v3.25.1
DERIVATIVE INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Interest Rate Swaps
The fair values of the interest rate swaps as of March 31, 2025 and December 31, 2024, were as follows (in thousands):
Fair Value
Derivative Assets (Liabilities)
Derivative InstrumentAggregate Notional AmountEffective DateMaturity DateMarch 31, 2025December 31, 2024
Interest rate swap$75,000 July 21, 2023January 10, 2025$— $14 
Interest rate swap50,000 July 21, 2023January 10, 2025— 9 
Interest rate swap100,000 January 10, 2025January 10, 2026(549)(624)
Interest rate swap50,000 January 10, 2025January 10, 2026(275)(312)
$(824)$(913)
Schedule of Net Unrealized Gains in/from AOCL The net unrealized gains on the effective swaps were recognized in Other comprehensive income (loss), as follows (in thousands):
Three Months Ended March 31,
20252024
Unrealized gain on interest rate hedges$89 $83 
The losses reclassified from Accumulated other comprehensive loss into interest expense for the three months ended March 31, 2025 and 2024, were as follows (in thousands):
Three Months Ended March 31,
20252024
Loss reclassified from accumulated other comprehensive loss into interest expense$510 $510