OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2019

OTHER COMPREHENSIVE INCOME

Summary of OCI components and related tax effects

	Three Months Ended
	March 31,
(in thousands)	2019		2018
Available-for-Sale Debt Securities:
Change in unrealized (loss) gain on AFS debt securities	$	3,659	$	(2,117)
Adjustment for adoption of ASU 2016-01		—		(428)
Change in unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings		(33)		(2)
Net unrealized (losses) gains		3,626		(2,547)
Tax effect		(762)		535
Net of tax		2,864		(2,012)
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges		(69)		199
Reclassification amount for net derivative losses realized in income		(19)		26
Net unrealized gains		(88)		225
Tax effect		18		(46)
Net of tax		(70)		179
Total other comprehensive (loss) income components, net of tax	$	2,794	$	(1,833)

Summary of amounts reclassified out of each component of AOCI

		Amounts Reclassified from AOCI
	Affected Line Items	Three Months Ended
	in the Consolidated	March 31,
(in thousands)	Statements of Income	2019		2018
Cash Flow Hedges:
Interest rate swap on money market deposits	Interest benefit (expense) on deposits	$	8	$	(14)
Interest rate swap on FHLB advance	Interest benefit (expense) on FHLB advances		11		(12)
Total derivative losses on cash flow hedges	Total interest benefit (expense)		19		(26)
Tax effect	Income tax (benefit) expense		(4)		5
Net of tax	Net income	$	15	$	(21)

Summary of the AOCI balances, net of tax

			2019
(in thousands)	December 31, 2018		Change		March 31, 2019
Unrealized gain (loss) on AFS debt securities	$	(2,165)	$	2,891	$	726
Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings		1,078		(27)		1,051
Unrealized gain (loss) on cash flow hedges		90		(70)		20
Total unrealized (loss) gain	$	(997)	$	2,794	$	1,797

			2018
(in thousands)	December 31, 2017		Change		March 31, 2018
Unrealized loss on AFS debt securities	$	(604)	$	(2,011)	$	(2,615)
Unrealized gain (loss) on AFS debt security for which a portion of OTTI 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)