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INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Deferred tax assets: |  |
Bad debts | $ 21,909 | $ 18,384
Pension and deferred compensation liability | 2,166 | 1,823
Nonaccrual loan interest | 955 | 494
Long-term incentive plan | 1,755 | 2,342
Lease liability | 1,727 | 1,199
Deferred loan fees | 574 | 781
Accrued legal reserve | 0 | 635
Net operating loss carryforward | 1,343 | 913
Other | 724 | 591
Deferred tax asset | 31,153 | 27,162
Deferred tax liabilities: |  |
Depreciation | 3,324 | 3,645
Loan servicing rights | 502 | 570
State taxes | 1,153 | 949
Intangible assets | 1,267 | 1,270
REIT spillover dividend | 2,040 | 2,140
Prepaid expenses | 900 | 801
Lease right of use | 1,727 | 1,199
Other | 331 | 480
Deferred tax liability | 11,244 | 11,054
Valuation allowance | 0 | 0
Net deferred tax asset | $ 19,909 | $ 16,108

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