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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of fair values of company's derivative instrument assets and liabilities related to interest rate swap contracts | The interest rate swap agreements designated as cash flow hedges were as follows:
| December 31, 2024 |  | December 31, 2023
(dollars in thousands) | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Fair value recorded in other assets | $ | 7,000 |  |  | $ | 38 |  |  | $ | 17,000 |  |  | $ | 322 |
Schedule of the effect of interest rate contracts designated as cash flow hedges on the consolidated statements of income | The effect of interest rate swap agreements designated as cash flow hedges on the consolidated statements of income was as follows:
Location of gross gain (loss) reclassified from accumulated other comprehensive income (loss) to income |  |  |  | Amounts of gross gain (loss) reclassified from accumulated other comprehensive income (loss)
|  |  |  | Year Ended December 31,
(dollars in thousands) |  |  |  |  |  | 2024 |  | 2023 |  | 2022
Designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |
Junior subordinated debentures interest expense |  |  |  |  |  | $ | 348 |  | $ | 468 |  |  | $ | (126) |
Summary of interest rate swap agreements not designated as hedging instruments | The interest rate swap agreements not designated as hedging instruments were as follows:
| December 31, 2024 |  | December 31, 2023
(dollars in thousands) | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Fair value recorded in other assets: |  |  |  |  |  |  |
Interest rate swaps with a commercial borrower counterparty | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest rate swaps with a financial institution counterparty | 79,416 |  |  | 5,515 |  |  | 94,497 |  |  | 6,227 |
Total fair value recorded in other assets | $ | 79,416 |  |  | $ | 5,515 |  |  | $ | 94,497 |  |  | $ | 6,227 |
Fair value recorded in other liabilities: |  |  |  |  |  |  |
Interest rate swaps with a commercial borrower counterparty | $ | 79,416 |  |  | $ | (5,515) |  |  | $ | 94,497 |  |  | $ | (6,227) |
Interest rate swaps with a financial institution counterparty | — |  |  | — |  |  | — |  |  | — |
Total fair value recorded in other liabilities | $ | 79,416 |  |  | $ | (5,515) |  |  | $ | 94,497 |  |  | $ | (6,227) |
Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income | The effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income on the consolidated statements of income was as follows:
|  |  | Year Ended December 31,
(dollars in thousands) |  |  |  |  | 2024 |  | 2023 |  | 2022
Not designated as hedging instruments: |  |  |  |  |
Gross gains |  |  |  |  | $ | 10,781 |  |  | $ | 11,198 |  |  | $ | 16,002 |
Gross losses |  |  |  |  | (10,781) |  |  | (11,198) |  |  | (16,002) |
Net gains (losses) |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of derivative instruments | The risk participation agreement matures in 2035 and is summarized as follows:
(dollars in thousands) |  | December 31, 2024 |  | December 31, 2023
Risk participation agreements sold |  |
Notional amount |  | $ | 5,268 |  |  | $ | — |
Fair value |  | (10) |  |  | — |

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