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DERIVATIVES (Tables) | 12 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The following table presents information regarding derivative financial instruments, as of December 31:
2024
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 |  | 51 |  | $ | 340,117 |  |  | 5.5 |  | 4.53% |  | 6.37% |  | $ | (23,411) |
Interest rate swap agreements with third-party counter-parties |  | 51 |  | 340,117 |  |  | 5.5 |  | 6.37% |  | 4.53% |  | 23,395 |
Risk participation agreements |  | 5 |  | 22,988 |  |  | 7.8 |  |  |  |  |  | (6) |
Total |  | 107 |  | $ | 703,222 |  |  |  |  |  |  |  |  | $ | (22) |
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) |
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 instruments were as follows:
|  | Years Ended December 31,
Derivatives not desi g nated as hed g in g instruments: |  | 2024 |  | 2023 |  |
Interest rate swap agreements with commercial loan customers: |  |  |  |  |  |
Unrealized (loss) recognized in non-interest income |  | $ | (4,056) |  |  | $ | 7,081 |  |  |
Interest rate swap agreements with third-party counter-parties: |  |  |  |  |  |
Unrealized gain recognized in non-interest income |  | 4,079 |  |  | (7,065) |  |  |
Risk participation agreements: |  |  |  |  |  |
Unrealized gain (loss) recognized in non-interest income |  | (6) |  |  | — |  |  |
Unrealized gain (loss) recognized in non-interest income |  | $ | 17 |  |  | $ | 16 |  |  |

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