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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024:
June 30, 2025December 31, 2024
Notional AmountBalance Sheet LocationFair ValueNotional AmountBalance Sheet LocationFair Value
Derivatives designated as hedging instruments:
Cash flow hedge designation:
Interest rate swaps - FHLB advances$75,000 Other liabilities$(236)$75,000 Other assets$1,138 
Fair value hedge designation:
Interest rate swaps - commercial loansn/aOther liabilitiesn/a100,000 Other liabilities(252)
Total derivatives designated as hedging instruments$(236)$886 
Derivatives not designated as hedging instruments:
Interest rate swaps$449,698 Other assets$14,716 $388,851 Other assets$12,240 
Interest rate swaps449,698 Other liabilities(15,111)388,851 Other liabilities(12,239)
Purchased options – rate cap5,761 Other assets1 5,813 Other assets5 
Written options – rate cap5,761 Other liabilities(1)5,813 Other liabilities(5)
Risk participations - sold credit protection39,744 Other liabilities(93)47,545 Other liabilities(79)
Risk participations - purchased credit protection23,616 Other assets64 23,726 Other assets48 
Interest rate lock commitments with customers2,842 Other assets55 679 Other assets20 
Forward sale commitments5,085 Other liabilities(11)6,508 Other assets24 
Total derivatives not designated as hedging instruments$(380)$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 June 30, 2025 and 2024.
Carrying Amounts of Hedged AssetsCumulative Amounts of Fair Value Hedging Adjustments Included in the Carrying Amounts of the Hedged Assets
June 30,June 30,
2025202420252024
Commercial loansn/a$100,000 $— $(415)
Effect of Derivative Financial Instruments on OCI and Net Income
The following tables summarize the effect of the Company's derivative financial instruments on OCI and net income for the three and six months ended June 30, 2025 and 2024:
Amount of (Loss) Gain Recognized in OCI on DerivativeAmount of (Loss) Gain Recognized in OCI on Derivative
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Derivatives in cash flow hedging relationships:
Interest rate products$(458)$434 $(1,374)$1,862 

Amount of Loss Reclassified from AOCI into IncomeAmount of Loss Reclassified from AOCI into IncomeLocation of Loss Recognized from AOCI into Income
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Derivatives in cash flow hedging relationships:
Interest rate products$— $— $— $— Interest income
Amount of Gain Recognized in IncomeAmount of (Loss) Gain Recognized in IncomeLocation of Gain Recognized in Income
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Derivatives designated as hedging instruments
Fair value hedge designation:
Interest rate swaps - commercial loans (1)
$— $5 $(1)$8 Interest income on loans
Derivatives not designated as hedging instruments:
Interest rate products$(144)$27 $(396)$71 Other operating expenses
Risk participation agreements(2)(8)1 73 Other operating expenses
Interest rate lock commitments with customers(58)15 35 17 Mortgage banking activities
Forward sale commitments(10)5 (35)7 Mortgage banking activities
Total derivatives not designated as hedging instruments$(214)$39 $(395)$168 
(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 June 30, 2025 and December 31, 2024:
Weighted Average Pay RateWeighted Average Receive RateWeighted Average Maturity in Years
June 30, 2025
Cash flow hedge designation:
Interest rate swaps - FHLB advances3.49 %4.32 %2.8
December 31, 2024
Cash flow hedge designation:
Interest rate swaps - FHLB advances3.49 %4.53 %3.3
Fair value hedge designation:
Interest rate swaps - commercial loans4.12 %4.53 %2.7