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DERIVATIVES (Tables) | 6 Months Ended
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Jun. 30, 2022
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, 2022 and December 31, 2021:
(Dollars in thousands) |  | June 30, 2022 |  |  | December 31, 2021 |
Notional amount |  | $ | 240,000 |  |  | $ | 230,000 |
Weighted average pay rate |  |  | 1.99 | % |  |  | 1.99 | %
Weighted average receive rate |  |  | 0.81 | % |  |  | 0.20 | %
Weighted average maturity |  | 1.55 years |  |  | 1.04 years |
Unrealized gain/(loss), net |  | $ | 437 |  |  | $ | (3,479 | )
Number of contracts |  |  | 10 |  |  |  | 13 |
Schedule of Cash Flow Hedges Included in Financial Statements |
|  | June 30, 2022 |
|  | Notional |  |  | Fair |
(In thousands) |  | Amount |  |  | Value |
Interest rate swaps related to interest-bearing deposits |  | $ | 240,000 |  |  | $ | 437 |
Total included in other assets |  |  | 180,000 |  |  |  | 1,006 |
Total included in other liabilities |  |  | 60,000 |  |  |  | (569 | )
|  | December 31, 2021 |
|  | Notional |  |  | Fair |
(In thousands) |  | Amount |  |  | Value |
Interest rate swaps related to interest-bearing deposits |  | $ | 230,000 |  |  | $ | (3,479 | )
Total included in other assets |  |  | — |  |  |  | — |
Total included in other liabilities |  |  | 230,000 |  |  |  | (3,479 | )
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, 2022 and 2021:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Interest rate contracts |  |  |  |  |  |  |  |  |  |  |  |
Gain/(loss) recognized in other comprehensive income (effective portion) |  | $ | 1,155 |  |  | $ | 1,121 |  |  | $ | 3,951 |  |  | $ | 2,571 |
Gain/(loss) reclassified from other comprehensive income to interest expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gain/(loss) recognized in other noninterest income |  |  | — |  |  |  | (842 | ) |  |  | — |  |  |  | (842 | )
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, 2022 |  |  | December 31, 2021 |
Notional amount |  | $ | 642,110 |  |  | $ | 702,210 |
Fair value |  | $ | 19,366 |  |  | $ | 32,326 |
Weighted average pay rates |  |  | 3.96 | % |  |  | 4.00 | %
Weighted average receive rates |  |  | 3.50 | % |  |  | 1.83 | %
Weighted average maturity |  | 5.05 years |  |  | 5.5 years |
Number of contracts |  |  | 82 |  |  |  | 86 |

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