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DERIVATIVE INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Interest Rate Swaps
The fair values of the interest rate swaps as of June 30, 2024 and December 31, 2023, were as follows (in thousands):
Fair Value
Derivative Assets (Liabilities)
Derivative InstrumentAggregate Notional AmountEffective DateMaturity DateJune 30, 2024December 31, 2023
Interest rate swap$75,000 July 21, 2023January 10, 2025$587 $740 
Interest rate swap50,000 July 21, 2023January 10, 2025392 494 
Interest rate swap100,000 January 10, 2025January 10, 2026(305)— 
Interest rate swap50,000 January 10, 2025January 10, 2026(153)— 
$521 $1,234 
Schedule of Net Unrealized Gain (Loss) in/from AOCL The net unrealized gains and losses on the effective swaps were recognized in Other comprehensive income (loss), as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Unrealized (loss) gain on interest rate hedges$(796)$854 $(713)$521 
The losses reclassified from Accumulated other comprehensive loss into interest expense for the three and six months ended June 30, 2024 and 2023, were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Loss reclassified from accumulated other comprehensive loss into interest expense$510 $509 $1,020 $1,019