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COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended
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Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Credit-Related Financial Instruments | Credit-related financial instruments at March 31, 2025 and December 31, 2024 were as follows:
| March 31, |  | December 31,
| 2025 |  | 2024
| (In thousands)
Commitments to extend credit | $ | 1,338,010 |  |  | $ | 1,360,351 |
Commercial letters of credit | 2,308 |  |  | 1,096 |
The summary of instruments that are considered financial guarantees in accordance with the authoritative guidance related to guarantor’s accounting and disclosure requirements for guarantees, including indirect guarantees of indebtedness of others, at March 31, 2025 and December 31, 2024, is as follows:
| March 31, |  | December 31,
| 2025 |  | 2024
| (In thousands)
Standby letters of credit and financial guarantees | $ | 25,321 |  |  | $ | 25,321 |
Loans sold with recourse | 88,764 |  |  | 90,464 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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