DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2015

DERIVATIVES

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

(Dollars in thousands)	2015			2014
Notional amounts	$	125,000		$	75,000
Weighted average pay rates		1.58	%		1.39	%
Weighted average receive rates		0.51	%		0.24	%
Weighted average maturity		3.22 years			3.86 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

	2015
(In thousands)	Amount of (loss) recognized in OCI (Effective Portion)			Amount of (loss) reclassified from OCI to interest expense			Amount of (loss) recognized in other non- interest income (Ineffective Portion)
Interest rate contracts	$	(1,008	)	$	(657	)	$	—

	2014
(In thousands)	Amount of (loss) recognized in OCI (Effective Portion)			Amount of (loss) reclassified from OCI to interest expense			Amount of (loss) recognized in other non- interest income (Ineffective Portion)
Interest rate contracts	$	(1,249	)	$	(470	)	$	—

Schedule of cash flow hedge included in the Consolidated Balance Sheets

As of December 31,	2015							2014
			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	$	100,000	$	14	$	(713	)	$	40,000	$	32	$	(280	)
Forward starting interest rate swap related to repurchase agreements		—		—		—			10,000		—		(445	)
Forward starting interest rate swap  related to FHLB Advances		25,000		—		(595	)		25,000		—		(250	)

Summary of information about interest rate swaps

(Dollars in thousands)	2015			2014
Notional amounts	$	56,328		$	11,175
Weighted average pay rates		3.39	%		3.28	%
Weighted average receive rates		3.39	%		3.28	%
Weighted average maturity		3.39 years			9.64 years
Fair value of combined interest rate swaps	$	—		$	—