STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2013

STOCKHOLDERS' EQUITY

Schedule of actual and required capital ratios

					FDIC Minimum
	June 30, 2013		December 31, 2012		to be Well Capitalized
Total capital to risk weighted assets	12.3	%	11.8	%	10.0	%
Tier 1 capital to risk weighted assets	10.5		10.0		6.0
Tier 1 capital to average assets	8.3		7.5		5.0

Schedule of components of accumulated other comprehensive loss

(In thousands)	June 30, 2013			December 31, 2012
Other accumulated comprehensive income/(loss), before tax:
Net unrealized holding (loss) gain on AFS securities	$	(1,980	)	$	10,718
Net loss on effective cash flow hedging derivatives	(3,357		)	(10,955		)
Net loss on terminated swap	(3,708		)	(4,179		)
Net unrealized holding loss on pension plans	(1,265		)	(1,265		)
Income taxes related to items of accumulated other comprehensive (loss)/income:
Net unrealized holding (loss) gain on AFS securities	750			(4,006		)
Net loss on effective cash flow hedging derivatives	1,341			4,397
Net loss on terminated swap	1,499			1,801
Net unrealized holding loss on pension plans	510			510
Accumulated other comprehensive loss	$	(6,210	)	$	(2,979	)

Schedule of components of other comprehensive loss

(In thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended June 30, 2013
Net unrealized holding (loss) gain on AFS securities:
Net unrealized (loss) gain arising during the period	(14,436		)	5,483			(8,953		)
Less: reclassification adjustment for losses (gains) realized in net income	1,005			(406		)	599
Net unrealized holding (loss) gain on AFS securities	(13,431		)	5,077			(8,354		)
Net loss on cash flow hedging derivatives:
Net unrealized gain (loss) arising during the period	4,656			(1,876		)	2,780
Less: reclassification adjustment for (gains) losses realized in net income	1,499			(605		)	894
Net loss on cash flow hedging derivatives	6,155			(2,481		)	3,674
Net loss on terminated swap:
Net unrealized loss arising during the period	—			—			—
Less: reclassification adjustment for (gains) losses realized in net income	236			(95		)	141
Net gain (loss) on terminated swap	236			(95		)	141
Other Comprehensive Loss	$	(7,040	)	$	2,501		$	(4,539	)
Three Months Ended June 30, 2012
Net unrealized holding gain (loss) on AFS securities:
Net unrealized gain (loss) arising during the period	1,401			(453		)	948
Less: reclassification adjustment for losses (gains) realized in net income	(7		)	3			(4		)
Net unrealized holding gain (loss) on AFS securities	1,394			(450		)	944
Net loss on cash flow hedging derivatives:
Net unrealized (loss) gain arising during the period	(3,977		)	1,751			(2,226		)
Less: reclassification adjustment for (gains) losses realized in net income	1,489			(599		)	890
Net loss on cash flow hedging derivatives	(2,488		)	1,152			(1,336		)
Net loss on terminated swap:
Net unrealized gain arising during the period	—			—			—
Less: reclassification adjustment for (gains) losses realized in net income	235			(31		)	204
Net loss on terminated swap	235			(31		)	204
Net unrealized holding loss on pension plans
Net unrealized loss arising during the period	(256		)	—			(256		)
Less: reclassification adjustment for (gains) losses realized in net income	—			—			—
Net unrealized holding loss on pension plans	(256		)	—			(256		)
Other Comprehensive Loss	$	(1,115	)	$	671		$	(444	)

(In thousands)	Before Tax			Tax Effect			Net of Tax
Six Months Ended June 30, 2013
Net unrealized holding (loss) gain on AFS securities:
Net unrealized (loss) gain arising during the period	(13,703		)	5,163			(8,540		)
Less: reclassification adjustment for (gains) losses realized in net income	1,005			(405		)	600
Net unrealized holding gain (loss) on AFS securities	(12,698		)	4,758			(7,940		)
Net loss on cash flow hedging derivatives:
Net unrealized gain (loss) arising during the period	4,489			(1,802		)	2,687
Less: reclassification adjustment for (gains) losses realized in net income	3,109			(1,255		)	1,854
Net gain (loss) on cash flow hedging derivatives	7,598			(3,057		)	4,541
Net loss on terminated swap:
Net unrealized loss arising during the period	—			—			—
Less: reclassification adjustment for (gains) losses realized in net income	471			(303		)	168
Net gain (loss) on terminated swap	471			(303		)	168
Other Comprehensive Loss	$	(4,629	)	$	1,398		$	(3,231	)
Six Months Ended June 30, 2012
Net unrealized holding gain (loss) on AFS securities:
Net unrealized gain (loss) arising during the period	2,694			(967		)	1,727
Less: reclassification adjustment for (gains) losses realized in net income	(7		)	3			(4		)
Net unrealized holding gain (loss) on AFS securities	2,687			(964		)	1,723
Net loss on cash flow hedging derivatives:
Net unrealized (loss) gain arising during the period	(5,146		)	2,130			(3,016		)
Less: reclassification adjustment for gains (losses) realized in net income	2,942			(1,184		)	1,758
Net loss on cash flow hedging derivatives	(2,204		)	946			(1,258		)
Net loss on terminated swap:
Net unrealized (loss) gain arising during the period	—			—			—
Less: reclassification adjustment for (gains) losses realized in net income	471			(131		)	340
Net loss on terminated swap	471			(131		)	340
Net unrealized holding gain (loss) on pension plans
Net unrealized (loss) arising during the period	(256		)	—			(256		)
Less: reclassification adjustment for (gains) losses realized in net income	—			—			—
Net unrealized holding (loss) on pension plans	(256		)	—			(256		)
Other Comprehensive Income	$	698		$	(149	)	$	549

Schedule of changes in each component of accumulated other comprehensive income

	Net unrealized			Net loss on			Net loss			Net unrealized
	holding gain (loss)			effective cash			on			holding gain (loss)
	on AFS			flow hedging			terminated			on
(in thousands)	Securities			derivatives			swap			pension plans			Total
Three Months Ended June 30, 2013
Balance at Beginning of Period	$	11,451		$	(9,512	)	$	(3,944	)	$	(1,265	)	$	(3,270	)
Other Comprehensive Loss Before reclassifications	(14,436		)	4,656			—			—			(9,780		)
Amounts Reclassified from Accumulated other comprehensive income	1,005			1,499			236			—			2,740
Total Other Comprehensive Income	(13,431		)	6,155			236			—			(7,040		)
Balance at End of Period	$	(1,980	)	$	(3,357	)	$	(3,708	)	$	(1,265	)	$	10,310
Three Months Ended June 30, 2012
Balance at Beginning of Period	$	7,592		$	(8,599	)	$	(4,885	)	$	(676	)	$	(6,568	)
Other Comprehensive Loss Before reclassifications	1,401			(3,977		)	—			(256		)	(2,832		)
Amounts Reclassified from Accumulated other comprehensive income	(7		)	1,489			235			—			1,717
Total Other Comprehensive Income	1,394			(2,488		)	235			(256		)	(1,115		)
Balance at End of Period	$	8,986		$	(11,087	)	$	(4,650	)	$	(932	)	$	(7,683	)
Six Months Ended June 30, 2013
Balance at Beginning of Period	$	10,718		$	(10,955	)	$	(4,179	)	$	(1,265	)	$	(5,681	)
Other Comprehensive Loss Before reclassifications	(13,703		)	4,489			—			—			(9,214		)
Amounts Reclassified from Accumulated other comprehensive income	1,005			3,109			471			—			4,585
Total Other Comprehensive Income	(12,698		)	7,598			471			—			(4,629		)
Balance at End of Period	$	(1,980	)	$	(3,357	)	$	(3,708	)	$	(1,265	)	$	(10,310	)
Six Months Ended June 30, 2012
Balance at Beginning of Period	$	6,299		$	(8,883	)	$	(5,121	)	$	(676	)	$	(8,381	)
Other Comprehensive Loss Before reclassifications	2,694			(5,146		)	—			(256		)	(2,708		)
Amounts Reclassified from Accumulated other comprehensive income	(7		)	2,942			471			—			3,406
Total Other Comprehensive Income	2,687			(2,204		)	471			(256		)	698
Balance at End of Period	$	8,986		$	(11,087	)	$	(4,650	)	$	(932	)	$	(7,683	)

Schedule of amounts reclassified out of each component of accumulated other comprehensive income

							Affected Line Item in the
	Three Months Ended June 30,						Statement Where Net Income
(in thousands)	2013			2012			Is Presented
Realized gains (losses) on AFS securities:
	1,005			(7		)	Non-interest income
	(405		)	3			Tax expense
	600			(4		)	Net of tax
Realized gains on cash flow hedging derivatives
	1,499			1,489			Interest income
	(605		)	(599		)	Tax expense
	894			890			Net of tax
Amortization of realized gains on terminated swap
	236			235			Interest income
	(95		)	(31		)	Tax expense
	141			204			Net of tax
Total reclassifications for the period	$	1,635		$	1,090		Net of tax

							Affected Line Item in the
	Six Months Ended June 30,						Statement Where Net Income
(in thousands)	2013			2012			Is Presented
Realized gains (losses) on AFS securities:
	1,005			(7		)	Non-interest income
	(405		)	3			Tax expense
	600			(4		)	Net of tax
Realized gains on cash flow hedging derivatives
	3,109			2,942			Interest income
	(1,255		)	(1,184		)	Tax expense
	1,854			1,758			Net of tax
Amortization of realized gains on terminated swap
	471			471			Interest income
	(303		)	(131		)	Tax expense
	168			340			Net of tax
Total reclassifications for the period	$	2,622		$	2,094		Net of tax