DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2016

DERIVATIVES

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

	Three Months Ended
(Dollars in thousands)	March 31, 2016			March 31, 2015
Notional amounts	$	125,000		$	75,000
Weighted average pay rates		1.58	%		1.66	%
Weighted average receive rates		0.63	%		0.26	%
Weighted average maturity		2.97 years			3.61 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

	March 31, 2016
							Amount of (loss)
	Amount of (loss)			Amount of (loss)			recognized in other
	recognized in OCI			reclassified from OCI			non-interest income
(In thousands)	(Effective Portion)			to interest expense			(Ineffective Portion)
Interest rate contracts	$	(2,023	)	$	(250	)	$	-

	March 31, 2015
							Amount of (loss)
	Amount of (loss)			Amount of (loss)			recognized in other
	recognized in OCI			reclassified from OCI			non-interest income
(In thousands)	(Effective Portion)			to interest expense			(Ineffective Portion)
Interest rate contracts	$	(815	)	$	(134	)	$	-

Schedule of cash flow hedge included in the Consolidated Balance Sheets

	March 31, 2016							December 31, 2015
			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	$	-	$	(2,044	)	$	100,000	$	14	$	(713	)
Forward starting interest rate swap related to FHLB Advances	$	25,000	$	-	$	(1,023	)	$	25,000	$	-	$	(595	)

Summary of information about interest rate swaps

	Three Months Ended
(Dollars in thousands)	March 31, 2016			March 31, 2015
Notional amounts	$	56,014		$	37,125
Weighted average pay rates		3.47	%		3.28	%
Weighted average receive rates		3.47	%		3.28	%
Weighted average maturity		15.33 years			16.81 years
Fair value of combined interest rate swaps	$	-		$	-