DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2021

DERIVATIVE FINANCIAL INSTRUMENTS

Summary of fair values of Company's derivative instrument assets and liabilities related to interest rate swap contracts

	December 31, 2021				December 31, 2020
	Notional		Fair		Notional		Fair
	Amount		Value		Amount		Value
	(dollars in thousands)
Fair value recorded in other liabilities	$	17,000	$	(680)	$	17,000	$	(1,458)

Schedule of the effect of interest rate contracts designated as cash flow hedges on the consolidated statements of income

Location of gross gain (loss) reclassified	Amounts of gross gain (loss)
from accumulated other	reclassified from accumulated
comprehensive income to income	other comprehensive income
	Year Ended December 31,
	2021		2020		2019
Designated as cash flow hedges:	(dollars in thousands)
Taxable loan interest income	$	—	$	64	$	116
Junior subordinated debentures interest expense		(412)		(302)		(29)
Total	$	(412)	$	(238)	$	87

Summary of interest rate swap agreements not designated as hedging instruments

	December 31, 2021				December 31, 2020
	Notional		Fair		Notional		Fair
	Amount		Value		Amount		Value
	(dollars in thousands)
Fair value recorded in other assets:
Interest rate swaps with a commercial borrower counterparty	$	112,041	$	8,622	$	122,313	$	15,360
Interest rate swaps with a financial institution counterparty		3,880		75		—		—
Total fair value recorded in other assets	$	115,921	$	8,697	$	122,313	$	15,360
Fair value recorded in other liabilities:
Interest rate swaps with a commercial borrower counterparty	$	3,880	$	(75)	$	—	$	—
Interest rate swaps with a financial institution counterparty		112,041		(8,622)		122,313		(15,360)
Total fair value recorded in other liabilities	$	115,921	$	(8,697)	$	122,313	$	(15,360)

Summary of the effect of interest rate contracts not designated as hedging instruments recognized in other noninterest income

	Year Ended December 31,
	2021		2020		2019
Not designated as hedging instruments:	(dollars in thousands)
Gross gains	$	13,773	$	24,758	$	13,537
Gross losses		(13,773)		(24,758)		(13,500)
Net gains (losses)	$	—	$	—	$	37