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BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Borrowings

The following table summarizes long-term debt, net of debt issuances costs, at the dates indicated:

			December 31
			2022						2021
			(Dollars in thousands)
Long term borrowings, net			$	—					$	14,063
Junior subordinated debentures
Capital Trust V			51,514						51,512
Central Trust I			5,258						5,258
Central Trust II			6,083						6,083
Subordinated debentures			49,885						49,791
Total long-term debt			$	112,740					$	126,707

Information relating to Trust Preferred Securities [Table Text Block]

Information relating to these trust preferred securities at December 31, 2022 is as follows:

Trust						Principal Amount						Maturity Date						Interest Rate Spread						All-in Rate
						(Dollars in thousands)
Capital Trust V						$	50,000					3/15/2037						1.48%						6.25%
Central Trust I (1)						$	5,100					9/16/2034						2.44%						7.21%
Central Trust II (1)						$	5,900					3/15/2037						1.65%						6.42%

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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