DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Notional Balance and Fair Values of Derivatives Outstanding

The following table shows the notional balances and fair values (including net accrued interest) of the derivatives outstanding by derivative type at September 30, 2020, and December 31, 2019.

	September 30, 2020							December 31, 2019
	Notional Amount		Derivative Assets		Derivative Liabilities			Notional Amount		Derivative Assets		Derivative Liabilities
Derivatives designated as hedging instruments:
Interest rate swaps	$	5,640	$	—	$	561		$	5,797	$	30	$	177
Total derivatives designated as hedging relationships		5,640		—		561			5,797		30		177
Derivatives not designated as hedging instruments:
Interest rate swaps		120,015		7,937		8,738			114,571		3,505		3,899
Interest rate caps/floors		—		—		—			—		—		—
Total derivatives not designated as hedging    instruments		120,015		7,937		8,738			114,571		3,505		3,899
Total	$	125,655		7,937		9,299		$	120,368		3,535		4,076
Cash collateral				—		(9,401	)				—		(4,186	)
Netting adjustments				102		102					182		182
Net amount presented in Balance Sheet			$	8,039	$	—				$	3,717	$	72

Summary of Designated and Qualifying Hedged Items in Fair Value Hedges

 The table below lists designated and qualifying hedged items in fair value hedges at September 30, 2020.

	September 30, 2020
	Carrying Amount		Hedging Fair Value Adjustment		Fair Value Adjustments on Discontinued Hedges
Commercial real estate loans	$	5,640	$	555	$	—
Total	$	5,640	$	555	$	—

Summary of Net Gains/ (Losses) on Derivatives and Hedging Activities

For the three and nine-month periods ended September 30, 2020, and 2019, the Company recorded net gains/(losses) on derivatives and hedging activities.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2020		2019			2020			2019
Derivatives designated as hedging instruments:
Interest rate swaps	$	—	$	—		$	—		$	—
Total net gain (loss) related to fair value hedges		—		—			—			—
Derivatives not designated as hedging instruments:
Economic hedges:
Interest rate swaps		77		(180	)		(407	)		(501	)
Interest rate caps/floors		—		—			—			(1	)
Total net gains (losses) related to derivatives not    designated as hedging instruments		77		(180	)		(407	)		(502	)
Net gains (losses) on derivatives and hedging activities	$	77	$	(180	)	$	(407	)	$	(502	)

Summary of Recorded Net Gains (Losses) on Derivatives and Related Hedged Items in Fair Value Hedging Relationships

The following table shows the recorded net gains (losses) on derivatives and the related hedged items in fair value hedging relationships and the impact of those derivatives on the Company’s net interest income for the three-month periods ended September 30, 2020, and 2019.

	September 30, 2020
	Gain/(Loss) on Derivatives		Gain/(Loss) on Hedged Items			Net Fair Value Hedge Gain/(Loss)		Effect of Derivatives on Net Interest Income
Commercial real estate loans	$	27	$	(27	)	$	—	$	(28	)
Total	$	27	$	(27	)	$	—	$	(28	)

	September 30, 2019
	Gain/(Loss) on Derivatives		Gain/(Loss) on Hedged Items			Net Fair Value Hedge Gain/(Loss)		Effect of Derivatives on Net Interest Income
Commercial real estate loans	$	307	$	(307	)	$	—	$	2
Total	$	307	$	(307	)	$	—	$	2

The following table shows the recorded net gains (losses) on derivatives and the related hedged items in fair value hedging relationships and the impact of those derivatives on the Company’s net interest income for the nine-month periods ended September 30, 2020, and 2019.

	September 30, 2020
	Gain/(Loss) on Derivatives			Gain/(Loss) on Hedged Items		Net Fair Value Hedge Gain/(Loss)		Effect of Derivatives on Net Interest Income
Commercial real estate loans	$	(409	)	$	409	$	—	$	(61	)
Total	$	(409	)	$	409	$	—	$	(61	)

	September 30, 2019
	Gain/(Loss) on Derivatives			Gain/(Loss) on Hedged Items		Net Fair Value Hedge Gain/(Loss)		Effect of Derivatives on Net Interest Income
Commercial real estate loans	$	(489	)	$	489	$	—	$	21
Total	$	(489	)	$	489	$	—	$	21