OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2016

OTHER COMPREHENSIVE INCOME

Summary of OCI components and related tax effects

	Three Months Ended
	March 31,
(in thousands)	2016		2015
Available for Sale Securities:
Change in unrealized gain (loss) on securities available for sale	$	2,292	$	1,238
Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings		(149)		(22)
Net unrealized gains		2,143		1,216
Tax effect		(750)		(426)
Net of tax		1,393		790
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges		(571)		(396)
Reclassification amount for derivative losses realized in income		87		101
Net unrealized gains losses		(484)		(295)
Tax effect		170		104
Net of tax		(314)		(191)
Total other comprehensive income components, net of tax	$	1,079	$	599

Summary of amounts reclassified out of each component of AOCI

		Amounts Reclassified From Accumulated
		Other Comprehensive Income
		Three Months Ended
	Affected Line Items in the Consolidated	March 31,
(in thousands)	Statements of Income	2016		2015
Cash Flow Hedges:
Interest rate swap on money market deposits	Interest expense on deposits	$	(43)	$	(49)
Interest rate swap on FHLB advance	Interest expense on FHLB advances		(44)		(52)
Total derivative losses on cash flow hedges	Total interest expense		(87)		(101)
Tax effect	Income tax expense		30		35
Net of tax	Net income	$	(57)	$	(66)

Summary of the AOCI balances, net of tax

			2016
(in thousands)	December 31, 2015		Change		March 31, 2016
Unrealized gain on securities available for sale	$	1,727	$	1,490	$	3,217
Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings		712		(97)		615
Unrealized loss on cash flow hedge		(390)		(314)		(704)
Total unrealized gain	$	2,049	$	1,079	$	3,128

			2015
(in thousands)	December 31, 2014		Change		March 31, 2015
Unrealized gain on securities available for sale	$	3,839	$	804	$	4,643
Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings		792		(14)		778
Unrealized loss on cash flow hedge		(316)		(191)		(507)
Total unrealized gain	$	4,315	$	599	$	4,914