DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Information about Interest Rate Swaps Designated as Cash Flow Hedges

The following table presents information about the interest rate swaps designated as cash flow hedges as of December 31, 2023 and December 31, 2022:

(Dollars in thousands)	2023			2022
Notional amount	$	310,000		$	290,000
Weighted average pay rate		2.22	%		1.71	%
Weighted average receive rate		4.14	%		2.78	%
Weighted average maturity	2.98 years			2.01 years
Unrealized gain/(loss), net	$	6,814		$	3,290
Number of contracts		12			12

Schedule of Net Gains/(Losses) Recorded in Accumulated Other Comprehensive Income

The following table presents the net gains/(losses) recorded in accumulated other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments for the year ended December 31:

(In thousands)	2023			2022
Interest rate contracts
Gain/(loss) recognized in other comprehensive income (effective portion)	$	(2,391	)	$	12,884
Gain/(loss) reclassified from other comprehensive income to interest expense		—			—
Gain/(loss) recognized in other noninterest income		84			116

Schedule of Cash Flow Hedges Included in Financial Statements

	December 31, 2023
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing    deposits	$	310,000	$	6,814
Total included in other assets	$	310,000	$	6,814
Total included in other liabilities		—		—

	December 31, 2022
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing    deposits	$	290,000	$	3,290
Total included in other assets		290,000		3,290
Total included in other liabilities		—		—

Not Designated as Hedging Instrument [Member]

Schedule of Information about Interest Rate Swaps Designated as Cash Flow Hedges

Information about these swaps is as follows:

(Dollars in thousands)	December 31, 2023			December 31, 2022
Notional amount	$	545,983		$	612,211
Fair value	$	(22,452	)	$	(37,173	)
Weighted average pay rates		3.95	%		3.99	%
Weighted average receive rates		7.09	%		6.14	%
Weighted average maturity	3.93 years			4.68 years
Number of contracts		71			78