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DERIVATIVES (Tables)

12 Months Ended

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 designated as hedging 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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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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