OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Mar. 31, 2020

OTHER COMPREHENSIVE INCOME

Summary of OCI components and related tax effects

	Three Months Ended
	March 31,
(in thousands)	2020		2019
Available-for-Sale Debt Securities:
Change in unrealized gain on AFS debt securities	$	7,777	$	3,659
Change in unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings		1		(33)
Net unrealized (losses) gains		7,778		3,626
Tax effect		(1,945)		(762)
Net of tax		5,833		2,864
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges		(161)		(69)
Reclassification amount for net derivative losses realized in income		29		(19)
Net unrealized gains		(132)		(88)
Tax effect		32		18
Net of tax		(100)		(70)
Total other comprehensive (loss) income components, net of tax	$	5,733	$	2,794

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	2020		2019
Cash Flow Hedges:
Interest rate swap on money market deposits	Interest benefit (expense) on deposits	$	(12)	$	8
Interest rate swap on FHLB advance	Interest benefit (expense) on FHLB advances		(17)		11
Total derivative gains (losses) on cash flow hedges	Total interest benefit (expense)		(29)		19
Tax effect	Income tax (benefit) expense		7		(4)
Net of tax	Net income	$	(22)	$	15

Summary of the AOCI balances, net of tax

			2020
(in thousands)	December 31, 2019		Change		March 31, 2020
Unrealized gain on AFS debt securities	$	2,211	$	5,832	$	8,043
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings		964		1		965
Unrealized loss on cash flow hedges		(77)		(100)		(177)
Total unrealized gain	$	3,098	$	5,733	$	8,831

			2019
(in thousands)	December 31, 2018		Change		March 31, 2019
Unrealized 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 gain (loss)	$	(997)	$	2,794	$	1,797