OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2015

Summary of OCI components and related tax effects

	Three Months Ended
	March 31,
(in thousands)	2015			2014

Available for Sale Securities:
Unrealized gain on securities available for sale	$	1,238		$	2
Change in unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings	(22		)	54
Net unrealized gains	1,216			56
Tax effect	(426		)	(20		)
Net of tax	790			36

Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges	(396		)	(339		)
Reclassification amount for derivative losses realized in income	101			100
Net unrealized losses	(295		)	(239		)
Tax effect	104			83
Net of tax	(191		)	(156		)

Total OCI components, net of tax	$	599		$	(120	)

Summary of amounts reclassified out of each component of OCI

.........................................................................................................................................................................................

		Amounts Reclassified From Accumulated Other Comprehensive Income
		Three Months Ended
	Affected Line Items in the Consolidated	March 31,
(in thousands)	Statements of Income	2015			2014

Cash Flow Hedges:

Derivative losses realized on cash flow hedge of deposits	Interest expense on deposits	$	(49	)	$	(49	)

Derivative losses realized on cash flow hedge of FHLB advance	Interest expense on Federal Home Loan Bank advances	(52		)	(51		)
Total derivative losses on cash flow hedges	Total interest expense	(101		)	(100		)
Tax effect	Income tax expense	35			35
Net of tax	Net income	$	(66	)	$	(65	)

Summary of the accumulated OCI balances, net of tax

(in thousands)	Dec. 31, 2014			2015 Change			Mar. 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

(in thousands)	Dec. 31, 2013		2014 Change			Mar. 31, 2014

Unrealized gain on securities available for sale	$	2,526	$	1		$	2,527
Unrealized gain on security available for sale for which a portion of an other-than-temporary impairment has been recognized in earnings	484		35			519
Unrealized gain (loss) on cash flow hedge	111		(156		)	(45		)
Total unrealized gain	$	3,121	$	(120	)	$	3,001