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COMMITMENTS, CONTINGENCIES AND DERIVATIVES (Tables) | 3 Months Ended
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Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract] |
Summary of Contractual and Notional Amounts of Financial Instruments | The following is a summary of the contractual and notional amounts of the Company’s financial instruments:
| March 31, 2017 |  | December 31, 2016
Lending-Related Instruments: |  |  |  |  |
Loan origination commitments and unadvanced lines of credit: |  |  |  |  |
Home equity | $ | 464,909 |  |  | $ | 454,225 |
Commercial and commercial real estate | 56,515 |  |  | 83,103 |
Residential | 30,949 |  |  | 17,795 |
Letters of credit | 2,858 |  |  | 2,580 |
Other commitments | 428 |  |  | 432 |
Derivative Financial Instruments: |  |  |  |
Customer loan swaps | $ | 557,798 |  |  | $ | 532,526 |
FHLBB advance interest rate swaps | 50,000 |  |  | 50,000 |
Junior subordinated debt interest rate swaps | 43,000 |  |  | 43,000 |
Interest rate lock commitments | 18,821 |  |  | 15,249 |
Forward delivery commitments | 5,715 |  |  | 15,125 |
Summary of Derivative Financial Instruments | The following table presents the total positions, notional and fair value of the Company's customer loans swaps with its commercial customers and the corresponding interest rate swap agreements with counterparty for the periods indicated:
|  |  |  | March 31, 2017 |  | December 31, 2016
|  | Balance Sheet Location |  | Number of Positions |  | Notional |  | Fair Value |  | Number of Positions |  | Notional |  | Fair Value
Receive fixed, pay variable |  | Other assets / (accrued interest and other liabilities) |  | 31 |  |  | $ | 157,291 |  |  | $ | (4,683 | ) |  | 50 |  |  | $ | 266,263 |  |  | $ | (1,945 | )
Receive fixed, pay variable |  | Other assets / (accrued interest and other liabilities) |  | 23 |  |  | 121,608 |  |  | 1,877 |  |  | — |  |  | — |  |  | — |
Pay fixed, receive variable |  | Other assets / (accrued interest and other liabilities) |  | 54 |  |  | 278,899 |  |  | 2,806 |  |  | 50 |  |  | 266,263 |  |  | 1,945 |
Total |  |  |  | 108 |  |  | $ | 557,798 |  |  | $ | — |  |  | 100 |  |  | $ | 532,526 |  |  | $ | — |
The details of the junior subordinated debt interest rate swaps for the periods indicated were as follows:
|  |  |  |  |  |  |  |  |  | March 31, 2017 |  | December 31, 2016
Notional Amount |  | Trade Date |  | Maturity Date |  | Variable Index Received |  | Fixed Rate Paid |  | Fair Value(1) |  | Fair Value(1)
$ | 10,000 |  |  | 3/18/2009 |  | 6/30/2021 |  | 3-Month USD LIBOR |  | 5.09% |  | $ | (733 | ) |  | $ | (806 | )
10,000 |  |  | 7/8/2009 |  | 6/30/2029 |  | 3-Month USD LIBOR |  | 5.84% |  | (2,214 | ) |  | (2,321 | )
10,000 |  |  | 5/6/2010 |  | 6/30/2030 |  | 3-Month USD LIBOR |  | 5.71% |  | (2,186 | ) |  | (2,290 | )
5,000 |  |  | 3/14/2011 |  | 3/30/2031 |  | 3-Month USD LIBOR |  | 5.75% |  | (1,160 | ) |  | (1,211 | )
8,000 |  |  | 5/4/2011 |  | 7/7/2031 |  | 3-Month USD LIBOR |  | 5.56% |  | (1,665 | ) |  | (1,744 | )
$ | 43,000 |  |  |  |  |  |  |  |  |  |  | $ | (7,958 | ) |  | $ | (8,372 | )
The details of the FHLBB advance interest rate swaps for the periods indicated were as follows:
|  |  |  |  |  |  |  |  |  | March 31, 2017 |  | December 31, 2016
Notional Amount |  | Trade Date |  | Maturity Date |  | Variable Index Received |  | Fixed Rate Paid |  | Fair Value(1) |  | Fair Value(1)
$ | 25,000 |  |  | 2/25/2015 |  | 2/25/2018 |  | 1-Month USD LIBOR |  | 1.54% |  | $ | (74 | ) |  | $ | (152 | )
25,000 |  |  | 2/25/2015 |  | 2/25/2019 |  | 1-Month USD LIBOR |  | 1.74% |  | (134 | ) |  | (237 | )
$ | 50,000 |  |  |  |  |  |  |  |  |  |  | $ | (208 | ) |  | $ | (389 | )
(1) | Presented within accrued interest and other liabilities on the consolidated statements of condition.
Schedule of Interest Rate Derivatives | ur pipeline of mortgage loans with fixed-rate interest rate lock commitments were as follows for the periods indicated:
|  |  |  | March 31, 2017 |  | December 31, 2016
|  | Balance Sheet Location |  | Notional |  | Fair Value |  | Notional |  | Fair Value
Fixed-rate mortgage interest rate locks |  | Other Assets |  | $ | 14,342 |  |  | $ | 219 |  |  | $ | 12,310 |  |  | $ | 202 |
Fixed-rate mortgage interest rate locks |  | Accrued interest and other liabilities |  | 4,479 |  |  | (44 | ) |  | 2,939 |  |  | (15 | )
Total |  |  |  | $ | 18,821 |  |  | $ | 175 |  |  | $ | 15,249 |  |  | $ | 187 |
Forward Delivery Commitments | The Company's forward delivery commitments on loans held for sale was as follows for the periods indicated:
|  |  |  | March 31, 2017 |  | December 31, 2016
|  | Balance Sheet Location |  | Notional |  | Fair Value |  | Notional |  | Fair Value
Forward delivery commitments ("best-effort") |  | Other Assets |  | $ | 5,715 |  |  | $ | 160 |  |  | $ | 14,250 |  |  | $ | 587 |
Forward delivery commitments ("best-effort") |  | Accrued interest and other liabilities |  | — |  |  | — |  |  | 875 |  |  | (309 | )
Total |  |  |  | $ | 5,715 |  |  | $ | 160 |  |  | $ | 15,125 |  |  | $ | 278 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The table below presents the effect of the Company’s derivative financial instruments included in OCI and current earnings for the periods indicated:
|  | For The Three Months Ended March 31,
|  | 2017 |  | 2016
Derivatives designated as cash flow hedges: |  |  |  |
Effective portion of unrealized gains (losses) recognized within AOCI during the period, net of tax |  | $ | 90 |  |  | $ | (2,342 | )
Net reclassification adjustment for effective portion of cash flow hedges included in interest expense, gross(1) |  | $ | 455 |  |  | $ | 365 |
(1) Reclassified into the consolidated statements of income within interest on subordinated debentures.

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