STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2015

STOCKHOLDERS' EQUITY

Schedule of actual and required capital ratios

		Regulatory				Regulatory
		Minimum to be				Minimum to be
	March 31, 2015	Well Capitalized		December 31, 2014		Well Capitalized
Company (consolidated)
Total capital to risk weighted assets	11.4	10.0	%	11.4	%	10.0	%
Common Equity Tier 1 Capital to risk weighted assets	9.1	6.5		N/A		N/A
Tier 1 capital to risk weighted assets	9.2	8.0		9.0		6.0
Tier 1 capital to average assets	7.1	5.0		7.0		5.0
Bank
Total capital to risk weighted assets	10.8	10.0	%	10.8	%	10.0	%
Common Equity Tier 1 Capital to risk weighted assets	9.4	6.5		N/A		N/A
Tier 1 capital to risk weighted assets	9.4	8.0		9.3		6.0
Tier 1 capital to average assets	7.3	5.0		7.2		5.0

Schedule of components of accumulated other comprehensive income

(In thousands)	March 31, 2015			December 31, 2014
Other accumulated comprehensive income, before tax:
Net unrealized holding gain on AFS securities	$	25,330		$	15,993
Net loss on effective cash flow hedging derivatives	(7,200		)	(3,299		)
Net unrealized holding (loss) on pension plans	(3,822		)	(2,291		)
Income taxes related to items of accumulated other comprehensive income:
Net unrealized holding gain on AFS securities	(9,682		)	(6,077		)
Net loss on effective cash flow hedging derivatives	2,902			1,330
Net unrealized holding (loss) on pension plans	1,540			923
Accumulated other comprehensive income	$	9,068		$	6,579

Schedule of components of other comprehensive income

(In thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended March 31, 2015
Net unrealized holding gains on AFS securities:
Net unrealized gains arising during the period	$	9,371		$	(3,617	)	$	5,754
Less: reclassification adjustment for (gains) realized in net income	(34		)	12			(22		)
Net unrealized holding gain on AFS securities	9,337			(3,605		)	5,732
Net loss on cash flow hedging derivatives:
Net unrealized loss arising during the period	(3,901		)	1,572			(2,329		)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net loss on cash flow hedging derivatives	(3,901		)	1,572			(2,329		)
Net unrealized holding loss on pension plans
Net unrealized loss arising during the period	(1,596		)	643			(953		)
Less: reclassification adjustment for gains (losses) realized in net income	65			(26		)	39
Net unrealized holding loss on pension plans	(1,531		)	617			(914		)
Other comprehensive income	$	3,905		$	(1,416	)	$	2,489
Three Months Ended March 31, 2014
Net unrealized holding loss on AFS securities:
Net unrealized loss arising during the period	$	6,055		$	(2,233	)	$	3,822
Less: reclassification adjustment for (gains) realized in net income	(34		)	12			(22		)
Net unrealized holding gain on AFS securities	6,021			(2,221		)	3,800
Net loss on cash flow hedging derivatives:
Net unrealized loss arising during the period	(860		)	368			(492		)
Less: reclassification adjustment for (gains) realized in net income	5,393			(2,200		)	3,193
Net gain on cash flow hedging derivatives	4,533			(1,832		)	2,701
Net gain on terminated swap:
Net unrealized loss arising during the period	—			—			—
Less: reclassification adjustment for losses realized in net income	3,237			(1,312		)	1,925
Net gain on terminated swap	3,237			(1,312		)	1,925
Other comprehensive income	$	13,791		$	(5,365	)	$	8,426

Schedule of gross changes in each component of accumulated other comprehensive income

	Net unrealized			Net loss on			Net loss			Net unrealized
	holding (loss) gain			effective cash			on			holding loss
	on AFS			flow hedging			terminated			on
(in thousands)	Securities			derivatives			swap			pension plans			Total
Three Months Ended March 31, 2015
Balance at Beginning of Period	$	9,916		$	(1,969	)	$	—		$	(1,368	)	$	6,579
Other Comprehensive Gain (Loss) Before reclassifications	5,754			(2,329		)	—			(953		)	2,472
Amounts Reclassified from Accumulated other comprehensive income	(22		)	—			—			39			17
Total Other Comprehensive Income (Loss)	5,732			(2,329		)	—			(914		)	2,489
Balance at End of Period	$	15,648		$	(4,298	)	$	—		$	(2,282	)	$	9,068
Three Months Ended March 31, 2014
Balance at Beginning of Period	$	(5,776	)	$	(1,366	)	$	(1,925	)	$	(1,368	)	$	(10,435	)
Other Comprehensive Gain (Loss) Before reclassifications	3,822			(492		)	—			—			3,330
Amounts Reclassified from Accumulated other comprehensive income	(22		)	3,193			1,925			—			5,096
Total Other Comprehensive Income (Loss)	3,800			2,701			1,925			—			8,426
Balance at End of Period	$	(1,976	)	$	1,335		$	—		$	(1,368	)	$	(2,009	)

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

							Affected Line Item in the
	Three Months Ended March 31,						Statement where Net Income
(in thousands)	2015			2014			is Presented
Realized (gains) on AFS securities:
	$	(34	)	$	(34	)	Non-interest income
	12			12			Tax expense
	(22		)	(22		)	Net of tax
Realized losses on cash flow hedging derivatives:
	—			5,393			Non-interest income
	—			(2,200		)	Tax expense
	—			3,193			Net of tax
Amortization of realized gains on terminated swap:
	—			3,237			Non-interest income
	—			(1,312		)	Tax expense
	—			1,925			Net of tax
Realized loss on pension plans:
	65			—			Non-interest income
	(26		)	—			Tax expense
	39			—			Net of tax
Total reclassifications for the period	$	17		$	5,096		Net of tax