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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2021
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]  
Accumulated Other Comprehensive Income (Loss) (AOCIL), Net of Tax

A summary of changes in accumulated other comprehensive income (loss) (‘‘AOCIL’’), net of tax during the years ended December 31 follows:

 
Unrealized
Gains
(Losses) on
Securities
Available
for Sale
    
Dispropor-
tionate
Tax Effects
from
Securities
Available
for Sale
    
Unrealized
Losses on
Cash Flow
Hedges
    
Total
  
   
(In thousands)
  
2021
                        
Balances at beginning of period
  
$
15,822
    
$
(5,798
)
  
$
-
    
$
10,024
  
Other comprehensive loss before reclassifications
    
(8,408
)
    
-
      
-
      
(8,408
)
Amounts reclassified from AOCIL
    
(1,115
)
    
-
      
-
      
(1,115
)
Net current period other comprehensive loss
    
(9,523
)
    
-
      
-
      
(9,523
)
Balances at end of period
  
$
6,299
    
$
(5,798
)
  
$
-
    
$
501
  
                                 
2020
                                
Balances at beginning of period
  
$
3,739
    
$
(5,798
)
  
$
(1,727
)
  
$
(3,786
)
Other comprehensive income (loss) before reclassifications
    
12,294
      
-
      
(279
)
    
12,015
  
Amounts reclassified from AOCIL
    
(211
)
    
-
      
2,006
      
1,795
  
Net current period other comprehensive income
    
12,083
      
-
      
1,727
      
13,810
  
Balances at end of period
  
$
15,822
    
$
(5,798
)
  
$
-
    
$
10,024
  
                                 
2019
                                
Balances at beginning of period
  
$
(4,185
)
  
$
(5,798
)
  
$
(125
)
  
$
(10,108
)
Other comprehensive income (loss) before reclassifications
    
8,035
      
-
      
(1,266
)
    
6,769
  
Amounts reclassified from AOCIL
    
(111
)
    
-
      
(336
)
    
(447
)
Net current period other comprehensive income (loss)
    
7,924
      
-
      
(1,602
)
    
6,322
  
Balances at end of period
  
$
3,739
    
$
(5,798
)
  
$
(1,727
)
  
$
(3,786
)
Reclassifications Out of Each Component of AOCIL

A summary of reclassifications out of each component of AOCIL for the years ended December 31 follows:

AOCIL Component
  
Reclassified
From
AOCIL
  
 Affected Line Item in
 Consolidated Statements of Operations
   
(In thousands)
    
             
2021
          
Unrealized gains (losses) on securities available for sale
  
$
1,411
  
Net gains on securities available for sale
     
-
  
Net impairment loss recognized in earnings
     
1,411
  
Total reclassifications before tax
     
296
  
Income tax expense
   
$
1,115
  
Reclassifications, net of tax
                
2020
             
Unrealized gains (losses) on securities available for sale
  
$
267
  
Net gains on securities available for sale
     
-
  
Net impairment loss recognized in earnings
     
267
  
Total reclassifications before tax
     
56
  
Income tax expense
   
$
211
  
Reclassifications, net of tax
                
Unrealized gains (losses) on cash flow hedges
  
$
2,539
  
Interest expense
     
533
  
Income tax expense
   
$
2,006
  
Reclassification, net of tax
                
   
$
(1,795
)
Total reclassifications for the period, net of tax
                
2019
             
Unrealized gains (losses) on securities available for sale
  
$
140
  
Net gains on securities available for sale
     
-
  
Net impairment loss recognized in earnings
     
140
  
Total reclassifications before tax
     
29
  
Income tax expense
   
$
111
  
Reclassifications, net of tax
                
Unrealized gains (losses) on cash flow hedges
  
$
(425
)
Interest expense
     
(89
)
Income tax expense
   
$
(336
)
Reclassification, net of tax
                
   
$
447
  
Total reclassifications for the period, net of tax