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DERIVATIVES (Tables) | 12 Months Ended
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Dec. 31, 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 December 31, 2022 and December 31, 2021:
(Dollars in thousands) |  | 2022 |  |  | 2021 |
Notional amount |  | $ | 290,000 |  |  | $ | 230,000 |
Weighted average pay rate |  |  | 1.71 | % |  |  | 1.99 | %
Weighted average receive rate |  |  | 2.78 | % |  |  | 0.20 | %
Weighted average maturity |  | 2.01 years |  |  | 1.04 years |
Unrealized gain/(loss), net |  | $ | 3,290 |  |  | $ | (3,479 | )
Number of contracts |  |  | 12 |  |  |  | 13 |
Schedule of Net Gains/(Losses) Recorded in Accumulated Other Comprehensive Income | The following table presents the net gains/(losses) recorded in accumulated other comprehensive income and the consolidated financial statements relating to the cash flow derivative instruments for the year ended December 31:
(In thousands) |  | 2022 |  |  | 2021 |
Interest rate contracts |  |  |  |  |  |
Gain/(loss) recognized in other comprehensive income (effective portion) |  | $ | 9,262 |  |  | $ | 4,412 |
Gain/(loss) reclassified from other comprehensive income to interest expense |  |  | — |  |  |  | — |
Gain/(loss) recognized in other noninterest income |  |  | 116 |  |  |  | (842 | )
Schedule of Cash Flow Hedges Included in Financial Statements |
|  | December 31, 2022 |
|  | Notional |  |  | Fair |
(In thousands) |  | Amount |  |  | Value |
Interest rate swaps related to interest-bearing deposits |  | $ | 290,000 |  |  | $ | 3,290 |
Total included in other assets |  | $ | 290,000 |  |  | $ | 3,290 |
Total included in other liabilities |  |  | — |  |  |  | — |
|  | 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 | )
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) |  | December 31, 2022 |  |  | December 31, 2021 |
Notional amount |  | $ | 612,211 |  |  | $ | 702,210 |
Fair value |  | $ | (37,173 | ) |  | $ | 32,326 |
Weighted average pay rates |  |  | 3.99 | % |  |  | 4.00 | %
Weighted average receive rates |  |  | 6.14 | % |  |  | 1.83 | %
Weighted average maturity |  | 4.68 years |  |  | 5.5 years |
Number of contracts |  |  | 78 |  |  |  | 86 |

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