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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Fair Value [Abstract]  
Effect of Fair Value and Cash Flow Hedge Accounting on AOCI

The following table presents the effect of the Company’s cash flow hedge accounting on Accumulated Other Comprehensive Income for the years ended December 31, 2022 and 2021 (in thousands):

The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income
  
   
Amount of (Loss) Gain Recognized in OCI on
Derivatives
  
 Location of Gain
Reclassified from
Accumulated OCI
 into Income
  
Amount of (loss) gain reclassified
from Accumulated OCI into income
  
   
Year Ended December 31,
    
Year Ended December 31,
  
Derivatives in Hedging relationships
  
2022
    
2021
    
2022
    
2021
  
Interest rate Products
  
$
4,963
    
$
1,920
  
Interest Expense
  
$
145
    
$
(147
)

Derivatives Designated as Hedging Instruments Under ASC 815 [Member]  
Derivative Fair Value [Abstract]  
Estimated Fair Value Positions of Derivative Contracts
Derivatives designated as hedging instruments under ASC 815 (in thousands):

                       
Fair Value
December 31,
  
Third party interest rate swaps
Balance Sheet Location
  
Notional
Amount
  
Interest rate
Paid
Interest rate
Received
  
2022
    
2021
  
Maturing in 2025
other assets/(other liabilities)
  
$
15,000
  
Fixed - 0.57%
3-Month Libor
  
$
1,269
    
$
291
Maturing in 2027
other assets/(other liabilities)
    
10,000
  
Fixed - 0.65%
3-Month Libor
    
1,324
      
361
Maturing in 2027
other assets/(other liabilities)
    
7,500
  
Fixed - 3.57%
3-Month Libor + 280
    
995
      
239
Maturing in 2027
other assets/(other liabilities)
    
6,000
  
Fixed - 0.61%
3-Month Libor
    
822
      
244
  
Maturing in 2029
other assets/(other liabilities)
    
6,000
  
Fixed - 0.72%
3-Month Libor
    
1,065
      
329
  
Maturing in 2032
other assets/(other liabilities)
    
6,000
  
Fixed - 0.82%
3-Month Libor
    
1,398
      
446
  
       
$
50,500
          
$
6,873
    
$
1,910
Derivatives Not Designated as Hedging Instruments Under ASC 815 [Member]  
Derivative Fair Value [Abstract]  
Estimated Fair Value Positions of Derivative Contracts
Derivatives not designated as hedging instruments under ASC 815 (in thousands):


     
December 31, 2022
    
December 31, 2021
  
Interest Rate Products
Balance Sheet Location
  
Notional Amount
    
Fair Value
    
Notional Amount
    
Fair Value
  
Zero Premium Collar
other assets/(other liabilities)
  
$
71,776
    
$
(9,726
)
  
$
67,375
    
$
(1,817
)
Zero Premium Collar
other assets/(other liabilities)
  
$
-
    
$
-
    
$
19,938
    
$
284
  
 
 
                                
Dealer Offset to Zero Premium Collar
other assets/(other liabilities)
  
$
71,776
    
$
9,726
    
$
67,375
    
$
1,817
  
Dealer Offset to Zero Premium Collar
other assets/(other liabilities)
  
$
-
    
$
-
    
$
19,938
    
$
(284
)