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	13.9	%	10.5	%	13.7	%	10.5	%
Common equity tier 1 capital to risk weighted assets	11.4		6.5		11.3		6.5
Tier 1 capital to risk weighted assets	12.3		8.0		12.2		8.0
Tier 1 capital to average assets	8.2		5.0		8.1		5.0

Bank
Total capital to risk weighted assets	13.7	%	10.5	%	13.7	%	10.5	%
Common equity tier 1 capital to risk weighted assets	12.9		6.5		12.9		6.5
Tier 1 capital to risk weighted assets	12.9		8.0		12.9		8.0
Tier 1 capital to average assets	8.6		5.0		8.6		5.0

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 (loss), before tax:
Net unrealized loss on AFS securities	$	(13,443	)	$	(2,741	)
Net unrealized loss on effective cash flow hedging derivatives	(2,934		)	(3,588		)
Net unrealized loss on post-retirement plans	(905		)	(946		)

Income taxes related to items of accumulated other comprehensive loss:
Net unrealized loss on AFS securities	3,211			1,030
Net unrealized loss on effective cash flow hedging derivatives	698			1,338
Net unrealized loss on post-retirement plans	217			353
Accumulated other comprehensive loss	$	(13,156	)	$	(4,554	)

Schedule of Components of Other Comprehensive Income

The following table presents the components of other comprehensive income (loss) 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 gain on AFS securities:
Net unrealized gain arising during the period	$	(10,702	)	$	2,550		$	(8,152	)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized gain on AFS securities	(10,702		)	2,550			(8,152		)

Net unrealized loss on derivative hedges:
Net unrealized loss arising during the period	654			(155		)	499
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized loss on derivative hedges	654			(155		)	499

Net unrealized loss on post-retirement plans:
Net unrealized loss arising during the period	41			(10		)	31
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized loss on post-retirement plans	41			(10		)	31
Other comprehensive loss	$	(10,007	)	$	2,385		$	(7,622	)

Three Months Ended March 31, 2017
Net unrealized gain on AFS securities:
Net unrealized gain arising during the period	$	1,116		$	(348	)	$	768
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized gain on AFS securities	1,116			(348		)	768

Net unrealized loss on derivative hedges:
Net unrealized loss arising during the period	(223		)	83			(140		)
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized loss on derivative hedges	(223		)	83			(140		)

Net unrealized loss on post-retirement plans:
Net unrealized loss arising during the period	57			(21		)	36
Less: reclassification adjustment for gains (losses) realized in net income	—			—			—
Net unrealized loss on post-retirement plans	57			(21		)	36
Other comprehensive income (loss)	$	950		$	(286	)	$	664

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	$	(1,713	)	$	(2,250	)	$	(591	)	$	(4,554	)
Other comprehensive gain/(loss) before reclassifications	(8,152		)	499			31			(7,622		)
Less: amounts reclassified from accumulated other comprehensive income for ASU 2018-02	(367		)	(485		)	(128		)	(980		)
Total other comprehensive loss	(8,519		)	14			(97		)	(8,602		)
Balance at end of period	$	(10,232	)	$	(2,236	)	$	(688	)	$	(13,156	)

Three Months Ended March 31, 2017
Balance at beginning of period	$	(2,125	)	$	(1,798	)	$	(403	)	$	(4,326	)
Other comprehensive gain/(loss) before reclassifications	768			(140		)	36			664
Less: amounts reclassified from accumulated other comprehensive income	—			—			—			—
Total other comprehensive loss	768			(140		)	36			664
Balance at end of period	$	(1,357	)	$	(1,938	)	$	(367	)	$	(3,662	)