INTEREST RATE DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2024

INTEREST RATE DERIVATIVES

Summary information for the interest rate swaps designated as cash flow hedges

Summary information for the interest rate swaps designated as cash flow hedges is as follows:

	As of or for the		As of or for the
	Nine Months Ended		Year Ended
(Dollars in thousands)	September 30, 2024		December 31, 2023
Notional Amounts	$	800,000	$	800,000
Weighted-average pay rate		2.28%		2.28%
Weighted-average receive rate		5.31%		5.03%
Weighted-average maturity		4.2 years		4.2 years
Weighted-average remaining maturity		1.6 years		2.4 years
Net interest income	$	16,017	$	5,246

Summary information for the interest rate caps designated as cash flow hedges is as follows:

	As of or for the		As of or for the
	Nine Months Ended		Year Ended
(Dollars in thousands)	September 30, 2024		December 31, 2023
Notional Amounts	$	50,000	$	50,000
Rate Cap Premiums		257		350
Cap Rate		2.50%		2.50%
Weighted-average maturity		5.0 years		5.0 years
Weighted-average remaining maturity		2.1 years		2.8 years
Net interest income	$	975	$	139