DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2014

DERIVATIVES

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

(Dollars in thousands)	2014			2013
Notional amounts	$	75,000		$	50,000
Weighted average pay rates	1.39		%	1.39		%
Weighted average receive rates	0.24		%	0.24		%
Weighted average maturity	3.86 years			4.56 years
Unrealized (losses)	$	(943	)	$	(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
(In thousands)	Amount of (loss) recognized in OCI (Effective Portion)			Amount of (loss) reclassified from OCI to interest income		Amount of (loss) recognized in other non- interest income (Ineffective Portion)
Interest rate contracts	$	(569	)	$	—	$	—

	2013
(In thousands)	Amount of (loss) recognized in OCI (Effective Portion)			Amount of (loss) reclassified from OCI to interest income		Amount of (loss) recognized in other non- interest income (Ineffective Portion)
Interest rate contracts	$	(99	)	$	—	$	—

Schedule of cash flow hedge included in the Consolidated Balance Sheets

As of December 31,	2014					2013
(In thousands)	Notional Amount		Fair Value			Notional Amount		Fair Value
Included in other asset/(liabilities):
Interest rate swaps related to FHLB advances	$	40,000	$	(248	)	$	40,000	$	(122	)
Forward starting interest rate swap related to repurchase agreements	10,000		(445		)	10,000		(42		)
Forward starting interest rate swap related to FHLB advances	25,000		(250		)	—		—

Summary of information about interest rate swaps

(Dollars in thousands)	2014
Notional amounts	$	11,175
Weighted average pay rates	3.28		%
Weighted average receive rates	3.28		%
Weighted average maturity	9.64 years
Fair value of combined interest rate swaps	$	—