DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of interest-rate swaps designated as cash flow hedges

Summary information about the interest-rate swaps designated as cash flow hedges as of period-end is as follows:

	2021			2020
	(Dollars in thousands)
Notional amounts	$	109,000		$	109,000
Weighted average pay rates	1.4577		%	1.4577		%
Weighted average receive rates	0.1950		%	0.2303		%
Weighted average maturity	6 years			6 years
Unrealized losses	$	(935)		$	(5,545)

Summary of effect of cash flow hedge accounting on AOCI

The effect of cash flow hedge accounting on accumulated other comprehensive income for the three months ended March 31, 2021 and March 31, 2020 are as follows:

			March 31, 2021
	Amount of Gain (Loss) Recognized in OCI (Net of Tax) on Derivative		Location of Gain (Loss) Reclassified from OCI into Income/(Expense)	Amount of Gain (Loss) Reclassified from OCI to Income/(Expense)
	(Dollars in thousands)
Interest rate contracts	$	(672)	Interest Expense	$	(338)

			March 31,2020
	Amount of Gain (Loss) Recognized in OCI (Net of Tax) on Derivative		Location of Gain (Loss) Reclassified from OCI into Income/(Expense)	Amount of Gain (Loss) Reclassified from OCI to Income/(Expense)
	(Dollars in thousands)
Interest rate contracts	$	(4,392)	Interest Expense	$	1