DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Details of derivative positions for interest rate swaps which qualify as hedges for accounting purposes

The following table reflects the Company’s derivative positions for the periods indicated below for interest rate swaps which qualify as cash flow hedges for accounting purposes:

December 31, 2016
Notional Amount		Trade Date	Effective Date	Maturity Date		Receive (Variable) Index	Current Rate Received		Pay Fixed Swap Rate		Fair Value
(Dollars in thousands)
$	25,000	9-Dec-08	10-Dec-08	10-Dec-18		3 Month LIBOR	0.95	%	2.94	%	$	(740	)
25,000		1-Apr-16	17-Jan-17	15-Dec-21	(1)	3 Month LIBOR	N/A		1.36	%	689
25,000		1-Apr-16	17-Jan-17	15-Dec-21	(1)	3 Month LIBOR	N/A		1.36	%	675
$	75,000										$	624
December 31, 2015
Notional Amount		Trade Date	Effective Date	Maturity Date		Receive (Variable) Index	Current Rate Received		Pay Fixed Swap Rate		Fair Value
(Dollars in thousands)
$	25,000	16-Feb-06	28-Dec-06	28-Dec-16		3 Month LIBOR	0.51	%	5.04	%	$	(1,054	)
25,000		16-Feb-06	28-Dec-06	28-Dec-16		3 Month LIBOR	0.51	%	5.04	%	(1,055		)
25,000		9-Dec-08	10-Dec-08	10-Dec-18		3 Month LIBOR	0.49	%	2.94	%	(1,164		)
$	75,000										$	(3,273	)

Summary of customer related derivative positions, not designated as hedging

The following table reflects the Company’s customer related derivative positions for the periods indicated below for those derivatives not designated as hedging:

	Number of Positions (1)	Notional Amount Maturing
		Less than 1 year		Less than 2 years		Less than 3 years		Less than 4 years		Thereafter		Total		Fair Value
	December 31, 2016
	(Dollars in thousands)
Loan level derivatives
Receive fixed, pay variable	222	$	30,245	$	21,708	$	63,771	$	165,783	$	567,897	$	849,404	$	12,005
Pay fixed, receive variable	207	$	30,245	$	21,708	$	63,771	$	165,783	$	567,897	$	849,404	$	(12,008	)
Foreign exchange contracts
Buys foreign currency, sells U.S. currency	33	$	45,711	$	—	$	—	$	—	$	—	$	45,711	$	(2,250	)
Buys U.S. currency, sells foreign currency	33	$	45,711	$	—	$	—	$	—	$	—	$	45,711	$	2,277
	December 31, 2015
	(Dollars in thousands)
Loan level derivatives
Receive fixed, pay variable	171	$	37,732	$	34,424	$	29,629	$	77,041	$	488,110	$	666,936	$	22,467
Pay fixed, receive variable	165	$	37,732	$	34,424	$	29,629	$	77,041	488,110		$	666,936	$	(22,462	)
Foreign exchange contracts
Buys foreign currency, sells U.S. currency	21	$	38,416	$	—	$	—	$	—	$	—	$	38,416	$	(354	)
Buys U.S. currency, sells foreign currency	21	$	38,416	$	—	$	—	$	—	$	—	$	38,416	$	382

(1) The Company may enter into one dealer swap agreement which offsets multiple commercial borrower swap agreements.

Fair value of derivative financial instruments as well as their classification on the balance sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the balance sheet at the periods indicated:

	Asset Derivatives					Liability Derivatives
		Fair Value at		Fair Value at			Fair Value at		Fair Value at
	Balance Sheet Location	December 31, 2016		December 31, 2015		Balance Sheet Location	December 31, 2016		December 31, 2015
	(Dollars in thousands)
Derivatives designated as hedges
Interest rate derivatives	Other assets	$	1,364	$	—	Other liabilities	$	740	$	3,273
Derivatives not designated as hedges
Customer Related Positions:
Loan level derivatives	Other assets	18,629		22,470		Other liabilities	18,632		22,465
Foreign exchange contracts	Other assets	2,338		602		Other liabilities	2,311		574
Mortgage Derivatives
Interest rate lock commitments	Other assets	430		233		Other liabilities	—		—
Forward sales agreements	Other assets	—		—		Other liabilities	233		1
Subtotal		21,397		23,305			21,176		23,040
Total		$	22,761	$	23,305		$	21,916	$	26,313

Effect of derivative financial instruments included in OCI and current earnings

The table below presents the effect of the Company’s derivative financial instruments included in OCI and current earnings for the periods indicated:

	Years Ended December 31
	2016			2015			2014
	(Dollars in thousands)
Derivatives designated as hedges
Gain (loss) in OCI on derivatives (effective portion), net of tax	$	2,170		$	1,199		$	2,256
Loss reclassified from OCI into interest expense (effective portion)	$	(2,520	)	$	(2,828	)	$	(3,662	)
Loss reclassified from OCI into noninterest expense (loss on termination)	$	—		$	—		$	(1,122	)
Loss recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
Interest expense	$	—		$	—		$	—
Other expense	—			—			—
Total	$	—		$	—		$	—
Derivatives not designated as hedges
Changes in fair value of customer related positions
Other income	$	73		$	60		$	63
Other expenses	(82		)	(53		)	(4		)
Changes in fair value of mortgage derivatives
Mortgage banking income	(35		)	(50		)	49
Total	$	(44	)	$	(43	)	$	108