DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2017

DERIVATIVES

Schedule of fair value hedges

		December 31, 2017			December 31, 2016
	Notional				Notional
	Amount		Fair Value		Amount		Fair Value
Included in Other Assets:
Interest Rate Swaps at Fair Value	$	209,114	$	3,657	$	143,300	$	3,003
Included in Other Liabilities:
Interest Rate Swaps at Fair Value	$	209,114	$	3,657	$	143,300	$	3,003

Schedule of derivative interest-rate swaps

		Year Ended
		December 31,
		2017
Notional amount	$	36,273
Weighted average pay rate		0.02067
Weighted average receive rate		0.01898
Weighted average maturity		1.5 years
Unrealized gains	$	275

Summary of the effect of derivative instruments on the Consolidated Statement of Income

The effect of derivative instruments on the Consolidated Statement of Income is presented below:

	Year Ended
	December 31,
	2017		2016
Interest Rate Swaps – Fee Income
Included in Other Income / (Expense)	$	1,004	$	1,071