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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2015
Derivative Instruments and Hedging Activities [Abstract]  
Effects of derivative instruments on consolidated financial statements
The effects of derivative instruments on the Consolidated Financial Statements for March 31, 2015 and December 31, 2014 are as follows:

(In thousands)
 
March 31, 2015
Derivatives designated as hedging instruments
 
Notional/
Contract
Amount
  
Estimated Net
Fair Value
 
Fair Value
Balance Sheet
Location
Expiration
Date
Interest rate swap-cash flow
 
$
4,000
  
$
(351
)
Other Liabilities
9/15/2020
Interest rate swap-fair value
  
2,102
   
(96
)
Other Liabilities
8/15/2021
Interest rate swap-fair value
  
1,982
   
(92
)
Other Liabilities
8/15/2021
Interest rate swap-fair value
  
993
   
(2
)
Other Liabilities
9/26/2022
Interest rate swap-fair value
  
4,800
   
(66
)
Other Liabilities
2/12/2022


  
March 31, 2015
 
 
Derivatives in cash flow hedging relationships
 
 
Amount of Gain (Loss)
Recognized in OCI on
Derivatives, net of tax
(Effective Portion)
 
Location of Gain or
(Loss) Recognized in
Income on Derivative
(Ineffective Portion)
 
Amount of Gain (Loss)
Recognized in Income
on Derivative
(Ineffective Portion)
 
Interest rate swap
 
$
(31
)
Not applicable
 
$
-
 


(In thousands)
March 31, 2015
 
Derivatives in fair value hedging relationships
Income Statement
Classification
 
Gain or
(Loss) on Swaps
 
Interest rate swaps
Interest income
 
$
(12
)

 (In thousands)
 
December 31, 2014
Derivatives designated as hedging instruments
 
 
Notional/
Contract
Amount
  
Estimated Net
Fair Value
 
Fair Value
Balance Sheet
Location
Expiration
Date
Interest rate swap-cash flow
 
$
4,000
  
$
(304
)
Other Liabilities
9/15/2020
Interest rate swap-fair value
  
2,114
   
(66
)
Other Liabilities
8/15/2021
Interest rate swap-fair value
  
1,993
   
(63
)
Other Liabilities
8/15/2021
Interest rate swap-fair value
  
1,000
   
16
 
Other Assets
9/26/2022

  
December 31, 2014
 
 
Derivatives in cash flow hedging relationships
 
 
Amount of Gain (Loss)
Recognized in OCI on
Derivatives, net of tax
(Effective Portion)
 
Location of Gain or
(Loss) Recognized in
Income on Derivative
(Ineffective Portion)
 
Amount of Gain (Loss)
Recognized in Income
on Derivative
(Ineffective Portion)
 
Interest rate swaps
 
$
(53
)
Not applicable
 
$
-
 

(In thousands)
December 31, 2014
 
Derivatives in fair value hedging relationships
 
Income Statement
Classification
 
Gain or
(Loss) on Swaps
 
Interest rate swaps
Interest Income
 
$
(58
)