DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

The Company presents derivative position gross on the balance sheet. The following reflects the fair value of derivatives recorded on the Condensed Consolidated Balance Sheets for the respective periods:

	As of September 30, 2025				As of December 31, 2024
(dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Included in other assets:
Derivatives designated as hedges:
Interest rate swaps – cash flow hedge	$	—	$	—	$	50,000	$	129
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans	66,486		1,014		70,353		931
Total included in other assets			$	1,014			$	1,060
Included in other liabilities:
Derivatives designated as hedges:
Interest rate swaps – cash flow hedge	$	250,000	$	915	$	—	$	—
Interest rate swaps – fair value hedge	200,000		917		—		—
Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans	66,486		1,043		70,353		956
Total included in other liabilities			$	2,875			$	956

The effect of cash flow hedge accounting on accumulated OCI for the periods noted are as follows:

		Three Months Ended September 30,
		2025				2024
(dollars in thousands)	Location of Gain (Loss) Reclassified from OCI into Income	Amount of Gain (Loss) Recognized in OCI on Derivative		Amount of Gain (Loss) Reclassified from OCI into Income		Amount of Gain (Loss) Recognized in OCI on Derivative		Amount of Gain (Loss) Reclassified from OCI into Income
Interest rate swap - FHLB borrowings	Interest expense - Other borrowed funds	$	25	$	62	$	(451)	$	184
Interest rate swaps - Variable rate deposits	Interest expense - Deposits	(324)		367		—		—
		$	(299)	$	429	$	(451)	$	184

		Nine Months Ended September 30,
		2025				2024
(dollars in thousands)	Location of Gain (Loss) Reclassified from OCI into Income	Amount of Gain (Loss) Recognized in OCI on Derivative		Amount of Gain (Loss) Reclassified from OCI into Income		Amount of Gain (Loss) Recognized in OCI on Derivative		Amount of Gain (Loss) Reclassified from OCI into Income
Interest rate swap - FHLB borrowings	Interest expense - Other borrowed funds	$	65	$	180	$	323	$	553
Interest rate swaps - Variable rate deposits	Interest expense - Deposits	(324)		367		—		—
		$	(259)	$	547	$	323	$	553

The following amounts were recorded on the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges for the respective period (dollars in thousands):

	September 30, 2025
Condensed consolidated balance sheet line item	Amortized cost of the Hedged Assets		Amortized Cost of Fair Value Hedging Included in the Carrying Amount of the Hedged Assets
Loans	$	441,192	$	915

The effects of the fair value hedge relationships on the Condensed Consolidated Statements of Income were as follows:

		Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	Location of Gain (Loss)	2025		2024		2025		2024
Interest rate swap	Interest income - Loans	$	(559)	$	—	$	(559)	$	—
Loans	Interest income - Loans	$	915	$	—	$	915	$	—