DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017
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	1.54	%	2.94	%	$	(264	)
25,000		1-Apr-16	17-Jan-17	15-Dec-21	3 Month LIBOR	1.59	%	1.36	%	772
25,000		1-Apr-16	17-Jan-17	15-Dec-21	3 Month LIBOR	1.59	%	1.36	%	763
25,000		18-Jul-17	15-Aug-17	15-Aug-22	3 Month LIBOR	1.42	%	1.88	%	345
$	100,000									$	1,616
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	3 Month LIBOR	N/A		1.36	%	689
25,000		1-Apr-16	17-Jan-17	15-Dec-21	3 Month LIBOR	N/A		1.36	%	675
$	75,000									$	624

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, 2017
	(Dollars in thousands)
Loan level swaps
Receive fixed, pay variable	246	$	36,023	$	61,500	$	152,287	$	111,147	$	591,385	$	952,342	$	3,875
Pay fixed, receive variable	231	$	36,023	$	61,500	$	152,287	$	111,147	$	591,385	$	952,342	$	(3,880	)
Foreign exchange contracts
Buys foreign currency, sells U.S. currency	15	$	26,382	$	3,780	$	—	$	—	$	—	$	30,162	$	1,202
Buys U.S. currency, sells foreign currency	15	$	26,382	$	3,780	$	—	$	—	$	—	$	30,162	$	(1,188	)
	December 31, 2016
	(Dollars in thousands)
Loan level swaps
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

(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, 2017		December 31, 2016		Balance Sheet Location	December 31, 2017		December 31, 2016
	(Dollars in thousands)
Derivatives designated as hedges
Interest rate derivatives	Other assets	$	1,880	$	1,364	Other liabilities	$	264	$	740
Derivatives not designated as hedges
Customer Related Positions:
Loan level derivatives	Other assets	14,236		18,629		Other liabilities	14,241		18,632
Foreign exchange contracts	Other assets	1,202		2,338		Other liabilities	1,188		2,311
Mortgage Derivatives
Interest rate lock commitments	Other assets	149		430		Other liabilities	—		—
Forward sales agreements	Other assets	9		—		Other liabilities	—		233
		15,596		21,397			15,429		21,176
Total		$	17,476	$	22,761		$	15,693	$	21,916

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
	2017			2016			2015
	(Dollars in thousands)
Derivatives designated as hedges
Gain in OCI on derivatives (effective portion), net of tax	$	443		$	2,170		$	1,199
Loss reclassified from OCI into interest expense (effective portion)	$	(441	)	$	(2,520	)	$	(2,828	)
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	$	6		$	73		$	60
Other expenses	(21		)	(82		)	(53		)
Changes in fair value of mortgage derivatives
Mortgage banking income	(39		)	(35		)	(50		)
Total	$	(54	)	$	(44	)	$	(43	)