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DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Information about Interest Rate Swaps Designated as Cash Flow Hedges

The following tables present information about the interest rate swaps designated as cash flow hedges as of December 31, 2024 and December 31, 2023:

(Dollars in thousands)		2024				2023
Notional amount		$	360,000			$	310,000
Weighted average pay rate			2.35	%			2.22	%
Weighted average receive rate			3.83	%			4.14	%
Weighted average maturity		2.08 years				2.98 years
Unrealized gain/(loss), net		$	7,815			$	6,814
Number of contracts			14				12

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)		2024				2023
Interest rate contracts
Gain/(loss) recognized in other comprehensive income (effective portion)		$	1,001			$	(2,391	)
Gain/(loss) recognized in other noninterest income			—				84

Schedule of Cash Flow Hedges Included in Financial Statements

		2024
		Notional				Fair
(In thousands)		Amount				Value
Interest rate swaps related to interest-bearing    deposits		$	360,000			$	7,815
Total included in other assets		$	360,000			$	7,815
Total included in other liabilities			—				—

		2023
		Notional				Fair
(In thousands)		Amount				Value
Interest rate swaps related to interest-bearing    deposits		$	310,000			$	6,814
Total included in other assets			310,000				6,814
Total included in other liabilities			—				—

Not Designated as Hedging Instrument [Member]

Schedule of Information about Interest Rate Swaps Designated as Cash Flow Hedges

Information about these swaps at December 31 is as follows:

(Dollars in thousands)		2024				2023
Notional amount		$	430,785			$	545,983
Fair value		$	(21,426	)		$	(22,452	)
Weighted average pay rates			3.95	%			3.95	%
Weighted average receive rates			6.25	%			7.09	%
Weighted average maturity		3.65 years				3.93 years
Number of contracts			55				71

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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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