DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2015

DERIVATIVES

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

	Three Months Ended						Year Ended
(Dollars in thousands)	March 31, 2015			March 31, 2014			December 31, 2014
Notional amounts	$	75,000		$	50,000		$	75,000
Weighted average pay rates	1.66		%	1.39		%	1.39		%
Weighted average receive rates	0.26		%	0.24		%	0.24		%
Weighted average maturity	3.61 years			4.31 years			3.86 years
Unrealized losses	$	(1,624	)	$	(314	)	$	(943	)

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

	2015
	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	$	(989	)	$	—	$	—

	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	)	$	—	$	—

Schedule of cash flow hedge included in the Consolidated Balance Sheets

	March 31, 2015					December 31, 2014
	Notional		Fair			Notional		Fair
(In thousands)	Amount		Value			Amount		Value
Included in other assets (liabilities):
Interest rate swaps related to FHLB Advances	$	50,000	$	(1,117	)	$	40,000	$	(248	)
Forward starting interest rate swap related to repurchase agreements	—		—			10,000		(445		)
Forward starting interest rate swap related to FHLB advances	25,000		(507		)	25,000		(250		)

Summary of information about interest rate swaps

	Three Months Ended					Year Ended
(Dollars in thousands)	March 31, 2015			March 31, 2014		December 31, 2014
Notional amounts	$	37,125		$	—	$	11,175
Weighted average pay rates	3.28		%	—		3.28		%
Weighted average receive rates	3.28		%	—		3.28		%
Weighted average maturity	16.81 years			—		9.64 years
Fair value of combined interest rate swaps	$	—		$	—	$	—