DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2018

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule fair value of the Company's derivative financial instruments as well as classification on the condensed consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of June 30, 2018 and December 31, 2017 (in thousands):

		Asset Derivatives					Liabilty Derivatives
Derivatives designated	Balance	Fair value as of:					Fair value as of:
as hedging instruments	Sheet Location	June 30, 2018		December 31, 2017		Balance Sheet Location	June 30, 2018		December 31, 2017
Interest rate products	Other assets	$	1,047	$	196	Other liabilities	$	—	$	—

Schedule of effect of cash flow hedge accounting on accumulated other comprehensive income (OCI)

The table below presents the effect of cash flow hedge accounting on accumulated other comprehensive income (OCI) for the quarters ended June 30, 2018 and 2017 (in thousands):

	Amount of gain (loss) recognized in OCI on derivative					Amount of gain (loss) recognized in OCI on derivative
Derivatives in cash flow	Three months ended June 30,					Six months ended June 30,
hedging relationships	2018		2017			2018		2017
Interest rate products	$	247	$	(249	)	$	815	$	(383	)

Location of gain (loss) reclassified from accumulated	Amount of gain (loss) reclassified from accumulated OCI into income (effective portion)					Amount of gain (loss) reclassified from accumulated OCI into income (effective portion)
	Three months ended June 30,					Six months ended June 30,
OCI into income	2018		2017			2018			2017
Interest expense	$	—	$	(48	)	$	(36	)	$	(112	)

Schedule of effect of the Company's derivative financial instruments on the condensed consolidated statement of income and comprehensive income

Derivatives designated as hedging instruments	Balance Sheet Location	Total amounts of income and expense line items presented that reflect the effects of cash flow hedges recorded				Total amounts of income and expense line items presented that reflect the effects of cash flow hedges recorded
		Three months ended June 30,				Six months ended June 30,
		2018		2017		2018		2017
Interest rate products	Other assets	$	602	$	641	$	1,216	$	1,164

Schedule of fair value provides the location that derivative assets and liabilities

			Gross amounts		Net amounts of
As of June 30, 2018	Gross amounts of recognized assets		offset in the condensed consolidated balance sheets		assets presented in the condensed consolidated balance sheets		Gross amounts not offset in the condensed consolidated balance sheets
							Financial instruments		Cash collateral received		Net amount
Derivatives	$	1,047	$	—	$	1,047	$	—	$	—	$	1,047

			Gross amounts		Net amounts of
As of December 31, 2017	Gross amounts of recognized assets		offset in the condensed consolidated balance sheets		assets presented in the condensed consolidated balance sheets		Gross amounts not offset in the condensed consolidated balance sheets
							Financial instruments		Cash collateral received		Net amount
Derivatives	$	196	$	—	$	196	$	—	$	—	$	196