XML 42 R31.htm IDEA: XBRL DOCUMENT v3.23.2
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table provides outstanding interest rate swaps as of June 30, 2023 and December 31, 2022.

($ in thousands)
June 30, 2023December 31, 2022
Notional amount$361,749 $328,756 
Weighted average pay rate4.5 %4.6 %
Weighted average receive rate4.5 %4.3 %
Weighted average maturity in years5.776.11
Schedule of Derivative Liabilities at Fair Value
The following table provides the fair value of interest rate swap contracts at June 30, 2023 and December 31, 2022 included in other assets and other liabilities.

($ in thousands)
June 30, 2023December 31, 2022
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
Interest rate swap contracts$12,469 $12,469 12,825 $12,825 
Schedule of Derivative Assets at Fair Value
The following table provides the fair value of interest rate swap contracts at June 30, 2023 and December 31, 2022 included in other assets and other liabilities.

($ in thousands)
June 30, 2023December 31, 2022
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
Interest rate swap contracts$12,469 $12,469 12,825 $12,825