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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and December 31, 2021:

			June 30, 2022																		December 31, 2021
			Notional Amount						Balance Sheet Location						Fair Value						Notional Amount						Balance Sheet Location						Fair Value
Derivatives not designated as hedging instruments:
Interest rate swaps			$	91,731					Other assets						$	5,853					$	37,915					Other assets						$	764
Interest rate swaps			91,731						Other liabilities						(5,717)						37,915						Other liabilities						(758)
Risk participation - sold credit protection			15,855						Other liabilities						—						15,855						Other liabilities						(2)
Risk participation - purchased credit protection			4,992						Other assets						28						—						Not applicable						—
Interest rate lock commitments with customers			7,713						Other assets						186						16,604						Other assets						353
Forward sale commitments			8,328						Other assets						683						8,665						Other assets						52
Total derivatives not designated as hedging instruments															$	1,033																	$	409

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, 2022 and 2021:

			Amount of Loss Recognized in OCI on Derivative												Amount of Gain Recognized in OCI on Derivative
			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Derivatives in cash flow hedging relationships:
Interest rate products			$	—					$	(83)					$	—					$	656
Total			$	—					$	(83)					$	—					$	656

			Amount of Loss Reclassified from AOCI 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,
			2022						2021						2022						2021
Derivatives in cash flow hedging relationships:
Interest rate products			$	—					$	(89)					$	—					$	(176)					Interest expense
Total			$	—					$	(89)					$	—					$	(176)

During the three months ended September 30, 2021, the Company terminated its interest rate swap designated as a hedging instrument of $50.0 million.

			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,
			2022						2021						2022						2021
Derivatives not designated as hedging instruments:
Interest rate products			$	93					$	(16)					$	130					$	37					Other operating expenses
Risk participation agreement			28						—						30						(4)						Other operating expenses
Interest rate lock commitments with customers			(113)						(216)						(167)						(217)						Mortgage banking activities
Forward sale commitment			330						(171)						631						83						Mortgage banking activities
Total			$	339					$	(403)					$	624					$	(101)

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- References

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

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