DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2025

DERIVATIVES

Schedule of offsetting of derivative assets and liabilities

Derivative assets and derivative liabilities with the same counterparty are presented on a net basis when master netting agreements are in place. The estimated fair value of derivatives not designated as hedging instruments are as follows (dollars in thousands):

	December 31, 2025
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	7,919	$	7,919
Less: master netting arrangements		(572)		(572)
Less: cash collateral applied		(6,480)		—
Net amount	$	867	$	7,347

	December 31, 2024
	Derivative		Derivative
	Assets		Liabilities
Gross interest rate swaps	$	13,735	$	13,735
Less: master netting arrangements		—		—
Less: cash collateral applied		(13,735)		—
Net amount	$	—	$	13,735