DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2015

DERIVATIVES

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

	Nine Months Ended						Year Ended
(Dollars in thousands)	September 30, 2015			September 30, 2014			December 31, 2014
Notional amounts	$	75,000		$	75,000		$	75,000
Weighted average pay rates		1.66	%		1.39	%		1.39	%
Weighted average receive rates		0.31	%		0.23	%		0.24	%
Weighted average maturity		3.11 years			4.11 years			3.86 years
Unrealized losses	$	(1,993	)	$	(338	)	$	(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	$	(1,187	)	$	—	$	—

	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	$	(204	)	$	—	$	—

Schedule of cash flow hedge included in the Consolidated Balance Sheets

	September 30, 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	$	(1,214	)	$	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		(779	)		25,000		(250	)

Summary of information about interest rate swaps

	Nine Months Ended						Year Ended
(Dollars in thousands)	September 30, 2015			September 30, 2014			December 31, 2014
Notional amounts	$	56,586		$	11,175		$	11,175
Weighted average pay rates		3.35	%		3.27	%		3.28	%
Weighted average receive rates		3.35	%		3.27	%		3.28	%
Weighted average maturity		15.84 years			9.89 years			9.64 years
Fair value of combined interest rate swaps	$	—		$	—		$	—