XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.23.3

BORROWINGS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Borrowed Funds Outstanding | The following summarizes the Company's short-term borrowed funds as presented on the consolidated statements of condition as of the dates indicated:
(In thousands) |  | September 30, 2023 |  | December 31, 2022
Short-Term Borrowings: |  |  |  |
Customer Repurchase Agreements |  | $ | 210,140 |  |  | $ | 196,451 |
Bank Term Funding Program(1) |  | 135,000 |  |  | — |
Overnight Borrowings |  | — |  |  | 18,725 |
FHLBB Borrowings |  | 125,000 |  |  | 50,000 |
Total Short-Term Borrowings |  | $ | 470,140 |  |  | $ | 265,176 |
(1) In the second quarter of 2023, the Company borrowed $135.0 million from the BTFP for a period of one year at a fixed rate of 4.70%. Under the program, the Company may prepay this borrowing at any time without penalty and the borrowing is secured by the Company's MBS and CMO securities at par. The Company did not have any long-term borrowings as of the dates indicated.

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