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FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Financial assets: |  |
Certificates of deposit with banks | $ 2,719 | $ 11,803
Investment securities available-for-sale | 421,466 | 410,624
Equity securities | 32,402 | 27,585
Servicing rights | 2,800 | 2,900
Bank-owned life insurance | 42,257 | 41,262
Financial liabilities: |  |
FHLB and other borrowings | 0 | 0
Carrying Value |  |
Financial assets: |  |
Cash and cash equivalents | 307,437 | 263,893
Certificates of deposit with banks | 2,719 | 11,803
Investment securities available-for-sale | 421,466 | 410,624
Equity securities | 32,402 | 27,585
Loans held-for-sale |  | 1,062
Loans | 1,851,572 | 1,427,900
Servicing rights | 2,812 | 2,942
Accrued interest receivable | 7,860 | 7,793
Bank-owned life insurance | 42,257 | 41,262
Financial liabilities: |  |
Deposits | 2,377,605 | 1,982,389
Repurchase agreements | 11,385 | 10,266
Accrued interest payable | 690 | 572
Subordinated debt | 73,030 | 43,407
Carrying Value | Interest rate swap |  |
Financial assets: |  |
Derivative asset | 6,702 | 13,822
Financial liabilities: |  |
Derivative liability | 6,702 | 13,822
Carrying Value | Fair value hedge |  |
Financial assets: |  |
Derivative asset | 1,552 | 2,215
Financial liabilities: |  |
Derivative liability | 807 | 2,141
Estimated Fair Value |  |
Financial assets: |  |
Cash and cash equivalents | 307,437 | 263,893
Certificates of deposit with banks | 2,738 | 11,986
Investment securities available-for-sale | 421,466 | 410,624
Equity securities | 32,402 | 27,585
Loans held-for-sale |  | 1,062
Loans | 1,865,013 | 1,434,275
Servicing rights | 2,831 | 2,942
Accrued interest receivable | 7,860 | 7,793
Bank-owned life insurance | 42,257 | 41,262
Financial liabilities: |  |
Deposits | 2,338,868 | 1,964,860
Repurchase agreements | 11,385 | 10,266
Accrued interest payable | 690 | 572
Subordinated debt | 74,774 | 45,536
Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level I) |  |
Financial assets: |  |
Cash and cash equivalents | 307,437 | 263,893
Certificates of deposit with banks | 0 | 0
Investment securities available-for-sale | 0 | 0
Equity securities | 247 | 472
Loans held-for-sale |  | 0
Loans | 0 | 0
Servicing rights | 0 | 0
Accrued interest receivable | 0 | 0
Bank-owned life insurance | 0 | 0
Financial liabilities: |  |
Deposits | 0 | 0
Repurchase agreements | 0 | 0
Accrued interest payable | 0 | 0
Subordinated debt | 0 | 0
Estimated Fair Value | Significant Other Observable Inputs (Level II) |  |
Financial assets: |  |
Cash and cash equivalents | 0 | 0
Certificates of deposit with banks | 2,738 | 11,986
Investment securities available-for-sale | 379,703 | 366,945
Equity securities | 0 | 0
Loans held-for-sale |  | 1,062
Loans | 0 | 0
Servicing rights | 0 | 0
Accrued interest receivable | 2,402 | 2,770
Bank-owned life insurance | 42,257 | 41,262
Financial liabilities: |  |
Deposits | 2,338,868 | 1,964,860
Repurchase agreements | 11,385 | 10,266
Accrued interest payable | 690 | 572
Subordinated debt | 74,774 | 45,536
Estimated Fair Value | Significant Unobservable Inputs (Level III) |  |
Financial assets: |  |
Cash and cash equivalents | 0 | 0
Certificates of deposit with banks | 0 | 0
Investment securities available-for-sale | 41,763 | 43,679
Equity securities | 32,155 | 27,113
Loans held-for-sale |  | 0
Loans | 1,865,013 | 1,434,275
Servicing rights | 2,831 | 2,942
Accrued interest receivable | 5,458 | 5,023
Bank-owned life insurance | 0 | 0
Financial liabilities: |  |
Deposits | 0 | 0
Repurchase agreements | 0 | 0
Accrued interest payable | 0 | 0
Subordinated debt | 0 | 0
Estimated Fair Value | Interest rate swap |  |
Financial assets: |  |
Derivative asset | 6,702 | 13,822
Financial liabilities: |  |
Derivative liability | 6,702 | 13,822
Estimated Fair Value | Interest rate swap | Quoted Prices in Active Markets for Identical Assets (Level I) |  |
Financial assets: |  |
Derivative asset | 0 | 0
Financial liabilities: |  |
Derivative liability | 0 | 0
Estimated Fair Value | Interest rate swap | Significant Other Observable Inputs (Level II) |  |
Financial assets: |  |
Derivative asset | 6,702 | 13,822
Financial liabilities: |  |
Derivative liability | 6,702 | 13,822
Estimated Fair Value | Interest rate swap | Significant Unobservable Inputs (Level III) |  |
Financial assets: |  |
Derivative asset | 0 | 0
Financial liabilities: |  |
Derivative liability | 0 | 0
Estimated Fair Value | Fair value hedge |  |
Financial assets: |  |
Derivative asset | 1,552 | 2,215
Financial liabilities: |  |
Derivative liability | 807 | 2,141
Estimated Fair Value | Fair value hedge | Quoted Prices in Active Markets for Identical Assets (Level I) |  |
Financial assets: |  |
Derivative asset | 0 | 0
Financial liabilities: |  |
Derivative liability | 0 | 0
Estimated Fair Value | Fair value hedge | Significant Other Observable Inputs (Level II) |  |
Financial assets: |  |
Derivative asset | 1,552 | 2,215
Financial liabilities: |  |
Derivative liability | 807 | 2,141
Estimated Fair Value | Fair value hedge | Significant Unobservable Inputs (Level III) |  |
Financial assets: |  |
Derivative asset | 0 | $ 0
Financial liabilities: |  |
Derivative liability | $ 0 |

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