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DERIVATIVE HEDGING INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2021
DERIVATIVE HEDGING INSTRUMENTS  
Schedule of interest rate swap transactions

The following table summarizes the interest rate swap transactions that impacted the Company’s 2021 and 2020 performance (in thousands, except percentages).

DECEMBER 31, 2021

INCREASE

AGGREGATE

WEIGHTED

(DECREASE)

NOTIONAL

AVERAGE RATE

REPRICING

IN INTEREST

HEDGE TYPE

AMOUNT

RECEIVED/(PAID)

FREQUENCY

EXPENSE

Swap assets

    

N/A

    

$

67,280

    

2.59

%  

Monthly

    

$

(857)

Swap liabilities

 

N/A

 

(67,280)

 

(2.59)

 

Monthly

 

857

Net exposure

 

 

 

 

  

 

DECEMBER 31, 2020

INCREASE

AGGREGATE

WEIGHTED

(DECREASE)

NOTIONAL

AVERAGE RATE

REPRICING

IN INTEREST

HEDGE TYPE

AMOUNT

RECEIVED/(PAID)

FREQUENCY

EXPENSE

Swap assets

    

N/A

    

$

46,760

    

2.91

%  

Monthly

    

$

(523)

Swap liabilities

 

N/A

 

(46,760)

 

(2.91)

 

Monthly

 

523

Net exposure