CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2018

Stockholders' Equity Note [Abstract]

Schedule of Actual and Required Capital Ratios

The actual and required capital ratios were as follows:



	March 31, 2018		Regulatory Minimum to be Well Capitalized		December 31, 2017		Regulatory Minimum to be Well Capitalized
Company (consolidated)
Total capital to risk weighted assets	12.8	%	N/A		12.4	%	N/A
Common equity tier 1 capital to risk weighted assets	11.3		N/A		11.0		N/A
Tier 1 capital to risk weighted assets	11.5		N/A		11.2		N/A
Tier 1 capital to average assets	9.0		N/A		9.0		N/A

Bank
Total capital to risk weighted assets	12.0	%	8.0	%	11.2	%	8.0	%
Common equity tier 1 capital to risk weighted assets	11.1		4.5		10.3		4.5
Tier 1 capital to risk weighted assets	11.1		6.0		10.3		6.0
Tier 1 capital to average assets	8.7		4.0		8.3		4.0

Schedule of Components of Accumulated Other Comprehensive Income

Components of accumulated other comprehensive income is as follows:



(In thousands)	March 31, 2018			December 31, 2017
Other accumulated comprehensive income, before tax:
Net unrealized holding loss on AFS securities	$	(17,507	)	$	10,034
Net unrealized holding loss on pension plans	(3,048		)	(3,048		)

Income taxes related to items of accumulated other comprehensive income:
Net unrealized holding gain on AFS securities	4,325			(4,026		)
Net unrealized holding loss on pension plans	803			1,201
Accumulated other comprehensive (loss)/income	$	(15,427	)	$	4,161

Schedule of Components of Other Comprehensive Income

The following table presents the components of other comprehensive income for the three months ended March 31, 2018 and 2017:



(In thousands)	Before Tax			Tax Effect			Net of Tax
Three Months Ended March 31, 2018
Net unrealized holding (loss) on AFS securities:	x
Net unrealized (losses) arising during the period	$	(19,162	)	$	4,931		$	(14,231	)
Less: reclassification adjustment for losses realized in net income	—			—			—
Net unrealized holding (loss) on AFS securities	(19,162		)	4,931			(14,231		)
Other comprehensive (loss)	$	(19,162	)	$	4,931		$	(14,231	)
Less: reclassification related to adoption of ASU 2016-01	8,379			(2,126		)	6,253
Less: reclassification related to adoption of ASU 2018-02	—			(896		)	(896		)
Total change to accumulated other comprehensive (loss)	(27,541		)	7,953			(19,588		)

Three Months Ended March 31, 2017
Net unrealized holding gain on AFS securities:
Net unrealized gains arising during the period	$	3,137		$	(1,173	)	$	1,964
Less: reclassification adjustment for gains realized in net income	12,570			(4,713		)	7,857
Net unrealized holding (loss) on AFS securities	(9,433		)	3,540			(5,893		)

Net unrealized loss on cash flow hedging derivatives:
Net unrealized (loss) arising during the period	(449		)	180			(269		)
Less: reclassification adjustment for (losses) realized in net income	(7,022		)	2,768			(4,254		)
Net unrealized gain on cash flow hedging derivatives	6,573			(2,588		)	3,985
Other comprehensive (loss)	$	(2,860	)	$	952		$	(1,908	)

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 three months ended March 31, 2018 and 2017:



(In thousands)	Net unrealized holding gain on AFS Securities			Net loss on effective cash flow hedging derivatives			Net unrealized holding loss on pension plans			Total
Three Months Ended March 31, 2018
Balance at Beginning of Period	$	6,008		$	—		$	(1,847	)	$	4,161
Other comprehensive loss before reclassifications	(14,231		)	—			—			(14,231		)
Less: amounts reclassified from accumulated other comprehensive income (loss)	—			—			—			—
Total other comprehensive loss	(14,231		)	—			—			(14,231		)
Less: amounts reclassified from accumulated other comprehensive income (loss) related to adoption of ASU 2016-01 and ASU 2018-02	$	4,959		$	—		$	398		$	5,357
Balance at End of Period	$	(13,182	)	$	—		$	(2,245	)	$	(15,427	)

Three Months Ended March 31, 2017
Balance at Beginning of Period	$	15,541		$	(3,985	)	$	(1,790	)	$	9,766
Other comprehensive (loss) gain before reclassifications	1,964			(269		)	—			1,695
Less: amounts reclassified from accumulated other comprehensive income (loss)	7,857			(4,254		)	—			3,603
Total other comprehensive (loss) income	(5,893		)	3,985			—			(1,908		)
Balance at End of Period	$	9,648		$	—		$	(1,790	)	$	7,858

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 three months ended March 31, 2018 and 2017:



						Affected Line Item in the
	Three Months Ended March 31,					Statement where Net Income
(In thousands)	2018		2017			is Presented
Realized gains on AFS securities:
	$	—	$	12,570		Non-interest income
	—		(4,713		)	Tax expense
	—		7,857			Net of tax

Realized (losses) on cash flow hedging derivatives:
	—		(393		)	Interest expense
	—		(6,629		)	Non-interest expense
	—		2,768			Tax benefit
	—		(4,254		)	Net of tax

Realized gains on pension plans:
	—		—			Non-interest income
	—		—			Tax expense
	—		—			Net of tax

Total reclassifications for the period	$	—	$	3,603		Net of tax