Annual report pursuant to Section 13 and 15(d)

DERIVATIVES (Tables)

v3.22.0.1
DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2021
Derivatives [Abstract]  
Cash flow hedges included in the Consolidated Statement of Financial Condition
Statement of Financial
Notional
Fair
 
Weighted Average
(Dollars in Thousands)
Condition Location
 
Amount
Value
 
Maturity (Years)
Interest rate swaps related to subordinated debt:
December 31, 2021
Other Assets
$
30,000
$
2,050
 
8.5
December 31, 2020
Other Assets
$
30,000
$
574
9.5
Net gains (losses) recorded in accumulated other comprehensive income
Amount of Gain
Amount of Gain
(Loss) Recognized
(Loss) Reclassified
(Dollars in Thousands)
Category
in AOCI
from AOCI to Income
December 31, 2021
Interest Expense
$
1,530
 
$
(151)
December 31, 2020
Interest Expense
$
428
 
$
(64)