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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

$