OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2018

OTHER COMPREHENSIVE INCOME

Summary of OCI components and related tax effects

	Three Months Ended
	March 31,
(in thousands)	2018		2017
Available-for-Sale Debt Securities:
Change in unrealized gain (loss) on available-for-sale debt securities (2018), debt and equity securities (2017)	$	(2,117)	$	706
Adjustment for adoption of ASU 2016-01		(428)		—
Change in unrealized gain on available-for-sale debt security for which a portion of an other-than-temporary impairment has been recognized in earnings		(2)		53
Net unrealized (losses) gains		(2,547)		759
Tax effect		535		(266)
Net of tax		(2,012)		493
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges		199		28
Reclassification amount for derivative losses realized in income		26		66
Net unrealized gains		225		94
Tax effect		(46)		(33)
Net of tax		179		61
Total other comprehensive (loss) income components, net of tax	$	(1,833)	$	554

Summary of amounts reclassified out of each component of AOCI

		Amounts Reclassified From Accumulated
		Other Comprehensive (Loss) Income
	Affected Line Items	Three Months Ended
	in the Consolidated	March 31,
(in thousands)	Statements of Income	2018		2017
Cash Flow Hedges:
Interest rate swap on money market deposits	Interest expense on deposits	$	(14)	$	(34)
Interest rate swap on FHLB advance	Interest expense on FHLB advances		(12)		(32)
Total derivative losses on cash flow hedges	Total interest expense		(26)		(66)
Tax effect	Income tax expense		9		23
Net of tax	Net income	$	(17)	$	(43)

Summary of the AOCI balances, net of tax

			2018
(in thousands)	December 31, 2017		Change		March 31, 2018
Unrealized loss on available-for-sale debt securities and reclassification of equity securities	$	(604)	$	(2,011)	$	(2,615)
Unrealized gain (loss) on available-for-sale debt security for which a portion of an other-than-temporary impairment has been recognized in earnings		1,093		(1)		1,092
Unrealized gain (loss) on cash flow hedges		(73)		179		106
Total unrealized gain (loss)	$	416	$	(1,833)	$	(1,417)

			2017
(in thousands)	December 31, 2016		Change		March 31, 2017
Unrealized gain on available-for-sale debt and equity securities	$	237	$	459	$	696
Unrealized gain on available-for-sale debt security for which a portion of an other-than-temporary impairment has been recognized in earnings		706		34		740
Unrealized gain (loss) on cash flow hedges		(256)		61		(195)
Total unrealized gain	$	687	$	554	$	1,241