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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Schedule of Impact to Financial Statements Upon Adoption of ASC 326

The following table illustrates the impact to our financial statements as of January 1, 2022 upon adoption of ASC 326:

	January 1, 2022
(In thousands)	Impact to Consolidated Statement of Condition from ASC-326 Adoption				Tax Effect				Impact to Retained Earnings from ASC-326 Adoption
Allowance for credit losses on loans	$	5,536			$	(1,490	)		$	4,046
Allowance for credit losses on off-balance sheet commitments		(188	)			51				(137	)
Total impact from ASC 326 adoption	$	5,348			$	(1,439	)		$	3,909

Schedule of Calculation of Basic and Diluted Earnings per Share

The following table shows the calculation of both basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020:

(In thousands, except share and per share data)		2022				2021				2020
Net income available to common shareholders		$	74,246			$	56,622			$	26,192
Basic weighted average shares outstanding			18,161,605				18,788,679				18,896,825
Plus: common stock equivalents			406,493				503,923				184,362
Diluted weighted average shares outstanding			18,568,098				19,292,602				19,081,187
Earnings per share:
Basic		$	4.09			$	3.01			$	1.39
Diluted			4.00				2.93				1.37

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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