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SHAREHOLDERS' EQUITY AND EARNINGS PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Actual and Required Capital Ratios
The Company and Bank’s actual and required capital amounts were as follows:
 
 
 
 
 
 
Minimum
Capital
Requirement
 
Minimum to be Well
Capitalized Under
Prompt Corrective
Action Provisions
 
 
Actual
 
 
(Dollars in thousands)
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
December 31, 2016
 
 

 
 

 
 

 
 

 
 

 
 

Company (Consolidated)
 
 

 
 

 
 

 
 

 
 

 
 

Total capital to risk-weighted assets
 
$
803,618

 
11.87
%
 
$
541,603

 
8.00
%
 
$
677,004

 
10.00
%
Common Equity Tier 1 Capital to risk weighted assets
 
670,120

 
9.90

 
304,652

 
4.50

 
440,053

 
6.50

Tier 1 capital to risk-weighted assets
 
681,500

 
10.07

 
406,202

 
6.00

 
541,603

 
8.00

Tier 1 capital to average assets
 
681,500

 
7.88

 
270,802

 
4.00

 
338,502

 
5.00

Bank
 
 

 
 

 
 

 
 

 
 

 
 

Total capital to risk-weighted assets
 
$
756,792

 
11.21
%
 
$
539,893

 
8.00
%
 
$
674,866

 
10.00
%
Common Equity Tier 1 Capital to risk weighted assets
 
672,244

 
9.96

 
303,690

 
4.50

 
438,663

 
6.50

Tier 1 capital to risk-weighted assets
 
672,244

 
9.96

 
404,920

 
6.00

 
539,893

 
8.00

Tier 1 capital to average assets
 
672,244

 
7.84

 
269,920

 
4.00

 
337,433

 
5.00

December 31, 2015
 
 

 
 

 
 

 
 

 
 

 
 

Company (Consolidated)
 
 

 
 

 
 

 
 

 
 

 
 

Total capital to risk-weighted assets
 
$
686,489

 
11.91
%
 
$
461,231

 
8.00
%
 
$
576,539

 
10.00
%
Common Equity Tier 1 Capital to risk weighted assets
 
564,878

 
9.80

 
259,443

 
4.50

 
374,750

 
6.50

Tier 1 capital to risk-weighted assets
 
573,033

 
9.94

 
345,924

 
6.00

 
461,231

 
8.00

Tier 1 capital to average assets
 
573,033

 
7.71

 
297,420

 
4.00

 
371,775

 
5.00

Bank
 
 

 
 

 
 

 
 

 
 

 
 

Total capital to risk-weighted assets
 
$
642,866

 
11.16
%
 
$
460,882

 
8.00
%
 
$
576,103

 
10.00
%
Common Equity Tier 1 Capital to risk weighted assets
 
569,131

 
9.88

 
259,246

 
4.50

 
374,467

 
6.50

Tier 1 capital to risk-weighted assets
 
569,131

 
9.88

 
345,662

 
6.00

 
460,882

 
8.00

Tier 1 capital to average assets
 
569,131

 
7.66

 
297,313

 
4.00

 
371,641

 
5.00
Schedule of Components of Accumulated Other Comprehensive Loss
Year-end components of accumulated other comprehensive income/(loss) are as follows:
(In thousands)
 
2016
 
2015
Other accumulated comprehensive income/(loss), before tax:
 
 

 
 

Net unrealized holding gain on AFS securities
 
$
25,176

 
$
6,316

Net (loss) on effective cash flow hedging derivatives
 
(6,573
)
 
(8,532
)
Net unrealized holding (loss) on pension plans
 
(2,954
)
 
(3,469
)
 
 
 
 
 
Income taxes related to items of accumulated other comprehensive income/(loss):
 
 

 
 

Net unrealized holding (gain) on AFS securities
 
(9,636
)
 
(2,437
)
Net loss on effective cash flow hedging derivatives
 
2,589

 
3,424

Net unrealized holding loss on pension plans
 
1,164

 
1,392

Accumulated other comprehensive income/(loss)
 
$
9,766

 
$
(3,305
)
Schedule of Components of Other Comprehensive Loss
The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2016, 2015, and 2014:
(In thousands)
 
Before Tax
 
Tax Effect
 
Net of Tax
Year Ended December 31, 2016
 
 

 
 

 
 

Net unrealized holding gain on AFS securities:
 
 

 
 

 
 

Net unrealized gain arising during the period
 
$
18,309

 
$
(6,979
)
 
$
11,330

Less: reclassification adjustment for (losses) realized in net income
 
(551
)
 
220

 
(331
)
Net unrealized holding gain on AFS securities
 
18,860

 
(7,199
)
 
11,661

 
 
 
 
 
 
 
Net loss on cash flow hedging derivatives:
 
 

 
 

 
 

Net unrealized (loss) arising during the period
 
(2,023
)
 
754

 
(1,269
)
Less: reclassification adjustment for (losses) realized in net income
 
(3,981
)
 
1,589

 
(2,392
)
Net gain on cash flow hedging derivatives
 
1,958

 
(835
)
 
1,123

 
 
 
 
 
 
 
Net unrealized holding gain on pension plans
 
 

 
 

 
 

Net unrealized gain arising during the period
 
351

 
(155
)
 
196

Less: reclassification adjustment for losses realized in net income
 
164

 
(73
)
 
91

Net unrealized holding gain on pension plans
 
515

 
(228
)
 
287

Other Comprehensive Income
 
$
21,333

 
$
(8,262
)
 
$
13,071

(In thousands)
 
Before Tax
 
Tax Effect
 
Net of Tax
Year Ended December 31, 2015
 
 

 
 

 
 

Net unrealized holding (loss) on AFS securities:
 
 

 
 

 
 

Net unrealized (loss) arising during the period
 
$
(7,567
)
 
$
2,793

 
$
(4,774
)
Less: reclassification adjustment for gains realized in net income
 
2,110

 
(847
)
 
1,263

Net unrealized holding (loss) on AFS securities
 
(9,677
)
 
3,640

 
(6,037
)
 
 
 
 
 
 
 
Net (loss) on cash flow hedging derivatives:
 
 

 
 

 
 

Net unrealized (loss) arising during the period
 
(5,232
)
 
2,094

 
(3,138
)
Less: reclassification adjustment for (losses) realized in net income
 
—

 
—

 
—

Net (loss) on cash flow hedging derivatives
 
(5,232
)
 
2,094

 
(3,138
)
 
 
 
 
 
 
 
Net unrealized holding (loss) on pension plans
 
 

 
 

 
 

Net unrealized (loss) arising during the period
 
(1,436
)
 
572

 
(864
)
Less: reclassification adjustment for (losses) gains realized in net income
 
(259
)
 
104

 
(155
)
Net unrealized holding (loss) on pension plans
 
(1,177
)
 
468

 
(709
)
Other Comprehensive Loss
 
$
(16,086
)
 
$
6,202

 
$
(9,884
)

(In thousands)
 
Before Tax
 
Tax Effect
 
Net of Tax
Year Ended December 31, 2014
 
 

 
 

 
 

Net unrealized holding gain on AFS securities:
 
 

 
 

 
 

Net unrealized gain arising during the period
 
$
25,769

 
$
(9,791
)
 
$
15,978

Less: reclassification adjustment for gains realized in net income
 
482

 
(196
)
 
286

Net unrealized holding gain on AFS securities
 
25,287

 
(9,595
)
 
15,692

 
 
 
 
 
 
 
Net (loss) on cash flow hedging derivatives:
 
 

 
 

 
 

Net unrealized (loss) arising during the period
 
(6,403
)
 
2,608

 
(3,795
)
Less: reclassification adjustment for (losses) realized in net income
 
(5,393
)
 
2,201

 
(3,192
)
Net (loss) on cash flow hedging derivatives
 
(1,010
)
 
407

 
(603
)
 
 
 
 
 
 
 
Net loss on terminated swap:
 
 

 
 

 
 

Net unrealized (loss) arising during the period
 
—

 
—

 
—

Less: reclassification adjustment for (losses) realized in net income
 
(3,237
)
 
1,312

 
(1,925
)
Net loss on terminated swap
 
3,237

 
(1,312
)
 
1,925

 
 
 
 
 
 
 
Net unrealized holding (loss) on pension plans
 
 

 
 

 
 

Net unrealized (loss) arising during the period
 
(2,308
)
 
930

 
(1,378
)
Less: reclassification adjustment for gains (losses) realized in net income
 
—

 
—

 
—

Net unrealized holding (loss) on pension plans
 
(2,308
)
 
930

 
(1,378
)
Other Comprehensive Income
 
$
25,206

 
$
(9,570
)
 
$
15,636
Schedule of Gross Changes in Each Component of Accumulated Other Comprehensive Income
The following table presents the changes in each component of accumulated other comprehensive income (loss), for the years ended December 31, 2016, 2015, and 2014:
(in thousands)
 
Net unrealized holding gain (loss) on AFS Securities
 
Net loss on effective cash flow hedging derivatives
 
Net loss on terminated swap
 
Net unrealized holding gain (loss) on pension plans
 
Total
Year Ended December 31, 2016
 
 

 
 

 
 
 
 

 
 

Balance at Beginning of Year
 
$
3,880

 
$
(5,108
)
 
$
—

 
$
(2,077
)
 
$
(3,305
)
Other Comprehensive Gain (Loss) before reclassifications
 
11,330

 
(1,269
)
 
—

 
196

 
10,257

Amounts Reclassified from Accumulated other comprehensive income
 
(331
)
 
(2,392
)
 
—

 
(91
)
 
(2,814
)
Total Other Comprehensive Income
 
11,661

 
1,123

 
—

 
287

 
13,071

Balance at End of Period
 
$
15,541

 
$
(3,985
)
 
$
—

 
$
(1,790
)
 
$
9,766

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2015
 
 

 
 

 
 

 
 

 
 

Balance at Beginning of Year
 
$
9,916

 
$
(1,969
)
 
$
—

 
$
(1,368
)
 
$
6,579

Other Comprehensive (Loss) before reclassifications
 
(4,774
)
 
(3,138
)
 
—

 
(864
)
 
(8,776
)
Amounts Reclassified from Accumulated other comprehensive income
 
1,263

 
—

 
—

 
(155
)
 
1,108

Total Other Comprehensive Loss
 
(6,037
)
 
(3,138
)
 
—

 
(709
)
 
(9,884
)
Balance at End of Period
 
$
3,880

 
$
(5,108
)
 
$
—

 
$
(2,077
)
 
$
(3,305
)
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2014
 
 

 
 

 
 

 
 

 
 

Balance at Beginning of Year
 
$
(5,776
)
 
$
(1,366
)
 
$
(1,925
)
 
$
10

 
$
(9,057
)
Other Comprehensive Gain (Loss) Before reclassifications
 
15,978

 
(3,795
)
 
—

 
(1,378
)
 
10,805

Amounts Reclassified from Accumulated other comprehensive income
 
286

 
(3,192
)
 
(1,925
)
 
—

 
(4,831
)
Total Other Comprehensive Income
 
15,692

 
(603
)
 
1,925

 
(1,378
)
 
15,636

Balance at End of Period
 
$
9,916

 
$
(1,969
)
 
$
—

 
$
(1,368
)
 
$
6,579
Schedule of Amounts Reclassified out of Each Component of Accumulated Other Comprehensive Income
The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2016, 2015, and 2014:
 
 
 
 
 
 
 
 
Affected Line Item in the
Statement Where Net Income
Is Presented
 
 
Years Ended December 31,
 
(in thousands)
 
2016
 
2015
 
2014
 
Realized (losses) gains on AFS securities:
 
 
$
(551
)
 
$
2,110

 
$
482

 
Non-interest income
 
 
220

 
(847
)
 
(196
)
 
Tax expense
 
 
(331
)
 
1,263

 
286

 
 
Realized (losses) on cash flow hedging derivatives:
 
 
(3,981
)
 
—

 
(5,393
)
 
Interest income
 
 
1,589

 
—

 
2,201

 
Tax expense
 
 
(2,392
)
 
—

 
(3,192
)
 
 
Amortization of realized (losses) on terminated swap:
 
 
—

 
—

 
(3,237
)
 
Interest income
 
 
—

 
—

 
1,312

 
Tax expense
 
 
—

 
—

 
(1,925
)
 
 
Realized (losses) on pension plans
 
 
 
 
 
 
 
 
 
 
164

 
(259
)
 
—

 
Non-interest expense
 
 
(73
)
 
104

 
—

 
Tax expense
 
 
91

 
(155
)
 
—

 
 
Total reclassifications for the period
 
$
(2,632
)
 
$
1,108

 
$
(4,831
)
 
 
Schedule of Earnings Per Share
Earnings per common share has been computed based on the following (average diluted shares outstanding is calculated using the treasury stock method):
 
 
Years Ended December 31,
(In thousands, except per share data)
 
2016
 
2015
 
2014
Net income
 
$
58,670

 
$
49,518

 
$
33,744

 
 
 
 
 
 
 
Average number of common shares issued
 
32,604

 
30,074

 
26,525

Less: average number of treasury shares
 
1,116

 
1,215

 
1,386

Less: average number of unvested stock award shares
 
500

 
466

 
409

Average number of basic common shares outstanding
 
30,988

 
28,393

 
24,730

Plus: dilutive effect of unvested stock award shares
 
122

 
106

 
67

Plus: dilutive effect of stock options outstanding
 
57

 
65

 
57

Average number of diluted common shares outstanding
 
31,167

 
28,564

 
24,854

 
 
 
 
 
 
 
Basic earning per share
 
$
1.89

 
$
1.74

 
$
1.36

 
 
 
 
 
 
 
Diluted earnings per share
 
$
1.88

 
$
1.73

 
$
1.36