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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Fair Value [Abstract]

Effect of Fair Value and Cash Flow Hedge Accounting on AOCI

The following table presents the effect of the Company’s cash flow hedge accounting on Accumulated Other Comprehensive Income for the periods ended December 31, 2021 and 2020 (in thousands):

The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
		Amount of (Loss) Gain Recognized in OCI on Derivatives							Location of Gain Reclassified from		Amount of (loss) gain reclassified from Accumulated OCI into income
		Year Ended December 31,							Accumulated OCI into		Year Ended December 31,
Derivatives in Hedging relationships		2021				2020			Income		2021				2020
Interest rate Products		$	1,921			$	(11	)	Interest Expense		$	(147	)		$	18

Derivatives Designated as Hedging Instruments Under ASC 815 [Member]

Derivative Fair Value [Abstract]

Estimated Fair Value Positions of Derivative Contracts

Derivatives designated as hedging instruments under ASC 815 (in thousands):

									Fair Value December 31,
Third party interest rate swaps	Balance Sheet Location		Notional Amount			Interest rate Paid	Interest rate Received		2021				2020
Maturing in 2025	other assets/(other liabilities)		$	15,000		Fixed - 0.57%	3-Month Libor		$	291			$	(143	)
Maturing in 2027	other assets/(other liabilities)			10,000		Fixed - 0.65%	3-Month Libor			361				(50	)
Maturing in 2027	other assets/(other liabilities)			7,500		Fixed - 3.57%	3-Month Libor + 280			239				(87	)
Maturing in 2027	other assets/(other liabilities)			6,000		Fixed - 0.61%	3-Month Libor			244				24
Maturing in 2029	other assets/(other liabilities)			6,000		Fixed - 0.72%	3-Month Libor			329				74
Maturing in 2032	other assets/(other liabilities)			6,000		Fixed - 0.82%	3-Month Libor			446				171
			$	50,500					$	1,910			$	(11	)

Derivatives Not Designated as Hedging Instruments Under ASC 815 [Member]

Derivative Fair Value [Abstract]

Estimated Fair Value Positions of Derivative Contracts

Derivatives not designated as hedging instruments under ASC 815 (in thousands):

			December 31, 2021								December 31, 2020
Interest Rate Products	Balance Sheet Location		Notional Amount				Fair Value				Notional Amount				Fair Value
Zero Premium Collar	other assets/(other liabilities)		$	67,375			$	(1,817	)		$	64,013			$	1,111
Zero Premium Collar	other assets/(other liabilities)		$	19,938			$	284			$	-			$	-
Dealer Offset to Zero Premium Collar	other assets/(other liabilities)		$	67,375			$	1,817			$	64,013			$	(1,111	)
Dealer Offset to Zero Premium Collar	other assets/(other liabilities)		$	19,938			$	(284	)		$	-			$	-

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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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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