DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2016

DERIVATIVES

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

(Dollars in thousands)	June 30, 2016			December 31, 2015
Notional amounts	$	125,000		$	125,000
Weighted average pay rates		1.58	%		1.58	%
Weighted average receive rates		0.63	%		0.51	%
Weighted average maturity		2.72 years			3.22 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 (loss)			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 June 30, 2016	$	(661	)	$	(239	)	$	-
Six months ended June 30, 2016	$	(2,684	)	$	(489	)	$	-
Three months ended June 30, 2015	$	117		$	(176	)	$	-
Six months ended June 30, 2015	$	(698	)	$	(310	)	$	-

Schedule of cash flow hedge included in the Consolidated Balance Sheets

	June 30, 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	$	-	$	(2,328	)	$	100,000	$	14	$	(713	)
Forward starting interest rate swap related to FHLB Advances	$	25,000	$	-	$	(1,161	)	$	25,000	$	-	$	(595	)

Summary of information about interest rate swaps

(Dollars in thousands)	June 30, 2016			December 31, 2015
Notional amounts	$	55,702		$	56,328
Weighted average pay rates		3.48	%		3.39	%
Weighted average receive rates		3.48	%		3.39	%
Weighted average maturity		15.07 years			15.59 years
Fair value of combined interest rate swaps	$	-		$	-