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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 and December 31, 2024:

			March 31, 2025																		December 31, 2024
			Notional Amount						Balance Sheet Location						Fair Value						Notional Amount						Balance Sheet Location						Fair Value
Derivatives designated as hedging instruments:
Cash flow hedge designation:
Interest rate swaps -FHLB advances			$	75,000					Other assets						$	222					$	75,000					Other assets						$	1,138
Fair value hedge designation:
Interest rate swaps - commercial loans			n/a						Other liabilities						n/a						100,000						Other liabilities						(252)
Total derivatives designated as hedging instruments															$	222																	$	886
Derivatives not designated as hedging instruments:
Interest rate swaps			$	412,610					Other assets						$	12,908					$	388,851					Other assets						$	12,240
Interest rate swaps			412,610						Other liabilities						(13,158)						388,851						Other liabilities						(12,239)
Purchased options – rate cap			5,787						Other assets						2						5,813						Other assets						5
Written options – rate cap			5,787						Other liabilities						(2)						5,813						Other liabilities						(5)
Risk participations - sold credit protection			39,790						Other liabilities						(89)						47,545						Other liabilities						(79)
Risk participations - purchased credit protection			23,671						Other assets						61						23,726						Other assets						48
Interest rate lock commitments with customers			5,161						Other assets						113						679						Other assets						20
Forward sale commitments			4,836						Other liabilities						(1)						6,508						Other assets						24
Total derivatives not designated as hedging instruments															$	(166)																	$	14

The following table presents the carrying amount and associated cumulative basis adjustment related to the application of fair value hedge accounting that is included in the carrying amount of hedged assets as of March 31, 2025 and 2024.

			Carrying Amounts of Hedged Assets												Cumulative Amounts of Fair Value Hedging Adjustments Included in the Carrying Amounts of the Hedged Assets
			Three Months Ended March 31,												Three Months Ended March 31,
			2025						2024						2025						2024
Commercial loans			$	—					$	100,000					$	—					$	(9)

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, 2025 and 2024:

			Amount of (Loss) Gain Recognized in OCI on Derivative
			Three Months Ended March 31,
			2025						2024
Derivatives in cash flow hedging relationships:
Interest rate products			$	(916)					$	1,428

									Amount of Loss Reclassified from AOCI into Income												Location of Loss Recognized from AOCI into Income
									Three Months Ended March 31,
															2025						2024
Derivatives in cash flow hedging relationships:
Interest rate products															$	—					$	—					Interest income

									Amount of (Loss) Gain Recognized in Income												Location of Gain Recognized in Income
									Three Months Ended March 31,
															2025						2024
Derivatives designated as hedging instruments
Fair value hedge designation:
Interest rate swaps - commercial loans (1)															$	(1)					$	3					Interest income on loans
Derivatives not designated as hedging instruments:
Interest rate products															$	(252)					$	44					Other operating expenses
Risk participation agreements															3						81						Other operating expenses
Interest rate lock commitments with customers															93						2						Mortgage banking activities
Forward sale commitments															(25)						2						Mortgage banking activities
Total derivatives not designated as hedging instruments															$	(181)					$	129
(1) Amount includes the net of the change in the fair value of the interest rate swaps hedging commercial loans and the change in the carrying value included in the hedged commercial loans.

Summary of Components of Interest Rate Swaps

The following table is a summary of components for interest rate swaps designated as hedging instruments at March 31, 2025 and December 31, 2024:

			Weighted Average Pay Rate						Weighted Average Receive Rate						Weighted Average Maturity in Years
March 31, 2025
Cash flow hedge designation:
Interest rate swaps - FHLB advances			3.49		%				4.34		%				3.0
December 31, 2024
Cash flow hedge designation:
Interest rate swaps - FHLB advances			3.49		%				4.53		%				3.3
Fair value hedge designation:
Interest rate swaps - commercial loans			4.12		%				4.53		%				2.7

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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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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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