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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023, 2022 and 2021:
(In thousands, except share and per share data) |  | 2023 |  |  | 2022 |  |  | 2021 |
Net income available to common shareholders |  | $ | 48,854 |  |  | $ | 74,246 |  |  | $ | 56,622 |
Basic weighted average shares outstanding |  |  | 17,849,558 |  |  |  | 18,161,605 |  |  |  | 18,788,679 |
Plus: common stock equivalents |  |  | 199,494 |  |  |  | 406,493 |  |  |  | 503,923 |
Diluted weighted average shares outstanding |  |  | 18,049,052 |  |  |  | 18,568,098 |  |  |  | 19,292,602 |
Earnings per share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.74 |  |  | $ | 4.09 |  |  | $ | 3.01 |
Diluted |  |  | 2.71 |  |  |  | 4.00 |  |  |  | 2.93 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482989/270-10-45-12 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482989/270-10-45-13 + Details
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