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DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table presents information regarding our derivative financial instruments, at December 31:

2021						Number of Instruments						Notional Amount						Weighted Average Maturity (in years)						Weighted Average Interest Rate Received						Weighted Average Contract Pay Rate						Fair Value Other Assets/ (Other Liabilities)
Derivatives not designated as hedging instruments:
Interest rate swap agreements on loans with commercial loan customers						35						$	235,730					7.7						3.83		%				2.14		%				$	(9,711)
Interest rate swap agreements with third-party counter-parties						35						235,730						7.7						2.14		%				3.83		%				9,498
Risk participation agreements						4						18,552						2.2																		(15)
Total						74						$	490,012																							$	(228)

2020						Number of Instruments						Notional Amount						Weighted Average Maturity (in years)						Weighted Average Interest Rate Received						Weighted Average Contract Pay Rate						Fair Value Other Assets/ (Other Liabilities)
Derivatives not designated as hedging instruments:
Interest rate swap agreements on loans with commercial loan customers						26						$	179,085					7.7						3.95		%				2.20		%				$	(15,024)
Interest rate swap agreements with third-party counter-parties						26						179,085						7.7						2.20		%				3.95		%				14,702
Risk participation agreements						4						18,840						2.8																		(35)
						56						$	377,010																							$	(357)

Schedule of Derivatives Not Designated as Hedging Instruments, Statements of Income

Amounts included in the Consolidated Statements of Income related to derivatives not designated as hedging were as follows:

						Years Ended December 31,
						2021						2020
Derivatives not designated as hedging instruments:
Interest rate swap agreements with commercial loan customers:
Unrealized (loss) recognized in non-interest income						$	5,313					$	(8,224)
Interest rate swap agreements with third-party counter-parties:
Unrealized gain recognized in non-interest income						(5,204)						8,236
Risk participation agreements:
Unrealized gain (loss) recognized in non-interest income						20						(4)
Unrealized gain (loss) recognized in non-interest income						$	129					$	8

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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