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DERIVATIVES (Tables) | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The following table presents information regarding derivative financial instruments, at December 31:
2023
Derivatives not designated as hedging instruments: |  | Number of Instruments |  | Notional Amount |  | Weighted Average Maturity (in years) |  | Weighted Average Interest Rate Received |  | Weighted Average Contract Pay Rate |  | Fair Value
Interest rate swap agreements on loans with commercial loan customers |  | 47 |  | $ | 315,526 |  |  | 6.6 |  | 4.36% |  | 7.36% |  | $ | (19,355) |
Interest rate swap agreements with third-party counter-parties |  | 47 |  | 315,526 |  |  | 6.6 |  | 7.36% |  | 4.36% |  | 19,316 |
Risk participation agreements |  | 4 |  | 16,432 |  |  | 7.8 |  |  |  |  |  | — |
Total |  | 98 |  | $ | 647,484 |  |  |  |  |  |  |  |  | $ | (39) |
2022
Derivatives not designated as hedging instruments: |  | Number of Instruments |  | Notional Amount |  | Weighted Average Maturity (in years) |  | Weighted Average Interest Rate Received |  | Weighted Average Contract Pay Rate |  | Fair Value
Interest rate swap agreements on loans with commercial loan customers |  | 42 |  | $ | 265,619 |  |  | 7.1 |  | 3.94 | % |  | 6.35 | % |  | $ | (26,436) |
Interest rate swap agreements with third-party counter-parties |  | 42 |  | 265,619 |  |  | 7.1 |  | 6.35 | % |  | 3.94 | % |  | 26,381 |
Risk participation agreements |  | 3 |  | 13,764 |  |  | 9.6 |  |  |  |  |  | — |
Total |  | 87 |  | $ | 545,002 |  |  |  |  |  |  |  |  | $ | (55) |
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,
Derivatives not desi g nated as hed g in g instruments: |  | 2023 |  | 2022 |  |
Interest rate swap agreements with commercial loan customers: |  |  |  |  |  |
Unrealized (loss) recognized in non-interest income |  | $ | 7,081 |  |  | $ | (17,430) |  |  |
Interest rate swap agreements with third-party counter-parties: |  |  |  |  |  |
Unrealized gain recognized in non-interest income |  | (7,065) |  |  | 17,698 |  |  |
Risk participation agreements: |  |  |  |  |  |
Unrealized gain (loss) recognized in non-interest income |  | — |  |  | 15 |  |  |
Unrealized gain (loss) recognized in non-interest income |  | $ | 16 |  |  | $ | 283 |  |  |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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