OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Dec. 31, 2021

OTHER COMPREHENSIVE INCOME

Summary of OCI components and related tax effects

Years Ended December 31, (in thousands)	2021		2020		2019
Available-for-Sale Debt Securities:
Unrealized gains and (losses) on AFS debt securities	$	(8,908)	$	7,147	$	5,689
Unrealized gain (loss) of AFS debt security for which a portion of OTTI has been recognized in earnings		63		(35)		(79)
Net unrealized (losses) gains		(8,845)		7,112		5,610
Tax effect		2,210		(1,778)		(1,348)
Net of tax		(6,635)		5,334		4,262
Cash Flow Hedges:
Change in fair value of derivatives used for cash flow hedges		—		(177)		(199)
Reclassification amount for net derivative losses realized in income		—		281		(20)
Net gains (losses)		—		104		(219)
Tax effect		—		(27)		52
Net of tax		—		77		(167)
Total other comprehensive (loss) income components, net of tax	$	(6,635)	$	5,411	$	4,095

Summary of amounts reclassified out of each component of AOCI

		Amounts Reclassified From
	Affected Line Items	Accumulated Other
	in the Consolidated	Comprehensive Income (Loss)
Years Ended December 31, (in thousands)	Statements of Income	2021		2020		2019
Cash Flow Hedges:
Interest rate swap on money market deposits	Interest expense on deposits		—		(138)		10
Interest rate swap on FHLB advance	Interest expense on FHLB advances		—		(143)		10
Total derivative losses on cash flow hedges	Total interest expense		—		(281)		20
Tax effect	Income tax expense		—		70		(5)
Net of tax	Net income		—		(211)		15

Summary of the AOCI balances, net of tax

			2021
(in thousands)	December 31, 2020		Change		December 31, 2021
Unrealized gain (loss) on AFS debt securities	$	7,571	$	(6,681)	$	890
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings		938		46		984
Total unrealized gain (loss)	$	8,509	$	(6,635)	$	1,874

			2020
(in thousands)	December 31, 2019		Change		December 31, 2020
Unrealized gain on AFS debt securities	$	2,211	$	5,360	$	7,571
Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings		964		(26)		938
Unrealized (loss) gain on cash flow hedges		(77)		77		—
Total unrealized gain	$	3,098	$	5,411	$	8,509