DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2020

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of the derivative instruments outstanding

								Weighted
								Average
		Notional		Fair				Maturity
(Dollars in thousands)	Classification	Amounts		Value		Fixed Rate	Floating Rate	(Years)
June 30, 2020
Interest rate swaps with customers	Other Assets	$	143,202	$	10,111	3.25% - 5.89%	LIBOR 1M + 2.50% - 3.00%	6.65
Interest rate swaps with financial institution	Other Liabilities		143,202		(10,111)	3.25% - 5.89%	LIBOR 1M + 2.50% - 3.00%	6.65
Credit risk participation agreement with financial institution	Other Liabilities		14,473		(67)	3.50%	LIBOR 1M + 2.50%	9.75
Total derivatives		$	300,877	$	(67)

								Weighted
								Average
		Notional		Fair				Maturity
(Dollars in thousands)	Classification	Amounts		Value		Fixed Rate	Floating Rate	(Years)
December 31, 2019
Interest rate swaps with customers	Other Assets	$	69,189	$	2,599	4.40% - 5.89%	LIBOR 1M + 2.50% - 3.00%	6.65
Interest rate swaps with financial institution	Other Assets		5,987		39	4.00%	LIBOR 1M + 2.50%	6.71
Interest rate swaps with customers	Other Liabilities		5,987		(39)	4.00%	LIBOR 1M + 2.50%	6.71
Interest rate swaps with financial institution	Other Liabilities		69,189		(2,599)	4.40% - 5.89%	LIBOR 1M + 2.50% - 3.00%	6.65
Total derivatives		$	150,352	$	—