DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021 and December 31, 2020:

(Dollars in thousands)	June 30, 2021			December 31, 2020
Notional amount	$	230,000		$	270,000
Weighted average pay rate		1.96	%		1.93	%
Weighted average receive rate		0.19	%		0.22	%
Weighted average maturity	1.43 years			2.02 years
Unrealized loss, net	$	(6,203	)	$	(9,616	)
Number of contracts		11			13

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 months and six months ended June 30, 2021 and 2020:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
(In thousands)	2021			2020			2021			2020
Interest rate contracts
Gain/(loss) recognized in OCI (effective portion)	$	1,411		$	121		$	2,454		$	(6,430	)
Gain/(loss) reclassified from OCI to interest expense		—			(7	)		—			(59	)
Gain/(loss) recognized in other noninterest income		(842	)		—			(842	)		—

Schedule of Cash Flow Hedges Included in Financial Statements

	June 30, 2021
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing deposits	$	230,000	$	(6,203	)
Total included in other assets		—		—
Total included in other liabilities		230,000		(6,203	)

	December 31, 2020
	Notional		Fair
(In thousands)	Amount		Value
Interest rate swaps related to interest-bearing deposits	$	270,000	$	(9,616	)
Total included in other assets		—		—
Total included in other liabilities		270,000		(9,616	)

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)	June 30, 2021			December 31, 2020
Notional amount	$	778,584		$	823,134
Fair value	$	51,855		$	79,529
Weighted average pay rates		4.05	%		4.02	%
Weighted average receive rates		1.88	%		1.91	%
Weighted average maturity	5.92 years			6.5 years
Number of contracts		92			95