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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 and December 31, 2020:

			March 31, 2021																		December 31, 2020
			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			$	50,000					Other liabilities						$	(407)					$	50,000					Other liabilities						$	(1,234)
Total derivatives designated as hedging instruments															$	(407)																	$	(1,234)
Derivatives not designated as hedging instruments:
Interest rate swap - commercial borrower			$	30,467					Other assets						$	377					$	30,673					Other assets						$	708
Interest rate swap - counterparty			30,467						Other liabilities						(360)						30,673						Other liabilities						(744)
Interest rate lock commitments with customers			23,680						Other assets						672						22,560						Other assets						673
Forward sale commitment			11,310						Other assets						193						10,400						Other liabilities						(61)
Total derivatives not designated as hedging instruments															$	882																	$	576

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, 2021 and 2020:

									Amount of Loss Recognized in OCI on Derivative
									Three Months Ended March 31,
															2021						2020
Derivatives in cash flow hedging relationships:
Interest rate products															$	739					$	(1,259)
Total															$	739					$	(1,259)

									Amount of Loss Reclassified from AOCI into Income												Location of Loss Recognized from AOCI into Income
									Three Months Ended March 31,
															2021						2020
Derivatives in cash flow hedging relationships:
Interest rate products															$	(87)					$	(4)					Interest expense
Total															$	(87)					$	(4)

									Amount of Gain (Loss) Recognized in Income												Location of Gain (Loss) Recognized in Income
									Three Months Ended March 31,
															2021						2020
Derivatives not designated as hedging instruments:
Interest rate products															$	52					$	—					Other operating expenses
Risk participation agreement															4						—						Other operating expenses
Interest rate lock commitments with customers															(1)						332						Mortgage banking activities
Forward sale commitment															254						(197)						Mortgage banking activities
Total															$	309					$	135

Summary of Interest Rate Swap Components

The following table is a summary of interest rate swap components at March 31, 2021 and December 31, 2020:

			March 31, 2021						December 31, 2020
Weighted average pay rate			0.77		%				0.77		%
Weighted average receive rate			0.09		%				0.09		%
Weighted average maturity in years			3.9						4.2

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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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