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DERIVATIVE INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Interest Rate Swaps
The fair values of the interest rate swap as of December 31, 2024 and 2023, were as follows (in thousands):
Aggregate
Notional
Amount
Effective DateFair Value
Derivative Assets (Liabilities)
December 31,
Derivative InstrumentMaturity Date20242023
Interest rate swap$75,000July 21, 2023January 10, 2025$14 $740 
Interest rate swap50,000 July 21, 2023January 10, 2025494 
Interest rate swap100,000 January 10, 2025January 10, 2026(624)— 
Interest rate swap50,000 January 10, 2025January 10, 2026(312)— 
$(913)$1,234 
Schedule of Net Unrealized Gain (Loss) in/from AOCL The gains or losses on the effective swaps are recognized in other comprehensive income, as follows (in thousands):
Year Ending December 31,
202420232022
Unrealized (loss) gain on interest rate hedges
$(2,147)$(764)$2,819 
The losses reclassified from Accumulated other comprehensive income into interest expense for the three years ended December 31, 2024, were as follows (in thousands):
Year Ending December 31,
202420232022
Loss reclassified from accumulated other comprehensive income (loss) into interest expense$2,039 $2,039 $2,039