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BORROWED FUNDS (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds at September 30, 2024 and December 31, 2023 are summarized as follows:

						September 30, 2024												December 31, 2023
												Weighted												Weighted
												Average												Average
(Dollars in thousands)						Principal						Rate						Principal						Rate
Short-term debt:
Advances from the FHLB						$	353,500					5.73		%				$	260,000					5.54		%
Total short-term borrowings:						353,500						5.73						260,000						5.54
Long-term debt:
Advances from the FHLB and other borrowings						232,042						4.09						125,223						4.80
Subordinated borrowings						98,482						5.50						98,335						5.50
Junior subordinated borrowing - Trust I						15,464						7.21						15,464						7.49
Junior subordinated borrowing - Trust II						7,603						6.91						7,564						7.35
Total long-term borrowings:						353,591						4.68						246,586						5.33
Total						$	707,091					5.20		%				$	506,586					5.44		%

Schedule of Maturities of FHLBB Advances

A summary of maturities of FHLB advances as of September 30, 2024 is as follows:

						September 30, 2024
												Weighted Average
(In thousands, except rates)						Principal						Rate
Fixed rate advances maturing:
2024						$	270,000					5.44		%
2025						258,500						5.08
2026						25,493						3.75
2027						25,150						3.65
2028 and beyond						6,399						0.71
Total FHLB advances						$	585,542					5.08		%

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- Definition

Tabular disclosure of the contractual maturities and weighted average interest rates on borrowings or advances from Federal Home Loan Bank.

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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.

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