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DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of the location of all assets and liabilities associated with derivative instruments within the consolidated balance sheets

The following tables present the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheets as of the dates presented:

Derivative Financial Instruments Not Designated as Hedging Instruments												Asset Derivatives												Liability Derivatives
												Fair Value at												Fair Value at
(dollars in thousands)						Balance Sheet Location						September 30, 2023						December 31, 2022						September 30, 2023						December 31, 2022
Interest rate lock and forward sale commitments						Other assets / other liabilities						$	—					$	10					$	—					$	2
Back-to-back swap agreements						Other assets / other liabilities						5,043						4,611						5,043						4,611

Derivative Financial Instruments Designated as Hedging Instruments

Asset Derivatives

Liability Derivatives

Fair Value at

Fair Value at

(dollars in thousands)

Balance Sheet Location

September 30, 2023

December 31, 2022

September 30, 2023

December 31, 2022

Interest rate swap

Other assets / other liabilities

$

10,135

$

5,986

$

—

$

—

Schedule of the impact of derivative instruments and their location within the consolidated statements of income

The following tables present the impact of derivative instruments and their location within the consolidated statements of income for the periods presented:

Derivative Financial Instruments Not Designated as Hedging Instruments

Location of Gain (Loss) Recognized in Earnings on Derivatives

Amount of Gain (Loss) Recognized in Earnings on Derivatives

(dollars in thousands)

Three Months Ended September 30, 2023

Interest rate lock and forward sale commitments

Mortgage banking income

$

(16)

Loans held for sale

Other income

4

Back-to-back swap agreements

Other service charges and fees

36

Three Months Ended September 30, 2022

Interest rate lock and forward sale commitments

Mortgage banking income

55

Loans held for sale

Other income

(66)

Derivative Financial Instruments Not Designated as Hedging Instruments

Location of Gain (Loss) Recognized in Earnings on Derivatives

Amount of Gain (Loss) Recognized in Earnings on Derivatives

(dollars in thousands)

Nine Months Ended September 30, 2023

Interest rate lock and forward sale commitments

Mortgage banking income

$

(8)

Loans held for sale

Other income

3

Back-to-back swap agreements

Other service charges and fees

71

Nine Months Ended September 30, 2022

Interest rate lock and forward sale commitments

Mortgage banking income

55

Loans held for sale

Other income

(67)

Risk participation agreements

Other service charges and fees

16

Derivative Financial Instruments Designated as Hedging Instruments

Location of Loss Recognized in Earnings on Derivatives

Amount of Loss Recognized in Earnings on Derivatives

(dollars in thousands)

Three Months Ended September 30, 2023

Interest rate swap

Interest income

$

(121)

Three Months Ended September 30, 2022

Interest rate swap

Interest income

(169)

Derivative Financial Instruments Designated as Hedging Instruments

Location of Loss Recognized in Earnings on Derivatives

Amount of Loss Recognized in Earnings on Derivatives

(dollars in thousands)

Nine Months Ended September 30, 2023

Interest rate swap

Interest income

$

(180)

Nine Months Ended September 30, 2022

Interest rate swap

Interest income

(326)

X

- References

No definition available.

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B

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