DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2022

DERIVATIVE FINANCIAL INSTRUMENTS

Derivative instruments outstanding

								Weighted
								Average
		Notional		Fair				Maturity
(Dollars in thousands)	Classification	Amounts		Value		Fixed Rate	Floating Rate	(Years)
September 30, 2022
Interest rate swaps with financial institutions	Other assets	$	87,537	$	8,485	3.25% - 5.58%	LIBOR 1M + 2.50% - 3.00%	4.58
Interest rate swaps with customers	Other assets		22,676		1,021	5.35% - 5.40%	SOFR CME 1M + 2.50%	10.22
Interest rate swaps with financial institutions	Other assets		5,057		438	4.99%	U.S. Prime	5.21
Interest rate swaps with customers	Other liabilities		5,057		(438)	4.99%	U.S. Prime	5.21
Interest rate swaps with financial institutions	Other liabilities		22,676		(1,021)	5.35% - 5.40%	SOFR CME 1M + 2.50%	10.22
Interest rate swaps with customers	Other liabilities		87,537		(8,485)	3.25% - 5.58%	LIBOR 1M + 2.50% - 3.00%	4.58
Credit risk participation agreement with financial institution	Other assets		13,163		2	3.50%	LIBOR 1M + 2.50%	7.49
Credit risk participation agreement with financial institution	Other assets		8,503		25	5.35% - 5.40%	SOFR CME 1M + 2.50%	10.22
Total derivatives		$	252,206	$	27
December 31, 2021
Interest rate swaps with customers	Other assets	$	56,440	$	2,474	4.00% - 5.60%	LIBOR 1M + 2.50% - 3.00%	5.10
Interest rate swaps with financial institutions	Other assets		66,650		875	3.25% - 3.50%	LIBOR 1M + 2.50%	5.59
Interest rate swaps with customers	Other assets		5,141		194	4.99%	U.S. Prime	5.96
Interest rate swaps with financial institutions	Other liabilities		5,141		(194)	4.99%	U.S. Prime	5.96
Interest rate swaps with financial institutions	Other liabilities		56,440		(2,474)	4.00% - 5.60%	LIBOR 1M + 2.50% - 3.00%	5.10
Interest rate swaps with customers	Other liabilities		66,650		(875)	3.25% - 3.50%	LIBOR 1M + 2.50%	5.59
Credit risk participation agreement with financial institution	Other assets		13,563		15	3.50%	LIBOR 1M + 2.50%	8.24
Total derivatives		$	270,025	$	15