DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2020

DERIVATIVES

Schedule of derivative position gross on the balance sheet

The following table reflects the derivatives recorded on the balance sheet at December 31, 2020 (in thousands):

At December 31, 2020		Amount of Loss Recognized in OCI, net of tax		Location of Gain (Loss) Reclassified from OCI into Income		Amount of Gain (Loss) Reclassified from OCI into Income
Interest rate caps related to customer deposits	$	1,311	$	N/A	$	—

Schedule of effect of cash flow hedge accounting on accumulated other comprehensive income

The effect of cash flow hedge accounting on accumulated other comprehensive income at December 31, 2020 is as follows (in thousands):

At December 31, 2020		Notional Amount		Fair Value
Derivatives designated as hedges:
Interest rate caps related to customer deposits	$	300,000	$	770
Total included in Other Assets	$	300,000	$	770