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DERIVATIVES (Tables) | 6 Months Ended
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Jun. 30, 2020
Schedule of Information about Interest Rate Swaps Designated as Cash Flow Hedges | The following table presents information about the interest rate swaps designated as cash flow hedges as of June 30, 2020 and December 31, 2019:
, |  | June 30, 2020 |  |  |  | December 31, 2019 |  |
Notional amount |  | $ | 270,000 |  |  |  | $ | 245,000 |  |
Weighted average pay rate |  |  | 1.93 |  | % |  |  | 2.05 |  | %
Weighted average receive rate |  |  | 0.28 |  | % |  |  | 1.83 |  | %
Weighted average maturity |  |  | 2.53 |  | years |  |  | 2.45 |  | years
Unrealized gain, net |  | $ | (12,435 | ) |  |  | $ | (3,667 | ) |
Number of contracts |  |  | 13 |  |  |  |  | 12 |  |
Schedule of Net Gains/(Loss) Recorded in Accumulated Other Comprehensive Income/(Loss) | The following table presents the net gain/(loss) recorded in accumulated other comprehensive income/(loss) and the consolidated financial statements relating to the cash flow derivative instruments for the three and six months ended June 30, 2020 and 2019:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Interest rate contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain/(loss) recognized in OCI (effective portion) |  | $ | 121 |  |  | $ | (2,051 | ) |  | $ | (6,430 | ) |  | $ | (3,163 | )
Gain/(loss) reclassified from OCI to interest expense |  |  | (7 | ) |  |  | 22 |  |  |  | (59 | ) |  |  | 43 |
Gain/(loss) recognized in other non-interest expense (ineffective portion) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Schedule of Notional Amount and Fair Value |
|  | June 30, 2020 |
|  | Notional |  |  | Fair |
(In thousands) |  | Amount |  |  | Value |
Interest rate swaps related to interest-bearing deposits and FHLB advances |  | $ | 270,000 |  |  | $ | (12,435 | )
Total included in other assets |  |  | — |  |  |  | — |
Total included in other liabilities |  |  | 270,000 |  |  |  | (12,435 | )
|  | December 31, 2019 |
|  | Notional |  |  | Fair |
(In thousands) |  | Amount |  |  | Value |
Interest rate swaps related to interest-bearing deposits |  | $ | 245,000 |  |  | $ | (3,667 | )
Total included in other assets |  |  | 70,000 |  |  |  | 121 |
Total included in other liabilities |  |  | 175,000 |  |  |  | (3,788 | )
Not Designated as Hedging Instrument [Member] |
Schedule of Information about Interest Rate Swaps Designated as Cash Flow Hedges | Information about these swaps is as follows:
(Dollars in thousands) |  | June 30, 2020 |  |  |  | December 31, 2019 |  |
Notional amount |  | $ | 868,666 |  |  |  | $ | 793,875 |  |
Fair value |  | $ | 99,163 |  |  |  | $ | 32,381 |  |
Weighted average pay rates |  |  | 4.02 |  | % |  |  | 4.12 |  | %
Weighted average receive rates |  |  | 1.95 |  | % |  |  | 3.54 |  | %
Weighted average maturity |  |  | 6.9 |  | years |  |  | 7.3 |  | years
Number of contracts |  |  | 99 |  |  |  |  | 91 |  |

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