DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 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:

	September 30, 2021			December 31, 2020
	(Dollars in thousands)
Notional amounts	$	109,000		$	109,000
Weighted average pay rates	1.4577		%	1.4577		%
Weighted average receive rates	0.1241		%	0.2303		%
Weighted average maturity	5.5 Years			6.0 years
Unrealized losses	$	(1,520)		$	(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 and nine months ended September 30, 2021 and September 30, 2020 are as follows:

	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)
	(In thousands)
Three months ended September 30, 2021
Interest rate contracts	$	474	Interest Expense	$	(368)
Nine Months Ended September 30, 2021
Interest rate contracts	$	2,893	Interest Expense	$	(1,059)
Three months ended September 30, 2020
Interest rate contracts	$	296	Interest Expense	$	(317)
Nine months ended September 30, 2020
Interest rate contracts	$	(4,410)	Interest Expense	$	(413)