DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2014

DERIVATIVES

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

	For the three months ended						For the year ended
(Dollars in thousands)	March 31, 2014			March 31, 2013			December 31, 2013
Notional amount	$	50,000		$	15,000		$	50,000
Weighted average pay rates	1.39		%	0.99		%	1.39		%
Weighted average receive rates		0.24	%		0.28	%	0.24		%
Weighted average maturity	4.31 years			4.24 years			4.56 years
Unrealized (losses)	$	(314	)	$	(148	)	$	(164	)

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

	2014
	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	$	(190	)	$	—	$	—

	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	$	(89	)	$	—	$	—

Schedule of cash flow hedge included in the Consolidated Balance Sheets

	March 31, 2014					December 31, 2013
	Notional		Fair			Notional		Fair
(In thousands)	Amount		Value			Amount		Value
Included in other assets (liabilities):
Interest rate swaps related to FHLB Advances	$	40,000	$	(158	)	$	40,000	$	(122	)
Forward starting interest rate swap related to repurchase agreements	10,000		(156		)	10,000		(42		)