DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2020

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 September 30, 2020 and December 31, 2019:

(Dollars in thousands)	September 30, 2020			December 31, 2019
Notional amount	$	270,000		$	245,000
Weighted average pay rate		1.93	%		2.05	%
Weighted average receive rate		0.22	%		1.83	%
Weighted average maturity	2.27 years			2.45 years
Unrealized gain, net	$	(11,001	)	$	(3,667	)
Number of contracts		13			12

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

The following table presents the net gain/(loss) recorded in accumulated other comprehensive income/(loss) and the consolidated financial statements relating to the cash flow derivative instruments for the three and nine months ended September 30, 2020 and 2019:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
(In thousands)	2020			2019			2020			2019
Interest rate contracts
Gain/(loss) recognized in OCI (effective portion)	$	1,026		$	(808	)	$	(5,404	)	$	(3,971	)
Gain/(loss) reclassified from OCI to interest expense		(4	)		56			(63	)		99
Gain/(loss) recognized in other non-interest expense (ineffective portion)		—			—			—			—

Schedule of Notional Amount and Fair Value

	September 30, 2020
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing deposits and FHLB advances	$	270,000	$	(11,001	)
Total included in other assets		—		—
Total included in other liabilities		270,000		(11,001	)

	December 31, 2019
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing deposits	$	245,000	$	(3,667	)
Total included in other assets		70,000		121
Total included in other liabilities		175,000		(3,788	)

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)	September 30, 2020			December 31, 2019
Notional amount	$	853,532		$	793,875
Fair value	$	92,238		$	32,381
Weighted average pay rates		4.02	%		4.12	%
Weighted average receive rates		1.92	%		3.54	%
Weighted average maturity	6.7 years			7.3 years
Number of contracts		98			91