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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the terms and fair values of the Company’s derivative financial instruments as of June 30, 2022 and December 31, 2021. The notional amounts provide an indication of the extent of the Company’s involvement in these instruments at that time, but do not represent exposure to credit, interest rate or market risks (amounts presented in thousands).
Hedge ProductHedge TypeDesignationNotional AmountStrikeTrade DateMaturity DateFair value
6/30/202212/31/20216/30/202212/31/2021
Assets
SwapInterest RateCash Flow(a)$250,000 $250,000 2.868 %October 8, 2015October 8, 2022$415 $(2,461)
$250,000 $250,000 
(a)Hedging unsecured variable rate debt.