DERIVATIVES AND HEDGING ACTIVITIES - Fair Value Hedges Narrative (Details) - Fair value hedges - Designated as Hedging Instrument - USD ($) $ in Thousands |
12 Months Ended | |
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Dec. 31, 2023 |
Oct. 31, 2023 |
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DERIVATIVES AND HEDGING ACTIVITIES | ||
Clearing house related to the fair value derivatives | $ 6,500 | |
Interest Rate Swaps | ||
DERIVATIVES AND HEDGING ACTIVITIES | ||
Notional amount, liabilities | $ 500,000 | |
Average fixed interest rate | 4.82% | |
Mortgage loans - Amortized Cost | $ 729,500 | |
Last-of-layer in the open hedge relationship | 500,000 | |
Basis adjustment associated with the hedge | 6,600 | |
Interest income from swap transaction | $ 561 |
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- Definition Amount payable to other broker-dealer and clearing organization, including, but not limited to, security failed-to-receive, deposit received for security loaned, open transaction, and floor-brokerage payable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Average fixed interest rate related to the group of interest rate derivatives. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Nominal or face amount used to calculate payments on the derivative liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of asset hedged in portfolio layer hedging relationship, expected to be remaining at end of hedging relationship. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cumulative increase (decrease) in fair value of hedged asset in fair value hedge, attributable to hedged risk, in portfolio layer hedging relationship. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of increase (decrease) in interest income for hedge basis adjustment from hedged layer exceeding outstanding amount of closed portfolio of financial asset or beneficial interest secured by financial instrument. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amortized cost of closed portfolio of financial asset used to designate hedging relationship in which hedged item is expected to be outstanding for designated hedged period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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