CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Schedule of Actual and Required Capital Ratios

			Regulatory				Regulatory
	March 31,		Minimum to be		December 31,		Minimum to be
	2020		"Well Capitalized"		2019		"Well Capitalized"
Company (consolidated)
Total capital to risk-weighted assets	13.61	%	10.50	%	13.61	%	10.50	%
Common equity tier 1 capital to risk-weighted assets	10.61		7.00		10.57		7.00
Tier 1 capital to risk-weighted assets	11.42		8.50		11.39		8.50
Tier 1 capital to average assets	8.25		5.00		8.13		5.00
Bank
Total capital to risk-weighted assets	12.58	%	10.50	%	12.42	%	10.50	%
Common equity tier 1 capital to risk-weighted assets	11.96		7.00		11.79		7.00
Tier 1 capital to risk-weighted assets	11.96		8.50		11.79		8.50
Tier 1 capital to average assets	8.64		5.00		8.39		5.00

Schedule of Components of Accumulated Other Comprehensive Income

(in thousands)	March 31, 2020		December 31, 2019
Other accumulated comprehensive income, before tax:
Net unrealized gain on AFS securities	$	12,699	$	7,342
Net unrealized loss on hedging derivatives		(3,099)		(718)
Net unrealized loss on post-retirement plans		(1,512)		(1,512)
Income taxes related to items of accumulated other comprehensive income:
Net unrealized gain on AFS securities		(3,139)		(1,793)
Net unrealized loss on hedging derivatives		886		237
Net unrealized loss on post-retirement plans		355		355
Accumulated other comprehensive income	$	6,190	$	3,911

Schedule of Components of Other Comprehensive Income (Loss)

(in thousands)	Before Tax		Tax Effect		Net of Tax
Three Months Ended March 31, 2020
Net unrealized gain on AFS securities:
Net unrealized gain arising during the period	$	5,492	$	(1,378)	$	4,114
Less: reclassification adjustment for gains (losses) realized in net income		135		(32)		103
Net unrealized gain on AFS securities		5,357		(1,346)		4,011
Net unrealized loss on derivative hedges:
Net unrealized loss arising during the period		(2,382)		650		(1,732)
Less: reclassification adjustment for gains (losses) realized in net income		—		—		—
Net unrealized loss on derivative hedges		(2,382)		650		(1,732)
Net unrealized gain on post-retirement plans:
Net unrealized gain arising during the period		—		—		—
Less: reclassification adjustment for gains (losses) realized in net income		—		—		—
Net unrealized gain on post-retirement plans		—		—		—
Other comprehensive income	$	2,975	$	(696)	$	2,279
Three Months Ended March 31, 2019
Net unrealized gain on AFS securities:
Net unrealized gain arising during the period	$	8,900	$	(2,079)	$	6,821
Less: reclassification adjustment for gains realized in net income		—		—		—
Net unrealized gain on AFS securities		8,900		(2,079)		6,821
Net unrealized loss on cash flow hedging derivatives:
Net unrealized loss arising during the period		(845)		198		(647)
Less: reclassification adjustment for gains (losses) realized in net income		—		—		—
Net unrealized gain on cash flow hedging derivatives		(845)		198		(647)
Net unrealized gain on post-retirement plans:
Net unrealized gain arising during the period		—		—		—
Less: reclassification adjustment for gains (losses) realized in net income		—		—		—
Net unrealized gain on post-retirement plans		—		—		—
Other comprehensive income	$	8,055	$	(1,881)	$	6,174

Schedule of Changes in Components of Accumulated Other Comprehensive Income

	Net unrealized		Net loss on		Net unrealized
	gain (loss)		effective cash		loss
	on AFS		flow hedging		on pension
(in thousands)	Securities		derivatives		plans		Total
Three Months Ended March 31, 2020
Balance at beginning of period	$	5,549	$	(481)	$	(1,157)	$	3,911
Other comprehensive gain (loss) before reclassifications		4,114		(1,732)		—		2,382
Less: amounts reclassified from accumulated other comprehensive income		103		—		—		103
Total other comprehensive income (loss)		4,011		(1,732)		—		2,279
Balance at end of period	$	9,560	$	(2,213)	$	(1,157)	$	6,190
Three Months Ended March 31, 2019
Balance at beginning of period	$	(8,665)	$	(2,249)	$	(888)	$	(11,802)
Other comprehensive gain (loss) before reclassifications		6,821		(647)		—		6,174
Less: amounts reclassified from accumulated other comprehensive income		—		—		—		—
Total other comprehensive income (loss)		6,821		(647)		—		6,174
Balance at end of period	$	(1,844)	$	(2,896)	$	(888)	$	(5,628)

Reclassification out of Accumulated Other Comprehensive Income

	Three Months Ended March 31,				Affected Line Item where
(in thousands)	2020		2019		Net Income is Presented
Net realized gains on AFS securities:
Before tax(1)	$	135	$	—	Non-interest income
Tax effect		(32)		—	Tax expense
Total reclassifications for the period	$	103	$	—	Net of tax

(1) Net realized gains before tax include gross realized gains $146 thousand and realized losses of $11 thousand.