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BORROWINGS (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Summary of Borrowings | The following table summarizes the Corporation’s borrowings as of September 30, 2024 and December 31, 2023:
| September 30, 2024 |  | December 31, 2023
Federal funds purchased | $ | 30,000 |  |  | $ | — |
Securities sold under repurchase agreements | 124,894 |  |  | 157,280 |
Federal Home Loan Bank advances | 832,629 |  |  | 712,852 |
Subordinated debentures and other borrowings | 93,562 |  |  | 158,644 |
Total Borrowings | $ | 1,081,085 |  |  | $ | 1,028,776 |
Summary of Collateral Pledged for Repurchase Agreements | The collateral pledged for all repurchase agreements that are accounted for as secured borrowings as of September 30, 2024 and December 31, 2023 were:
| September 30, 2024
| Remaining Contractual Maturity of the Agreements
| Overnight and Continuous |  | Up to 30 Days |  | 30-90 Days |  | Greater Than 90 Days |  | Total
U.S. Government-sponsored mortgage-backed securities | $ | 124,894 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 124,894 |
| December 31, 2023
| Remaining Contractual Maturity of the Agreements
| Overnight and Continuous |  | Up to 30 Days |  | 30-90 Days |  | Greater Than 90 Days |  | Total
U.S. Government-sponsored mortgage-backed securities | $ | 157,280 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 157,280 |
Summary of Contractual Maturities of Borrowings | Contractual maturities of borrowings as of September 30, 2024, are as follows:
Maturities in Years Ending December 31: | Federal Funds Purchased |  | Securities Sold Under Repurchase Agreements |  | Federal Home Loan Bank Advances |  | Subordinated Debentures and Term Loans
2024 | $ | 30,000 |  |  | $ | 124,894 |  |  | $ | 10,000 |  |  | $ | 1,164 |
2025 | — |  |  | — |  |  | 95,000 |  |  | — |
2026 | — |  |  | — |  |  | 75,000 |  |  | — |
2027 | — |  |  | — |  |  | 250,000 |  |  | — |
2028 | — |  |  | — |  |  | 190,000 |  |  | 5,000 |
2029 and after | — |  |  | — |  |  | 212,629 |  |  | 90,846 |
ASC 805 fair value adjustments at acquisition | — |  |  | — |  |  | — |  |  | (3,448) |
| $ | 30,000 |  |  | $ | 124,894 |  |  | $ | 832,629 |  |  | $ | 93,562 |

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