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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

The following table summarizes the fair value of the Company's derivative instruments at March 31, 2020 and December 31, 2019:

			3/31/2020																														12/31/2019
			Notional Amount						Balance Sheet Location						Fair Value						Notional Amount						Balance Sheet Location						Fair Value
Derivatives designated as hedging instruments:
Interest rate products			$	50,000					Other assets						$	104					$	—											$	—
Interest rate products			50,000						Other liabilities						(1,359)						—												—
Total derivatives designated as hedging instruments															$	(1,255)																	$	—
Derivatives not designated as hedging instruments:
Interest rate lock commitments with customers			$	22,732					Other assets						$	435					$	4,408					Other assets						$	103
Forward sale commitments			30,650						Other liabilities						(195)						8,969						Other assets						1
Total derivatives not designated as hedging instruments															$	239																	$	104

Effect of Derivative Financial Instruments on OCI and Net Income

The following tables summarize the effect of the Company's derivative financial instruments on OCI and net income for the three months ended March 31, 2020 and 2019:

															Amount of Loss Recognized in OCI on Derivative
															Three Months Ended March 31,
															2020						2019
Derivatives in cash flow hedging relationships:
Interest rate products															$	(1,259)					$	—
Total															$	(1,259)					$	—

															Amount of Loss Reclassified from AOCI into Income																		Location of Loss Recognized from AOCI into Income
															Three Months Ended March 31,
															2020						2019
Derivatives in cash flow hedging relationships:
Interest rate products															$	(4)					$	—					Interest expense
Total															$	(4)					$	—

															Amount of Gain (Loss) Recognized in Income																		Location of Gain (Loss) Recognized in Income
															Three Months Ended March 31,
															2020						2019
Derivatives not designated as hedging instruments:
Interest rate lock commitments with customers															$	332					$	—					Mortgage banking activities
Forward sale commitment															(197)						—						Mortgage banking activities
Total															$	135					$	—

Summary of Interest Rate Swap Components

The following table is a summary of interest rate swap components at March 31, 2020 and December 31, 2019:

			March 31, 2020						December 31, 2019
Weighted average pay rate			0.54		%				—		%
Weighted average receive rate			0.08		%				—		%
Weighted average maturity in years			6.0						—

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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.

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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.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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