DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - (Tables)

9 Months Ended

Sep. 30, 2023

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of fair value of the Company's derivative financial instruments

(Dollars in thousands)	September 30, 2023
	Derivative Assets			Derivative Liabilities
	Location		Fair Value	Location		Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Other Assets	$	228	Other Liabilities	$	—
Total		$	228		$	—

(Dollars in thousands)	December 31, 2022
	Derivative Assets			Derivative Liabilities
	Location		Fair Value	Location		Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Other Assets	$	—	Other Liabilities	$	—
Total		$	—		$	—

Schedule of cumulative amount of fair value hedging adjustment included carrying amount of hedged assets

(Dollars in thousands)		September 30,		December 31,
		2023		2022
Carrying amount of hedged assets:		Closed Portfolio Amount		Closed Portfolio Amount
Available-for-sale - Municipals	$	51,041	$	—
Available-for-sale - MBS		36,471		—
Total	$	87,512	$	—
Interst rate swaps notional amount	$	50,000	$	—

Schedule of cumulative amount of fair value hedging adjustment included carrying amount of assets

(Dollars in thousands)		September 30,		December 31,
		2023		2022
Cumulative amount of fair value hedging adjustment included in the carrying amount of assets:
Available-for-sale - Municipals	$	100	$	—
Available-for-sale - MBS		32		—
Total	$	132	$	—

Schedule of pre-tax effects of the Company's derivative instruments designated as fair value hedges

(Dollars in thousands)		September 30,
		2023		2022
Amount of gain recognized in other comprehensive loss	$	132	$	—
Amount of gain (loss) , net of fair value re-measurements, included in interest income		7		—

Schedule of pre-tax effects of the Company's derivative instruments designated as cash flow hedges

(Dollars in thousands)		September 30,
		2023		2022
Amount of gain recognized in other comprehensive loss	$	102	$	—
Amount of gain (loss) reclassified from accumulated other comprehensive income to interest expense		24		—
Interest rate swaps notional amount	$	100,000	$	—