DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - (Tables)

6 Months Ended

Jun. 30, 2024

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

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

(Dollars in thousands)	June 30, 2024
	Derivative Assets			Derivative Liabilities
	Location		Fair Value	Location		Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Other Assets	$	—	Other Liabilities	$	741
Total		$	—		$	741

(Dollars in thousands)	December 31, 2023
	Derivative Assets			Derivative Liabilities
	Location		Fair Value	Location		Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Other Assets	$	—	Other Liabilities	$	4,501
Total		$	—		$	4,501

Schedule of derivative liabilities subject to an enforceable master netting arrangement

Gross Net Amounts

			Amounts		of Liabilities
			Offset		Presented
	Gross		in the		in the
(Dollars in thousands)	Amounts of		Consolidated		Consolidated				Cash
	Recognized		Balance		Balance		Financial		Collateral		Net
	Liabilities		Sheet		Sheet		Instruments		Pledge		Amount
June 30, 2024
Derivatives	$	741	$	—	$	741	$	—	$	(741)	$	—
December 31, 2023
Derivatives	$	4,501	$	—	$	4,501	$	—	$	(4,501)	$	—

Schedule of the remaining contractual maturity of the master netting arrangements

	Remaining Contractual Maturity of the Agreements
							Greater
(Dollars in thousands)	Up to		1 to 3		3 to 5		than
	1 Year		Years		Years		5 Years		Total
June 30, 2024:
Derivatives	$	—	$	—	$	741	$	—	$	741
Total	$	—	$	—	$	741	$	—	$	741

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

(Dollars in thousands)		June 30,		December 31,
		2024		2023
Carrying amount of hedged assets:		Closed Portfolio Amount		Closed Portfolio Amount
Available-for-sale - Municipals	$	50,809	$	50,964
Available-for-sale - MBS		34,261		35,806
Total	$	85,070	$	86,770
Interest rate swaps notional amount	$	50,000	$	50,000

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

(Dollars in thousands)		June 30,		December 31,
		2024		2023
Cumulative amount of fair value hedging adjustment included in the carrying amount of assets:
Available-for-sale - Municipals	$	(222)	$	(1,230)
Available-for-sale - MBS		(73)		(407)
Total	$	(295)	$	(1,637)

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

(Dollars in thousands)		June 30,
		2024		2023
Amount of loss recognized in other comprehensive loss	$	(233)	$	—
Amount of gain, net of fair value re-measurements, included in interest income		272		—

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

(Dollars in thousands)		June 30,
		2024		2023
Amount of loss recognized in other comprehensive loss	$	(366)	$	—
Amount of gain reclassified from accumulated other comprehensive loss to interest expense		502		—
Interest rate swaps notional amount	$	100,000	$	—