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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2020 and December 31, 2019:

			6/30/2020																														12/31/2019
			Notional Amount						Balance Sheet Location						Fair Value						Notional Amount						Balance Sheet Location						Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps - balance sheet hedge			$	100,000					Other liabilities						$	(1,978)					$	—											$	—
Total derivatives designated as hedging instruments															$	(1,978)																	$	—
Derivatives not designated as hedging instruments:
Interest rate swap - commercial borrower			$	7,100					Other assets						$	234					$	—											$	—
Interest rate swap - counterparty			7,100						Other liabilities						(251)						—												—
Interest rate lock commitments with customers			34,839						Other assets						986						4,408						Other assets						103
Forward sale commitments			13,187						Other liabilities						(54)						8,969						Other assets						1
Total derivatives not designated as hedging instruments															$	915																	$	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 and six months ended June 30, 2020 and 2019:

			Amount of Loss Recognized in OCI on Derivative																		Amount of Loss Recognized in OCI on Derivative
			Three Months Ended June 30,																		Six Months Ended June 30,
			2020						2019						2020						2019
Derivatives in cash flow hedging relationships:
Interest rate products			$	(842)					$	—					$	(2,101)					$	—
Total			$	(842)					$	—					$	(2,101)					$	—

			Amount of Loss Reclassified from Accumulated OCI into Income																		Amount of Loss Reclassified from AOCI into Income																		Location of Loss Recognized from AOCI into Income
			Three Months Ended June 30,																		Six Months Ended June 30,
			2020						2019						2020						2019
Derivatives in cash flow hedging relationships:
Interest rate products			$	(121)					$	—					$	(125)					$	—					Interest expense
Total			$	(121)					$	—					$	(125)					$	—

			Amount of Gain (Loss) Recognized in Income																		Amount of Gain (Loss) Recognized in Income																		Location of Gain (Loss) Recognized in Income
			Three Months Ended June 30,																		Six Months Ended June 30,
			2020						2019						2020						2019
Derivatives not designated as hedging instruments:
Interest rate products			$	(17)					$	—					$	(17)					$	—					Other operating expenses
Interest rate lock commitments with customers			551						—						883						—						Mortgage banking activities
Forward sale commitment			141						—						(197)						—						Mortgage banking activities
Total			$	675					$	—					$	669					$	—

Summary of Interest Rate Swap Components

The following table is a summary of interest rate swap components at June 30, 2020 and December 31, 2019:

			June 30, 2020						December 31, 2019
Weighted average pay rate			0.54		%				—		%
Weighted average receive rate			0.08		%				—		%
Weighted average maturity in years			5.7						—

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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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