INTEREST RATE SWAPS (Tables)

12 Months Ended

Dec. 31, 2016

INTEREST RATE SWAPS

Summary of swaps designated as cash flow hedges

								December 31, 2016				December 31, 2015
										Unrealized				Unrealized
		Notional	Pay		Receive			Assets /		Gain (Loss)		Assets /		Gain (Loss)
(dollars in thousands)		Amount	Rate		Rate	Term		(Liabilities)		AOCI		(Liabilities)		in AOCI
Interest rate swap on money market deposits	$	10,000	2.17	%	1M LIBOR	12/2013 - 12/2020	$	(186)	$	(121)	$	(289)	$	(188)
Interest rate swap on FHLB advance		10,000	2.33	%	3M LIBOR	12/2013 - 12/2020		(207)		(135)		(311)		(202)
	$	20,000					$	(393)	$	(256)	$	(600)	$	(390)

Schedule of interest expense recorded on swap transactions in the consolidated statements of income

Years Ended December 31, (in thousands)	2016		2015		2014
Interest rate swap on money market deposits	$	168	$	198	$	201
Interest rate swap on FHLB advance		164		204		223
Total interest expense on swap transactions	$	332	$	402	$	424

Summary of net gains recorded in AOCI and the consolidated statements of income relating to the swaps

Years Ended December 31, (in thousands)	2016		2015		2014
Losses recognized in OCI on derivative (effective portion)	$	(125)	$	(514)	$	(1,082)
Losses reclassified from OCI on derivative (effective portion)		(332)		(402)		(424)
Gains (losses) recognized in income on derivative (ineffective portion)		—		—		—

Summary of interest rate swaps related to clients

	2016				2015
	Notional				Notional
December 31, (in thousands)	Amount		Fair Value		Amount		Fair Value
Interest rate swaps with Bank clients	$	31,553	$	156	$	25,927	$	400
Offsetting interest rate swaps with institutional swap dealer		31,553		(55)		25,927		(400)
Total	$	63,106	$	101	$	51,854	$	—