DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2017

DERIVATIVES

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

(Dollars in thousands)	March 31, 2017			December 31, 2016
Notional amounts	$	305,000		$	175,000
Weighted average pay rates		1.74	%		1.61	%
Weighted average receive rates		1.12	%		0.95	%
Weighted average maturity		3.24 years			2.98 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 (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 March 31, 2017	$	25		$	(275	)	$	-
Three months ended March 31, 2016	$	(2,023	)	$	(250	)	$	-

Schedule of cash flow hedge included in the Consolidated Balance Sheets

	March 31, 2017							December 31, 2016
			Fair		Fair					Fair		Fair
(In thousands)	Notional		Value		Value			Notional		Value		Value
Included in other assets/(liabilities):	Amount		Asset		Liability			Amount		Asset		Liability
Interest rate swaps related to FHLB advances	$	305,000	$	2,156	$	(1,016	)	$	175,000	$	1,994	$	(1,153	)

Summary of information about interest rate swaps

(Dollars in thousands)	March 31, 2017			December 31, 2016
Notional amounts	$	76,047		$	62,472
Weighted average pay rates		3.62	%		3.50	%
Weighted average receive rates		3.62	%		3.50	%
Weighted average maturity		13.02 years			13.97 years
Fair value of combined interest rate swaps	$	-		$	-