OTHER COMPREHENSIVE INCOME (Tables)

6 Months Ended

Jun. 30, 2018

OTHER COMPREHENSIVE INCOME

Summary of OCI components and related tax effects

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2018		2017		2018		2017
Available-for-Sale Debt Securities:
Change in unrealized (loss) gain on available-for-sale debt securities (2018), debt and equity securities (2017)	$	(546)	$	423	$	(2,663)	$	1,129
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		(15)		101		(17)		154
Net unrealized (losses) gains		(561)		524		(3,108)		1,283
Tax effect		118		(183)		652		(450)
Net of tax		(443)		341		(2,456)		833
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges		77		(104)		276		(76)
Reclassification amount for derivative losses realized in income		9		58		35		124
Net unrealized gains		86		(46)		311		48
Tax effect		(19)		16		(64)		(16)
Net of tax		67		(30)		247		32
Total other comprehensive (loss) income components, net of tax	$	(376)	$	311	$	(2,209)	$	865

Summary of amounts reclassified out of each component of AOCI

		Amounts Reclassified from Accumulated
		Other Comprehensive Income
	Affected Line Items	Three Months Ended				Six Months Ended
	in the Consolidated	June 30,				June 30,
(in thousands)	Statements of Income	2018		2017		2018		2017
Cash Flow Hedges:
Interest rate swap on money market deposits	Interest expense on deposits	$	(3)	$	(29)	$	(20)	$	(63)
Interest rate swap on FHLB advance	Interest expense on FHLB advances		(6)		(29)		(15)		(61)
Total derivative losses on cash flow hedges	Total interest expense		(9)		(58)		(35)		(124)
Tax effect	Income tax expense		2		20		7		43
Net of tax	Net income	$	(7)	$	(38)	$	(28)	$	(81)

Summary of the AOCI balances, net of tax

			2018
(in thousands)	December 31, 2017		Change		June 30, 2018
Unrealized loss on available-for-sale debt securities and reclassification of equity securities	$	(604)	$	(2,443)	$	(3,047)
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		(13)		1,080
Unrealized gain (loss) on cash flow hedges		(73)		247		174
Total unrealized gain (loss)	$	416	$	(2,209)	$	(1,793)

			2017
(in thousands)	December 31, 2016		Change		June 30, 2017
Unrealized gain on available-for-sale debt and equity securities	$	237	$	733	$	970
Unrealized gain on available-for-sale debt security for which a portion of an other-than-temporary impairment has been recognized in earnings		706		100		806
Unrealized gain (loss) on cash flow hedges		(256)		32		(224)
Total unrealized gain	$	687	$	865	$	1,552