DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 as of the dates noted:


	As of March 31, 2026				As of December 31, 2025
(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	$	250,000	$	500	$	—	$	—
Interest rate swaps – fair value hedge	200,000		444		—		—

Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans	60,882		692		70,703		952

Total included in other assets			$	1,636			$	952

Included in other liabilities:
Derivatives designated as hedges:
Interest rate swaps – cash flow hedge	$	—	$	—	$	250,000	$	777
Interest rate swaps – fair value hedge	—		—		200,000		719

Derivatives not designated as hedging instruments:
Interest rate swaps related to customer loans	60,882		718		70,703		976

Total included in other liabilities			$	718			$	2,472

The effect of cash flow hedge accounting on accumulated other comprehensive income were as follows:


		Three Months Ended March 31,
		2026				2025
(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	$	(5)	$	(24)	$	(25)	$	59
Interest rate swaps - Variable rate deposits	Interest expense - Deposits	1,081		125		—		—
		$	1,076	$	101	$	(25)	$	59

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):


	March 31, 2026
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	$	431,108	$	(420)

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


		Three Months Ended March 31,
(dollars in thousands)	Location of Gain (Loss)		2026		2025
Interest rate swap	Interest income - Loans		$	553	$	—
Loans	Interest income - Loans		(420)		—