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v3.25.1

BORROWINGS (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Borrowed Funds Outstanding | The following summarizes the Company's borrowings as presented on the consolidated statements of condition as of the dates indicated:
(In thousands) |  | March 31, 2025 |  | December 31, 2024
Short-Term Borrowings: |  |  |  |
FHLBB Borrowings(1) |  | $ | 325,000 |  |  | $ | 325,000 |
Customer Repurchase Agreements(2) |  | 242,436 |  |  | 175,621 |
Total Short-Term Borrowings |  | $ | 567,436 |  |  | $ | 500,621 |
Junior Subordinated Debentures: |  |  |  |
CCTA(1) |  | $ | 36,083 |  |  | $ | 36,083 |
UBCT(1) |  | 8,248 |  |  | 8,248 |
NCT III(1)(3) |  | 8,479 |  |  | — |
NCT IV(1)(3) |  | 8,480 |  |  | — |
Total Junior Subordinated Debentures |  | $ | 61,290 |  |  | $ | 44,331 |
(1) The Company has interest rate swap contracts on certain borrowings. Refer to Note 10 for further discussion of derivative instruments. (2) The Company assumed customer repurchase agreements of $65.5 million through the acquisition of Northway on January 2, 2025. Refer to Note 8 for further discussion of the Company's customer repurchase agreements and to Note 3 for further details of the acquisition of Northway. (3) The Company assumed junior subordinated debentures through the acquisition of Northway on January 2, 2025. Refer to Note 3 for further details on the accounting for the junior subordinated debentures on the acquisition date.

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- 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
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