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BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Federal Home Loan Bank Borrowings | The table below shows the outstanding borrowings December 31, 2023, as well as the contractual rates and effective rates, net of any swap impact:
|  |  |  | Weighted |  |
|  |  |  | Average |  | Effective Rate,
|  | Total |  | Contractual |  | Net of
|  | Outstanding |  | Rate |  | Swap Impact
|  | (Dollars in thousands)
Overnight Borrowings |  | $ | 705,000 |  |  | 5.54 | % |  | n/a
1-Month Term |  | 400,000 |  |  | 5.50 | % |  | 3.83 | %
Amortizing |  | 541 |  |  | 1.40 | % |  | n/a
Total |  | $ | 1,105,541 |  |  |  |  |
Schedule of Long-term Borrowings | The following table summarizes long-term debt, net of debt issuances costs, at the dates indicated:
| December 31
| 2023 |  | 2022
| (Dollars in thousands)
Junior subordinated debentures |  |  |
Capital Trust V | 51,517 |  |  | 51,514 |
Central Trust I | 5,258 |  |  | 5,258 |
Central Trust II | 6,083 |  |  | 6,083 |
Subordinated debentures | 49,980 |  |  | 49,885 |
Total long-term debt | $ | 112,838 |  |  | $ | 112,740 |
Information relating to Trust Preferred Securities [Table Text Block] | Information relating to these trust preferred securities at December 31, 2023 is as follows:
Trust |  | Principal Amount |  | Maturity Date |  | Credit Spread |  | All-in Rate
|  | (Dollars in thousands)
Capital Trust V |  | $ | 50,000 |  |  | 3/15/2037 |  | 1.48% |  | 7.13%
Central Trust I (1) |  | $ | 5,100 |  |  | 9/16/2034 |  | 2.44% |  | 8.09%
Central Trust II (1) |  | $ | 5,900 |  |  | 3/15/2037 |  | 1.65% |  | 7.30%

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