DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2018

DERIVATIVES

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

(Dollars in thousands)	March 31, 2018			December 31, 2017
Notional amounts	$	290,000		$	290,000
Weighted average pay rates		1.78	%		1.78	%
Weighted average receive rates		2.16	%		1.61	%
Weighted average maturity		2.39 years			2.64 years

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

						Amount of loss
	Amount of gain		Amount of loss			recognized in other
(In thousands)	recognized in OCI		reclassified from OCI			non-interest income
Interest rate contracts	(Effective Portion)		to interest expense			(Ineffective Portion)
Three months ended March 31, 2018	$	2,827	$	(65	)	$	-
Three months ended March 31, 2017	$	25	$	(275	)	$	-

Schedule of cash flow hedge included in the Consolidated Balance Sheets

	March 31, 2018							December 31, 2017
			Fair		Fair					Fair		Fair
	Notional		Value		Value			Notional		Value		Value
(In thousands)	Amount		Asset		Liability			Amount		Asset		Liability
Included in other assets/(liabilities):
Interest rate swaps related to FHLB advances	$	290,000	$	5,747	$	(131	)	$	290,000	$	3,133	$	(410	)

Schedule of information about interest rate swaps

(Dollars in thousands)	March 31, 2018			December 31, 2017
Notional amounts	$	171,112		$	147,967
Weighted average pay rates		4.14	%		3.96	%
Weighted average receive rates		4.14	%		3.96	%
Weighted average maturity		12.08 years			12.37 years
Fair value of combined interest rate swaps	$	-		$	-