XML 65 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1

BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes the Corporation’s borrowings as of December 31, 2024 and 2023:

			December 31, 2024						December 31, 2023
Federal funds purchased			$	99,226					$	—
Securities sold under repurchase agreements			142,876						157,280
Federal Home Loan Bank advances			822,554						712,852
Subordinated debentures and other borrowings			93,529						158,644
Total Borrowings			$	1,158,185					$	1,028,776

Schedule of Collateral Pledged for all Repurchase Agreements Accounted for as Secured Borrowings

The collateral pledged for all repurchase agreements that are accounted for as secured borrowings as of December 31, 2024 and 2023 were:

			December 31, 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			$	142,876					$	—					$	—					$	—					$	142,876

			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

Schedule of Maturities of Long-term Debt

Contractual maturities of borrowings as of December 31, 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
2025			$	99,226					$	142,876					$	95,000					$	1,157
2026			—						—						75,000						—
2027			—						—						250,000						—
2028			—						—						190,000						5,000
2029			—						—						150,000						30,000
2030 and after			—						—						62,554						60,753
ASC 805 fair value adjustments at acquisition			—						—						—						(3,381)
			$	99,226					$	142,876					$	822,554					$	93,529

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for repurchase agreements.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration