DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Cap Derivatives

The following table summarizes the terms of the Company’s interest rate cap agreement as of December 31, 2023 (dollar amounts in thousands):

		Outstanding Notional					Fair Value of Assets as of
	Balance Sheet	Amount as of		Strike	Effective	Maturity	December 31,
	Location	December 31, 2023		Rates (1)	Date	Date	2023
Interest Rate Cap	Other assets	$	87,000	4.5%	5/03/2023	7/07/2025	$	491

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(1)The index used for the Company’s interest rate cap agreement is 1-Month Term SOFR.