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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of information about derivative assets and liabilities
Information about derivative assets and liabilities at June 30, 2017, follows:

 
 
 
 
Weighted Average Maturity
 
Estimated Fair Value Asset (Liability)
 
 
Notional
Amount
 
 
 
 
(In thousands)
 
(In years)
 
(In thousands)
Cash flow hedges:
 
 

 
 
 
 

Interest rate caps agreements
 
$
90,000

 
5.6
 
$
950

Total cash flow hedges
 
90,000

 
5.6
 
950

 
 
 
 
 
 
 
Economic hedges:
 
 

 
 
 
 

Forward sale commitments
 
18,219

 
0.2
 
(231
)
Total economic hedges
 
18,219

 
0.2
 
(231
)
 
 
 
 
 
 
 
Non-hedging derivatives:
 
 

 
 
 
 

Interest rate lock commitments
 
14,636

 
0.2
 
(3
)
Total non-hedging derivatives
 
14,636

 
0.2
 
(3
)
 
 
 
 
 
 
 
Total
 
$
122,855

 
 
 
$
716


As of December 31, 2016, the Company had interest rate cap agreements totaling $90 million (notional amount), with a weighted average maturity of 6.1 years, and an estimated fair value of $1,748.


Information about derivative assets and liabilities for the three and six months ended June 30, 2017 and June 30, 2016, follows:

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Cash flow hedges:
 
 
 
 
 
 
 
 
Interest rate cap agreements
 
 
 
 
 
 
 
 
Realized in interest expense
 
$
55

 
$
8

 
$
94

 
$
11

 
 
 
 
 
 
 
 
 
Economic hedges:
 
 

 
 

 
 
 
 
Forward commitments
 
 

 
 

 
 
 
 
Realized loss in other non-interest income
 
(9
)
 
—

 
(87
)
 
—

 
 
 
 
 
 
 
 
 
Non-hedging derivatives:
 
  

 
 

 
  
 
 
Interest rate lock commitments
 
  

 
 

 
  
 
 
Realized loss in other non-interest income
 
(26
)
 
—

 
(24
)
 
—