Carter Bankshares (CARE) 10-K 8 Mar 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 04, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-39731
Entity Registrant Name	CARTER BANKSHARES, INC.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	85-3365661
Entity Address, Address Line One	1300 Kings Mountain Road,
Entity Address, City or Town	Martinsville,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	24112
City Area Code	276
Local Phone Number	656-1776
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	CARE
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 339,949,437
Entity Common Stock, Shares Outstanding		23,022,221
Documents Incorporated by Reference	Portions of the definitive Proxy Statement of Carter Bankshares, Inc., to be filed pursuant to Regulation 14A for the 2024 annual meeting of shareholders to be held May 22, 2024, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Amendment Flag	false
Entity Central Index Key	0001829576
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	Crowe LLP
Auditor Location	Washington, D.C.
Auditor Firm ID	173

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and Due From Banks, including Interest-Bearing Deposits of $14,853 at December 31, 2023 and $4,505 at December 31, 2022	$ 54,529,000	$ 46,869,000
Securities Available-for-Sale, at Fair Value (amortized cost of $870,546 and $945,707, respectively)	779,003,000	836,273,000
Loans Held-for-Sale	0	0
Portfolio Loans	3,505,910,000	3,148,913,000
Allowance for Credit Losses	(97,052,000)	(93,852,000)
Portfolio Loans, net	3,408,858,000	3,055,061,000
Bank Premises and Equipment, net	73,707,000	72,114,000
Other Real Estate Owned, net	2,463,000	8,393,000
Federal Home Loan Bank Stock, at Cost	21,626,000	9,740,000
Bank Owned Life Insurance	58,115,000	56,734,000
Other Assets	114,238,000	119,335,000
Total Assets	4,512,539,000	4,204,519,000
Deposits:
Noninterest-Bearing Demand	685,218,000	705,539,000
Interest-Bearing Demand	481,506,000	496,948,000
Money Market	513,664,000	484,238,000
Savings	454,876,000	684,287,000
Certificates of Deposit	1,586,651,000	1,261,526,000
Total Deposits	3,721,915,000	3,632,538,000
Federal Home Loan Bank Borrowings	393,400,000	180,550,000
Federal Funds Purchased	0	17,870,000
Reserve for Unfunded Loan Commitments	3,193,000	2,292,000
Other Liabilities	42,788,000	42,642,000
Total Liabilities	4,161,296,000	3,875,892,000
Commitments and Contingencies
SHAREHOLDERS’ EQUITY
Common Stock, Par Value $1.00 Per Share, Authorized 100,000,000 Shares; Outstanding - — shares at December 31, 2023, and 23,956,772 shares at December 31, 2022	22,957,000	23,957,000
Additional Paid-in Capital	90,642,000	104,693,000
Retained Earnings	309,083,000	285,593,000
Accumulated Other Comprehensive Loss	(71,439,000)	(85,616,000)
Total Shareholders’ Equity	351,243,000	328,627,000
Total Liabilities and Shareholders’ Equity	$ 4,512,539,000	$ 4,204,519,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Interest-bearing deposits	$ 14,853	$ 4,505
Amortized cost of securities available-for-sale	$ 870,546	$ 945,707
Common stock, par value (in usd per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares outstanding (in shares)	22,956,304	23,956,772

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans, including fees
Taxable	$ 159,317	$ 135,055	$ 115,448
Non-Taxable	3,143	3,609	4,733
Investment Securities
Taxable	30,804	20,330	12,442
Non-Taxable	634	693	882
Federal Reserve Bank Excess Reserves	1,002	312	169
Interest on Bank Deposits	64	29	102
Dividend Income	1,456	154	121
Total Interest Income	196,420	160,182	133,897
Interest Expense
Interest Expense on Deposits	52,628	18,616	22,246
Interest Expense on Federal Funds Purchased	368	188	0
Interest on Other Borrowings	21,114	1,450	468
Total Interest Expense	74,110	20,254	22,714
NET INTEREST INCOME	122,310	139,928	111,183
Provision for Credit Losses	5,500	2,419	3,350
Provision (Recovery) for Unfunded Commitments	901	509	(1,269)
Net Interest Income After Provision (Recovery) for Credit Losses	115,909	137,000	109,102
NONINTEREST INCOME
(Losses) Gains on Sales of Securities, net	(1,521)	46	6,869
Service Charges, Commissions and Fees	7,155	7,168	6,662
Debit Card Interchange Fees	7,828	7,427	7,226
Insurance Commissions	1,945	1,961	1,901
Bank Owned Life Insurance Income	1,381	1,357	1,380
Gains on Sales and Write-downs of Bank Premises, net	0	73	0
Commercial Loan Swap Fee Income	139	774	2,416
Other	1,351	2,912	2,427
Total Noninterest Income	18,278	21,718	28,881
NONINTEREST EXPENSE
Salaries and Employee Benefits	55,856	52,399	54,157
Occupancy Expense, net	14,028	13,527	13,556
FDIC Insurance Expense	4,904	2,015	2,157
Other Taxes	3,282	3,319	3,129
Advertising Expense	1,693	1,434	952
Telephone Expense	1,842	1,781	2,208
Professional and Legal Fees	6,210	5,818	5,255
Data Processing	3,920	4,051	3,758
Losses on Sales and Write-downs of Other Real Estate Owned, net	1,100	432	3,622
Debit Card Expense	2,875	2,750	2,777
Tax Credit Amortization	0	621	1,708
Other	9,756	8,854	9,006
Total Noninterest Expense	105,466	97,001	102,285
Income Before Income Taxes	28,721	61,717	35,698
Income Tax Provision	5,337	11,599	4,108
Net Income	$ 23,384	$ 50,118	$ 31,590
Earnings per Common Share:
Basic Earnings per Common Share (in usd per share)	$ 1	$ 2.03	$ 1.19
Diluted Earnings per Common Share (in usd per share)	$ 1	$ 2.03	$ 1.19
Average Shares Outstanding - Basic (in shares)	23,240,543	24,595,789	26,342,729
Average Shares Outstanding - Diluted (in shares)	23,240,543	24,595,789	26,342,729

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Other Comprehensive Income [Abstract]
Net Income	$ 23,384	$ 50,118	$ 31,590
Net Unrealized Gains (Losses) on Securities Available-for-Sale:
Net Unrealized Gains (Losses) Arising during the Period	16,370	(111,542)	(10,877)
Reclassification Adjustment for Losses (Gains) included in Net Income	1,521	(46)	(6,869)
Tax Effect	(3,714)	24,270	3,727
Net Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)	14,177	(87,318)	(14,019)
Other Comprehensive Income (Loss):	14,177	(87,318)	(14,019)
Comprehensive Income (Loss)	$ 37,561	$ (37,200)	$ 17,571

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Additional Paid-in Capital	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2020	$ 440,174	$ (50,726)	$ 389,448	$ 26,385	$ 26,385	$ 143,457	$ 143,457	$ 254,611	$ (50,726)	$ 203,885	$ 15,721	$ 15,721
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	31,590							31,590
Other Comprehensive Income (Loss), Net of Tax	(14,019)										(14,019)
Repurchase of Common Stock	(463)			(30)		(433)
Forfeitures of Restricted Stock	0			(6)		6
Issuance of Restricted Stock	0			82		(82)
Recognition of Restricted Stock Compensation Expense	1,040					1,040
Ending balance at Dec. 31, 2021	407,596			26,431		143,988		235,475			1,702
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	50,118							50,118
Other Comprehensive Income (Loss), Net of Tax	(87,318)										(87,318)
Repurchase of Common Stock	(42,927)			(2,587)		(40,340)
Forfeitures of Restricted Stock	(156)			(14)		(142)
Issuance of Restricted Stock	0			127		(127)
Recognition of Restricted Stock Compensation Expense	1,314					1,314
Ending balance at Dec. 31, 2022	$ 328,627	$ 106	$ 328,733	23,957	$ 23,957	104,693	$ 104,693	285,593	$ 106	$ 285,699	(85,616)	$ (85,616)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2023-02
Net Income	$ 23,384							23,384
Other Comprehensive Income (Loss), Net of Tax	14,177										14,177
1% Excise Tax on Stock Buybacks	(153)
Repurchase of Common Stock	(16,416)			(1,132)		(15,284)
Forfeitures of Restricted Stock	(43)			(5)		(38)
Issuance of Restricted Stock	0			137		(137)
Recognition of Restricted Stock Compensation Expense	1,561					1,561
Ending balance at Dec. 31, 2023	$ 351,243			$ 22,957		$ 90,642		$ 309,083			$ (71,439)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Repurchase of Common Stock (in shares)	1,132,232	2,587,361	30,407
Forfeitures of Restricted Stock (in shares)	5,333	14,141	6,205
Issuance of Restricted Stock (in shares)	137,097	127,355	82,490

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net Income	$ 23,384	$ 50,118	$ 31,590
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Provision for Credit Losses, including Provision (Recovery) for Unfunded Commitments	6,401	2,928	2,081
Origination of Loans Held-for-Sale	(6,758)	(8,047)	(480,372)
Proceeds From Loans Held-for-Sale	6,867	10,184	505,946
Depreciation/Amortization of Bank Premises and Equipment	6,248	6,063	6,229
Provision for Deferred Taxes	884	3,630	3,114
Net Amortization of Securities	6,354	5,749	4,798
Tax Credit Amortization	2,101	621	1,708
Gains on Sales of Loans Held-for-Sale	(109)	(396)	(365)
Losses (Gains) on Sales of Securities, net	1,521	(46)	(6,869)
Write-downs of Other Real Estate Owned	1,117	741	3,472
(Gains) Losses on Sales of Other Real Estate Owned, net	(17)	(309)	150
Losses (Gains) on Sales and Write-downs of Bank Premises, net	0	(73)	0
Commercial Loan Swap Derivative Income	219	(605)	(89)
Premiums on Branch Sales	0	0	(506)
Increase in the Value of Life Insurance Contracts	(1,381)	(1,357)	(1,380)
Recognition of Restricted Stock Compensation Expense	1,561	1,314	1,040
(Increase) Decrease in Other Assets	(5,465)	(3,273)	8,592
Increase (Decrease) in Other Liabilities	3,803	3,549	(1,601)
Net Cash Provided By Operating Activities	46,730	70,791	77,538
Securities Available-for-Sale:
Proceeds from Sales	43,323	19,777	197,056
Proceeds from Maturities, Redemptions, and Pay-downs	48,901	84,693	110,196
Purchases	(24,938)	(135,634)	(466,648)
Purchase of Bank Premises and Equipment, Net	(9,798)	(5,890)	(8,484)
Proceeds from Sales of Bank Premises and Equipment, net	0	408	0
Net Cash Paid in Branch Sales	0	0	(73,923)
Proceeds from Sale of Portfolio Loans	0	0	52,320
(Purchase) Redemption of Federal Home Loan Bank Stock, net	(11,886)	(7,388)	2,741
Loan (Originations) and Payments, net	(359,407)	(342,877)
Loan (Originations) and Payments, net			67,131
Proceeds from Sales and Payments of Other Real Estate Owned	6,794	4,840	13,256
Net Cash Used In Investing Activities	(307,011)	(382,071)	(106,355)
FINANCING ACTIVITIES
Net Change in Demand, Money Markets and Savings Accounts	(235,748)	14,649	369,730
Increase (Decrease) in Certificates of Deposits	325,125	(82,792)	(276,899)
Proceeds (Repayments) from Federal Home Loan Bank Borrowings, net	212,850	173,550
Proceeds (Repayments) from Federal Home Loan Bank Borrowings, net			(28,000)
(Repayments) Proceeds from Federal Funds Purchased, net	(17,870)	17,870	0
Repurchase of Common Stock	(16,416)	(42,927)	(157)
Net Cash Provided By Financing Activities	267,941	80,350	64,674
Net Increase (Decrease) in Cash and Cash Equivalents	7,660	(230,930)	35,857
Cash and Cash Equivalents at Beginning of Period	46,869	277,799	241,942
Cash and Cash Equivalents at End of Period	54,529	46,869	277,799
SUPPLEMENTARY DATA
Cash Interest Paid	69,116	19,338	23,467
Cash Paid for Income Taxes	5,718	5,793	2,720
Transfer from Loans to Other Real Estate Owned	110	74	59
Transfer from Fixed Assets to Other Real Estate Owned	1,854	2,675	12,013
Right-of-use Asset Recorded in Exchange for Lease Liabilities	1,464	3,391	2,027
Stock Repurchase Excise Tax Settled in Subsequent Period	(153)	0	0
Stock Repurchases Settled in Subsequent Period	0	0	(306)
Loans Transferred to Held-for-Sale	$ 0	$ 1,513	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Principles of Consolidation: Carter Bankshares, Inc. (the “Company”) is a holding company headquartered in Martinsville, Virginia. The Company is the parent company of its wholly owned subsidiary of Carter Bank & Trust (the “Bank”). The holding company is regulated by the Federal Reserve Bank (“FRB”). The Bank is an insured, Virginia state-chartered commercial bank which operates branches in Virginia and North Carolina. The Bank is regulated by the Federal Deposit Insurance Corporation (“FDIC”) and Bureau of Financial Institutions of the Virginia State Corporation Commission. The Bank has one wholly owned subsidiary, CB&T Investment Company (the “Investment Company”). Our market coverage is primarily in Virginia and North Carolina, including Fredericksburg, Charlottesville, Lynchburg, Roanoke, Christiansburg, Martinsville, Danville, Greensboro, Fayetteville, and Charlotte. The Company provides a full range of financial services with retail and commercial banking products and insurance. Accounting Policies: Our financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the dates of the balance sheets and revenues and expenses for the periods then ended. Actual results could differ from those estimates. Our significant accounting policies are described below. Principles of Consolidation: The Consolidated Financial Statements include the accounts of Carter Bankshares, Inc. and its wholly owned subsidiary. The Investment Company is a subsidiary of the Bank. All significant intercompany transactions have been eliminated in consolidation. Reclassification: Amounts in prior years' financial statements and footnotes are reclassified whenever necessary to conform to the current year’s presentation. Reclassifications had no material effect on prior year net income or shareholders’ equity. Use of Estimates: To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the Consolidated Financial Statements and the disclosures provided, and actual results could differ from those estimates. Information available which could affect these judgments include, but are not limited to, changes in interest rates, changes in the performance of the economy, and changes in the financial condition of borrowers. Operating Segments: The chief decision-makers of our operating segments monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis, and operating segments are aggregated into one as operating results for all segments are similar. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. Cash and Cash Equivalents: The Company considers all cash on hand, amounts due from banks, federal funds sold, and FRB excess reserves as cash equivalents for the purposes of the Consolidated Statements of Cash Flows with all items having original maturities fewer than 90 days. Federal funds are customarily sold for one-day periods. The FRB pays the target fed funds rate on the FRB excess reserves. Restrictions on Cash: Cash on hand or on deposit with the FRB is required to meet regulatory reserve and clearing requirements. Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and financial standby and performance letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Comprehensive Income (Loss): Comprehensive income (loss) consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains (losses) on securities available-for-sale, net of tax. Securities: The Company classifies securities into either the held-to-maturity or available-for-sale categories at the time of purchase. All securities were classified as available-for-sale at December 31, 2023 and December 31, 2022. Securities classified as available-for-sale include securities which can be sold for liquidity, investment management, or similar reasons even if there is not a present intention of such a sale. Available-for-sale securities are reported at fair value, with unrealized gains (losses), net of tax included in other comprehensive income (loss). Premium amortization is deducted from, and discount accretion is added to, interest income on securities using the level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses are recognized upon the sale of specific identified securities on the completed trade date. Management evaluates debt securities for impairment on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. In determining impairment, management considers many factors, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the Company has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. The assessment of whether an impairment decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. When an impairment occurs, the amount of impairment recognized in earnings depends on whether an entity intends to sell the security or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current-period credit loss. If an entity intends to sell or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current-period credit loss, the impairment shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. If an entity does not intend to sell the security and it is not more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis less any current-period loss, the impairment shall be separated into the amount representing the credit loss and the amount related to all other factors. Credit-related impairment is recognized as an allowance for credit losses (“ACL”) on the balance sheet with a corresponding adjustment to provision for credit losses in the Consolidated Statements of Net Income. Both the allowance and the adjustment to net income can be reversed if conditions change. Loans Held-for-Sale: Loans held-for-sale arise primarily from two sources. First, we purchase mortgage loans on a short-term basis from a partner financial institution that have fully executed sales contracts to end investors. Second, we originate and close mortgages with fully executed contracts with investors to purchase shortly after closing. We then hold these mortgage loans from both sources until funded by the investor, typically a two-week period. Gains and losses on sales of mortgage loans held-for-sale are determined using the specific identification method and are included in other noninterest income in the Consolidated Statements of Net Income. From time to time, certain loans are transferred from the loan portfolio to loans held-for-sale, which are carried at the lower of cost or fair value. If a loan is transferred from the loan portfolio to the held-for-sale category, any write-down in the carrying amount of the loan at the date of transfer is recorded as a charge-off against the ACL. Subsequent declines in fair value are recognized as a charge to noninterest income. The remaining unamortized fees and costs are recognized as part of the cost basis of the loan at the time it is sold. Gains and losses on sales of loans held-for-sale are included in other noninterest income in the Consolidated Statements of Net Income. Loans: Loans that management have the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, discounts, and an allowance for credit losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. An individually evaluated loan analysis is conducted for loans that are either or both nonperforming or a restructured loan with a commitment of $1.0 million or greater and/or based on management’s discretion. Loans, including individually evaluated loans, are generally classified as nonaccrual if they are past due as to maturity or payment of principal or interest for a period of more than 90 days based on contractual terms, unless such loans are well-secured and in the process of collection. If a loan or a portion of a loan is classified as doubtful or is partially charged off, the loan is generally classified as nonaccrual. Loans that are on a current payment status or past due less than 90 days may also be classified as nonaccrual, if repayment in full of principal and/or interest is unlikely. Any interest that is accrued, but not collected is reversed against interest income when a loan is placed on nonaccrual status, which typically occurs prior to charging off all, or a portion, of a loan. While a loan is classified as nonaccrual and the probability of collecting the recorded loan balance is doubtful, collections of interest and principal are generally applied as a reduction to principal outstanding. Payments collected on a nonaccrual loan are first applied to principal, secondly to any existing charge-offs, thirdly to interest, and lastly to any outstanding fees owed to the Company. Loans may be returned to accrual status when all principal and interest amounts contractually due are reasonably assured of repayment within an acceptable period of time, and there is a period of a minimum of six months of satisfactory payment performance by the borrower in accordance with the contractual terms of interest and principal. Allowance for Credit Losses: The allowance for credit losses represents management’s estimate of expected credit losses inherent in the loan portfolio, and consists of an allowance for credit losses for pooled loans. Management estimates the allowance for credit losses for pooled loans utilizing a Discounted Cash Flow (“DCF”) method. The ACL related to loans individually evaluated is primarily based on the excess of the loan's current outstanding principal balance compared to the estimated fair value of the related collateral, less cost to sell. For a loan that is not collateral-dependent, the allowance is recorded at the amount by which the outstanding principal balance exceeds the current estimate of the present value of future cash flows on the loan discounted at the loan's original effective interest rate. Our CECL methodology introduced a modified discounted cash flow methodology based on expected cash flow changes in the future for the Other segment. A significant population of the Other segment was not impaired under the probable incurred loss model and therefore not subject to a collateral dependent specific reserve analysis. For the population of the Other segment that was impaired under the incurred loss model, based on collateral values, the specific reserves totaled zero. The CECL model was developed with subjective assumptions that is driven by the following key factors: prepayment speeds, timing of prepayments, loss given defaults as well as other factors including the discount rate based upon the cost of capital and ultimately the timing of future cash flows. For more details, see Note 6 - Allowance for Credit Losses, in Item 8 of this Annual Report on Form 10-K. Allowance for Credit Losses Policy The Company’s methodology for estimating the ACL includes: Segmentation. The Company’s loan portfolio is segmented by homogeneous loan types that behave similarly to economic cycles. Specific Analysis. A specific reserve analysis is applied to certain individually evaluated loans. These loans are evaluated quarterly generally based on collateral value, observable market value or the present value of expected future cash flows. A specific reserve is established if the fair value is less than the loan balance. A charge-off is recognized when the loss is quantifiable and confirmed. Individually evaluated loans not specifically analyzed receive a quantitative and qualitative analysis, as described below. Quantitative Analysis. The Company elected to use Discounted Cash Flow (“DCF”). Economic forecasts include but are not limited to unemployment, the Consumer Price Index, the Housing Price Index and Gross Domestic Product. These forecasts are assumed to revert to the long-term average and are utilized in the model to estimate the probability of default and loss given default through regression. Model assumptions include, but are not limited to the discount rate, prepayments and curtailments. The product of the probability of default and the loss given default is the estimated loss rate, which varies over time. The estimated loss rate is applied within the appropriate periods in the cash flow model to determine the net present value. Net present value is also impacted by assumptions related to the duration between default and recovery. The reserve is based on the difference between the summation of the principal balances taking amortized costs into consideration and the summation of the net present values. Qualitative Analysis. Based on management’s review and analysis of internal, external and model risks, management may adjust the model output. Management reviews the peaks and troughs of the model’s calibration, taking into account economic forecasts to develop guardrails that serve as the basis for determining the reasonableness of the model’s output and makes adjustments as necessary. This process challenges unexpected variability resulting from outputs beyond the model’s calibration that appear to be unreasonable. Additionally, management may adjust the economic forecast if it is incompatible with known market conditions based on management’s experience and perspective. “Other” Segmented Pool CECL provides for the flexibility to model loans differently compared to the prior model. With the adoption of CECL management elected to evaluate certain loans based on shared but unique risk attributes. The loans included in the Other segment of the model were underwritten and approved based on standards that are inconsistent with our current underwriting standards. The model for the Other segment was developed with subjective assumptions that may cause volatility driven by the following key factors: prepayment speeds, timing of contractual payments, discount rate, as well as other factors. The discount rate is reflective of the inherent risk in the Other segment. A substantial change in these assumptions could cause a significant impact to the model causing volatility. Management reviews the model output for appropriateness and subjectively makes adjustments as needed. The analysis applied to this pool resulted in an allowance of $51.3 million at adoption on January 1, 2021 and is disclosed in the Other segment line item. Our charge-off policy for loans requires that loans and other obligations that are not collectible be promptly charged-off when the loss becomes probable, regardless of the delinquency status of the loan. The Company may elect to recognize a partial charge-off when management has determined that the value of collateral is less than the remaining investment in the loan. A loan or obligation does not need to be charged-off, regardless of delinquency status, if (i) management has determined there exists sufficient collateral to protect the remaining loan balance and (ii) there exists a strategy to liquidate the collateral. Management may also consider a number of other factors to determine when a charge-off is appropriate. These factors may include, but are not limited to: • The status of a bankruptcy proceeding • The value of collateral and probability of successful liquidation; and/or • The status of adverse proceedings or litigation that may result in collection Consumer unsecured loans and secured loans are evaluated for charge-off after the loan becomes 90 days past due. Unsecured loans are fully charged-off and secured loans are charged-off to the estimated fair value of the collateral less the cost to sell. Closed-end installment loans, amortizing loans secured by real estate and any other loans with payments scheduled monthly are reported past due when the borrower is in arrears two or more monthly payments. Other multi-payment obligations with payments scheduled other than monthly are reported past due when one scheduled payment is due and unpaid for 30 days or more. We monitor delinquency on a monthly basis, including early stage delinquencies of 30 to 89 days past due for early identification of potential problem loans. Refer to the “Credit Quality” and the “Allowance for Credit Losses” sections in the MD&A and Note 6, Allowance for Credit Losses, in the Notes to Consolidated Financial Statements of this Annual Report on Form 10-K for more details. Loan Restructurings: On April 1, 2022, the Company adopted the accounting guidance in ASU No. 2022-02, effective as of January 1, 2022, which eliminates the recognition and measurement of a TDR. Due to the removal of the TDR designation, the Company evaluates all loan restructurings according to the accounting guidance for loan modifications to determine if the restructuring results in a new loan or a continuation of the existing loan. Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include situations where there is principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the listed modifications. Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status, foreclosure or repossession of the collateral to minimize economic loss to the Company. Concentration of Credit Risk: The majority of the Company's loans, commitments and lines of credit have been granted to customers in the Company's market area. The concentrations of credit by loan classification are set forth in Note 5. Advertising Costs: We expense all marketing-related costs, including advertising costs, as incurred. Advertising expense was $1.7 million, $1.4 million, and $1.0 million for the years ended 2023, 2022, and 2021, respectively. Bank Owned Life Insurance: The Company has purchased life insurance policies on certain executive officers and associates. We receive the cash surrender value of each policy upon its termination or benefits are payable to us upon the death of the insured. Changes in net cash surrender value are recognized in noninterest income in the Consolidated Statements of Income. Bank Premises and Equipment: Bank premises and equipment acquired are stated at cost, less accumulated depreciation. Depreciation is charged to operating expenses over the estimated useful life of the assets by the straight-line method. Land is carried at cost. Costs of maintenance or repairs are charged to expense as incurred and improvements are capitalized. Upon retirement or disposal of an asset, the asset and related allowance account are eliminated. Any gain or loss on such transactions is included in current operations. Depreciation expense is included under occupancy expense, net in the Consolidated Statements of Income totaling $6.2 million in 2023, $6.1 million in 2022, and $6.2 million in 2021. The estimated useful life for bank premises ranges from 5 to 40 years and equipment depreciates over a 3 to 10-year period. Land and Land Improvements Non-depreciating assets Buildings 25 years - 40 years Furniture and Fixtures 5 years Computer Equipment and Software 5 years or term of license Other Equipment 5 years Vehicles 5 years Leasehold Improvements Lesser of estimated useful life of the asset (generally 15 years unless established otherwise) or the remaining term of the lease, including renewal options in the lease that are reasonably assured of exercise Leases: Operating and finance leases are recorded as a right of use (“ROU”) asset and operating lease liability, included in other assets and other liabilities, respectively. Operating and finance lease ROU assets represent the right to use an underlying asset during the lease term and operating and finance lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate at the lease commencement date. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded primarily in other expense in the Consolidated Statements of Income. Finance lease expense is comprised of interest expense and amortization of the ROU asset, which are recorded in interest on other borrowings and other expense, respectively, in the Consolidated Statements of Income. Federal Home Loan Bank (“FHLB”) Stock: The Company is a member of the FHLB. Members are required to own a certain amount of stock based on the level of borrowings and other factors such as asset base. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Cash dividends are reported as dividend income in the Consolidated Statements of Income. Earnings per Common Share: Basic earnings per common share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. All outstanding unvested restricted stock awards are considered participating shares for the earnings per common share calculation. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Other Real Estate Owned (“OREO”): Real estate properties acquired through or in lieu of loan foreclosure are initially recorded at fair value less estimated selling cost at the date of foreclosure, which establishes a new cost basis. Any write-downs based on the asset's fair value at the date of acquisition are charged to the ACL. After foreclosure, these assets are carried at the lower of their new cost basis or fair value less cost to sell. In addition, any retail branch locations closed for branch operations and marketed for sale are also moved to OREO from bank premises and equipment. This real estate is initially valued based on recent comparative market values received from a real estate broker and any necessary write-downs are charged to operations. Costs of significant property improvements are capitalized, whereas costs relating to holding property are expensed. Valuations are periodically performed by management, and any write-downs are recorded as a charge to operations, if necessary, to reduce the carrying value of a property to the lower of its carrying value or fair value less cost to sell. OREO assets are revalued every 12 months, or more frequently when deemed necessary by management based upon changes in market or collateral conditions. For smaller OREO assets with existing carrying values less than $0.5 million, management may elect to re-value the assets, at minimum, once every 24 months based on the size of the exposure. Operating costs after acquisition are expensed. Income Taxes: Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences, operating losses, and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying Consolidated Balance Sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the Consolidated Statements of Income. The Company is a limited partner in several tax-advantaged limited partnerships whose purpose is to invest in approved new market and historic rehabilitation projects. During 2023, the Company adopted the proportional amortization method of accounting for all qualifying equity investments within these limited partnerships. These investments are included in other assets on the Consolidated Balance Sheets. These partnership investments generate a return through the realization of federal income tax credits, as well as other tax benefits, such as tax deductions from net operating losses of the investments over a period of time. The investments are accounted for under the equity method, with the expense included within provision for income taxes on the Consolidated Statements of Income. All of the Company's tax credit investments are evaluated for impairment at the end of each reporting period. Transfer of Financial Assets: Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity, or the ability to unilaterally cause the transferee to return specific assets. Retirement Benefits: The Company has established an employee benefit plan as described in Note 14. The Company does not provide any other post-retirement benefits. Allowance for Unfunded Commitments: In the normal course of business, we offer off-balance sheet credit arrangements to enable our customers to meet their financing objectives. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the financial statements. Our exposure to credit loss, in the event the customer does not satisfy the terms of the agreement, equals the contractual amount of the obligation less the value of any collateral. We apply the same credit policies in making commitments and standby and performance letters of credit that are used for the underwriting of loans to customers. Commitments generally have fixed expiration dates, annual renewals or other termination clauses and may require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The ACL on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur, and is included in other liabilities on the Company’s Consolidated Balance Sheets. Stock-Based Compensation: The Company has issued both restricted stock to executive officers, associates and non-associate directors and performance based stock units to its executive officers. Compensation expense for restricted stock awards is based on the fair value of these awards at the date of the grant. The market price of the Company’s common stock at the date of the grant is the fair value of the award. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company recognizes forfeitures as they occur. For the performance stock units (“PSUs”), management evaluates the criteria quarterly to determine the probability of the performance goals being met and recognizes compensation based upon the evaluation. The PSUs vest on the third anniversary of the grant date. Loss Contingencies: As disclosed in Note 18 to the Consolidated Financial Statements, the Company and its subsidiaries are involved in various legal proceedings incidental to their business in the ordinary course, and the disclosure set forth in Note 18 relating to certain legal matters is incorporated by reference. Fair Value Measurements The Company uses fair value measurements when recording and disclosing certain financial assets and liabilities. Securities available-for-sale and derivative financial instruments are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record other assets at fair value on a nonrecurring basis, such as loans held-for-sale, individually evaluated loans, OREO, and certain other assets. Fair value is the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants at the measurement date. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is not a forced transaction. In determining fair value, we use various valuation approaches, including market, income and cost approaches. The fair value standard establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inp

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE Basic earnings per common share is calculated by dividing net income allocated to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The following table reconciles the numerators and denominators of basic and diluted earnings per common share calculations for the periods presented: Years ended December 31, (Dollars in Thousands, except share and per share data) 2023 2022 2021 Numerator for Earnings per Common Share – Basic and Diluted Net Income $ 23,384 $ 50,118 $ 31,590 Less: Income allocated to participating shares 197 295 127 Net Income Allocated to Common Shareholders - Basic & Diluted $ 23,187 $ 49,823 $ 31,463 Denominator: Weighted Average Shares Outstanding, including Shares Considered Participating Securities 23,438,413 24,741,454 26,449,438 Less: Average Participating Securities 197,870 145,665 106,709 Weighted Average Common Shares Outstanding - Basic & Diluted $ 23,240,543 $ 24,595,789 $ 26,342,729 Earnings per Common Share – Basic $ 1.00 $ 2.03 $ 1.19 Earnings per Common Share – Diluted $ 1.00 $ 2.03 $ 1.19 All outstanding unvested restricted stock awards are considered participating securities for the earnings per share calculation. As such, these shares have been allocated to a portion of net income and are excluded from the diluted earnings per common share calculation.

RESTRICTIONS ON CASH AND DUE FR

RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS	RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTSThe Board of Governors of the FRB imposes certain reserve requirements on all depository institutions. These reserves are maintained in the form of vault cash or as an interest-bearing balance with the FRB. The Company had no required reserves for 2023, 2022 and 2021.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The following tables present the amortized cost and fair value of available-for-sale securities as of the dates presented: December 31, 2023 (Dollars in Thousands) Amortized Gross Gross Fair Value U.S. Government Agency Securities $ 44,185 $ 398 $ (756) $ 43,827 Residential Mortgage-Backed Securities 110,726 — (11,576) 99,150 Commercial Mortgage-Backed Securities 31,578 336 (751) 31,163 Other Commercial Mortgage-Backed Securities 24,522 — (2,666) 21,856 Asset Backed Securities 150,832 — (10,826) 140,006 Collateralized Mortgage Obligations 174,396 — (12,863) 161,533 States and Political Subdivisions 263,557 — (41,449) 222,108 Corporate Notes 70,750 — (11,390) 59,360 Total Debt Securities $ 870,546 $ 734 $ (92,277) $ 779,003 December 31, 2022 (Dollars in Thousands) Amortized Gross Gross Fair Value U.S. Treasury Securities $ 19,318 $ — $ (1,452) $ 17,866 U.S. Government Agency Securities 50,334 218 (788) 49,764 Residential Mortgage-Backed Securities 115,694 — (12,009) 103,685 Commercial Mortgage-Backed Securities 35,538 73 (936) 34,675 Other Commercial Mortgage-Backed Securities 24,987 9 (2,597) 22,399 Asset Backed Securities 156,552 — (15,169) 141,383 Collateralized Mortgage Obligations 190,781 — (14,159) 176,622 States and Political Subdivisions 281,753 — (53,607) 228,146 Corporate Notes 70,750 — (9,017) 61,733 Total Debt Securities $ 945,707 $ 300 $ (109,734) $ 836,273 The Company did not have securities classified as held-to-maturity at December 31, 2023 or December 31, 2022. The following table shows the composition of gross and net realized gains and losses for the periods presented: Years ended December 31, (Dollars in Thousands) 2023 2022 2021 Proceeds from Sales of Securities Available-for-Sale $ 43,323 $ 19,777 $ 197,056 Gross Realized Gains $ 129 $ 208 $ 7,080 Gross Realized Losses (1,650) (162) (211) Net Realized (Losses) Gains $ (1,521) $ 46 $ 6,869 Tax Impact $ (319) $ 10 $ 1,443 Gains or losses are recognized in earnings on the trade date using the amortized cost of the specific security sold. The net realized (losses) gains above reflect reclassification adjustments in the calculation of Other Comprehensive Income (Loss). The net realized (losses) gains are included in noninterest income as (losses) gains on sales of securities, net in the Consolidated Statements of Income. The tax impact is included in income tax provision in the Consolidated Statements of Income. The amortized cost and fair value of available-for-sale debt securities are shown below by contractual maturity as of the date presented. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. December 31, 2023 (Dollars in Thousands) Amortized Fair Due in One Year or Less $ — $ — Due after One Year through Five Years 12,746 11,846 Due after Five Years through Ten Years 262,463 228,115 Due after Ten Years 103,283 85,334 Residential Mortgage-Backed Securities 110,726 99,150 Commercial Mortgage-Backed Securities 31,578 31,163 Other Commercial Mortgage-Backed Securities 24,522 21,856 Collateralized Mortgage Obligations 174,396 161,533 Asset Backed Securities 150,832 140,006 Total Securities $ 870,546 $ 779,003 At December 31, 2023 and December 31, 2022, there were no holdings of securities of any one issuer, other than those securities issued by or collateralized by the U.S. Government and its Agencies, in an amount greater than 10% of shareholders’ equity. The carrying value of securities pledged for various regulatory and legal requirements was $215.5 million at December 31, 2023 and $224.5 million at December 31, 2022. Available-for-sale securities with unrealized losses at December 31, 2023 and December 31, 2022, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position, were as follows: December 31, 2023 Less Than 12 Months 12 Months or More Total (Dollars in Thousands) Number of Fair Value Unrealized Number of Fair Value Unrealized Number of Fair Value Unrealized U.S. Government Agency Securities 7 $ 6,567 $ (67) 15 $ 15,848 $ (689) 22 $ 22,415 $ (756) Residential Mortgage-Backed Securities — — — 43 99,150 (11,576) 43 99,150 (11,576) Commercial Mortgage-Backed Securities 3 1,073 (3) 50 18,692 (748) 53 19,765 (751) Other Commercial Mortgage-Backed Securities — — — 9 21,856 (2,666) 9 21,856 (2,666) Asset Backed Securities 2 2,530 (84) 52 137,476 (10,742) 54 140,006 (10,826) Collateralized Mortgage Obligations — — — 85 161,533 (12,863) 85 161,533 (12,863) States and Political Subdivisions — — — 153 222,108 (41,449) 153 222,108 (41,449) Corporate Notes — — — 21 59,360 (11,390) 21 59,360 (11,390) Total Debt Securities 12 $ 10,170 $ (154) 428 $ 736,023 $ (92,123) 440 $ 746,193 $ (92,277) December 31, 2022 Less Than 12 Months 12 Months or More Total (Dollars in Thousands) Number of Fair Value Unrealized Number of Fair Value Unrealized Number of Fair Value Unrealized U.S. Treasury Securities 3 $ 14,080 $ (789) 2 $ 3,786 $ (663) 5 $ 17,866 $ (1,452) U.S. Government Agency Securities 6 5,337 (26) 9 15,576 (762) 15 20,913 (788) Residential Mortgage-Backed Securities 6 7,601 (372) 37 96,084 (11,637) 43 103,685 (12,009) Commercial Mortgage-Backed Securities 7 7,843 (307) 49 15,675 (629) 56 23,518 (936) Other Commercial Mortgage-Backed Securities 2 5,302 (617) 6 14,560 (1,980) 8 19,862 (2,597) Asset Backed Securities 13 42,173 (2,984) 41 97,210 (12,185) 54 139,383 (15,169) Collateralized Mortgage Obligations 35 66,362 (4,500) 50 110,260 (9,659) 85 176,622 (14,159) States and Political Subdivisions 73 112,564 (19,706) 91 115,382 (33,901) 164 227,946 (53,607) Corporate Notes 8 23,285 (2,965) 13 38,448 (6,052) 21 61,733 (9,017) Total Debt Securities 153 $ 284,547 $ (32,266) 298 $ 506,981 $ (77,468) 451 $ 791,528 $ (109,734) The Company adopted Topic 326, Financial Instruments—Credit Losses (Topic 326) on January 1, 2021 and did not record an allowance for credit losses, (“ACL”), on its investment securities during the year ended December 31, 2023 or December 31, 2022 as the Company did not have any related impairment. The Company regularly reviews debt securities for expected credit loss using both qualitative and quantitative criteria, as necessary, based on the composition of the portfolio at period end. As of December 31, 2023, management does not intend to sell any security in an unrealized loss position and it is not more than likely that it will be required to sell any such security before the recovery of its amortized cost basis. The unrealized losses on debt securities are primarily the result of interest rate changes, credit spread fluctuations on agency-issued mortgage-related securities, general financial market uncertainty and market volatility. These conditions should not prohibit the Company from receiving its contractual principal and interest payments on its debt securities. The fair value is expected to recover as the securities approach their maturity date or repricing date.

LOANS AND LOANS HELD-FOR-SALE

LOANS AND LOANS HELD-FOR-SALE	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
LOANS AND LOANS HELD-FOR-SALE	LOANS AND LOANS HELD-FOR-SALE The composition of the loan portfolio by dollar amount is shown in the table below: December 31, (Dollars in Thousands) 2023 2022 Commercial Commercial Real Estate $ 1,670,631 $ 1,470,562 Commercial and Industrial 271,511 309,792 Total Commercial Loans 1,942,142 1,780,354 Consumer Residential Mortgages 787,929 657,948 Other Consumer 34,277 44,562 Total Consumer Loans 822,206 702,510 Construction 436,349 353,553 Other 305,213 312,496 Total Portfolio Loans 3,505,910 3,148,913 Loans Held-for-Sale — — Total Loans $ 3,505,910 $ 3,148,913 We attempt to limit our exposure to credit risk by diversifying our loan portfolio by segment, geography, collateral and industry while actively managing concentrations. When concentrations exist in certain segments, this risk is mitigated by reviewing the relevant economic indicators and internal risk rating trends of the loans in these segments. The Company established transaction, relationship and specific loan segment limits in its loan policy. Total commercial real estate balances should not exceed the combination of 300% of total risk-based capital and growth in excess of 50% over the previous thirty-six months and construction loan balances should not exceed 100% of total risk-based capital. Investment real estate property types and purchased loan programs have individual dollar limits that should not be exceeded in the portfolio and are based on management’s risk tolerance relative to capital. In addition, there are specific targets for various categories of real estate loans with respect to debt service coverage ratios, loan-to-value ratios, loan terms, and amortization periods. We also have policy limits on loan-to-cost for construction projects. Although leverage is important, the Company is also focused on cash flow generation and employs stress testing to calculate a supportable loan amount. Supportable loan amounts have generally been more challenging given the increases in commodities pricing and the average loan to cost has decreased over time. Unsecured loans pose higher risk for the Company due to the lack of a well-defined secondary source of repayment. Commercial unsecured loans are reserved for the best quality customers with well-established businesses that operate with low financial and operating leverage. The repayment capacity of the borrower should exceed the policy and guidelines for secured loans. The Company significantly increased the standards for consumer unsecured lending by adjusting upward the required qualifying Fair Isaac Corporation (“FICO”) scores and restricting loan amounts at lower FICO scores. Deferred costs and fees included in the portfolio balances above were $7.2 million and $8.2 million at December 31, 2023 and December 31, 2022, respectively. Discounts on purchased 1-4 family loans included in the portfolio balances above were $133.4 thousand and $161.2 thousand at December 31, 2023 and December 31, 2022, respectively. The Company had no mortgage loans held-for-sale as of December 31, 2023 and December 31, 2022, respectively. Loan Restructurings On April 1, 2022, the Company adopted the accounting guidance in ASU No. 2022-02, effective as of January 1, 2022, which eliminates the recognition and measurement of a TDR. Due to the removal of the TDR designation, the Company evaluates all loan restructurings according to the accounting guidance for loan modifications to determine if the restructuring results in a new loan or a continuation of the existing loan. Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include situations where there is principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the listed modifications. Therefore, the disclosures related to loan restructurings are only for modifications that directly affect cash flows. A loan that is considered a restructured loan may be subject to the individually evaluated loan analysis if the commitment is $1.0 million or greater and/or based on management’s discretion; otherwise, the restructured loan remains in the appropriate segment in the ACL model. For a discussion with respect to reserve calculations regarding individually evaluated loans refer to the “Nonrecurring Basis” section in Note 7, Fair Value Measurements, in the Notes to Consolidated Financial Statements in Item 8 of this Annual Report on Form 10-K. The following table shows the amortized cost basis as of December 31, 2023 and December 31, 2022 for the loans restructured during the twelve months ended December 31, 2023 and December 31, 2022 to borrowers experiencing financial difficulty, disaggregated by portfolio segment: Restructured Loans Restructured Loans Twelve Months Ended December 31, 2023 Twelve Months Ended December 31, 2022 (Dollars in Thousands) Number of Contracts Amortized Cost Basis (1) % of Total Class of Financing Receivable Number of Contracts Amortized Cost Basis (1) % of Total Class of Financing Receivable Accruing Restructured Loans Commercial Real Estate — $ — — % 1 $ 324 0.02 % Commercial and Industrial — — — % — — — % Residential Mortgages — — — % — — — % Other Consumer — — — % — — — % Construction — — — % — — — % Other — — — % — — — % Total Accruing Restructured Loans — — — % 1 324 0.02 % Nonaccrual Restructured Loans Commercial Real Estate — $ — — % — $ — — % Commercial and Industrial — — — % — — — % Residential Mortgages — — — % — — — % Other Consumer — — — % — — — % Construction — — — % — — — % Other — — — % — — — % Total Nonaccrual Restructured Loans — — — % — — — % Total Restructured Loans — — — % 1 324 0.02 % (1) Excludes accrued interest receivable of $1.5 thousand on restructured loans for the year ended 2022. The Company had no loans that were restructured during the three and twelve months ended December 31, 2023. During the third quarter of 2022 the Bank modified a construction loan and considered it a restructured loan as a result of financial difficulty. The borrower is a single family home builder. The purpose of the loan was to finance the construction of a speculative home. The loan matured and was incomplete. The Bank extended the maturity and completion date for five (5) months in order to provide time to complete and sell the home. However, the Bank became aware of a mechanic’s lien filed by one of the borrower’s subcontractors. This issue was resolved and the loan was restored to accrual status on September 30, 2022. Subsequently, the home was sold and the Bank was paid in full on December 9, 2022. This loan was not considered significant and remained in the general pool of the Bank’s ACL model for reserve purposes until it was paid in full. These loans are not considered significant and are included in the Bank’s ACL model in the general pool of the construction and commercial real estate (“CRE”) segments for reserve purposes. The Bank closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified during the year ended December 31, 2022: Payment Status (Amortized Cost Basis) (Dollars in Thousands) Current 30-89 Days Past Due 90+ Days Past Due Accruing Restructured Loans Commercial Real Estate $ 324 $ — $ — Commercial and Industrial — — — Residential Mortgages — — — Other Consumer — — — Construction — — — Other — — — Total Accruing Restructured Loans $ 324 $ — $ — Nonaccrual Restructured Loans Commercial Real Estate $ — $ — $ — Commercial and Industrial — — — Residential Mortgages — — — Other Consumer — — — Construction — — — Other — — — Total Nonaccrual Restructured Loans $ — $ — $ — Total Restructured Loans (1) $ 324 $ — $ — (1) Excludes accrued interest receivable of $1.5 thousand at December 31, 2022. As of December 31, 2023 and December 31, 2022, the Bank had no commitments to lend any additional funds on restructured loans. As of December 31, 2023 and December 31, 2022 the Bank had no loans that defaulted during the period and had been modified preceding the payment default when the borrower was experiencing financial difficulty at the time of modification. For purposes of this disclosure, a default occurs when, within 12 months of the original modification, either a full or partial charge-off occurs or the loan becomes 90 days or more past due. As of December 31, 2023 and December 31, 2022, the Company had $2.0 million and $0.9 million, respectively, of residential real estate in the process of foreclosure. We also had $62 thousand at December 31, 2023 and $133 thousand at December 31, 2022 in residential real estate included in OREO. Loans to principal officers, directors and their affiliates during 2023 were as follows: (Dollars in Thousands) 2023 Beginning Balance $ 2,746 Principal Additions 353 Repayments (666) Balance at End of Year $ 2,433

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	12 Months Ended
	Dec. 31, 2023
Credit Loss [Abstract]
ALLOWANCE FOR CREDIT LOSSES	ALLOWANCE FOR CREDIT LOSSES The Company maintains an ACL at a level determined to be adequate to absorb expected credit losses associated with the Company’s financial instruments over the life of those instruments as of the balance sheet date. The Company develops and documents a systematic ACL methodology based on the following portfolio segments: 1) CRE, 2) Commercial and Industrial, (“C&I”), 3) Residential Mortgages, 4) Other Consumer, 5) Construction and 6) Other. The Company’s loan portfolio is segmented by homogeneous loan types that behave similarly to economic cycles. The following is a discussion of the key risks by portfolio segment that management assesses in preparing the ACL. CRE loans are secured by commercial purpose real estate, including both owner occupied properties and investment properties, for various purposes such as hotels, strip malls and apartments. Operations of the individual projects as well as global cash flows of the debtors are the primary sources of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the collateral type as well as the business. C&I loans are made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. Cash flow from the operations of the borrower is the primary source of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the industry of the borrower. Collateral for these types of loans often do not have sufficient value in a distressed or liquidation scenario to satisfy the outstanding debt. These loans are also made to local and state municipalities for various purposes including refinancing existing obligations, infrastructure up-fit and expansion, or to purchase new equipment. These loans may be secured by general obligations from the municipal authority or revenues generated by infrastructure and equipment financed by the Company. The primary repayment source for these loans include the tax base of the municipality, specific revenue streams related to the infrastructure financed, and other business operations of the municipal authority. The health and stability of state and local economies directly impacts each municipality’s tax basis and are important indicators of risk for this segment. The ability of each municipality to increase taxes and fees to offset debt service requirements give this type of loan a very low risk profile in the continuum of the Company’s loan portfolio. Residential Mortgages are loans secured by first and second liens such as home equity loans, home equity lines of credit and 1-4 family residential mortgages, including purchased money mortgages. The primary source of repayment for these loans is the income of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The state of the local housing market can also have a significant impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy the debt. Other Consumer loans are made to individuals and may be either secured by assets other than 1-4 family residences or unsecured. This segment includes auto loans and unsecured loans and lines. The primary source of repayment for these loans is the income and assets of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The value of the collateral, if there is any, is less likely to be a source of repayment due to less certain collateral values. Construction loans include both commercial and consumer. Commercial loans are made to finance construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. While the risk of these loans is generally confined to the construction period, if there are problems, the project may not be completed, and as such, may not provide sufficient cash flow on its own to service the debt or have sufficient value in a liquidation to cover the outstanding principal. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the type of project and the experience and resources of the developer. Consumer loans are made for the construction of residential homes for which a binding sales contract exists and generally are for a period of time sufficient to complete construction. Residential construction loans to individuals generally provide for the payment of interest only during the construction phase. Credit risk for residential real estate construction loans can arise from construction delays, cost overruns, failure of the contractor to complete the project to specifications and economic conditions that could impact demand for or supply of the property being constructed. Other loans include unique risk attributes considered inconsistent with our current underwriting standards. The ACL reserve for the Other segment is based on a discounted cash flow methodology and reserves will fluctuate based on expected cash flow changes in the future. These inconsistencies may include, but are not limited to i) transaction and/or relationship sizes that exceed limits established in 2018, ii) overreliance on secondary, tertiary or guarantor cash flow, iii) land acquisition loans without a defined source of amortization, iv) loan structures on operating lines of credit dependent on the value of real estate rather than trading assets, and v) indirect liabilities of certain guarantees resulting from the nonpayment of financial obligations. Management continuously assesses underwriting standards, but significantly enhanced these standards in 2018. Our model is based on our best estimate of facts known with the most current information. Certain portions of the CECL model are inherently subjective and include, but are not limited to estimates with respect to: prepayment speeds, the timing of prepayments, potential losses given default, discount rates and the timing of future cash flows. Management utilizes widely published economic forecasts as the basis for the regression analysis used to estimate the probability of default in the baseline model. The peaks and troughs of these forecasts serve as guardrails for potential subjective adjustments. In addition to considering the outcomes based on the range of forecasts, management recognizes that the assumptions used in economic forecasts may not perfectly align with our market area, risk profile or unique attributes of our portfolio along with other important considerations. Severe changes in forecasts can also create significant variability and management must assess not only the absolute balance of reserves but also consider the appropriateness of the velocity of change. Therefore, management developed a framework to assess the tolerance and reasonableness of the CECL modeling process by challenging certain elements of the forecasts, when appropriate. These outcomes, known as “challenger models,” provide opportunities to examine and subjectively adjust the CECL model output and are designed to be counter cyclical, thereby reducing variability. Credit Quality Indicators: The Company’s portfolio grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. The Company’s internal credit risk grading system is based on debt service coverage, collateral values and other subjective factors. Mortgage and consumer loans are defaulted to a pass grade until a loan migrates to past due status. The Company has a loan review policy and annual scope report that details the level of loan review for loans in a given year. The annual loan review provides the Credit Risk Committee with an independent analysis of the following: 1) credit quality of the loan portfolio, 2) compliance with the loan policy, 3) adequacy of documentation in credit files and 4) validity of risk ratings. Since 2020 and continuing through 2023, the Company used a five step approach for loan review in the following categories: • Individual reviews of the top twenty large loan relationships (“LLRs”), which are defined as any individual commercial loan or aggregate commercial relationship totaling $2.0 million or more; • A sampling of small LLRs, which are defined as individual commercial loans or relationships with aggregate exposure of $2.0 million or more but not included in the top twenty LLRs; • A sampling review of Credit Risk Committee modifications, including new and existing loans to provide perspective on the appropriateness of the modification in relation to established policies and procedures; • A sampling review of non-organic commercial loans and those commercial loans approved outside of the Credit Risk Committee; and • Focus reviews of office and land development to evaluate segment risk rather than individual loan risk. Focus reviews are performed annually on a rotational basis. The Company’s internally assigned grades are as follows: Pass – The Company uses six grades of pass, including its watch rating. Generally, a pass rating indicates that the loan is currently performing and is of high quality. Special Mention – Assets with potential weaknesses that warrant management’s close attention and if left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Substandard – Assets that are inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Assets so classified have a well-defined weakness, or weaknesses that jeopardize the liquidation of the debt. Such assets are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful – Assets with all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. Loss – Assets considered of such little value that its continuance on the books is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. The ability of borrowers to repay commercial loans is dependent upon the success of their business and general economic conditions. Due to the greater potential for loss within our commercial portfolio, we monitor the commercial loan portfolio through an internal risk rating system. Loan risk ratings are assigned based upon the creditworthiness of the borrower and are reviewed on an ongoing basis according to our internal policies. Loans rated special mention or substandard have potential or well-defined weaknesses not generally found in high quality, performing loans, and require attention from management to limit loss. The following table presents loan balances by year of origination and internally assigned risk rating for our portfolio segments as of December 31: Risk Rating (Dollars in Thousands) 2023 2022 2021 2020 2019 2018 and Prior Revolving Total Portfolio Loans Commercial Real Estate Pass $ 259,171 $ 434,639 $ 173,667 $ 142,494 $ 124,176 $ 503,965 $ 30,917 $ 1,669,029 Special Mention — — 206 — — 72 — 278 Substandard — — — 101 1,223 — 1,324 Doubtful — — — — — — — — Total Commercial Real Estate $ 259,171 $ 434,639 $ 173,873 $ 142,494 $ 124,277 $ 505,260 $ 30,917 $ 1,670,631 YTD Gross Charge-offs — — — — — — — — Commercial and Industrial Pass $ 24,863 $ 18,061 $ 37,566 $ 24,566 $ 2,636 $ 137,395 $ 23,535 $ 268,622 Special Mention — — — 2,837 — — — 2,837 Substandard — — — 18 14 1 19 52 Doubtful — — — — — — — — Total Commercial and Industrial $ 24,863 $ 18,061 $ 37,566 $ 27,421 $ 2,650 $ 137,396 $ 23,554 $ 271,511 YTD Gross Charge-offs — — 45 — 16 2 — 63 Residential Mortgages Pass $ 79,247 $ 250,603 $ 194,014 $ 77,805 $ 43,633 $ 96,238 $ 42,550 $ 784,090 Special Mention — — — — — 525 — 525 Substandard — — 1,142 — 860 1,070 242 3,314 Doubtful — — — — — — — — Total Residential Mortgages $ 79,247 $ 250,603 $ 195,156 $ 77,805 $ 44,493 $ 97,833 $ 42,792 $ 787,929 YTD Gross Charge-offs — — 136 — — 67 — 203 Other Consumer Pass $ 22,809 $ 4,494 $ 2,396 $ 3,936 $ 26 $ 187 $ 354 $ 34,202 Special Mention — — — — — — — — Substandard 14 6 55 — — — — 75 Doubtful — — — — — — — — Total Other Consumer $ 22,823 $ 4,500 $ 2,451 $ 3,936 $ 26 $ 187 $ 354 $ 34,277 YTD Gross Charge-offs 232 1,451 744 83 126 29 — 2,665 Construction Pass $ 118,120 $ 162,794 $ 122,087 $ 10,837 $ 5,155 $ 6,280 $ 8,048 $ 433,321 Special Mention — — — — — 60 — 60 Substandard — 64 — 2,090 — 814 — 2,968 Doubtful — — — — — — — — Total Construction $ 118,120 $ 162,858 $ 122,087 $ 12,927 $ 5,155 $ 7,154 $ 8,048 $ 436,349 YTD Gross Charge-offs — — — — — 42 — 42 Other Pass $ — $ — $ — $ — $ — $ 3,300 $ — $ 3,300 Special Mention — — — — — — — — Substandard — — — — — 301,913 — 301,913 Doubtful — — — — — — — — Total Other Loans $ — $ — $ — $ — $ — $ 305,213 $ — $ 305,213 YTD Gross Charge-offs — — — — — — — — Total Portfolio Loans Pass $ 504,210 $ 870,591 $ 529,730 $ 259,638 $ 175,626 $ 747,365 $ 105,404 $ 3,192,564 Special Mention — — 206 2,837 — 657 — 3,700 Substandard 14 70 1,197 2,108 975 305,021 261 309,646 Doubtful — — — — — — — — Total Portfolio Loans $ 504,224 $ 870,661 $ 531,133 $ 264,583 $ 176,601 $ 1,053,043 $ 105,665 $ 3,505,910 Current YTD Period: YTD Gross Charge-offs $ 232 $ 1,451 $ 925 $ 83 $ 142 $ 140 $ — $ 2,973 Risk Rating (Dollars in Thousands) 2022 2021 2020 2019 2018 2017 and Prior Revolving Total Portfolio Loans Commercial Real Estate Pass $ 418,939 $ 186,226 $ 139,148 $ 130,521 $ 215,498 $ 335,659 $ 31,349 $ 1,457,340 Special Mention — 218 — — 9,919 659 — 10,796 Substandard — — — — 2,105 321 — 2,426 Total Commercial Real Estate $ 418,939 $ 186,444 $ 139,148 $ 130,521 $ 227,522 $ 336,639 $ 31,349 $ 1,470,562 YTD Gross Charge-offs — — — — — — — — Commercial and Industrial Pass $ 23,104 $ 47,137 $ 35,819 $ 9,022 $ 10,639 $ 154,473 $ 23,699 $ 303,893 Special Mention — — 2,887 — — — — 2,887 Substandard — 56 — 18 97 2,800 41 3,012 Total Commercial and Industrial $ 23,104 $ 47,193 $ 38,706 $ 9,040 $ 10,736 $ 157,273 $ 23,740 $ 309,792 YTD Gross Charge-offs 3,432 — — — 4 — — 3,436 Residential Mortgages Pass $ 200,725 $ 184,718 $ 81,446 $ 50,770 $ 70,659 $ 39,411 $ 25,315 $ 653,044 Special Mention — — — — 429 520 34 983 Substandard — 1,212 — 865 444 1,400 — 3,921 Total Residential Mortgages $ 200,725 $ 185,930 $ 81,446 $ 51,635 $ 71,532 $ 41,331 $ 25,349 $ 657,948 YTD Gross Charge-offs — — — — 22 24 — 46 Other Consumer Pass $ 24,100 $ 10,006 $ 7,323 $ 1,999 $ 512 $ 256 $ 299 $ 44,495 Special Mention — — — — — — — — Substandard — 45 1 — 1 20 — 67 Total Other Consumer $ 24,100 $ 10,051 $ 7,324 $ 1,999 $ 513 $ 276 $ 299 $ 44,562 YTD Gross Charge-offs 280 625 254 358 39 121 — 1,677 Construction Pass $ 149,535 $ 117,466 $ 41,808 $ 4,938 $ 25,523 $ 7,190 $ 6,056 $ 352,516 Special Mention — — — — — 69 — 69 Substandard — — — — 92 876 — 968 Total Construction $ 149,535 $ 117,466 $ 41,808 $ 4,938 $ 25,615 $ 8,135 $ 6,056 $ 353,553 YTD Gross Charge-offs — — — — — — — — Other Pass $ — $ — $ — $ — $ — $ 180,745 $ — $ 180,745 Special Mention — — — — — — — — Substandard — — — — 74,050 57,701 — 131,751 Total Other Loans $ — $ — $ — $ — $ 74,050 $ 238,446 $ — $ 312,496 YTD Gross Charge-offs — — — — — — — — Total Portfolio Loans Pass $ 816,403 $ 545,553 $ 305,544 $ 197,250 $ 322,831 $ 717,734 $ 86,718 $ 2,992,033 Special Mention — 218 2,887 — 10,348 1,248 34 14,735 Substandard — 1,313 1 883 76,789 63,118 41 142,145 Total Portfolio Loans $ 816,403 $ 547,084 $ 308,432 $ 198,133 $ 409,968 $ 782,100 $ 86,793 $ 3,148,913 Current YTD Period: YTD Gross Charge-offs $ 3,712 $ 625 $ 254 $ 358 $ 65 $ 145 $ — $ 5,159 At December 31, 2023 and December 31, 2022, the Company had no loans that were risk rated as doubtful. Special mention and substandard loans at December 31, 2023 increased $156.5 million to $313.3 million compared to December 31, 2022, with an increase of $167.5 million in substandard and a decrease of $11.0 million in special mention. The increase of $167.5 million in substandard loans is primarily related to the above mentioned large nonaccrual lending relationship in the other loan category. The $301.9 million of loans related to the Bank’s largest lending relationship were nonperforming and rated as substandard at December 31, 2023. At December 31, 2022 the largest lending relationship in the other segment loans were all accruing and totaled $309.1 million of which, $177.3 million of those loans were pass-rated and $131.8 million of those loans were substandard-rated. The decrease of $11.0 million in special mention is primarily due to the upgrade of a CRE credit totaling $9.9 million to a pass rating. The following table presents loan balances by year of origination and performing and nonperforming status for our portfolio segments as of December 31: (Dollars in Thousands) 2023 2022 2021 2020 2019 2018 and Prior Revolving Total Portfolio Loans Commercial Real Estate Performing $ 259,171 $ 434,639 $ 173,873 $ 142,494 $ 124,176 $ 504,037 $ 30,917 $ 1,669,307 Nonperforming — — — — 101 1,223 — 1,324 Total Commercial Real Estate $ 259,171 $ 434,639 $ 173,873 $ 142,494 $ 124,277 $ 505,260 $ 30,917 $ 1,670,631 Commercial and Industrial Performing $ 24,863 $ 18,061 $ 37,566 $ 27,403 $ 2,636 $ 137,395 $ 23,535 $ 271,459 Nonperforming — — — 18 14 1 19 52 Total Commercial and Industrial $ 24,863 $ 18,061 $ 37,566 $ 27,421 $ 2,650 $ 137,396 $ 23,554 $ 271,511 Residential Mortgages Performing $ 79,247 $ 250,603 $ 194,014 $ 77,805 $ 43,633 $ 96,794 $ 42,550 $ 784,646 Nonperforming — — 1,142 — 860 1,039 242 3,283 Total Residential Mortgages $ 79,247 $ 250,603 $ 195,156 $ 77,805 $ 44,493 $ 97,833 $ 42,792 $ 787,929 Other Consumer Performing $ 22,809 $ 4,494 $ 2,412 $ 3,936 $ 26 $ 187 $ 354 $ 34,218 Nonperforming 14 6 39 — — — — 59 Total Other Consumer $ 22,823 $ 4,500 $ 2,451 $ 3,936 $ 26 $ 187 $ 354 $ 34,277 Construction Performing $ 118,120 $ 162,858 $ 122,087 $ 10,837 $ 5,155 $ 6,340 $ 8,048 $ 433,445 Nonperforming — — — 2,090 — 814 — 2,904 Total Construction $ 118,120 $ 162,858 $ 122,087 $ 12,927 $ 5,155 $ 7,154 $ 8,048 $ 436,349 Other Performing $ — $ — $ — $ — $ — $ 3,300 $ — $ 3,300 Nonperforming — — — — — 301,913 — 301,913 Total Other Loans $ — $ — $ — $ — $ — $ 305,213 $ — $ 305,213 Total Portfolio Loans Performing $ 504,210 $ 870,655 $ 529,952 $ 262,475 $ 175,626 $ 748,053 $ 105,404 $ 3,196,375 Nonperforming 14 6 1,181 2,108 975 304,990 261 309,535 Total Portfolio Loans $ 504,224 $ 870,661 $ 531,133 $ 264,583 $ 176,601 $ 1,053,043 $ 105,665 $ 3,505,910 (Dollars in Thousands) 2022 2021 2020 2019 2018 2017 and Prior Revolving Total Portfolio Loans Commercial Real Estate Performing $ 418,939 $ 186,444 $ 139,148 $ 130,521 $ 225,416 $ 336,441 $ 31,349 $ 1,468,258 Nonperforming — — — — 2,106 198 — 2,304 Total Commercial Real Estate $ 418,939 $ 186,444 $ 139,148 $ 130,521 $ 227,522 $ 336,639 $ 31,349 $ 1,470,562 Commercial and Industrial Performing $ 23,104 $ 47,147 $ 38,706 $ 9,022 $ 10,639 $ 157,271 $ 23,699 $ 309,588 Nonperforming — 46 — 18 97 2 41 204 Total Commercial and Industrial $ 23,104 $ 47,193 $ 38,706 $ 9,040 $ 10,736 $ 157,273 $ 23,740 $ 309,792 Residential Mortgages Performing $ 200,725 $ 184,718 $ 81,446 $ 50,770 $ 71,313 $ 40,362 $ 25,349 $ 654,683 Nonperforming — 1,212 — 865 219 969 — 3,265 Total Residential Mortgages $ 200,725 $ 185,930 $ 81,446 $ 51,635 $ 71,532 $ 41,331 $ 25,349 $ 657,948 Other Consumer Performing $ 24,100 $ 10,045 $ 7,323 $ 1,999 $ 512 $ 276 $ 299 $ 44,554 Nonperforming — 6 1 — 1 — — 8 Total Other Consumer $ 24,100 $ 10,051 $ 7,324 $ 1,999 $ 513 $ 276 $ 299 $ 44,562 Construction Performing $ 149,535 $ 117,466 $ 41,808 $ 4,938 $ 25,615 $ 7,271 $ 6,056 $ 352,689 Nonperforming — — — — — 864 — 864 Total Construction $ 149,535 $ 117,466 $ 41,808 $ 4,938 $ 25,615 $ 8,135 $ 6,056 $ 353,553 Other Performing $ — $ — $ — $ — $ 74,050 $ 238,446 $ — $ 312,496 Nonperforming — — — — — — — Total Other Loans $ — $ — $ — $ — $ 74,050 $ 238,446 $ — $ 312,496 Total Portfolio Loans Performing $ 816,403 $ 545,820 $ 308,431 $ 197,250 $ 407,545 $ 780,067 $ 86,752 $ 3,142,268 Nonperforming — 1,264 1 883 2,423 2,033 41 6,645 Total Portfolio Loans $ 816,403 $ 547,084 $ 308,432 $ 198,133 $ 409,968 $ 782,100 $ 86,793 $ 3,148,913 Age Analysis of Past-Due Loans by Class The following tables include an aging analysis of the recorded investment of past-due portfolio loans as the periods presented: December 31, 2023 (Dollars in Thousands) Current Loans Loans 30-59 Loans 60-89 Total 30-89 Days Past Due 90+ Days Still Accruing Nonaccrual Loans Total Portfolio Loans Commercial Real Estate $ 1,668,988 $ 125 $ 194 $ 319 $ — $ 1,324 $ 1,670,631 Commercial & Industrial 271,420 5 34 39 — 52 271,511 Residential Mortgages 782,765 1,846 35 1,881 — 3,283 787,929 Other Consumer 33,813 247 158 405 — 59 34,277 Construction 430,057 3,388 — 3,388 — 2,904 436,349 Other 3,300 — — — — 301,913 305,213 Total $ 3,190,343 $ 5,611 $ 421 $ 6,032 $ — $ 309,535 $ 3,505,910 December 31, 2022 (Dollars in Thousands) Current Loans Loans 30-59 Loans 60-89 Total 30-89 Days Nonaccrual Loans Total Portfolio Loans Commercial Real Estate $ 1,468,154 $ 104 $ — $ 104 $ 2,304 $ 1,470,562 Commercial & Industrial 309,305 274 9 283 204 309,792 Residential Mortgages 654,238 445 — 445 3,265 657,948 Other Consumer 44,013 337 204 541 8 44,562 Construction 349,225 1,321 2,143 3,464 864 353,553 Other 312,496 — — — — 312,496 Total $ 3,137,431 $ 2,481 $ 2,356 $ 4,837 $ 6,645 $ 3,148,913 Loans past due 90 days or more and still accruing were zero at December 31, 2023 and 2022. Loans past due 90 days are automatically transferred to nonaccrual status. Loans past due 30 to 89 days or more and still accruing increased $1.2 million to $6.0 million at December 31, 2023 compared to $4.8 million at December 31, 2022, primarily in the residential mortgage segment due to two relationships with an aggregate principal balance of $2.9 million. There were no nonaccrual or past due loans related to loans held-for-sale as of December 31, 2023 and December 31, 2022, respectively. The following table presents loans on nonaccrual status and loans past due 90 days or more and still accruing by portfolio segment of loan as of December 31, 2023. There were no loans at December 31, 2023 that were past due more than 90 days and still accruing. As of and for the year ended December 31, 2023 As of and for the year ended December 31, 2022 (Dollars in Thousands) Nonaccrual without an Allowance for Credit Losses Nonaccrual with an Allowance for Credit Losses Total Nonaccrual Past Due Nonaccrual without an Allowance for Credit Losses Nonaccrual with an Allowance for Credit Losses Total Nonaccrual Past Due Commercial Real Estate $ 453 $ 871 $ 1,324 $ — $ — $ 2,304 $ 2,304 $ — Commercial and Industrial — 52 52 — — 204 204 — Residential Mortgages 1,142 2,141 3,283 — — 3,265 3,265 — Other Consumer — 59 59 — — 8 8 — Construction 2,898 6 2,904 — — 864 864 — Other — 301,913 301,913 — — — — — Total Portfolio Loans $ 4,493 $ 305,042 $ 309,535 $ — $ — $ 6,645 $ 6,645 $ — A loan is considered nonperforming when we transfer the interest methodology from accrual to nonaccrual. Nonaccrual status recognizes that the collection in full of both principal and interest is unlikely. Without applying additional scrutiny at a granular level, we believe delinquency to be a leading indicator with respect to the likelihood of collection in full of both principal and interest. Accordingly, we automatically transfer loans to nonaccrual status if they are 90 or more days’ delinquent. Management reserves the right to exercise discretion at the individual loan level. For example, we may elect to transfer a loan to nonaccrual regardless of the delinquency status if we believe the collection in full of both principal and interest to be unlikely. We may also elect to retain a loan that is 90 or more days’ delinquent in accrual status if we believe the loan is well secured and in the process of collection. Nonaccrual loans, and loans that have been characterized as Restructured Loans may be individually evaluated for credit losses in the Allowance for Credit Losses model if the loan commitment is $1.0 million or greater and/or based on management’s discretion; unless we elect to maintain the loan in the general pool. During the years ended December 31, 2023 and December 31, 2022, respectively, no material amount of interest income was recognized on nonperforming loans subsequent to their classification as nonperforming loans. The following table presents the amortized cost basis of individually evaluated loans as of the periods presented. Changes in the fair value of the types of collateral and discounted cash flow modeling for individually evaluated loans, as applicable, are reported as provision for credit loss on loans in the period of change. December 31, 2023 December 31, 2022 (Dollars in Thousands) Fair Value - Real Estate Discounted Cash Flow Total Fair Value - Real Estate Commercial Real Estate $ 453 $ — $ 453 2,106 Commercial and Industrial — — — — Residential Mortgages 1,142 — 1,142 1,212 Other Consumer — — — — Construction 2,898 — 2,898 — Other — 301,913 301,913 — Total $ 4,493 $ 301,913 $ 306,406 3,318 The following tables presents activity in the ACL for the periods presented: December 31, 2023 (Dollars in Thousands) Commercial Real Estate Commercial & Industrial Residential Mortgages Other Consumer Construction Other Total Allowance for Credit Losses on Loans: Balance, Beginning of Year $ 17,992 $ 3,980 $ 8,891 $ 1,329 $ 6,942 $ 54,718 $ 93,852 Provision (Recovery) for Credit Losses on Loans 1,881 (719) 2,081 1,729 892 (364) 5,500 Charge-offs — (63) (203) (2,665) (42) — (2,973) Recoveries — 88 110 475 — — 673 Net (Charge-offs) / Recoveries — 25 (93) (2,190) (42) — (2,300) Balance, End of Year $ 19,873 $ 3,286 $ 10,879 $ 868 $ 7,792 $ 54,354 $ 97,052 December 31, 2022 (Dollars in Thousands) Commercial Real Estate Commercial & Industrial Residential Mortgages Other Consumer Construction Other Total Allowance for Credit Losses on Loans: Balance, Beginning of Year $ 17,297 $ 4,111 $ 4,368 $ 1,493 $ 6,939 $ 61,731 $ 95,939 Provision (Recovery) for Credit Losses on Loans 695 3,304 4,470 1,109 (146) (7,013) 2,419 Charge-offs — (3,436) (46) (1,677) — — (5,159) Recoveries — 1 99 404 149 — 653 Net (Charge-offs) / Recoveries — (3,435) 53 (1,273) $ 149 — (4,506) Balance, End of Year $ 17,992 $ 3,980 $ 8,891 $ 1,329 $ 6,942 $ 54,718 $ 93,852 December 31, 2021 (Dollars in Thousands) Commercial Real Estate Commercial & Industrial Residential Mortgages Other Consumer Construction Other (1) Total Allowance for Credit Losses on Loans: Balance, Beginning of Year $ 36,428 $ 5,064 $ 2,099 $ 2,479 $ 8,004 $ — $ 54,074 Impact of CECL Adoption 6,587 1,379 3,356 (877) (80) 51,277 61,642 (Recovery) Provision for Credit Losses on Loans (6,215) (2,249) (982) 1,561 781 10,454 3,350 Charge-offs (19,662) (374) (273) (2,256) (1,859) — (24,424) Recoveries 159 291 168 586 93 — 1,297 Net (Charge-offs) / Recoveries (19,503) (83) (105) (1,670) (1,766) — (23,127) Balance, End of Year $ 17,297 $ 4,111 $ 4,368 $ 1,493 $ 6,939 $ 61,731 $ 95,939 (1) In connection with our adoption of Topic 326, we made changes to our loan portfolio segments to align with the methodology applied in determining the allowance under CECL. Our new segmentation breaks out Other loans from our original loan segments: CRE, C&I, residential mortgages and construction. The allowance balance at the beginning of period was reclassified to Other from their original loan segments: CRE, C&I, residential mortgages and construction to conform to current presentation.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The following tables present the Company’s financial assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at the dates presented: December 31, 2023 (Dollars in Thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Securities Available-for-Sale: U.S. Government Agency Securities 43,827 — 43,827 — Residential Mortgage-Backed Securities 99,150 — 99,150 — Commercial Mortgage-Backed Securities 31,163 — 31,163 — Other Commercial Mortgage-Backed Securities 21,856 — 21,856 — Asset Backed Securities 140,006 — 140,006 — Collateralized Mortgage Obligations 161,533 — 161,533 — States and Political Subdivisions 222,108 — 222,108 — Corporate Notes 59,360 — 52,041 7,319 Total Securities Available-for-Sale 779,003 — 771,684 7,319 Derivatives 17,440 — 17,440 — Total $ 796,443 $ — $ 789,124 $ 7,319 Liabilities Derivatives $ 17,228 $ — $ 17,228 $ — Total $ 17,228 $ — $ 17,228 $ — December 31, 2022 (Dollars in Thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Securities Available-for-Sale: U.S. Treasury Securities $ 17,866 $ 17,866 $ — $ — U.S. Government Agency Securities 49,764 — 49,764 — Residential Mortgage-Backed Securities 103,685 — 103,685 — Commercial Mortgage-Backed Securities 34,675 — 34,675 — Other Commercial Mortgage-Backed Securities 22,399 2,538 19,861 — Asset Backed Securities 141,383 4,996 136,387 — Collateralized Mortgage Obligations 176,622 — 176,622 — States and Political Subdivisions 228,146 — 228,146 — Corporate Notes 61,733 — 54,216 7,517 Total Securities Available-for-Sale 836,273 25,400 803,356 7,517 Derivatives 22,974 — 22,974 — Total $ 859,247 $ 25,400 $ 826,330 $ 7,517 Liabilities Derivatives $ 22,543 $ — $ 22,543 $ — Total $ 22,543 $ — $ 22,543 $ — We have invested in subordinated debt of other financial institutions. We have two securities totaling $7.3 million that are considered to be Level 3 securities at December 31, 2023 and two totaling $7.5 million at December 31, 2022. The change in the fair value of Level 3 securities available-for-sale from $7.5 million at December 31, 2022 to $7.3 million at December 31, 2023 is attributable to the calculated change in fair value of $0.2 million. The Level 3 fair value is benchmarked to other securities that have observable market values in Level 2 using comparable financial ratio analysis specific to the industry in which the underlying company operates. The underwriting includes considerations of capital adequacy, asset quality trends, management’s ability to continue efficient and profitable operations, the institution’s core earnings ability, liquidity management platform and current on and off-balance sheet interest rate risk exposures. Financial assets measured at fair value on a nonrecurring basis at December 31, 2023 and 2022 are summarized below: December 31, 2023 (Dollars in Thousands) Level 1 Level 2 Level 3 Fair Value OREO $ — $ — $ 2,463 $ 2,463 Individually Evaluated Loans $ — $ — $ — $ — December 31, 2022 (Dollars in Thousands) Level 1 Level 2 Level 3 Fair Value OREO $ — $ — $ 8,393 $ 8,393 Individually Evaluated Loans $ — $ — $ 2,649 $ 2,649 The Company had no individually evaluated loans measured at fair value on a nonrecurring basis as of December 31, 2023. Individually evaluated loans had a net carrying amount of $2.6 million at December 31, 2022, including a valuation allowance of $0.7 million. The Company’s largest lending relationship is classified at December 31, 2023 as an individually evaluated loan with a net carrying amount totaling $247.6 million. The Company utilized various cash flow and discounting assumptions in the alternative modeling, instead of fair value, which resulted in a valuation allowance of $54.3 million at December 31, 2023. When evaluating the net carrying value of this credit relationship at December 31, 2023, the Company utilized discounted cash flow valuation techniques to estimate the timing and magnitude of potential recoveries resulting from various collection processes. OREO, which is measured at the lower of carrying or fair value less costs to sell, had a net carrying amount of $2.5 million as of December 31, 2023, compared with $8.4 million at December 31, 2022, primarily due to sales, write-downs on OREO and payments, offset by $1.4 million in fair value of closed retail offices transferred to OREO. Write-downs of $1.1 million were recorded on OREO for the year ended December 31, 2023 compared to $0.7 million for the year ended December 31, 2022. The following tables summarize the Company’s assets that were measured at fair value on a nonrecurring basis as of December 31, 2023 and 2022: December 31, 2023 (Dollars in Thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Range Average Assets OREO $ 130 Appraisals Estimated Selling Costs 6.0% 6.0 % OREO 142 Internal Valuations Estimated Selling Costs 5.0% 5.0 % OREO 2,191 Discounted Internal Valuations Management's Subject Discount 0.0% — 24.0% 15.6 % Total OREO $ 2,463 December 31, 2022 (Dollars in Thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Range Average Assets Individually Evaluated Loans $ 858 Discounted Internal Valuations Management's Discount & Estimated Selling Costs 14.2% 14.2 % Individually Evaluated Loans 1,791 Discounted Appraisals Estimated Selling Costs 6.0% 6.0 % Total Individually Evaluated Loans $ 2,649 OREO $ 7,323 Appraisals Estimated Selling Costs 10.0% 10.0 % OREO 143 Internal Valuations Estimated Selling Costs 5.0% 5.0 % OREO 927 Discounted Internal Valuations Management’s Discount & Estimated Selling Costs 0.0% — 5.0% 0.7 % Total OREO $ 8,393 A baseline discount rate has been established for impairment measurement. This baseline discount rate was back tested against historical OREO sales and therefore represents an average recovery rate based on the transaction sizes and asset types in the population examined. Management considers the unique attributes and characteristics of each specific individually evaluated loan and may use judgment to adjust the baseline discount rate when appropriate. The carrying values and estimated fair values of our financial instruments at December 31, 2023 and December 31, 2022 are presented in the following tables. Fair values for December 31, 2023 and December 31, 2022 are estimated under the exit price notion in accordance with ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” GAAP requires disclosure of fair value information about financial instruments carried at book value on the Consolidated Balance Sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. Fair Value Measurements at December 31, 2023 (Dollars in Thousands) Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and Cash Equivalents $ 54,529 $ 39,676 $ 14,853 $ — $ 54,529 Securities Available-for-Sale 779,003 — 771,684 7,319 779,003 Portfolio Loans, net 3,408,858 — — 3,177,715 3,177,715 Federal Home Loan Bank Stock, at Cost 21,626 — — NA NA Other Assets- Interest Rate Derivatives 17,440 — 17,440 — 17,440 Accrued Interest Receivable 18,877 — 5,368 13,509 18,877 Financial Liabilities: Deposits $ 3,721,915 $ 685,218 $ 1,450,046 $ 1,599,043 $ 3,734,307 Other Liabilities- Interest Rate Derivatives 17,228 — 17,228 — 17,228 FHLB Borrowings 393,400 — — 392,696 392,696 Federal Funds Purchased — — — — — Accrued Interest Payable 7,288 — — 7,288 7,288 Fair Value Measurements at December 31, 2022 (Dollars in Thousands) Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and Cash Equivalents $ 46,869 $ 42,364 $ 4,505 $ — $ 46,869 Securities Available-for-Sale 836,273 25,400 803,356 7,517 836,273 Portfolio Loans, net 3,055,061 — — 2,955,489 2,955,489 Federal Home Loan Bank Stock, at Cost 9,740 — — NA NA Other Assets- Interest Rate Derivatives 22,974 — 22,974 — 22,974 Accrued Interest Receivable 19,346 138 4,903 14,305 19,346 Financial Liabilities: Deposits $ 3,632,538 $ 705,539 $ 1,665,473 $ 1,264,659 $ 3,635,671 Other Liabilities- Interest Rate Derivatives 22,543 — 22,543 — 22,543 FHLB Borrowings 180,550 — — 180,569 180,569 Federal Funds Purchased 17,870 17,870 17,870 Accrued Interest Payable 2,294 — — 2,294 2,294

RIGHT-OF-USE (_ROU_) ASSETS AND

RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES	RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES The Company has seven lease contracts, including five finance leases and two operating leases at December 31, 2023. These leases are for our branch and loan production facilities. There was one new lease agreement entered into in 2023. The following table presents our lease expense for finance and operating leases for the periods presented: December 31, (Dollars in Thousands) 2023 2022 2021 Operating Lease Expense $ 48 $ — $ — Amortization of ROU Assets - finance leases 365 374 234 Interest on lease liabilities - finance leases 292 287 156 Total Lease Expense $ 705 $ 661 $ 390 ROU assets are included in other assets December 31, (Dollars in Thousands) 2023 2022 Operating Leases ROU assets $ 419 $ — Operating cash flows $ 87 $ — Finance Leases ROU assets $ 6,988 $ 6,306 Operating cash flows $ 292 $ 287 Financing cash flows $ 185 $ 201 Weighted Average Lease Term - Years Operating leases 3.3 years — Finance leases 17.9 years 18.5 years Weighted Average Discount Rate Operating leases 6.60 % — % Finance leases 5.20 % 4.90 % ROU Assets obtained in exchange for Lease Liabilities Operating leases $ — $ — Finance leases $ 1,464 $ 3,391 Lease liabilities are included in other liabilities (Dollars in Thousands) Finance Operating Total Maturity Analysis 2024 $ 529 $ 167 $ 696 2025 540 130 670 2026 563 107 670 2027 577 89 666 2028 589 — 589 Thereafter 8,728 — 8,728 Total 11,526 493 0 12,019 Less: Present value discount (4,239) (52) (4,291) Lease Liabilities $ 7,287 $ 441 $ 7,728
RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES	RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES The Company has seven lease contracts, including five finance leases and two operating leases at December 31, 2023. These leases are for our branch and loan production facilities. There was one new lease agreement entered into in 2023. The following table presents our lease expense for finance and operating leases for the periods presented: December 31, (Dollars in Thousands) 2023 2022 2021 Operating Lease Expense $ 48 $ — $ — Amortization of ROU Assets - finance leases 365 374 234 Interest on lease liabilities - finance leases 292 287 156 Total Lease Expense $ 705 $ 661 $ 390 ROU assets are included in other assets December 31, (Dollars in Thousands) 2023 2022 Operating Leases ROU assets $ 419 $ — Operating cash flows $ 87 $ — Finance Leases ROU assets $ 6,988 $ 6,306 Operating cash flows $ 292 $ 287 Financing cash flows $ 185 $ 201 Weighted Average Lease Term - Years Operating leases 3.3 years — Finance leases 17.9 years 18.5 years Weighted Average Discount Rate Operating leases 6.60 % — % Finance leases 5.20 % 4.90 % ROU Assets obtained in exchange for Lease Liabilities Operating leases $ — $ — Finance leases $ 1,464 $ 3,391 Lease liabilities are included in other liabilities (Dollars in Thousands) Finance Operating Total Maturity Analysis 2024 $ 529 $ 167 $ 696 2025 540 130 670 2026 563 107 670 2027 577 89 666 2028 589 — 589 Thereafter 8,728 — 8,728 Total 11,526 493 0 12,019 Less: Present value discount (4,239) (52) (4,291) Lease Liabilities $ 7,287 $ 441 $ 7,728

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment are stated at cost less accumulated depreciation as follows: December 31, (Dollars in Thousands) 2023 2022 Land $ 18,826 $ 19,703 Bank Premises 58,983 54,872 Furniture and Equipment 35,772 34,945 Leasehold Improvements 1,579 1,618 Total Premises and Equipment 115,160 111,138 Accumulated Depreciation (41,453) (39,024) Total $ 73,707 $ 72,114 At both December 31, 2023 and December 31, 2022, we had no bank premises and equipment held-for-sale. Depreciation expense is included under occupancy expense, net in the Consolidated Statements of Income totaling $6.2 million in 2023, $6.1 million in 2022, and $6.2 million in 2021. Real estate on closed branches were valued based on recent comparative market values received from a real estate broker. The Company had $0.5 million in write-downs in 2023 and write-downs in the amount of $0.6 million and $3.2 million were recognized during 2022 and 2021, respectively. These write-downs on closed branches are included in losses and write-downs on OREO, net in the Consolidated Statements of Income. The net remaining carrying value of $2.3 million and $1.1 million is classified as held-for-sale in OREO in the Consolidated Balance Sheets as of December 31, 2023 and 2022, respectively.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2023
Real Estate Owned, Disclosure of Detailed Components [Abstract]
OTHER REAL ESTATE OWNED	OTHER REAL ESTATE OWNED The following table presents OREO activity as of the dates presented: Year Ended December 31, (Dollars in Thousands) 2023 2022 2021 Beginning of Year Balance $ 8,393 $ 10,916 $ 15,722 Loans Transferred to OREO 110 74 59 Transfer of Closed Retail Offices to OREO 1,854 2,675 12,013 Capitalized Expenditures — — — Direct Write-Downs (1,117) (741) (3,472) Cash Proceeds from Pay-downs (397) (422) (452) Sales of OREO (6,380) (4,109) (12,954) End of Year Balance $ 2,463 $ 8,393 $ 10,916 At December 31, 2023, 2022, and 2021, the balance of OREO includes $0.2 million, $7.3 million, and $9.9 million, respectively, of foreclosed properties recorded as a result of obtaining physical possession of the asset. At December 31, 2023 and 2022, the recorded investment of foreclosed residential real estate was $62 thousand and $133 thousand, respectively. At December 31, 2023 and 2022, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceeds are in process is $2.0 million and $0.9 million, respectively. Income and expenses applicable to foreclosed assets include the following: Year Ended December 31, (Dollars in Thousands) 2023 2022 2021 Provision for Losses $ 1,117 $ 741 $ 3,472 Operating Expenses, net of Rental Income 178 293 317 Net (Gain) Loss on Sales (17) (309) 150 OREO Expense $ 1,278 $ 725 $ 3,939

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES In accordance with applicable accounting guidance for derivatives and hedging, all derivatives are recognized as either assets liabilities Pursuant to agreements with various financial institutions, the Company may receive collateral or may be required to post collateral based upon mark-to-market positions. Beyond unsecured threshold levels, collateral in the form of cash or securities may be made available to counterparties of interest rate swap transactions. Based upon current positions and related future collateral requirements relating to them, management believes any effect on our cash flow or liquidity position to be immaterial. Derivatives contain an element of credit risk, the possibility that the Company will incur a loss because a counterparty, which may be a financial institution or a customer, fails to meet its contractual obligations. All derivative contracts with financial institutions may be executed only with counterparties approved by the Asset and Liability Committee (“ALCO”) and all derivatives with customers are approved by a team of members from senior management who have been trained to understand the risk associated with interest rate swaps and have past industry experience. Interest rate swaps are considered derivatives but are not accounted for using hedge accounting. As such, changes in the estimated fair value of the derivatives are recorded in current earnings in the Consolidated Statements of Income. The following table indicates the amounts representing the fair value of derivative assets and derivative liabilities at December 31: Fair Values of Derivative Instruments (Dollars in Thousands) 2023 2022 Number of Notional Fair Number of Notional Fair Derivatives not Designated as Hedging Instruments Interest Rate Lock Commitments – Mortgage Loans 3 $ 310 $ 3 $ 1 $ 200 $ 1 Interest Rate Swap Contracts – Commercial Loans 58 387,144 17,437 62 432,984 22,973 Total Derivatives not Designated as Hedging Instruments 61 $ 387,454 $ 17,440 63 $ 433,184 $ 22,974 Fair Values of Derivative Instruments (Dollars in Thousands) 2023 2022 Number of Notional Fair Number of Notional Fair Derivatives not Designated as Hedging Instruments Forward Sale Contracts – Mortgage Loans 3 $ 310 $ 3 1 $ 200 $ 1 Interest Rate Swap Contracts – Commercial Loans 58 387,144 17,225 62 432,984 22,542 Total Derivatives not Designated as Hedging Instruments 61 $ 387,454 $ 17,228 63 $ 433,184 $ 22,543 The following table indicates the (loss) income recognized in the Consolidated Statements of Income for derivatives for the years ended December 31: (Dollars in Thousands) 2023 2022 2021 Derivatives not Designated as Hedging Instruments Interest Rate Lock Commitments – Mortgage Loans $ 2 $ 1 $ — Forward Sale Contracts – Mortgage Loans (2) (1) — Interest Rate Swap Contracts – Commercial Loans (219) 605 89 Total Derivative (Loss) Income $ (219) $ 605 $ 89 Presenting offsetting derivatives that are subject to legally enforceable netting arrangements with the same party is permitted. For example, we may have a derivative asset and a derivative liability with the same counterparty to a swap transaction and are permitted to offset the asset position and the liability position resulting in a net presentation. The following table indicates the gross amounts of commercial loan swap derivative assets and derivative liabilities, the amounts offset and the carrying values included in the Consolidated Balance Sheets at December 31: Asset Derivatives (Included in Other Assets) Liability Derivatives (Included in Other Liabilities) (Dollars in Thousands) 2023 2022 2023 2022 Derivatives not Designated as Hedging Instruments Gross Amounts Recognized $ 17,437 $ 22,973 $ 17,225 $ 22,542 Gross Amounts Offset — — — — Net Amounts Presented in the Consolidated Balance Sheets 17,437 22,973 17,225 22,542 Gross Amounts Not Offset (1) — — — — Net Amount $ 17,437 $ 22,973 $ 17,225 $ 22,542 (1) Amounts represent collateral posted for the periods presented.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2023
Banking and Thrift, Interest [Abstract]
DEPOSITS	DEPOSITS The following table presents the composition of deposits at December 31: (Dollars in Thousands) 2023 2022 Noninterest-Bearing Demand $ 685,218 $ 705,539 Interest-Bearing Demand 481,506 496,948 Money Market 513,664 484,238 Savings 454,876 684,287 Certificates of Deposits 1,586,651 1,261,526 Total $ 3,721,915 $ 3,632,538 All depos i t accounts are i nsured by the FDIC u p to the maximum amount allowed by l aw. The Dodd-Frank Act , signed into law on July 2 1 , 2010, makes permanent the $250,000 limit for federal deposit insurance and the coverage limit applies per depositor, per insured depository institution for each account ownership. Certificates of deposits that exceed the FDIC Insurance limit of $250,000 at year-end 2023 and 2022 were $305.0 million and $159.0 million, respectively. At December 31, 2023 and December 31, 2022, total brokered deposits (excluding the CDARS and ICS two-way) were $70.0 million and zero, respectively. Certificates of Deposit maturing as of December 31: (Dollars in Thousands) 2023 2024 $ 1,203,944 2025 238,056 2026 71,063 2027 34,037 2028 38,548 Thereafter 1,003 Total $ 1,586,651 Overdrafts reclassified to loans were $0.3 million at both December 31, 2023 and December 31, 2022, respectively. Total deposit dollars from executive officers, directors, and their related interests at December 31, 2023 and 2022, respectively, were $1.8 million and $2.9 million.

FEDERAL HOME LOAN BANK BORROWIN

FEDERAL HOME LOAN BANK BORROWINGS AND FEDERAL FUNDS PURCHASED	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
FEDERAL HOME LOAN BANK BORROWINGS AND FEDERAL FUNDS PURCHASED	FEDERAL HOME LOAN BANK BORROWINGS AND FEDERAL FUNDS PURCHASED Borrowings serve as an additional source of liquidity for the Company. The Company had $393.4 million FHLB borrowings at December 31, 2023 and $180.6 million at December 31, 2022. FHLB borrowings are fixed and variable rate advances for various terms and are secured by a blanket lien on select residential mortgages, select multifamily loans, and select commercial real estate loans. Total loans pledged as collateral were $1.5 billion at both December 31, 2023 and December 31, 2022, respectively. There were no securities available-for-sale pledged as collateral at both December 31, 2023 and December 31, 2022. At December 31, 2023, funding sources accessible to the Company include borrowing availability at the FHLB, equal to 25% of the Company’s assets or approximately $1.1 billion, subject to the amount of eligible collateral pledged, of which the Company is eligible to borrow up to an additional $480.3 million. The Company has unsecured facilities with three other correspondent financial institutions totaling $50.0 million and access to the institutional CD and brokered deposit markets. The Company did not have outstanding borrowings on these fed funds lines as of December 31, 2023. The Company had the capacity to borrow up to an additional $676.7 million from the FHLB at December 31, 2022. The Company had no overnight federal funds purchased at December 31, 2023. There were $17.9 million outstanding overnight federal funds purchased at December 31, 2022. The following table represents the balance of FHLB borrowings, the weighted average interest rate, the interest expense and the borrowing availability for the years ended December 31: (Dollars in Thousands) 2023 2022 2021 FHLB Borrowings $ 393,400 $ 180,550 $ 7,000 Weighted Average Interest Rate 5.20 % 4.48 % 1.61 % Interest Expense $ 20,822 $ 1,163 $ 313 FHLB Availability $ 480,266 $ 676,746 $ 667,307 The following table represents the balance of federal funds purchased, the weighted average interest rate, the interest expense and the borrowing availability for the years ended December 31: (Dollars in Thousands) 2023 2022 2021 Federal Funds Purchased $ — $ 17,870 $ — Weighted Average Interest Rate — % 4.65 % — % Interest Expense $ 368 $ 188 $ — Federal Funds Purchased Availability $ 50,000 $ 127,130 $ 145,000 Scheduled annual maturities and weighted average interest rates for FHLB borrowings for each of the five years subsequent to December 31, 2023 and thereafter are as follows: (Dollars in Thousands) Balance Weighted 2024 $ 323,400 5.46 % 2025 25,000 4.13 % 2026 45,000 3.96 % 2027 — — % 2028 — — % Thereafter — — % Total FHLB Borrowings $ 393,400 5.20 %

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS The Company has adopted an integrated profit sharing plan, which allows for elective deferrals and non-elective profit sharing contributions. Associates become eligible for the elective deferrals at the beginning of the quarter after they have been employed at least a month and have reached the age of twenty years and six months. Associates are eligible for the non-elective profit sharing contributions at the beginning of the quarter after they have been employed six months and have reached the age of twenty years and six months. Vesting for the non-elective profit sharing contribution is based on years of service to the Company, with a year being any year an employee works a minimum of 1,000 hours. The following table details the vesting schedule based on years of service for participants: 1 Year of Service 20% Vested 2 Years of Service 40% Vested 3 Years of Service 60% Vested 4 Years of Service 80% Vested 5 Years of Service 100% Vested Any participant who has reached the age of 62 is fully vested regardless of length of service. Each participant in the plan (who has not reached age 62) becomes 100% vested after five (5) years of service. The non-elective contribution to the plan is determined each year by the Company’s Board of Directors (the “Board”) and thus may fluctuate in amount from year to year. The contribution by the Company, which includes contributions to the nonqualified plan discussed below, was $0.4 million in 2023, $1.0 million in 2022 and $0.9 million in 2021. These amounts are included in salaries and employee benefits in the Consolidated Statements of Income. Beginning in 2019, our integrated profit sharing plan includes a Company match based upon an associate’s elective deferral. This elective deferral is subject to dollar limits announced annually by the Internal Revenue Service (“IRS”). Elective deferrals are matched equal to 100% of the first 3% deferred and 50% of the next 2%, producing a maximum 4% match. Expense for this deferral match was $1.4 million, $1.3 million and $1.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. The Bank entered into a Nonqualified Profit Sharing Plan originally on December 30, 1996, which was subsequently amended and restated effective December 20, 2007. The purpose of the Nonqualified Profit Sharing Plan was to provide additional benefits to be paid to the executive upon the occurrence of a “Distributable Event,” which is either termination or death. The board of directors of the Bank (the “Bank Board”) approved the amended plan on December 20, 2007. Since its inception, the Bank’s former Chairman and Chief Executive Officer was the only executive who participated in the Nonqualified Profit Sharing Plan. In April 2017, a Distributable Event occurred, in which distributions will occur over 45 quarterly payments. The value of the plan was $0.6 million as of December 31, 2023, and was solely comprised of cash. The quarterly distributions began on January 1, 2018 and will continue to be paid out in equal quarterly installments approximating $30 thousand. On December 15, 2020, the Bank adopted an unfunded, nonqualified deferred compensation plan, called the Nonqualified Deferred Compensation Plan, to provide (i) certain key executives of the Bank (beginning after the date of adoption) the opportunity to defer to a later year on a pre-tax basis certain compensation without being subject to the dollar limits that apply to these associates under the Bank’s tax-qualified integrated profit-sharing plan and (ii) the Bank’s non-employee directors (beginning in January 2022) the opportunity to defer to a later year on a pre-tax basis certain director fees. The compensation and fees (and related earnings) deferred under this plan are held in a grantor trust until paid to the participants and remain subject to the claims of the creditors of the Bank and Company until paid to the participants. The balance in the nonqualified deferred compensation plan at December 31, 2023 and December 31, 2022 was $447.8 thousand and $269.6 thousand, respectively.

INCENTIVE AND RESTRICTED STOCK

INCENTIVE AND RESTRICTED STOCK PLAN	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
INCENTIVE AND RESTRICTED STOCK PLAN	INCENTIVE AND RESTRICTED STOCK PLAN The Bank Board adopted the Carter Bank & Trust 2018 Omnibus Equity Incentive Plan on March 29, 2018 based on the recommendation of the Bank’s Nominating and Compensation Committee (now, a committee of the Company, the “Committee”), which became effective on June 27, 2018. In connection with the Reorganization, the Company adopted and assumed the Carter Bank & Trust 2018 Omnibus Equity Incentive Plan as its own (now the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan, or, for purposes of this discussion, the “Plan”). The Plan reserves a total 2,000,000 shares of common stock for issuance and provides for the grant to key associates and non-employee directors of the Company and its subsidiaries of awards that may include one or more of the following: stock options, restricted stock, restricted stock units, stock appreciation rights, stock awards, performance units and performance cash awards (collectively, the “awards”). Subject to accelerated vesting under certain circumstances, the Plan requires a minimum vesting period of one year for awards subject to time-based conditions and a minimum performance period of one year for awards subject to achievement or satisfaction of performance goals. These minimums are applicable to awards other than those granted as part of a retainer for the service of non-employee directors. The Committee will determine the vesting period on the awards. No awards may be granted under the Plan more than ten years from the effective date of the Plan. As of December 31, 2023, 1,538,804 shares of common stock were available for issuance under the Plan. For purposes of this Note 15, references to the “Company” mean the “Bank” with respect to actions prior to the Reorganization. Restricted Stock The Company periodically issues restricted stock to non-employee directors and key associates pursuant to the Plan. As of December 31, 2023, 478,969 shares of restricted stock had been granted under the Plan. The Company granted 116,325 and 108,855 shares of restricted stock to key associates under the Plan during 2023 and 2022, respectively. These grants were approved by the Committee as compensation for substantial contributions to the Company’s performance. The time-based shares of restricted stock granted in 2023 to executives vest in one-third annual installments over three years under the short-term incentive plan. The time-based shares of restricted stock granted in 2022 to executives vest on the fifth anniversary of the grant date under the long-term incentive plan. The time-based shares of restricted stock to non-executives vest in one-third annual installments over three years. The closing price of our stock was used to determine the fair value on the date of the grant prior to September 1, 2023. Beginning September 1, 2023 the Company utilizes a 90-day look back period to estimate the average stock price to resolve issues of rapid stock price fluctuations. The Company granted 20,772 and 18,500 shares of restricted stock to non-employee directors under the Plan during 2023 and 2022, respectively. These grants were approved by the Committee as compensation for Board service. The time-based shares of restricted stock granted in 2023 and 2022 fully vest one year after the grant date. The fair value determination price for these grants is the same method as mentioned above. If any award granted under the Plan terminates, expires, or lapses for any reason other than by virtue of exercise or settlement of the award, or if shares issued pursuant to awards are forfeited, any stock subject to such award again shall be available for future awards under the Plan. Compensation expense for restricted stock is recognized ratably over the period of service, generally the entire vesting period, based on fair value on the grant date. The Company recognized compensation expense of $1.6 million, $1.3 million and $1.0 million for 2023, 2022, and 2021, respectively, related to restricted stock. As of December 31, 2023 and 2022, there was $2.1 million and $1.6 million, respectively, of total unrecognized compensation cost related to restricted stock that will be recognized as compensation expense over a weighted average period of 2.01 years and 2.30 years, respectively. The following table provides information about restricted stock granted under the Plan for the years ended December 31: Restricted Shares Weighted Average Non-vested at December 31, 2021 113,635 $ 14.80 Granted 127,355 16.50 Forfeited/Vested (80,793) 15.01 Non-vested at December 31, 2022 160,197 16.05 Granted 137,097 15.56 Forfeited/Vested (78,183) 16.24 Non-vested at December 31, 2023 219,111 $ 15.67 Performance Units The Company periodically grants performance units to executive officers pursuant to the Plan. The Company did not grant performance units during 2023 but granted 27,848 target amounts of performance units in aggregate to executive officers under the Plan during 2022. The closing price of $15.81 was used during 2022 to determine the fair value on the date of the grant. These grants are approved by the Committee as compensation for substantial contributions to the Company’s performance. The performance units can be earned up to a maximum of 110% of the target amount. They are subject to a three-year performance period and, if the performance criteria are met, will vest on the payment date which is within 70 days following the end of the performance period. The payout for the performance units will be determined based on three weighted performance based goals: (1) the Company's return on average assets (“ROAA”) performance during the performance period compared to its selected peer group, (2) the Company's core efficiency ratio during the performance period compared to its selected peer group, and (3) the Company’s nonperforming assets ratio performance during the performance period compared to its selected peer group. If the performance criteria are met, the Company will pay the performance units that have vested in shares of the Company’s common stock. If any award granted under the Plan terminates, expires, or lapses for any reason other than by virtue of exercise or settlement of the award, or if shares issued pursuant to awards are forfeited, any stock subject to such award again shall be available for future awards under the Plan. Compensation expense for performance units is based on fair value on the grant date. The performance units are subject to the probability of attainment of meeting the above referenced performance criteria and service requirement. Management has evaluated the performance-based criteria and has determined that, as of December 31, 2023 the criteria was not probable of being met at target, and at December 31, 2022, the criteria were probable of being met at target. The Company reversed compensation expense of $0.3 million for 2023 and recognized compensation expense $0.3 million for 2022 related to performance units.

FEDERAL AND STATE INCOME TAXES

FEDERAL AND STATE INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
FEDERAL AND STATE INCOME TAXES	FED E RAL AND ST AT E INCO M E T AX ES The components of the provision for income tax expense were as follows: (Dollars in Thousands) 2023 2022 2021 Current $ 4,969 $ 7,969 $ 994 Deferred (516) 3,939 3,643 Change in Valuation Allowance 884 (309) (529) Income Tax Provision $ 5,337 $ 11,599 $ 4,108 The following is a reconciliation of the differences between the provision for income taxes and the amount computed by applying the statutory federal income tax rate to income before taxes: 2023 2022 2021 (Dollars in Thousands) Amount Percent Amount Percent Amount Percent Federal Income Tax at Statutory Rate $ 6,031 21.0 $ 12,961 21.0 $ 7,497 21.0 State Income Tax, net of Federal Benefit 445 1.5 657 1.1 20 0.1 Tax-exempt Interest, net of Disallowance (708) (2.5) (873) (1.4) (1,131) (3.2) Federal Tax Credits, net of Basis Reduction (2,365) (8.2) (625) (1.0) (1,559) (4.4) Change in Valuation Allowance 884 3.1 (309) (0.5) (529) (1.5) Income from Bank Owned Life Insurance (290) (1.0) (285) (0.5) (290) (0.8) Tax Credit Amortization 1,660 5.8 — — — — Other (320) (1.1) 73 0.1 100 0.3 Income Tax Provision and Effective Income Tax Rate $ 5,337 18.6 $ 11,599 18.8 $ 4,108 11.5 The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before taxes. The Company ordinarily generates an annual effective tax rate that is less than the statutory rate of 21% due to benefits resulting from tax-exempt interest, tax-exempt income from bank owned life insurance, and tax benefits resulting from certain partnership investments. The Company elected to adopt the proportional amortization method of accounting for all qualifying equity investments within the HTC program. The Company makes equity investments as a limited partner in various partnerships that sponsor HTC as a strategic tax initiative designed to receive income tax credits and other income tax benefits, such as deductible flow-through losses. As of December 31, 2023, the Company recognized $1.8 million in HTC equity investments recorded as a component of other assets on the Consolidated Balance Sheets. The Company records income tax credits and other income tax benefits received from its HTC investments as a component of the provision for income taxes on the Consolidated Statements of Income and as a component of operating activities on the Consolidated Statements of Cash Flows. Investments accounted for using the proportional amortization method are amortized and recorded as a component of the provision for income taxes on the Consolidated Statements of Income. The Company records non-income-tax-related activity and other returns received from its HTC investments as a component of other noninterest income on the Consolidated Statements of Income and as a component of operating activities on the Consolidated Statements of Cash Flows. As of December 31, 2023, the Company has not recognized any non-income-tax-related activity from its HTC investments. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: (Dollars in Thousands) 2023 2022 Deferred Tax Assets Allowance for Credit Losses $ 21,576 $ 20,671 Net Unrealized Loss on Available-for-sale Securities 20,104 23,818 Valuation Adjustments on Other Real Estate Owned — 649 Capital Loss Carryforward 1,143 — Operating Lease Liabilities 1,718 1,451 Other 1,797 2,250 Gross Deferred Tax Assets 46,338 48,839 Less: Valuation Allowance (884) — Total Deferred Tax Assets $ 45,454 $ 48,839 (Dollars in Thousands) 2023 2022 Deferred Tax Liabilities Fixed Asset Depreciation $ (4,409) $ (4,523) Acquisition-Related Fair Value Adjustments (2,686) (2,737) Deferred Loan Income (1,607) (1,800) Operating Lease Right-of-Use Assets (1,647) (1,389) Equity Investment in Partnerships (480) (113) Other (437) (312) Total Deferred Tax Liabilities (11,266) (10,874) Net Deferred Tax Assets $ 34,188 $ 37,965 Management assesses all available positive and negative evidence to estimate whether sufficient future taxable income of the appropriate character will be generated to utilize existing deferred tax assets. Based on this evaluation, as of December 31, 2023, a valuation allowance of $0.9 million has been recorded on deferred tax assets related to capital loss carryforwards resulting from exits of equity investments in partnerships and sales of securities. The Company has not identified prudent and feasible strategies to generate future capital gains to offset the entirety of the capital loss carryforward prior to their expiration in 2028. At December 31, 2023 and 2022, the Company had no ASC 740-10 unrecognized tax benefits or accrued interest and penalties recorded. The Company does not expect the total amount of unrecognized tax benefits to significantly increase within the next twelve months. The Company recognizes interest and penalties on unrecognized tax benefits in noninterest expense. The Company is subject to U.S. federal income tax as well as various other state and local jurisdictions. The Company is generally no longer subject to examination by federal, state and local taxing authorities for years prior to December 31, 2020.

TAX EFFECTS ON OTHER COMPREHENS

TAX EFFECTS ON OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
TAX EFFECTS ON OTHER COMPREHENSIVE INCOME (LOSS)	TAX EFFECTS ON OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the change in components of other comprehensive income (loss) for the years ended December 31, net of tax effects: (Dollars in Thousands) Pre-Tax Tax (Expense) Benefit Net of Tax 2023 Net Unrealized Gains Arising during the Period $ 16,370 $ (3,398) $ 12,972 Reclassification Adjustment for Losses included in Net Income 1,521 (316) 1,205 Other Comprehensive Income $ 17,891 $ (3,714) $ 14,177 2022 Net Unrealized Losses Arising during the Period $ (111,542) $ 24,261 $ (87,281) Reclassification Adjustment for Gains included in Net Income (46) 9 (37) Other Comprehensive Loss $ (111,588) $ 24,270 $ (87,318) 2021 Net Unrealized Losses Arising during the Period $ (10,877) $ 2,284 $ (8,593) Reclassification Adjustment for Gains included in Net Income (6,869) 1,443 (5,426) Other Comprehensive Loss $ (17,746) $ 3,727 $ (14,019)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments to extend credit, which amounted to $702.3 million at December 31, 2023 and $630.6 million at December 31, 2022, represent agreements to lend to customers with fixed expiration dates or other termination clauses. The Company provides lines of credit to our clients to finance the completion of construction projects and revolving lines of credit to operating companies to finance their working capital needs. Lines of credit for construction projects represented $452.2 million, or 64.4%, and $373.2 million, or 59.2%, of the commitments to extend credit at December 31, 2023 and December 31, 2022, respectively. Standby letters of credit are conditional commitments issued by the Company guaranteeing the performance of a customer to a third-party. Those guarantees are primarily issued to support public and private borrowing arrangements. The Company had outstanding letters of credit totaling $19.6 million at December 31, 2023 and $25.7 million at December 31, 2022. Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and unconditional obligations as it does for on-balance sheet instruments. Unless noted otherwise, collateral or other security is required to support financial instruments with credit risk. Life-of-Loss Reserve on Unfunded Loan Commitments We maintain a life-of-loss reserve on unfunded commercial lending commitments and letters of credit to provide for the risk of loss inherent in these arrangements. The life-of-loss reserve is computed using a methodology similar to that used to determine the ACL for loans, modified to take into account the probability of a draw-down on the commitment. The life-of-loan reserve for unfunded commitments is included in other liabilities on our Consolidated Balance Sheets. The following table presents activity in the life-of-loss reserve on unfunded loan commitments as of and for the years ended December 31: (Dollars in Thousands) December 31, 2023 December 31, 2022 Life-of-Loss Reserve on Unfunded Loan Commitments Balance at beginning of period $ 2,292 $ 1,783 Provision for Unfunded Commitments 901 509 Balance at end of period $ 3,193 $ 2,292 Amounts are added or subtracted to the provision for unfunded commitments through a charge or credit to current earnings in the provision for unfunded commitments. An expense of $0.9 million was recorded for the year ended December 31, 2023 for the provision for unfunded commitments, which resulted in an increase of $0.4 million compared to the provision of $0.5 million for the year ended December 31, 2022. We have a future commitment with a third party vendor for data processing charges, which is a ten year contract that will expire at the end of 2028. Data processing expense was $3.9 million, $4.1 million and $3.8 million for 2023, 2022 and 2021, respectively. Legal Proceedings In the normal course of business, the Company is subject to various legal and administrative proceedings and claims. Legal and administrative proceedings are subject to inherent uncertainties and unfavorable rulings could occur, and the timing and outcome of any legal or administrative proceeding cannot be predicted with certainty. Further, estimating an amount or range of possible losses that may result from legal or administrative proceedings and claims is inherently difficult and requires an extensive degree of judgment, particularly where the matters involve indeterminate claims for monetary damages, may involve awards that are discretionary in amount, present novel legal theories or policies, are in the early stages of the proceedings, or are subject to appeal. In addition, because legal proceedings may be resolved over an extended period of time, potential losses are subject to change due to the outcome of intermediate procedural and substantive rulings, actions by other parties which may be influenced by their settlement posture or their evaluation of the strength or weakness of their case, and other factors. For these reasons, the Company cannot reasonably estimate the ultimate outcome or timing of, or possible losses resulting from, the matters described below, and cannot conclude if the outcome of any of these matters would have a material impact to the Company. Other than as set forth below, as of December 31, 2023, the Company is not involved in any other material pending legal proceedings other than proceedings occurring in the ordinary course of business. Justice Collection Actions The Bank is engaged in a variety of collection proceedings (the “Collection Actions”) against various related entities that are owned and/or controlled by James C. Justice, II, Cathy L. Justice and James C. Justice, III (such entities, the “Justice Entities” and collectively with the individuals, the “Collection Defendants”). On April 20, 2023 and May 15, 2023, the Bank filed in the Circuit Court of the City of Martinsville, Virginia (the “Martinsville Circuit Court”) confessions of judgment against the Collection Defendants with respect to amounts owed on matured promissory notes made or guaranteed by the Collection Defendants with an aggregate principal balance of approximately $301 million. On May 12, 2023 and June 7, 2023, the Collection Defendants filed motions to set aside the confessions of judgment on the basis that the Bank allegedly (i) violated anti-tying provisions of the Bank Holding Company Act of 1956, as amended, (ii) breached contractual obligations and fiduciary duties to the Collection Defendants and (iii) tortiously interfered with the Collection Defendants’ business expectancies and relationships, among other allegations. On December 11, 2023, the Martinsville Circuit Court heard oral arguments on the motions to set aside the confessions of judgment filed by the Collection Defendants. On January 22, 2024, the Martinsville Circuit Court issued a letter opinion denying such motions. On February 21, 2024, the Martinsville Circuit Court issued final orders denying such motions. On February 26, 2024, the Collection Defendants filed a notice of appeal regarding the Martinsville Circuit Court’s order denying such motions. Pursuant to the confessions of judgment that were upheld by the Martinsville Circuit Court, the Bank has initiated collection processes against the Collection Defendants (see “—Justice Foreclosure Litigation”). The Company and the Bank intend to pursue vigorously the Collection Actions and enforce the confessions of judgment and related agreements, including but not limited to release and affirmation agreements and indemnification agreements. The Company and the Bank vigorously deny the allegations contained in the Collection Defendants’ motions to set aside the confessions of judgment and, based on consultation with legal counsel, the Company believes that the Bank has meritorious defenses to all allegations that it understands may be asserted on appeal. However, the Company cannot reasonably estimate the ultimate outcome or timing of, or possible losses resulting from, the Collection Actions or any related legal proceedings that may commence, and cannot conclude if the outcome of any of these matters would have a material impact to the Company. Justice Federal Court Litigation On November 10, 2023, the Company, the Bank, and the individual directors of the Company and the Bank were named as defendants in a lawsuit (the “Justice Federal Court Litigation”) filed in the United States District Court for the Southern District of West Virginia by the Collection Defendants. The allegations contained in the Justice Federal Court Litigation relate to the matured promissory notes made or guaranteed by the Collection Defendants that are the subject of the Collection Actions. In the Justice Federal Court Litigation, as plaintiffs the Collection Defendants allege that the Company, the Bank and to a vicarious and limited extent, the individual directors (i) breached an implied covenant of good faith and fair dealing, (ii) breached fiduciary duties, (iii) tortiously interfered with business relations and (iv) violated anti-tying restrictions of the Bank Holding Company Act of 1956, as amended, and allege that the individual directors aided and abetted the same. As plaintiffs in the Justice Federal Court Litigation, the Collection Defendants seek monetary damages of not less than $1.0 billion, additional punitive damages and interest on damages as allowed by law, payment of costs, expenses and attorneys’ fees, and a declaratory judgment from the court that certain confessions of judgment, and certain guarantees, be declared void and unenforceable. The Company and the Bank deny the allegations contained in the Justice Federal Court Litigation and intend to vigorously defend the matter and the validity and enforceability of the confessions of judgment and of each of the Bank’s loan documents, including the guarantees. Based on information presently available to the Company and the Bank and based on consultation with legal counsel, the Company believes that the Company, the Bank and the individual defendants have meritorious defenses to all allegations contained in the Justice Federal Court Litigation. Because the Justice Federal Court Litigation is in its early stages, the Company cannot reasonably estimate the ultimate outcome or timing of, or possible losses resulting from, the Justice Federal Court Litigation or any related legal proceedings that may commence, and cannot conclude if the outcome of any of these matters would have a material impact to the Company. Justice Foreclosure Litigation On February 7, 2024, the Bank was named as a defendant in a lawsuit (the “Justice Foreclosure Litigation”) filed in the Circuit Court of Greenbrier County, West Virginia (the “Greenbrier Circuit Court”) by Greenbrier Sporting Club Development Co., Inc. and The Greenbrier Sporting Club, Inc. (collectively, “Sporting Club”). The Justice Foreclosure Litigation relates to a deed of trust (the “Trust Deed”) granted by Sporting Club in favor of the Bank. The trustee under this deed of trust was also named as a defendant. In the Justice Foreclosure Litigation, Sporting Club requests the Greenbrier Circuit Court to issue declaratory judgments that the Trust Deed is invalid and unenforceable, the Notice of Sale (defined below) is invalid and of no effect, and that the trustee and the Bank may not sell the property described in the Notice of Sale. Sporting Club also requests the Greenbrier Circuit Court to issue a declaratory judgment that the debts secured by the Trust Deed are not payable and therefore no trustee sale is permitted, or alternatively that Sporting Club is entitled to final adjudication of the Justice Federal Court Litigation before any sale of property by the trustee under the Trust Deed may proceed. On or about February 6, 2024, a notice of sale (the “Notice of Sale”) was published in multiple newspapers regarding the proposed sale by the Trustee of certain real estate encumbered by the Trust Deed. The debts secured by the Trust Deed matured on April 15, 2023 and the Bank filed confessions of judgment with respect to such debts in the Martinsville Circuit Court. See the description of the Justice Collection Litigation above. On February 16, 2024, the Bank cancelled the proposed sale by the Trustee of the real estate encumbered by the Trust Deed. The Bank disputes all allegations contained in the Justice Foreclosure Litigation and intends to defend vigorously the matter and the validity and enforceability of the Trust Deed, the validity and collectability of the debts owed to the Bank by the Sporting Club. The Bank intends to oppose vigorously the injunctive relief requested by Sporting Club in the Justice Foreclosure Litigation. Based on information presently available to the Company and the Bank and based on consultation with legal counsel, the Company believes that the Bank has meritorious defenses to all allegations contained in the Justice Foreclosure Litigation. Because the Justice Foreclosure Litigation is in its early stages, the Company cannot reasonably estimate the ultimate outcome or timing of, or possible losses resulting from, the Justice Foreclosure Litigation or any related legal proceedings that may commence, and cannot conclude if the outcome of any of these matters would have a material impact to the Company. GLAS Federal Court Litigation On February 12, 2024, the Bank was named as a defendant in a lawsuit (the “GLAS Federal Court Litigation”) filed in the United States District Court for the Western District of Virginia by GLAS Trust Company LLC (“GLAS”). The allegations contained in the GLAS Federal Court Litigation relate to a series of financing transactions that occurred in 2018 between Bluestone Resources, Inc. (“Bluestone Resources”), its subsidiary Bluestone Coal Sales Corporation (“Bluestone Sales”, and together with Bluestone Resources and their respective affiliates, the “Bluestone Entities”), and Greensill (UK) Limited, Ltd. (“Greensill”). The Bluestone Entities are owned and controlled by James C. Justice, II, Cathy L. Justice and James C. Justice, III. In the GLAS Federal Court Litigation, GLAS alleges that it serves as trustee for investors that acquired notes via a series of securities transactions that repackaged the Bluestone Entities’ obligations to repay Greensill and sold them to those investors. In the GLAS Federal Court Litigation, GLAS alleges that certain transfers to the Bank executed during 2018 by the Bluestone Entities or Greensill, which in the aggregate total approximately $226 million, each constitute either a fraudulent conveyance, or a voluntary conveyance, under Virginia law. In the GLAS Federal Court Litigation, GLAS seeks an award equal to the full amount of such fraudulent conveyances and/or voluntary conveyances plus interest and payment of attorneys’ fees and costs. The Company and the Bank deny the allegations contained in the GLAS Federal Court Litigation and intend to defend vigorously all claims asserted in the GLAS Federal Court Litigation. Based on information presently available to the Company and the Bank and based on consultation with legal counsel, the Company believes that the Bank has meritorious defenses to all allegations contained in the GLAS Federal Court Litigation. During the course of the Bank’s lending transactions with James C. Justice, II, Cathy L. Justice and James C. Justice, III, and various Justice Entities, each of James C. Justice, II, Cathy L. Justice and James C. Justice, III and certain Justice Entities agreed (the “Justice Indemnity Agreement”) to indemnify, defend and hold harmless the Bank from damages, claims, liabilities, losses, and expenses incurred in connection with certain claims that may be asserted against the Bank, including the claims that are asserted in the GLAS Federal Court Litigation. These indemnity obligations are supported by substantial pledged collateral. The Company and the Bank intend to pursue vigorously all remedies afforded to the Bank under the Justice Indemnity Agreement.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees, merchant income, and annuity and insurance commissions and return on investment. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts: Service charges on deposit accounts consist of overdraft fees, service charges on returned checks, stop payment fees, check chargeback fees, minimum balance fees, and other deposit account related fees. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on returned checks are recognized at the point in time that a check is returned. Transaction-based fees, which include services such as stop payment fees, check chargeback fees, and other deposit account related fees are recognized at the point in time the Company fulfills the customer’s request. Minimum balance fees are system-assessed at the point in time that a customer’s balance is below the required minimum for the product. Service charges on deposits are withdrawn from the customer’s account balance. Other Fees and Other Income: Other fees and other income consists of safe deposit rents, money order fees, check cashing and cashiers’ check fees, wire transfer fees, letter of credit fees, check order income, and other miscellaneous fees. These fees are largely transaction-based; therefore, the Company’s performance obligation is satisfied and the resultant revenue is recognized at the point in time the service is rendered. Payments for transaction-based fees are generally received immediately or in the following month by a direct charge to a customer’s account. Debit Card Interchange Fees: The Company earns interchange fees from debit cardholder transactions conducted through a card payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Insurance: Commission income is earned based on customer transactions. The commission income is recognized when the transaction is complete. The Company also receives a return on its investment in Bankers Insurance, LLC on an annual basis based on the equity insurance company and percentage of ownership. OREO Income: The Company owns properties acquired through foreclosure that are included in other real estate owned, net on the Consolidated Balance Sheet. If the Company rents any of those properties, the resultant income is recognized at the point of receipt since the performance obligation has been satisfied. The rents are generally received monthly. Gains/Losses on Sales of OREO: The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is disposed and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. The following table summarizes the point of revenue recognition and the income recognized for each of the revenue streams for the years ended December 31: (Dollars in Thousands) Point of Revenue 2023 2022 2021 In-Scope Revenue Streams Service Charges on Deposit Accounts At a point in time $ 5,534 $ 5,537 $ 5,036 Other Fees and Other Income At a point in time 1,885 3,284 3,233 Debit Card Interchange Fees At a point in time 7,828 7,427 7,226 Insurance Customer Commissions At a point in time 131 104 91 Annual Commission on Investment Over time 1,814 1,857 1,681 Special Production Payout Over time — — 129 Other Real Estate Owned Income At a point in time 75 50 90 Gains on Sales and Write-downs of Bank Premises, net At a point in time — 73 — Gains (Losses) on Sale of Other Real Estate Owned At a point in time *** *** *** Total In-Scope Revenue Streams 17,267 18,332 17,486 Out of Scope Revenue Streams (Losses) Gain on Sales of Securities, net (1,521) 46 6,869 Bank Owned Life Insurance Income 1,381 1,357 1,380 Commercial Loan Swap Fee Income 139 774 2,416 Other 1,012 1,209 730 Total Noninterest Income $ 18,278 $ 21,718 $ 28,881 ***Reported net with Losses on Sales and Write-downs of Other Real Owned in Noninterest Expense

PARENT COMPANY CONDENSED FINANC

PARENT COMPANY CONDENSED FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY CONDENSED FINANCIAL INFORMATION	PARENT COMPANY CONDENSED FINANCIAL INFORMATION Balance Sheets December 31, (Dollars in Thousands) 2023 2022 ASSETS Cash $ 629 $ 2,199 Investment in Bank Subsidiary 347,429 321,732 Other Assets 3,337 4,699 Total Assets $ 351,395 $ 328,630 LIABILITIES Other Liabilities $ 152 $ 3 Total Shareholders’ Equity 351,243 328,627 Total Liabilities and Shareholders’ Equity $ 351,395 $ 328,630 Statements of Net Income December 31, (Dollars in Thousands) 2023 2022 2021 Dividends from Subsidiaries $ 14,029 $ 45,377 $ 6,000 Total Income 418 — — Total Expenses (3,011) (2,696) (2,238) Income Before Income Tax Benefit and Undistributed Net Income of Bank Subsidiary 11,436 42,681 3,762 Income Tax Benefit (534) (577) (446) Income Before Undistributed Net Income of Bank Subsidiary 11,970 43,258 4,208 Equity in Undistributed Net Income of Bank Subsidiary 11,414 6,860 27,382 Net Income $ 23,384 $ 50,118 $ 31,590 Comprehensive Income (Loss) $ 37,561 $ (37,200) $ 17,571 Statements of Cash Flows December 31, (Dollars in Thousands) 2023 2022 2021 OPERATING ACTIVITIES Net Income $ 23,384 $ 50,118 $ 31,590 Equity in Undistributed Net Income of Bank Subsidiary (11,414) (6,860) (27,382) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Stock Compensation Expense 1,561 1,314 1,040 Decrease (Increase) in Other Assets 1,774 (3,778) (571) Decrease in Other Liabilities (47) (460) — Decrease in Intercompany Liability — — (17) Net Cash Provided by Operating Activities 15,258 40,334 4,660 INVESTING ACTIVITIES Equity Investment in Non-Subsidiary, net of distributions (412) (350) Net Cash Used in Investing Activities (412) (350) — FINANCING ACTIVITIES Repurchase of Common Stock (16,416) (42,927) (157) Net Cash Used In Financing Activities (16,416) (42,927) (157) Net (Decrease) Increase in Cash (1,570) (2,943) 4,503 Cash at Beginning of Year 2,199 5,142 639 Cash at End of Year $ 629 $ 2,199 $ 5,142

CAPITAL ADEQUACY

CAPITAL ADEQUACY	12 Months Ended
	Dec. 31, 2023
Regulatory Capital Requirements under Banking Regulations [Abstract]
CAPITAL ADEQUACY	CAPITAL ADEQUACY The Company and the Bank are subject to various capital requirements administered by the federal banking regulators. Failure to meet the minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Quantitative measures established by regulations to ensure capital adequacy require the Company to maintain minimum amounts and ratios. The Basel rules also permit banking organizations with less than $15.0 billion in assets to retain, through a one-time election, existing treatment for accumulated other comprehensive loss, which currently does not affect regulatory capital. The Company elected to retain this treatment which reduces the volatility of regulatory capital levels. The Basel III Capital Rules require the Company and the Bank to maintain minimum Common Equity Tier 1, Tier 1 and Total Capital ratios, along with a capital conservation buffer, effectively resulting in new minimum capital ratios (which are shown in the table below). The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of Common Equity Tier 1 capital to risk-weighted assets above the minimum but below the conservation buffer (or below the combined capital conservation buffer and countercyclical capital buffer, when the latter is applied) will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall. The Basel III Capital Rules also provide for a 2.5% “countercyclical capital buffer” that is applicable to only certain covered institutions and does not have any current applicability to the Company or the Bank. Management believes as of December 31, 2023, the Company and the Bank met all capital adequacy requirements to which the Company is subject and satisfied the applicable capital conservation buffer requirements. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At year-end 2023 and 2022, the most recent regulatory notifications categorized the Bank as well-capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. The following table summarizes risk-based capital amounts and ratios for the Company and the Bank, excluding the 2.5% capital conservation buffer: Actual Minimum To be Well Capitalized (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2023 Leverage Ratio Carter Bankshares, Inc. $ 435,364 9.48 % $ 183,636 4.00 % NA NA Carter Bank & Trust 431,550 9.41 % 183,427 4.00 % $ 229,283 5.00 % Common Equity Tier 1 (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 435,364 11.08 % $ 176,868 4.50 % NA NA Carter Bank & Trust 431,550 10.99 % 176,716 4.50 % $ 255,256 6.50 % Tier 1 Capital (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 435,364 11.08 % $ 235,824 6.00 % NA NA Carter Bank & Trust 431,550 10.99 % 235,621 6.00 % $ 314,161 8.00 % Total Capital (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 484,925 12.34 % $ 314,432 8.00 % NA NA Carter Bank & Trust 481,070 12.25 % 314,161 8.00 % $ 392,702 10.00 % As of December 31, 2022 Leverage Ratio Carter Bankshares, Inc. $ 439,606 10.29 % $ 170,906 4.00 % NA NA Carter Bank & Trust 432,711 10.13 % 170,857 4.00 % $ 213,571 5.00 % Common Equity Tier 1 (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 439,606 12.61 % $ 156,936 4.50 % NA NA Carter Bank & Trust 432,711 12.42 % 156,722 4.50 % $ 226,376 6.50 % Tier 1 Capital (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 439,606 12.61 % $ 209,248 6.00 % NA NA Carter Bank & Trust 432,711 12.42 % 208,962 6.00 % $ 278,617 8.00 % Total Capital (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 483,450 13.86 % $ 278,997 8.00 % NA NA Carter Bank & Trust 476,496 13.68 % 278,617 8.00 % $ 348,271 10.00 %

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income	$ 23,384	$ 50,118	$ 31,590

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation: The Consolidated Financial Statements include the accounts of Carter Bankshares, Inc. and its wholly owned subsidiary. The Investment Company is a subsidiary of the Bank. All significant intercompany transactions have been eliminated in consolidation.
Reclassification	Reclassification: Amounts in prior years' financial statements and footnotes are reclassified whenever necessary to conform to the current year’s presentation. Reclassifications had no material effect on prior year net income or shareholders’ equity.
Use of Estimates	Use of Estimates: To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the Consolidated Financial Statements and the disclosures provided, and actual results could differ from those estimates. Information available which could affect these judgments include, but are not limited to, changes in interest rates, changes in the performance of the economy, and changes in the financial condition of borrowers.
Operating Segments	Operating Segments: The chief decision-makers of our operating segments monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis, and operating segments are aggregated into one as operating results for all segments are similar. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.
Cash and Cash Equivalents and Restrictions on Cash	Cash and Cash Equivalents: The Company considers all cash on hand, amounts due from banks, federal funds sold, and FRB excess reserves as cash equivalents for the purposes of the Consolidated Statements of Cash Flows with all items having original maturities fewer than 90 days. Federal funds are customarily sold for one-day periods. The FRB pays the target fed funds rate on the FRB excess reserves. Restrictions on Cash: Cash on hand or on deposit with the FRB is required to meet regulatory reserve and clearing requirements.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and financial standby and performance letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Comprehensive Income (Loss)	Comprehensive Income (Loss): Comprehensive income (loss) consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains (losses) on securities available-for-sale, net of tax.
Securities	Securities: The Company classifies securities into either the held-to-maturity or available-for-sale categories at the time of purchase. All securities were classified as available-for-sale at December 31, 2023 and December 31, 2022. Securities classified as available-for-sale include securities which can be sold for liquidity, investment management, or similar reasons even if there is not a present intention of such a sale. Available-for-sale securities are reported at fair value, with unrealized gains (losses), net of tax included in other comprehensive income (loss). Premium amortization is deducted from, and discount accretion is added to, interest income on securities using the level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses are recognized upon the sale of specific identified securities on the completed trade date. Management evaluates debt securities for impairment on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. In determining impairment, management considers many factors, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the Company has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. The assessment of whether an impairment decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time.
Loans Held-for-Sale	Loans Held-for-Sale: Loans held-for-sale arise primarily from two sources. First, we purchase mortgage loans on a short-term basis from a partner financial institution that have fully executed sales contracts to end investors. Second, we originate and close mortgages with fully executed contracts with investors to purchase shortly after closing. We then hold these mortgage loans from both sources until funded by the investor, typically a two-week period. Gains and losses on sales of mortgage loans held-for-sale are determined using the specific identification method and are included in other noninterest income in the Consolidated Statements of Net Income. From time to time, certain loans are transferred from the loan portfolio to loans held-for-sale, which are carried at the lower of cost or fair value. If a loan is transferred from the loan portfolio to the held-for-sale category, any write-down in the carrying amount of the loan at the date of transfer is recorded as a charge-off against the ACL. Subsequent declines in fair value are recognized as a charge to noninterest income. The remaining unamortized fees and costs are recognized as part of the cost basis of the loan at the time it is sold. Gains and losses on sales of loans held-for-sale are included in other noninterest income in the Consolidated Statements of Net Income.
Loans	Loans: Loans that management have the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, discounts, and an allowance for credit losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. An individually evaluated loan analysis is conducted for loans that are either or both nonperforming or a restructured loan with a commitment of $1.0 million or greater and/or based on management’s discretion. Loans, including individually evaluated loans, are generally classified as nonaccrual if they are past due as to maturity or payment of principal or interest for a period of more than 90 days based on contractual terms, unless such loans are well-secured and in the process of collection. If a loan or a portion of a loan is classified as doubtful or is partially charged off, the loan is generally classified as nonaccrual. Loans that are on a current payment status or past due less than 90 days may also be classified as nonaccrual, if repayment in full of principal and/or interest is unlikely. Any interest that is accrued, but not collected is reversed against interest income when a loan is placed on nonaccrual status, which typically occurs prior to charging off all, or a portion, of a loan. While a loan is classified as nonaccrual and the probability of collecting the recorded loan balance is doubtful, collections of interest and principal are generally applied as a reduction to principal outstanding. Payments collected on a nonaccrual loan are first applied to principal, secondly to any existing charge-offs, thirdly to interest, and lastly to any outstanding fees owed to the Company. Loans may be returned to accrual status when all principal and interest amounts contractually due are reasonably assured of repayment within an acceptable period of time, and there is a period of a minimum of six months of satisfactory payment performance by the borrower in accordance with the contractual terms of interest and principal. Allowance for Credit Losses: The allowance for credit losses represents management’s estimate of expected credit losses inherent in the loan portfolio, and consists of an allowance for credit losses for pooled loans. Management estimates the allowance for credit losses for pooled loans utilizing a Discounted Cash Flow (“DCF”) method. The ACL related to loans individually evaluated is primarily based on the excess of the loan's current outstanding principal balance compared to the estimated fair value of the related collateral, less cost to sell. For a loan that is not collateral-dependent, the allowance is recorded at the amount by which the outstanding principal balance exceeds the current estimate of the present value of future cash flows on the loan discounted at the loan's original effective interest rate. Our CECL methodology introduced a modified discounted cash flow methodology based on expected cash flow changes in the future for the Other segment. A significant population of the Other segment was not impaired under the probable incurred loss model and therefore not subject to a collateral dependent specific reserve analysis. For the population of the Other segment that was impaired under the incurred loss model, based on collateral values, the specific reserves totaled zero. The CECL model was developed with subjective assumptions that is driven by the following key factors: prepayment speeds, timing of prepayments, loss given defaults as well as other factors including the discount rate based upon the cost of capital and ultimately the timing of future cash flows. For more details, see Note 6 - Allowance for Credit Losses, in Item 8 of this Annual Report on Form 10-K. Allowance for Credit Losses Policy The Company’s methodology for estimating the ACL includes: Segmentation. The Company’s loan portfolio is segmented by homogeneous loan types that behave similarly to economic cycles. Specific Analysis. A specific reserve analysis is applied to certain individually evaluated loans. These loans are evaluated quarterly generally based on collateral value, observable market value or the present value of expected future cash flows. A specific reserve is established if the fair value is less than the loan balance. A charge-off is recognized when the loss is quantifiable and confirmed. Individually evaluated loans not specifically analyzed receive a quantitative and qualitative analysis, as described below. Quantitative Analysis. The Company elected to use Discounted Cash Flow (“DCF”). Economic forecasts include but are not limited to unemployment, the Consumer Price Index, the Housing Price Index and Gross Domestic Product. These forecasts are assumed to revert to the long-term average and are utilized in the model to estimate the probability of default and loss given default through regression. Model assumptions include, but are not limited to the discount rate, prepayments and curtailments. The product of the probability of default and the loss given default is the estimated loss rate, which varies over time. The estimated loss rate is applied within the appropriate periods in the cash flow model to determine the net present value. Net present value is also impacted by assumptions related to the duration between default and recovery. The reserve is based on the difference between the summation of the principal balances taking amortized costs into consideration and the summation of the net present values. Qualitative Analysis. Based on management’s review and analysis of internal, external and model risks, management may adjust the model output. Management reviews the peaks and troughs of the model’s calibration, taking into account economic forecasts to develop guardrails that serve as the basis for determining the reasonableness of the model’s output and makes adjustments as necessary. This process challenges unexpected variability resulting from outputs beyond the model’s calibration that appear to be unreasonable. Additionally, management may adjust the economic forecast if it is incompatible with known market conditions based on management’s experience and perspective. “Other” Segmented Pool CECL provides for the flexibility to model loans differently compared to the prior model. With the adoption of CECL management elected to evaluate certain loans based on shared but unique risk attributes. The loans included in the Other segment of the model were underwritten and approved based on standards that are inconsistent with our current underwriting standards. The model for the Other segment was developed with subjective assumptions that may cause volatility driven by the following key factors: prepayment speeds, timing of contractual payments, discount rate, as well as other factors. The discount rate is reflective of the inherent risk in the Other segment. A substantial change in these assumptions could cause a significant impact to the model causing volatility. Management reviews the model output for appropriateness and subjectively makes adjustments as needed. The analysis applied to this pool resulted in an allowance of $51.3 million at adoption on January 1, 2021 and is disclosed in the Other segment line item. Our charge-off policy for loans requires that loans and other obligations that are not collectible be promptly charged-off when the loss becomes probable, regardless of the delinquency status of the loan. The Company may elect to recognize a partial charge-off when management has determined that the value of collateral is less than the remaining investment in the loan. A loan or obligation does not need to be charged-off, regardless of delinquency status, if (i) management has determined there exists sufficient collateral to protect the remaining loan balance and (ii) there exists a strategy to liquidate the collateral. Management may also consider a number of other factors to determine when a charge-off is appropriate. These factors may include, but are not limited to: • The status of a bankruptcy proceeding • The value of collateral and probability of successful liquidation; and/or • The status of adverse proceedings or litigation that may result in collection Consumer unsecured loans and secured loans are evaluated for charge-off after the loan becomes 90 days past due. Unsecured loans are fully charged-off and secured loans are charged-off to the estimated fair value of the collateral less the cost to sell. Closed-end installment loans, amortizing loans secured by real estate and any other loans with payments scheduled monthly are reported past due when the borrower is in arrears two or more monthly payments. Other multi-payment obligations with payments scheduled other than monthly are reported past due when one scheduled payment is due and unpaid for 30 days or more. We monitor delinquency on a monthly basis, including early stage delinquencies of 30 to 89 days past due for early identification of potential problem loans. Refer to the “Credit Quality” and the “Allowance for Credit Losses” sections in the MD&A and Note 6, Allowance for Credit Losses, in the Notes to Consolidated Financial Statements of this Annual Report on Form 10-K for more details.
Loan Restructurings	Loan Restructurings:
Concentration of Credit Risk	Concentration of Credit Risk: The majority of the Company's loans, commitments and lines of credit have been granted to customers in the Company's market area. The concentrations of credit by loan classification are set forth in Note 5.
Advertising Costs	Advertising Costs:
Bank Owned Life Insurance	Bank Owned Life Insurance: The Company has purchased life insurance policies on certain executive officers and associates. We receive the cash surrender value of each policy upon its termination or benefits are payable to us upon the death of the insured. Changes in net cash surrender value are recognized in noninterest income in the Consolidated Statements of Income.
Bank Premises and Equipment	Bank Premises and Equipment:
Leases	Leases:
Federal Home Loan Bank (“FHLB”) Stock	Federal Home Loan Bank (“FHLB”) Stock: The Company is a member of the FHLB. Members are required to own a certain amount of stock based on the level of borrowings and other factors such as asset base. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Cash dividends are reported as dividend income in the Consolidated Statements of Income.
Earnings per Common Share	Earnings per Common Share:
Other Real Estate Owned (“OREO”)	Other Real Estate Owned (“OREO”):
Income Taxes	Income Taxes: Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences, operating losses, and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying Consolidated Balance Sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the Consolidated Statements of Income. The Company is a limited partner in several tax-advantaged limited partnerships whose purpose is to invest in approved new market and historic rehabilitation projects. During 2023, the Company adopted the proportional amortization method of accounting for all qualifying equity investments within these limited partnerships. These investments are included in other assets on the Consolidated Balance Sheets. These partnership investments generate a return through the realization of federal income tax credits, as well as other tax benefits, such as tax deductions from net operating losses of the investments over a period of time. The investments are accounted for under the equity method, with the expense included within provision for income taxes on the Consolidated Statements of Income. All of the Company's tax credit investments are evaluated for impairment at the end of each reporting period.
Transfer of Financial Assets	Transfer of Financial Assets: Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity, or the ability to unilaterally cause the transferee to return specific assets.
Retirement Benefits	Retirement Benefits: The Company has established an employee benefit plan as described in Note 14. The Company does not provide any other post-retirement benefits.
Allowance for Unfunded Commitments	Allowance for Unfunded Commitments: In the normal course of business, we offer off-balance sheet credit arrangements to enable our customers to meet their financing objectives. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the financial statements. Our exposure to credit loss, in the event the customer does not satisfy the terms of the agreement, equals the contractual amount of the obligation less the value of any collateral. We apply the same credit policies in making commitments and standby and performance letters of credit that are used for the underwriting of loans to customers. Commitments generally have fixed expiration dates, annual renewals or other termination clauses and may require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The ACL on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur, and is included in other liabilities on the Company’s Consolidated Balance Sheets.
Stock-Based Compensation	Stock-Based Compensation: The Company has issued both restricted stock to executive officers, associates and non-associate directors and performance based stock units to its executive officers. Compensation expense for restricted stock awards is based on the fair value of these awards at the date of the grant. The market price of the Company’s common stock at the date of the grant is the fair value of the award. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company recognizes forfeitures as they occur. For the performance stock units (“PSUs”), management evaluates the criteria quarterly to determine the probability of the performance goals being met and recognizes compensation based upon the evaluation. The PSUs vest on the third anniversary of the grant date.
Loss Contingencies	Loss Contingencies: As disclosed in Note 18 to the Consolidated Financial Statements, the Company and its subsidiaries are involved in various legal proceedings incidental to their business in the ordinary course, and the disclosure set forth in Note 18 relating to certain legal matters is incorporated by reference.
Fair Value Measurements	Fair Value Measurements The Company uses fair value measurements when recording and disclosing certain financial assets and liabilities. Securities available-for-sale and derivative financial instruments are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record other assets at fair value on a nonrecurring basis, such as loans held-for-sale, individually evaluated loans, OREO, and certain other assets. Fair value is the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants at the measurement date. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is not a forced transaction. In determining fair value, we use various valuation approaches, including market, income and cost approaches. The fair value standard establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing an asset or liability, which are developed based on market data we have obtained from independent sources. Unobservable inputs reflect our estimates of assumptions that market participants would use in pricing an asset or liability, which are developed based on the best information available in the circumstances. The fair value hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that an entity has the ability to access as of the measurement date, or observable inputs. Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. We recognize transfers between any of the fair value hierarchy levels at the end of the reporting period in which the transfer occurred. The following are descriptions of the valuation methodologies that the Company uses for financial instruments recorded at fair value on either a recurring or nonrecurring basis. Recurring Basis Securities Available-for-Sale: The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges, if available. This valuation method is classified as Level 1 in the fair value hierarchy. For securities where quoted prices are not available, fair values are calculated on market prices of similar securities, or matrix pricing, which is a mathematical technique, used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities. Matrix pricing relies on the securities’ relationship to similarly traded securities, benchmark curves, and the benchmarking of like securities. Matrix pricing utilizes observable market inputs such as benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, reference data, and industry and economic events. In instances where broker quotes are used, these quotes are obtained from market makers or broker-dealers recognized to be market participants. This valuation method is classified as Level 2 in the fair value hierarchy. For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators. This valuation method is classified as Level 3 in the fair value hierarchy. Derivative Financial Instruments and Hedging Activities: The Company uses derivative instruments such as interest rate swaps for commercial loans with our customers. Upon entering into swaps with the borrower, the Company entered into offsetting positions with counterparties to minimize risk to the Company. The back-to-back swaps qualify as derivatives, but are not designated as hedging instruments. Interest rate swap contracts involve the risk of dealing with borrower and counterparties and their ability to meet contractual terms. We calculate the fair value for derivatives using accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative. Each valuation considers the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, such as interest rate curves and implied volatilities. When the fair value of a derivative instrument contract is positive, this generally indicates that the counterparty or customer owes the Company, and results in credit risk to the Company. When the fair value of a derivative instrument contract is negative, the Company owes the customer or counterparty, and, therefore, has no risk. Accordingly, interest rate swaps for commercial loans are classified as Level 2. The Company also enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans to be held-for-sale are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 15 to 90 days. The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on rate lock commitments due to changes in interest rates. Nonrecurring Basis Individually Evaluated Loans: Individually evaluated loans with commitments of $1.0 million or greater and/or based on management’s discretion are evaluated for potential specific reserves and adjusted, if a shortfall exists, to fair value less costs to sell. Fair value is measured based on the value of the underlying collateral securing the loan if repayment is expected solely from the sale or operation of the collateral or present value of estimated future cash flows discounted at the loan’s contractual interest rate if the loan is not determined to be collateral dependent. All loans with a specific reserve are classified as Level 3 in the fair value hierarchy. Fair value for individually evaluated loans is determined using several methods. Generally, the fair value of real estate is determined based on appraisals by qualified licensed appraisers. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. These routine adjustments are made to adjust the value of a specific property relative to comparable properties for variations in qualities such as location, size, and income production capacity relative to the subject property of the appraisal. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. Subsequent to the initial impairment date, existing individually evaluated loans are reevaluated quarterly for additional impairment and adjustments to fair value less costs to sell are made, where appropriate. For individually evaluated loans, the first stage of our impairment analysis involves inspection of the property in question to affirm the condition has not deteriorated since the previous impairment analysis date. Management also engages in conversations with local real estate professionals and market participants to determine the likely marketing time and value range for the property. The second stage involves an assessment of current trends in the regional market. After thorough consideration of these factors, management will order a new appraisal. For non-individually evaluated loans, the fair value is determined by updating the present value of estimated future cash flows using the loan’s existing rate to reflect the payment schedule for the remaining life of the loan. OREO is evaluated at the time of acquisition and is recorded at fair value as determined by an appraisal or evaluation, less costs to sell. After acquisition, most OREO assets are revalued every twelve months, or more frequently when deemed necessary by management based upon changes in market or collateral conditions. For smaller OREO assets with existing carrying values less than $0.5 million, management may elect to re-value the assets, at minimum, once every twenty-four months based on the size of the exposure. Fair value, when recorded, is generally based upon appraisals by approved, independent state certified appraisers. Appraisals on OREO may be discounted based on our historical knowledge, changes in market conditions from the time of appraisal or other information available to us. OREO and other repossessed assets marked to fair value are classified as Level 3. At December 31, 2023 OREO assets were in compliance with the OREO policy as set forth above, and substantially all of the assets were listed for sale with credible third-party real estate brokers. Financial Instruments In addition to financial instruments recorded at fair value in our financial statements, fair value accounting guidance requires disclosure of the fair value of all of an entity’s assets and liabilities that are considered financial instruments. The majority of our assets and liabilities are considered financial instruments. Many of these instruments lack an available trading market as characterized by a willing buyer and willing seller engaged in an exchange transaction. Also, it is our general practice and intent to hold our financial instruments to maturity and to not engage in trading or sales activities with respect to such financial instruments. For fair value disclosure purposes, we substantially utilize the fair value measurement criteria as required and explained above. In cases where quoted fair values are not available, we use present value methods to determine the fair value of our financial instruments.
Recent Accounting Pronouncements and Developments	Recent Accounting Pronouncements and Developments Newly Adopted Pronouncements in 2023 In March 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards (“ASU”) No. 2023-02, Investments Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. The amendments in this ASU expands the use of the proportional amortization method of accounting, previously only allowable for Low Income Tax Housing Credits, (“LITHC”) investments, to equity investments in other tax credit structures that meet certain criteria. This guidance is effective for public business entities for fiscal years including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted in any interim period. The Company reviewed its existing tax equity investment portfolios and evaluated the impact of the updated guidance on its Consolidated Financial Statements and elected to early adopt the amendments in this ASU as of June 30, 2023 on a modified retrospective basis, effective dated as of January 1, 2023. As a result, the Company recorded a transitional adjustment of $0.1 million to retained earnings. The Company makes equity investments as a limited partner in various partnerships that sponsor historic tax credits (“HTC”) as a strategic tax initiative designed to receive tax credits and other tax benefits, such as deductible flow-through losses. The Company has evaluated all of the proportional amortization method qualifying criteria and has elected to apply the proportional amortization method at the HTC program level. The Company records the investment in the HTC as a component of other assets and uses the proportional amortization method to account for the investments in the HTC partnerships. Amortization related to these HTC investments is recorded on a net basis as a component of the provision for income taxes on the Consolidated Statements of Income. Prior to the ASU adoption, amortization was recorded as a component of noninterest expense on the Consolidated Statements of Income. The amendments in this ASU did not materially impact our Consolidated Financial Statements. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments in this ASU provide optional guidance for a limited period of time to ease the potential burden in accounting for, or recognizing the effects of reference rate reform on financial reporting. The ASU also provides optional expedients and exceptions for applying GAAP to loan and lease agreements, derivative contracts, and other transactions affected by the anticipated transition away from the London Interbank Offered Rate (“LIBOR”) toward new interest rate benchmarks. Modified contracts that meet certain scope guidance are eligible for relief from the modification accounting requirements in GAAP. The optional guidance generally allows for the modified contract to be accounted for as a continuation of the existing contract and does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. The amendments in this ASU are effective for all entities between March 12, 2020 and December 31, 2022. In December 2022, the FASB issued ASU No 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. The amendments in this ASU defer the sunset date for applying the reference rate reform relief by two years to December 31, 2024, and can be adopted at any time during this period. The Company ceased originating new LIBOR based variable rate loans as of December 31, 2021 per the ARRC’s guidance. The Company created an internal team in 2021 to identify and modify loans and other financial instruments with attributes that were either directly or indirectly influenced by LIBOR. The Company has selected one-month term Secured Overnight Financing Rate, (“SOFR”), (published by the CME Group) as the replacement benchmark for LIBOR based loans. The financial impact regarding pricing, valuation and operations of the transition have been evaluated and were not material in nature. The transition team was fully committed to working within the guidelines established by the United Kingdom’s Financial Conduct Authority and the Federal Reserve System of New York’s Alternative Reference Rate Committee to complete a smooth transition away from LIBOR. For LIBOR-based loans, remediation efforts were completed by September 30, 2023. Accounting Statements Issued but Not Yet Adopted On December 14, 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the required disclosures primarily related to the income tax rate reconciliation and income taxes paid. The ASU requires an entity’s income tax rate reconciliation to provide additional information for reconciling items meeting a quantitative threshold, and to disclose certain selected categories within the income tax rate reconciliation. The ASU also requires entities to disclose the amount of income taxes paid, disaggregated by federal, state and foreign taxes. The ASU is effective for annual periods beginning after December 15, 2024, though early adoption is permitted. We are currently evaluating the impact of this guidance on our Consolidated Financial Statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Equipment useful life	Land and Land Improvements Non-depreciating assets Buildings 25 years - 40 years Furniture and Fixtures 5 years Computer Equipment and Software 5 years or term of license Other Equipment 5 years Vehicles 5 years Leasehold Improvements Lesser of estimated useful life of the asset (generally 15 years unless established otherwise) or the remaining term of the lease, including renewal options in the lease that are reasonably assured of exercise Premises and equipment are stated at cost less accumulated depreciation as follows: December 31, (Dollars in Thousands) 2023 2022 Land $ 18,826 $ 19,703 Bank Premises 58,983 54,872 Furniture and Equipment 35,772 34,945 Leasehold Improvements 1,579 1,618 Total Premises and Equipment 115,160 111,138 Accumulated Depreciation (41,453) (39,024) Total $ 73,707 $ 72,114

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings per Common Share	Years ended December 31, (Dollars in Thousands, except share and per share data) 2023 2022 2021 Numerator for Earnings per Common Share – Basic and Diluted Net Income $ 23,384 $ 50,118 $ 31,590 Less: Income allocated to participating shares 197 295 127 Net Income Allocated to Common Shareholders - Basic & Diluted $ 23,187 $ 49,823 $ 31,463 Denominator: Weighted Average Shares Outstanding, including Shares Considered Participating Securities 23,438,413 24,741,454 26,449,438 Less: Average Participating Securities 197,870 145,665 106,709 Weighted Average Common Shares Outstanding - Basic & Diluted $ 23,240,543 $ 24,595,789 $ 26,342,729 Earnings per Common Share – Basic $ 1.00 $ 2.03 $ 1.19 Earnings per Common Share – Diluted $ 1.00 $ 2.03 $ 1.19

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value for Available-for-sale Securities	The following tables present the amortized cost and fair value of available-for-sale securities as of the dates presented: December 31, 2023 (Dollars in Thousands) Amortized Gross Gross Fair Value U.S. Government Agency Securities $ 44,185 $ 398 $ (756) $ 43,827 Residential Mortgage-Backed Securities 110,726 — (11,576) 99,150 Commercial Mortgage-Backed Securities 31,578 336 (751) 31,163 Other Commercial Mortgage-Backed Securities 24,522 — (2,666) 21,856 Asset Backed Securities 150,832 — (10,826) 140,006 Collateralized Mortgage Obligations 174,396 — (12,863) 161,533 States and Political Subdivisions 263,557 — (41,449) 222,108 Corporate Notes 70,750 — (11,390) 59,360 Total Debt Securities $ 870,546 $ 734 $ (92,277) $ 779,003 December 31, 2022 (Dollars in Thousands) Amortized Gross Gross Fair Value U.S. Treasury Securities $ 19,318 $ — $ (1,452) $ 17,866 U.S. Government Agency Securities 50,334 218 (788) 49,764 Residential Mortgage-Backed Securities 115,694 — (12,009) 103,685 Commercial Mortgage-Backed Securities 35,538 73 (936) 34,675 Other Commercial Mortgage-Backed Securities 24,987 9 (2,597) 22,399 Asset Backed Securities 156,552 — (15,169) 141,383 Collateralized Mortgage Obligations 190,781 — (14,159) 176,622 States and Political Subdivisions 281,753 — (53,607) 228,146 Corporate Notes 70,750 — (9,017) 61,733 Total Debt Securities $ 945,707 $ 300 $ (109,734) $ 836,273
Schedule of Gross and Net Realized Gains and Losses	The following table shows the composition of gross and net realized gains and losses for the periods presented: Years ended December 31, (Dollars in Thousands) 2023 2022 2021 Proceeds from Sales of Securities Available-for-Sale $ 43,323 $ 19,777 $ 197,056 Gross Realized Gains $ 129 $ 208 $ 7,080 Gross Realized Losses (1,650) (162) (211) Net Realized (Losses) Gains $ (1,521) $ 46 $ 6,869 Tax Impact $ (319) $ 10 $ 1,443
Schedule of Amortized Cost and Fair Value of Available-for-sale Debt Securities by Contractual Maturity	The amortized cost and fair value of available-for-sale debt securities are shown below by contractual maturity as of the date presented. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. December 31, 2023 (Dollars in Thousands) Amortized Fair Due in One Year or Less $ — $ — Due after One Year through Five Years 12,746 11,846 Due after Five Years through Ten Years 262,463 228,115 Due after Ten Years 103,283 85,334 Residential Mortgage-Backed Securities 110,726 99,150 Commercial Mortgage-Backed Securities 31,578 31,163 Other Commercial Mortgage-Backed Securities 24,522 21,856 Collateralized Mortgage Obligations 174,396 161,533 Asset Backed Securities 150,832 140,006 Total Securities $ 870,546 $ 779,003
Schedule of Available-for-sale Securities with Unrealized Losses	Available-for-sale securities with unrealized losses at December 31, 2023 and December 31, 2022, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position, were as follows: December 31, 2023 Less Than 12 Months 12 Months or More Total (Dollars in Thousands) Number of Fair Value Unrealized Number of Fair Value Unrealized Number of Fair Value Unrealized U.S. Government Agency Securities 7 $ 6,567 $ (67) 15 $ 15,848 $ (689) 22 $ 22,415 $ (756) Residential Mortgage-Backed Securities — — — 43 99,150 (11,576) 43 99,150 (11,576) Commercial Mortgage-Backed Securities 3 1,073 (3) 50 18,692 (748) 53 19,765 (751) Other Commercial Mortgage-Backed Securities — — — 9 21,856 (2,666) 9 21,856 (2,666) Asset Backed Securities 2 2,530 (84) 52 137,476 (10,742) 54 140,006 (10,826) Collateralized Mortgage Obligations — — — 85 161,533 (12,863) 85 161,533 (12,863) States and Political Subdivisions — — — 153 222,108 (41,449) 153 222,108 (41,449) Corporate Notes — — — 21 59,360 (11,390) 21 59,360 (11,390) Total Debt Securities 12 $ 10,170 $ (154) 428 $ 736,023 $ (92,123) 440 $ 746,193 $ (92,277) December 31, 2022 Less Than 12 Months 12 Months or More Total (Dollars in Thousands) Number of Fair Value Unrealized Number of Fair Value Unrealized Number of Fair Value Unrealized U.S. Treasury Securities 3 $ 14,080 $ (789) 2 $ 3,786 $ (663) 5 $ 17,866 $ (1,452) U.S. Government Agency Securities 6 5,337 (26) 9 15,576 (762) 15 20,913 (788) Residential Mortgage-Backed Securities 6 7,601 (372) 37 96,084 (11,637) 43 103,685 (12,009) Commercial Mortgage-Backed Securities 7 7,843 (307) 49 15,675 (629) 56 23,518 (936) Other Commercial Mortgage-Backed Securities 2 5,302 (617) 6 14,560 (1,980) 8 19,862 (2,597) Asset Backed Securities 13 42,173 (2,984) 41 97,210 (12,185) 54 139,383 (15,169) Collateralized Mortgage Obligations 35 66,362 (4,500) 50 110,260 (9,659) 85 176,622 (14,159) States and Political Subdivisions 73 112,564 (19,706) 91 115,382 (33,901) 164 227,946 (53,607) Corporate Notes 8 23,285 (2,965) 13 38,448 (6,052) 21 61,733 (9,017) Total Debt Securities 153 $ 284,547 $ (32,266) 298 $ 506,981 $ (77,468) 451 $ 791,528 $ (109,734)

LOANS AND LOANS HELD-FOR-SALE (

LOANS AND LOANS HELD-FOR-SALE (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of Loan Portfolio by Dollar Amount	The composition of the loan portfolio by dollar amount is shown in the table below: December 31, (Dollars in Thousands) 2023 2022 Commercial Commercial Real Estate $ 1,670,631 $ 1,470,562 Commercial and Industrial 271,511 309,792 Total Commercial Loans 1,942,142 1,780,354 Consumer Residential Mortgages 787,929 657,948 Other Consumer 34,277 44,562 Total Consumer Loans 822,206 702,510 Construction 436,349 353,553 Other 305,213 312,496 Total Portfolio Loans 3,505,910 3,148,913 Loans Held-for-Sale — — Total Loans $ 3,505,910 $ 3,148,913
Schedule of Troubled Debt Restructurings	The following table shows the amortized cost basis as of December 31, 2023 and December 31, 2022 for the loans restructured during the twelve months ended December 31, 2023 and December 31, 2022 to borrowers experiencing financial difficulty, disaggregated by portfolio segment: Restructured Loans Restructured Loans Twelve Months Ended December 31, 2023 Twelve Months Ended December 31, 2022 (Dollars in Thousands) Number of Contracts Amortized Cost Basis (1) % of Total Class of Financing Receivable Number of Contracts Amortized Cost Basis (1) % of Total Class of Financing Receivable Accruing Restructured Loans Commercial Real Estate — $ — — % 1 $ 324 0.02 % Commercial and Industrial — — — % — — — % Residential Mortgages — — — % — — — % Other Consumer — — — % — — — % Construction — — — % — — — % Other — — — % — — — % Total Accruing Restructured Loans — — — % 1 324 0.02 % Nonaccrual Restructured Loans Commercial Real Estate — $ — — % — $ — — % Commercial and Industrial — — — % — — — % Residential Mortgages — — — % — — — % Other Consumer — — — % — — — % Construction — — — % — — — % Other — — — % — — — % Total Nonaccrual Restructured Loans — — — % — — — % Total Restructured Loans — — — % 1 324 0.02 % (1) Excludes accrued interest receivable of $1.5 thousand on restructured loans for the year ended 2022. Payment Status (Amortized Cost Basis) (Dollars in Thousands) Current 30-89 Days Past Due 90+ Days Past Due Accruing Restructured Loans Commercial Real Estate $ 324 $ — $ — Commercial and Industrial — — — Residential Mortgages — — — Other Consumer — — — Construction — — — Other — — — Total Accruing Restructured Loans $ 324 $ — $ — Nonaccrual Restructured Loans Commercial Real Estate $ — $ — $ — Commercial and Industrial — — — Residential Mortgages — — — Other Consumer — — — Construction — — — Other — — — Total Nonaccrual Restructured Loans $ — $ — $ — Total Restructured Loans (1) $ 324 $ — $ — (1) Excludes accrued interest receivable of $1.5 thousand at December 31, 2022.
Schedule of Financing Receivable To Principal Officers, Directors And Affiliates	Loans to principal officers, directors and their affiliates during 2023 were as follows: (Dollars in Thousands) 2023 Beginning Balance $ 2,746 Principal Additions 353 Repayments (666) Balance at End of Year $ 2,433

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	12 Months Ended
	Dec. 31, 2023
Credit Loss [Abstract]
Schedule of Loan Balances by Origination Year and Assigned Risk Rating	The following table presents loan balances by year of origination and internally assigned risk rating for our portfolio segments as of December 31: Risk Rating (Dollars in Thousands) 2023 2022 2021 2020 2019 2018 and Prior Revolving Total Portfolio Loans Commercial Real Estate Pass $ 259,171 $ 434,639 $ 173,667 $ 142,494 $ 124,176 $ 503,965 $ 30,917 $ 1,669,029 Special Mention — — 206 — — 72 — 278 Substandard — — — 101 1,223 — 1,324 Doubtful — — — — — — — — Total Commercial Real Estate $ 259,171 $ 434,639 $ 173,873 $ 142,494 $ 124,277 $ 505,260 $ 30,917 $ 1,670,631 YTD Gross Charge-offs — — — — — — — — Commercial and Industrial Pass $ 24,863 $ 18,061 $ 37,566 $ 24,566 $ 2,636 $ 137,395 $ 23,535 $ 268,622 Special Mention — — — 2,837 — — — 2,837 Substandard — — — 18 14 1 19 52 Doubtful — — — — — — — — Total Commercial and Industrial $ 24,863 $ 18,061 $ 37,566 $ 27,421 $ 2,650 $ 137,396 $ 23,554 $ 271,511 YTD Gross Charge-offs — — 45 — 16 2 — 63 Residential Mortgages Pass $ 79,247 $ 250,603 $ 194,014 $ 77,805 $ 43,633 $ 96,238 $ 42,550 $ 784,090 Special Mention — — — — — 525 — 525 Substandard — — 1,142 — 860 1,070 242 3,314 Doubtful — — — — — — — — Total Residential Mortgages $ 79,247 $ 250,603 $ 195,156 $ 77,805 $ 44,493 $ 97,833 $ 42,792 $ 787,929 YTD Gross Charge-offs — — 136 — — 67 — 203 Other Consumer Pass $ 22,809 $ 4,494 $ 2,396 $ 3,936 $ 26 $ 187 $ 354 $ 34,202 Special Mention — — — — — — — — Substandard 14 6 55 — — — — 75 Doubtful — — — — — — — — Total Other Consumer $ 22,823 $ 4,500 $ 2,451 $ 3,936 $ 26 $ 187 $ 354 $ 34,277 YTD Gross Charge-offs 232 1,451 744 83 126 29 — 2,665 Construction Pass $ 118,120 $ 162,794 $ 122,087 $ 10,837 $ 5,155 $ 6,280 $ 8,048 $ 433,321 Special Mention — — — — — 60 — 60 Substandard — 64 — 2,090 — 814 — 2,968 Doubtful — — — — — — — — Total Construction $ 118,120 $ 162,858 $ 122,087 $ 12,927 $ 5,155 $ 7,154 $ 8,048 $ 436,349 YTD Gross Charge-offs — — — — — 42 — 42 Other Pass $ — $ — $ — $ — $ — $ 3,300 $ — $ 3,300 Special Mention — — — — — — — — Substandard — — — — — 301,913 — 301,913 Doubtful — — — — — — — — Total Other Loans $ — $ — $ — $ — $ — $ 305,213 $ — $ 305,213 YTD Gross Charge-offs — — — — — — — — Total Portfolio Loans Pass $ 504,210 $ 870,591 $ 529,730 $ 259,638 $ 175,626 $ 747,365 $ 105,404 $ 3,192,564 Special Mention — — 206 2,837 — 657 — 3,700 Substandard 14 70 1,197 2,108 975 305,021 261 309,646 Doubtful — — — — — — — — Total Portfolio Loans $ 504,224 $ 870,661 $ 531,133 $ 264,583 $ 176,601 $ 1,053,043 $ 105,665 $ 3,505,910 Current YTD Period: YTD Gross Charge-offs $ 232 $ 1,451 $ 925 $ 83 $ 142 $ 140 $ — $ 2,973 Risk Rating (Dollars in Thousands) 2022 2021 2020 2019 2018 2017 and Prior Revolving Total Portfolio Loans Commercial Real Estate Pass $ 418,939 $ 186,226 $ 139,148 $ 130,521 $ 215,498 $ 335,659 $ 31,349 $ 1,457,340 Special Mention — 218 — — 9,919 659 — 10,796 Substandard — — — — 2,105 321 — 2,426 Total Commercial Real Estate $ 418,939 $ 186,444 $ 139,148 $ 130,521 $ 227,522 $ 336,639 $ 31,349 $ 1,470,562 YTD Gross Charge-offs — — — — — — — — Commercial and Industrial Pass $ 23,104 $ 47,137 $ 35,819 $ 9,022 $ 10,639 $ 154,473 $ 23,699 $ 303,893 Special Mention — — 2,887 — — — — 2,887 Substandard — 56 — 18 97 2,800 41 3,012 Total Commercial and Industrial $ 23,104 $ 47,193 $ 38,706 $ 9,040 $ 10,736 $ 157,273 $ 23,740 $ 309,792 YTD Gross Charge-offs 3,432 — — — 4 — — 3,436 Residential Mortgages Pass $ 200,725 $ 184,718 $ 81,446 $ 50,770 $ 70,659 $ 39,411 $ 25,315 $ 653,044 Special Mention — — — — 429 520 34 983 Substandard — 1,212 — 865 444 1,400 — 3,921 Total Residential Mortgages $ 200,725 $ 185,930 $ 81,446 $ 51,635 $ 71,532 $ 41,331 $ 25,349 $ 657,948 YTD Gross Charge-offs — — — — 22 24 — 46 Other Consumer Pass $ 24,100 $ 10,006 $ 7,323 $ 1,999 $ 512 $ 256 $ 299 $ 44,495 Special Mention — — — — — — — — Substandard — 45 1 — 1 20 — 67 Total Other Consumer $ 24,100 $ 10,051 $ 7,324 $ 1,999 $ 513 $ 276 $ 299 $ 44,562 YTD Gross Charge-offs 280 625 254 358 39 121 — 1,677 Construction Pass $ 149,535 $ 117,466 $ 41,808 $ 4,938 $ 25,523 $ 7,190 $ 6,056 $ 352,516 Special Mention — — — — — 69 — 69 Substandard — — — — 92 876 — 968 Total Construction $ 149,535 $ 117,466 $ 41,808 $ 4,938 $ 25,615 $ 8,135 $ 6,056 $ 353,553 YTD Gross Charge-offs — — — — — — — — Other Pass $ — $ — $ — $ — $ — $ 180,745 $ — $ 180,745 Special Mention — — — — — — — — Substandard — — — — 74,050 57,701 — 131,751 Total Other Loans $ — $ — $ — $ — $ 74,050 $ 238,446 $ — $ 312,496 YTD Gross Charge-offs — — — — — — — — Total Portfolio Loans Pass $ 816,403 $ 545,553 $ 305,544 $ 197,250 $ 322,831 $ 717,734 $ 86,718 $ 2,992,033 Special Mention — 218 2,887 — 10,348 1,248 34 14,735 Substandard — 1,313 1 883 76,789 63,118 41 142,145 Total Portfolio Loans $ 816,403 $ 547,084 $ 308,432 $ 198,133 $ 409,968 $ 782,100 $ 86,793 $ 3,148,913 Current YTD Period: YTD Gross Charge-offs $ 3,712 $ 625 $ 254 $ 358 $ 65 $ 145 $ — $ 5,159 The following table presents loan balances by year of origination and performing and nonperforming status for our portfolio segments as of December 31: (Dollars in Thousands) 2023 2022 2021 2020 2019 2018 and Prior Revolving Total Portfolio Loans Commercial Real Estate Performing $ 259,171 $ 434,639 $ 173,873 $ 142,494 $ 124,176 $ 504,037 $ 30,917 $ 1,669,307 Nonperforming — — — — 101 1,223 — 1,324 Total Commercial Real Estate $ 259,171 $ 434,639 $ 173,873 $ 142,494 $ 124,277 $ 505,260 $ 30,917 $ 1,670,631 Commercial and Industrial Performing $ 24,863 $ 18,061 $ 37,566 $ 27,403 $ 2,636 $ 137,395 $ 23,535 $ 271,459 Nonperforming — — — 18 14 1 19 52 Total Commercial and Industrial $ 24,863 $ 18,061 $ 37,566 $ 27,421 $ 2,650 $ 137,396 $ 23,554 $ 271,511 Residential Mortgages Performing $ 79,247 $ 250,603 $ 194,014 $ 77,805 $ 43,633 $ 96,794 $ 42,550 $ 784,646 Nonperforming — — 1,142 — 860 1,039 242 3,283 Total Residential Mortgages $ 79,247 $ 250,603 $ 195,156 $ 77,805 $ 44,493 $ 97,833 $ 42,792 $ 787,929 Other Consumer Performing $ 22,809 $ 4,494 $ 2,412 $ 3,936 $ 26 $ 187 $ 354 $ 34,218 Nonperforming 14 6 39 — — — — 59 Total Other Consumer $ 22,823 $ 4,500 $ 2,451 $ 3,936 $ 26 $ 187 $ 354 $ 34,277 Construction Performing $ 118,120 $ 162,858 $ 122,087 $ 10,837 $ 5,155 $ 6,340 $ 8,048 $ 433,445 Nonperforming — — — 2,090 — 814 — 2,904 Total Construction $ 118,120 $ 162,858 $ 122,087 $ 12,927 $ 5,155 $ 7,154 $ 8,048 $ 436,349 Other Performing $ — $ — $ — $ — $ — $ 3,300 $ — $ 3,300 Nonperforming — — — — — 301,913 — 301,913 Total Other Loans $ — $ — $ — $ — $ — $ 305,213 $ — $ 305,213 Total Portfolio Loans Performing $ 504,210 $ 870,655 $ 529,952 $ 262,475 $ 175,626 $ 748,053 $ 105,404 $ 3,196,375 Nonperforming 14 6 1,181 2,108 975 304,990 261 309,535 Total Portfolio Loans $ 504,224 $ 870,661 $ 531,133 $ 264,583 $ 176,601 $ 1,053,043 $ 105,665 $ 3,505,910 (Dollars in Thousands) 2022 2021 2020 2019 2018 2017 and Prior Revolving Total Portfolio Loans Commercial Real Estate Performing $ 418,939 $ 186,444 $ 139,148 $ 130,521 $ 225,416 $ 336,441 $ 31,349 $ 1,468,258 Nonperforming — — — — 2,106 198 — 2,304 Total Commercial Real Estate $ 418,939 $ 186,444 $ 139,148 $ 130,521 $ 227,522 $ 336,639 $ 31,349 $ 1,470,562 Commercial and Industrial Performing $ 23,104 $ 47,147 $ 38,706 $ 9,022 $ 10,639 $ 157,271 $ 23,699 $ 309,588 Nonperforming — 46 — 18 97 2 41 204 Total Commercial and Industrial $ 23,104 $ 47,193 $ 38,706 $ 9,040 $ 10,736 $ 157,273 $ 23,740 $ 309,792 Residential Mortgages Performing $ 200,725 $ 184,718 $ 81,446 $ 50,770 $ 71,313 $ 40,362 $ 25,349 $ 654,683 Nonperforming — 1,212 — 865 219 969 — 3,265 Total Residential Mortgages $ 200,725 $ 185,930 $ 81,446 $ 51,635 $ 71,532 $ 41,331 $ 25,349 $ 657,948 Other Consumer Performing $ 24,100 $ 10,045 $ 7,323 $ 1,999 $ 512 $ 276 $ 299 $ 44,554 Nonperforming — 6 1 — 1 — — 8 Total Other Consumer $ 24,100 $ 10,051 $ 7,324 $ 1,999 $ 513 $ 276 $ 299 $ 44,562 Construction Performing $ 149,535 $ 117,466 $ 41,808 $ 4,938 $ 25,615 $ 7,271 $ 6,056 $ 352,689 Nonperforming — — — — — 864 — 864 Total Construction $ 149,535 $ 117,466 $ 41,808 $ 4,938 $ 25,615 $ 8,135 $ 6,056 $ 353,553 Other Performing $ — $ — $ — $ — $ 74,050 $ 238,446 $ — $ 312,496 Nonperforming — — — — — — — Total Other Loans $ — $ — $ — $ — $ 74,050 $ 238,446 $ — $ 312,496 Total Portfolio Loans Performing $ 816,403 $ 545,820 $ 308,431 $ 197,250 $ 407,545 $ 780,067 $ 86,752 $ 3,142,268 Nonperforming — 1,264 1 883 2,423 2,033 41 6,645 Total Portfolio Loans $ 816,403 $ 547,084 $ 308,432 $ 198,133 $ 409,968 $ 782,100 $ 86,793 $ 3,148,913
Schedule of Loans Past Due	The following tables include an aging analysis of the recorded investment of past-due portfolio loans as the periods presented: December 31, 2023 (Dollars in Thousands) Current Loans Loans 30-59 Loans 60-89 Total 30-89 Days Past Due 90+ Days Still Accruing Nonaccrual Loans Total Portfolio Loans Commercial Real Estate $ 1,668,988 $ 125 $ 194 $ 319 $ — $ 1,324 $ 1,670,631 Commercial & Industrial 271,420 5 34 39 — 52 271,511 Residential Mortgages 782,765 1,846 35 1,881 — 3,283 787,929 Other Consumer 33,813 247 158 405 — 59 34,277 Construction 430,057 3,388 — 3,388 — 2,904 436,349 Other 3,300 — — — — 301,913 305,213 Total $ 3,190,343 $ 5,611 $ 421 $ 6,032 $ — $ 309,535 $ 3,505,910 December 31, 2022 (Dollars in Thousands) Current Loans Loans 30-59 Loans 60-89 Total 30-89 Days Nonaccrual Loans Total Portfolio Loans Commercial Real Estate $ 1,468,154 $ 104 $ — $ 104 $ 2,304 $ 1,470,562 Commercial & Industrial 309,305 274 9 283 204 309,792 Residential Mortgages 654,238 445 — 445 3,265 657,948 Other Consumer 44,013 337 204 541 8 44,562 Construction 349,225 1,321 2,143 3,464 864 353,553 Other 312,496 — — — — 312,496 Total $ 3,137,431 $ 2,481 $ 2,356 $ 4,837 $ 6,645 $ 3,148,913
Schedule of Nonaccrual Loans	The following table presents loans on nonaccrual status and loans past due 90 days or more and still accruing by portfolio segment of loan as of December 31, 2023. There were no loans at December 31, 2023 that were past due more than 90 days and still accruing. As of and for the year ended December 31, 2023 As of and for the year ended December 31, 2022 (Dollars in Thousands) Nonaccrual without an Allowance for Credit Losses Nonaccrual with an Allowance for Credit Losses Total Nonaccrual Past Due Nonaccrual without an Allowance for Credit Losses Nonaccrual with an Allowance for Credit Losses Total Nonaccrual Past Due Commercial Real Estate $ 453 $ 871 $ 1,324 $ — $ — $ 2,304 $ 2,304 $ — Commercial and Industrial — 52 52 — — 204 204 — Residential Mortgages 1,142 2,141 3,283 — — 3,265 3,265 — Other Consumer — 59 59 — — 8 8 — Construction 2,898 6 2,904 — — 864 864 — Other — 301,913 301,913 — — — — — Total Portfolio Loans $ 4,493 $ 305,042 $ 309,535 $ — $ — $ 6,645 $ 6,645 $ —
Schedule of Collateral Dependent Loans	The following table presents the amortized cost basis of individually evaluated loans as of the periods presented. Changes in the fair value of the types of collateral and discounted cash flow modeling for individually evaluated loans, as applicable, are reported as provision for credit loss on loans in the period of change. December 31, 2023 December 31, 2022 (Dollars in Thousands) Fair Value - Real Estate Discounted Cash Flow Total Fair Value - Real Estate Commercial Real Estate $ 453 $ — $ 453 2,106 Commercial and Industrial — — — — Residential Mortgages 1,142 — 1,142 1,212 Other Consumer — — — — Construction 2,898 — 2,898 — Other — 301,913 301,913 — Total $ 4,493 $ 301,913 $ 306,406 3,318
Schedule of Activity in Allowance for Credit Losses	The following tables presents activity in the ACL for the periods presented: December 31, 2023 (Dollars in Thousands) Commercial Real Estate Commercial & Industrial Residential Mortgages Other Consumer Construction Other Total Allowance for Credit Losses on Loans: Balance, Beginning of Year $ 17,992 $ 3,980 $ 8,891 $ 1,329 $ 6,942 $ 54,718 $ 93,852 Provision (Recovery) for Credit Losses on Loans 1,881 (719) 2,081 1,729 892 (364) 5,500 Charge-offs — (63) (203) (2,665) (42) — (2,973) Recoveries — 88 110 475 — — 673 Net (Charge-offs) / Recoveries — 25 (93) (2,190) (42) — (2,300) Balance, End of Year $ 19,873 $ 3,286 $ 10,879 $ 868 $ 7,792 $ 54,354 $ 97,052 December 31, 2022 (Dollars in Thousands) Commercial Real Estate Commercial & Industrial Residential Mortgages Other Consumer Construction Other Total Allowance for Credit Losses on Loans: Balance, Beginning of Year $ 17,297 $ 4,111 $ 4,368 $ 1,493 $ 6,939 $ 61,731 $ 95,939 Provision (Recovery) for Credit Losses on Loans 695 3,304 4,470 1,109 (146) (7,013) 2,419 Charge-offs — (3,436) (46) (1,677) — — (5,159) Recoveries — 1 99 404 149 — 653 Net (Charge-offs) / Recoveries — (3,435) 53 (1,273) $ 149 — (4,506) Balance, End of Year $ 17,992 $ 3,980 $ 8,891 $ 1,329 $ 6,942 $ 54,718 $ 93,852 December 31, 2021 (Dollars in Thousands) Commercial Real Estate Commercial & Industrial Residential Mortgages Other Consumer Construction Other (1) Total Allowance for Credit Losses on Loans: Balance, Beginning of Year $ 36,428 $ 5,064 $ 2,099 $ 2,479 $ 8,004 $ — $ 54,074 Impact of CECL Adoption 6,587 1,379 3,356 (877) (80) 51,277 61,642 (Recovery) Provision for Credit Losses on Loans (6,215) (2,249) (982) 1,561 781 10,454 3,350 Charge-offs (19,662) (374) (273) (2,256) (1,859) — (24,424) Recoveries 159 291 168 586 93 — 1,297 Net (Charge-offs) / Recoveries (19,503) (83) (105) (1,670) (1,766) — (23,127) Balance, End of Year $ 17,297 $ 4,111 $ 4,368 $ 1,493 $ 6,939 $ 61,731 $ 95,939 (1) In connection with our adoption of Topic 326, we made changes to our loan portfolio segments to align with the methodology applied in determining the allowance under CECL. Our new segmentation breaks out Other loans from our original loan segments: CRE, C&I, residential mortgages and construction. The allowance balance at the beginning of period was reclassified to Other from their original loan segments: CRE, C&I, residential mortgages and construction to conform to current presentation.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Assets Measured on a Recurring Basis	The following tables present the Company’s financial assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at the dates presented: December 31, 2023 (Dollars in Thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Securities Available-for-Sale: U.S. Government Agency Securities 43,827 — 43,827 — Residential Mortgage-Backed Securities 99,150 — 99,150 — Commercial Mortgage-Backed Securities 31,163 — 31,163 — Other Commercial Mortgage-Backed Securities 21,856 — 21,856 — Asset Backed Securities 140,006 — 140,006 — Collateralized Mortgage Obligations 161,533 — 161,533 — States and Political Subdivisions 222,108 — 222,108 — Corporate Notes 59,360 — 52,041 7,319 Total Securities Available-for-Sale 779,003 — 771,684 7,319 Derivatives 17,440 — 17,440 — Total $ 796,443 $ — $ 789,124 $ 7,319 Liabilities Derivatives $ 17,228 $ — $ 17,228 $ — Total $ 17,228 $ — $ 17,228 $ — December 31, 2022 (Dollars in Thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Securities Available-for-Sale: U.S. Treasury Securities $ 17,866 $ 17,866 $ — $ — U.S. Government Agency Securities 49,764 — 49,764 — Residential Mortgage-Backed Securities 103,685 — 103,685 — Commercial Mortgage-Backed Securities 34,675 — 34,675 — Other Commercial Mortgage-Backed Securities 22,399 2,538 19,861 — Asset Backed Securities 141,383 4,996 136,387 — Collateralized Mortgage Obligations 176,622 — 176,622 — States and Political Subdivisions 228,146 — 228,146 — Corporate Notes 61,733 — 54,216 7,517 Total Securities Available-for-Sale 836,273 25,400 803,356 7,517 Derivatives 22,974 — 22,974 — Total $ 859,247 $ 25,400 $ 826,330 $ 7,517 Liabilities Derivatives $ 22,543 $ — $ 22,543 $ — Total $ 22,543 $ — $ 22,543 $ —
Schedule of Financial Liabilities Measured on a Recurring Basis	The following tables present the Company’s financial assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at the dates presented: December 31, 2023 (Dollars in Thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Securities Available-for-Sale: U.S. Government Agency Securities 43,827 — 43,827 — Residential Mortgage-Backed Securities 99,150 — 99,150 — Commercial Mortgage-Backed Securities 31,163 — 31,163 — Other Commercial Mortgage-Backed Securities 21,856 — 21,856 — Asset Backed Securities 140,006 — 140,006 — Collateralized Mortgage Obligations 161,533 — 161,533 — States and Political Subdivisions 222,108 — 222,108 — Corporate Notes 59,360 — 52,041 7,319 Total Securities Available-for-Sale 779,003 — 771,684 7,319 Derivatives 17,440 — 17,440 — Total $ 796,443 $ — $ 789,124 $ 7,319 Liabilities Derivatives $ 17,228 $ — $ 17,228 $ — Total $ 17,228 $ — $ 17,228 $ — December 31, 2022 (Dollars in Thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Securities Available-for-Sale: U.S. Treasury Securities $ 17,866 $ 17,866 $ — $ — U.S. Government Agency Securities 49,764 — 49,764 — Residential Mortgage-Backed Securities 103,685 — 103,685 — Commercial Mortgage-Backed Securities 34,675 — 34,675 — Other Commercial Mortgage-Backed Securities 22,399 2,538 19,861 — Asset Backed Securities 141,383 4,996 136,387 — Collateralized Mortgage Obligations 176,622 — 176,622 — States and Political Subdivisions 228,146 — 228,146 — Corporate Notes 61,733 — 54,216 7,517 Total Securities Available-for-Sale 836,273 25,400 803,356 7,517 Derivatives 22,974 — 22,974 — Total $ 859,247 $ 25,400 $ 826,330 $ 7,517 Liabilities Derivatives $ 22,543 $ — $ 22,543 $ — Total $ 22,543 $ — $ 22,543 $ —
Schedule of Financial Assets Measured on a Nonrecurring Basis	Financial assets measured at fair value on a nonrecurring basis at December 31, 2023 and 2022 are summarized below: December 31, 2023 (Dollars in Thousands) Level 1 Level 2 Level 3 Fair Value OREO $ — $ — $ 2,463 $ 2,463 Individually Evaluated Loans $ — $ — $ — $ — December 31, 2022 (Dollars in Thousands) Level 1 Level 2 Level 3 Fair Value OREO $ — $ — $ 8,393 $ 8,393 Individually Evaluated Loans $ — $ — $ 2,649 $ 2,649
Schedule of Assets Measured at Fair Value on Nonrecurring Basis, Valuation Techniques	The following tables summarize the Company’s assets that were measured at fair value on a nonrecurring basis as of December 31, 2023 and 2022: December 31, 2023 (Dollars in Thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Range Average Assets OREO $ 130 Appraisals Estimated Selling Costs 6.0% 6.0 % OREO 142 Internal Valuations Estimated Selling Costs 5.0% 5.0 % OREO 2,191 Discounted Internal Valuations Management's Subject Discount 0.0% — 24.0% 15.6 % Total OREO $ 2,463 December 31, 2022 (Dollars in Thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Range Average Assets Individually Evaluated Loans $ 858 Discounted Internal Valuations Management's Discount & Estimated Selling Costs 14.2% 14.2 % Individually Evaluated Loans 1,791 Discounted Appraisals Estimated Selling Costs 6.0% 6.0 % Total Individually Evaluated Loans $ 2,649 OREO $ 7,323 Appraisals Estimated Selling Costs 10.0% 10.0 % OREO 143 Internal Valuations Estimated Selling Costs 5.0% 5.0 % OREO 927 Discounted Internal Valuations Management’s Discount & Estimated Selling Costs 0.0% — 5.0% 0.7 % Total OREO $ 8,393
Schedule of Financial Instruments, Carrying Values and Estimated Fair Values	Fair Value Measurements at December 31, 2023 (Dollars in Thousands) Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and Cash Equivalents $ 54,529 $ 39,676 $ 14,853 $ — $ 54,529 Securities Available-for-Sale 779,003 — 771,684 7,319 779,003 Portfolio Loans, net 3,408,858 — — 3,177,715 3,177,715 Federal Home Loan Bank Stock, at Cost 21,626 — — NA NA Other Assets- Interest Rate Derivatives 17,440 — 17,440 — 17,440 Accrued Interest Receivable 18,877 — 5,368 13,509 18,877 Financial Liabilities: Deposits $ 3,721,915 $ 685,218 $ 1,450,046 $ 1,599,043 $ 3,734,307 Other Liabilities- Interest Rate Derivatives 17,228 — 17,228 — 17,228 FHLB Borrowings 393,400 — — 392,696 392,696 Federal Funds Purchased — — — — — Accrued Interest Payable 7,288 — — 7,288 7,288 Fair Value Measurements at December 31, 2022 (Dollars in Thousands) Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and Cash Equivalents $ 46,869 $ 42,364 $ 4,505 $ — $ 46,869 Securities Available-for-Sale 836,273 25,400 803,356 7,517 836,273 Portfolio Loans, net 3,055,061 — — 2,955,489 2,955,489 Federal Home Loan Bank Stock, at Cost 9,740 — — NA NA Other Assets- Interest Rate Derivatives 22,974 — 22,974 — 22,974 Accrued Interest Receivable 19,346 138 4,903 14,305 19,346 Financial Liabilities: Deposits $ 3,632,538 $ 705,539 $ 1,665,473 $ 1,264,659 $ 3,635,671 Other Liabilities- Interest Rate Derivatives 22,543 — 22,543 — 22,543 FHLB Borrowings 180,550 — — 180,569 180,569 Federal Funds Purchased 17,870 17,870 17,870 Accrued Interest Payable 2,294 — — 2,294 2,294

RIGHT-OF-USE (_ROU_) ASSETS A_2

RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Lease, Cost	The following table presents our lease expense for finance and operating leases for the periods presented: December 31, (Dollars in Thousands) 2023 2022 2021 Operating Lease Expense $ 48 $ — $ — Amortization of ROU Assets - finance leases 365 374 234 Interest on lease liabilities - finance leases 292 287 156 Total Lease Expense $ 705 $ 661 $ 390 December 31, (Dollars in Thousands) 2023 2022 Operating Leases ROU assets $ 419 $ — Operating cash flows $ 87 $ — Finance Leases ROU assets $ 6,988 $ 6,306 Operating cash flows $ 292 $ 287 Financing cash flows $ 185 $ 201 Weighted Average Lease Term - Years Operating leases 3.3 years — Finance leases 17.9 years 18.5 years Weighted Average Discount Rate Operating leases 6.60 % — % Finance leases 5.20 % 4.90 % ROU Assets obtained in exchange for Lease Liabilities Operating leases $ — $ — Finance leases $ 1,464 $ 3,391
Lessee, Operating Lease, Liability, to be Paid, Maturity	The following table presents the maturity analysis of lease liabilities for finance and operating leases as of December 31, 2023: (Dollars in Thousands) Finance Operating Total Maturity Analysis 2024 $ 529 $ 167 $ 696 2025 540 130 670 2026 563 107 670 2027 577 89 666 2028 589 — 589 Thereafter 8,728 — 8,728 Total 11,526 493 0 12,019 Less: Present value discount (4,239) (52) (4,291) Lease Liabilities $ 7,287 $ 441 $ 7,728
Finance Lease, Liability, to be Paid, Maturity	The following table presents the maturity analysis of lease liabilities for finance and operating leases as of December 31, 2023: (Dollars in Thousands) Finance Operating Total Maturity Analysis 2024 $ 529 $ 167 $ 696 2025 540 130 670 2026 563 107 670 2027 577 89 666 2028 589 — 589 Thereafter 8,728 — 8,728 Total 11,526 493 0 12,019 Less: Present value discount (4,239) (52) (4,291) Lease Liabilities $ 7,287 $ 441 $ 7,728

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Cost and Accumulated Depreciation of Premises and Equipment	Land and Land Improvements Non-depreciating assets Buildings 25 years - 40 years Furniture and Fixtures 5 years Computer Equipment and Software 5 years or term of license Other Equipment 5 years Vehicles 5 years Leasehold Improvements Lesser of estimated useful life of the asset (generally 15 years unless established otherwise) or the remaining term of the lease, including renewal options in the lease that are reasonably assured of exercise Premises and equipment are stated at cost less accumulated depreciation as follows: December 31, (Dollars in Thousands) 2023 2022 Land $ 18,826 $ 19,703 Bank Premises 58,983 54,872 Furniture and Equipment 35,772 34,945 Leasehold Improvements 1,579 1,618 Total Premises and Equipment 115,160 111,138 Accumulated Depreciation (41,453) (39,024) Total $ 73,707 $ 72,114

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2023
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Schedule of Other Real Estate	The following table presents OREO activity as of the dates presented: Year Ended December 31, (Dollars in Thousands) 2023 2022 2021 Beginning of Year Balance $ 8,393 $ 10,916 $ 15,722 Loans Transferred to OREO 110 74 59 Transfer of Closed Retail Offices to OREO 1,854 2,675 12,013 Capitalized Expenditures — — — Direct Write-Downs (1,117) (741) (3,472) Cash Proceeds from Pay-downs (397) (422) (452) Sales of OREO (6,380) (4,109) (12,954) End of Year Balance $ 2,463 $ 8,393 $ 10,916
Schedule of Income and Expenses Related to Foreclosed Assets	Income and expenses applicable to foreclosed assets include the following: Year Ended December 31, (Dollars in Thousands) 2023 2022 2021 Provision for Losses $ 1,117 $ 741 $ 3,472 Operating Expenses, net of Rental Income 178 293 317 Net (Gain) Loss on Sales (17) (309) 150 OREO Expense $ 1,278 $ 725 $ 3,939

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets and Liabilities	The following table indicates the amounts representing the fair value of derivative assets and derivative liabilities at December 31: Fair Values of Derivative Instruments (Dollars in Thousands) 2023 2022 Number of Notional Fair Number of Notional Fair Derivatives not Designated as Hedging Instruments Interest Rate Lock Commitments – Mortgage Loans 3 $ 310 $ 3 $ 1 $ 200 $ 1 Interest Rate Swap Contracts – Commercial Loans 58 387,144 17,437 62 432,984 22,973 Total Derivatives not Designated as Hedging Instruments 61 $ 387,454 $ 17,440 63 $ 433,184 $ 22,974 Fair Values of Derivative Instruments (Dollars in Thousands) 2023 2022 Number of Notional Fair Number of Notional Fair Derivatives not Designated as Hedging Instruments Forward Sale Contracts – Mortgage Loans 3 $ 310 $ 3 1 $ 200 $ 1 Interest Rate Swap Contracts – Commercial Loans 58 387,144 17,225 62 432,984 22,542 Total Derivatives not Designated as Hedging Instruments 61 $ 387,454 $ 17,228 63 $ 433,184 $ 22,543
Schedule of Income (Loss) Recognized in Consolidated Statement of Income (Loss) on Derivatives	The following table indicates the (loss) income recognized in the Consolidated Statements of Income for derivatives for the years ended December 31: (Dollars in Thousands) 2023 2022 2021 Derivatives not Designated as Hedging Instruments Interest Rate Lock Commitments – Mortgage Loans $ 2 $ 1 $ — Forward Sale Contracts – Mortgage Loans (2) (1) — Interest Rate Swap Contracts – Commercial Loans (219) 605 89 Total Derivative (Loss) Income $ (219) $ 605 $ 89
Schedule of Offsetting Assets	The following table indicates the gross amounts of commercial loan swap derivative assets and derivative liabilities, the amounts offset and the carrying values included in the Consolidated Balance Sheets at December 31: Asset Derivatives (Included in Other Assets) Liability Derivatives (Included in Other Liabilities) (Dollars in Thousands) 2023 2022 2023 2022 Derivatives not Designated as Hedging Instruments Gross Amounts Recognized $ 17,437 $ 22,973 $ 17,225 $ 22,542 Gross Amounts Offset — — — — Net Amounts Presented in the Consolidated Balance Sheets 17,437 22,973 17,225 22,542 Gross Amounts Not Offset (1) — — — — Net Amount $ 17,437 $ 22,973 $ 17,225 $ 22,542 (1) Amounts represent collateral posted for the periods presented.
Schedule of Offsetting Liabilities	The following table indicates the gross amounts of commercial loan swap derivative assets and derivative liabilities, the amounts offset and the carrying values included in the Consolidated Balance Sheets at December 31: Asset Derivatives (Included in Other Assets) Liability Derivatives (Included in Other Liabilities) (Dollars in Thousands) 2023 2022 2023 2022 Derivatives not Designated as Hedging Instruments Gross Amounts Recognized $ 17,437 $ 22,973 $ 17,225 $ 22,542 Gross Amounts Offset — — — — Net Amounts Presented in the Consolidated Balance Sheets 17,437 22,973 17,225 22,542 Gross Amounts Not Offset (1) — — — — Net Amount $ 17,437 $ 22,973 $ 17,225 $ 22,542 (1) Amounts represent collateral posted for the periods presented.

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2023
Banking and Thrift, Interest [Abstract]
Schedule of Deposits	The following table presents the composition of deposits at December 31: (Dollars in Thousands) 2023 2022 Noninterest-Bearing Demand $ 685,218 $ 705,539 Interest-Bearing Demand 481,506 496,948 Money Market 513,664 484,238 Savings 454,876 684,287 Certificates of Deposits 1,586,651 1,261,526 Total $ 3,721,915 $ 3,632,538
Schedule of Maturities of Time Deposits	Certificates of Deposit maturing as of December 31: (Dollars in Thousands) 2023 2024 $ 1,203,944 2025 238,056 2026 71,063 2027 34,037 2028 38,548 Thereafter 1,003 Total $ 1,586,651

FEDERAL HOME LOAN BANK BORROW_2

FEDERAL HOME LOAN BANK BORROWINGS AND FEDERAL FUNDS PURCHASED (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Borrowings	The following table represents the balance of FHLB borrowings, the weighted average interest rate, the interest expense and the borrowing availability for the years ended December 31: (Dollars in Thousands) 2023 2022 2021 FHLB Borrowings $ 393,400 $ 180,550 $ 7,000 Weighted Average Interest Rate 5.20 % 4.48 % 1.61 % Interest Expense $ 20,822 $ 1,163 $ 313 FHLB Availability $ 480,266 $ 676,746 $ 667,307 The following table represents the balance of federal funds purchased, the weighted average interest rate, the interest expense and the borrowing availability for the years ended December 31: (Dollars in Thousands) 2023 2022 2021 Federal Funds Purchased $ — $ 17,870 $ — Weighted Average Interest Rate — % 4.65 % — % Interest Expense $ 368 $ 188 $ — Federal Funds Purchased Availability $ 50,000 $ 127,130 $ 145,000
Schedule of Maturities and Weighted Average Interest Rates	Scheduled annual maturities and weighted average interest rates for FHLB borrowings for each of the five years subsequent to December 31, 2023 and thereafter are as follows: (Dollars in Thousands) Balance Weighted 2024 $ 323,400 5.46 % 2025 25,000 4.13 % 2026 45,000 3.96 % 2027 — — % 2028 — — % Thereafter — — % Total FHLB Borrowings $ 393,400 5.20 %

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Schedule of Vesting	The following table details the vesting schedule based on years of service for participants: 1 Year of Service 20% Vested 2 Years of Service 40% Vested 3 Years of Service 60% Vested 4 Years of Service 80% Vested 5 Years of Service 100% Vested

INCENTIVE AND RESTRICTED STOC_2

INCENTIVE AND RESTRICTED STOCK PLAN (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Information about Restricted Stock	The following table provides information about restricted stock granted under the Plan for the years ended December 31: Restricted Shares Weighted Average Non-vested at December 31, 2021 113,635 $ 14.80 Granted 127,355 16.50 Forfeited/Vested (80,793) 15.01 Non-vested at December 31, 2022 160,197 16.05 Granted 137,097 15.56 Forfeited/Vested (78,183) 16.24 Non-vested at December 31, 2023 219,111 $ 15.67

FEDERAL AND STATE INCOME TAXES

FEDERAL AND STATE INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Provision for Income Tax Expense	The components of the provision for income tax expense were as follows: (Dollars in Thousands) 2023 2022 2021 Current $ 4,969 $ 7,969 $ 994 Deferred (516) 3,939 3,643 Change in Valuation Allowance 884 (309) (529) Income Tax Provision $ 5,337 $ 11,599 $ 4,108
Schedule of Effective Income Tax Rate Reconciliation	The following is a reconciliation of the differences between the provision for income taxes and the amount computed by applying the statutory federal income tax rate to income before taxes: 2023 2022 2021 (Dollars in Thousands) Amount Percent Amount Percent Amount Percent Federal Income Tax at Statutory Rate $ 6,031 21.0 $ 12,961 21.0 $ 7,497 21.0 State Income Tax, net of Federal Benefit 445 1.5 657 1.1 20 0.1 Tax-exempt Interest, net of Disallowance (708) (2.5) (873) (1.4) (1,131) (3.2) Federal Tax Credits, net of Basis Reduction (2,365) (8.2) (625) (1.0) (1,559) (4.4) Change in Valuation Allowance 884 3.1 (309) (0.5) (529) (1.5) Income from Bank Owned Life Insurance (290) (1.0) (285) (0.5) (290) (0.8) Tax Credit Amortization 1,660 5.8 — — — — Other (320) (1.1) 73 0.1 100 0.3 Income Tax Provision and Effective Income Tax Rate $ 5,337 18.6 $ 11,599 18.8 $ 4,108 11.5
Schedule of Deferred Tax Assets and Liabilities	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: (Dollars in Thousands) 2023 2022 Deferred Tax Assets Allowance for Credit Losses $ 21,576 $ 20,671 Net Unrealized Loss on Available-for-sale Securities 20,104 23,818 Valuation Adjustments on Other Real Estate Owned — 649 Capital Loss Carryforward 1,143 — Operating Lease Liabilities 1,718 1,451 Other 1,797 2,250 Gross Deferred Tax Assets 46,338 48,839 Less: Valuation Allowance (884) — Total Deferred Tax Assets $ 45,454 $ 48,839 (Dollars in Thousands) 2023 2022 Deferred Tax Liabilities Fixed Asset Depreciation $ (4,409) $ (4,523) Acquisition-Related Fair Value Adjustments (2,686) (2,737) Deferred Loan Income (1,607) (1,800) Operating Lease Right-of-Use Assets (1,647) (1,389) Equity Investment in Partnerships (480) (113) Other (437) (312) Total Deferred Tax Liabilities (11,266) (10,874) Net Deferred Tax Assets $ 34,188 $ 37,965

TAX EFFECTS ON OTHER COMPREHE_2

TAX EFFECTS ON OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Other Comprehensive Income (Loss)	The following table presents the change in components of other comprehensive income (loss) for the years ended December 31, net of tax effects: (Dollars in Thousands) Pre-Tax Tax (Expense) Benefit Net of Tax 2023 Net Unrealized Gains Arising during the Period $ 16,370 $ (3,398) $ 12,972 Reclassification Adjustment for Losses included in Net Income 1,521 (316) 1,205 Other Comprehensive Income $ 17,891 $ (3,714) $ 14,177 2022 Net Unrealized Losses Arising during the Period $ (111,542) $ 24,261 $ (87,281) Reclassification Adjustment for Gains included in Net Income (46) 9 (37) Other Comprehensive Loss $ (111,588) $ 24,270 $ (87,318) 2021 Net Unrealized Losses Arising during the Period $ (10,877) $ 2,284 $ (8,593) Reclassification Adjustment for Gains included in Net Income (6,869) 1,443 (5,426) Other Comprehensive Loss $ (17,746) $ 3,727 $ (14,019)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Life-of-loss Reserve on Unfunded Loan Commitments	The following table presents activity in the life-of-loss reserve on unfunded loan commitments as of and for the years ended December 31: (Dollars in Thousands) December 31, 2023 December 31, 2022 Life-of-Loss Reserve on Unfunded Loan Commitments Balance at beginning of period $ 2,292 $ 1,783 Provision for Unfunded Commitments 901 509 Balance at end of period $ 3,193 $ 2,292

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table summarizes the point of revenue recognition and the income recognized for each of the revenue streams for the years ended December 31: (Dollars in Thousands) Point of Revenue 2023 2022 2021 In-Scope Revenue Streams Service Charges on Deposit Accounts At a point in time $ 5,534 $ 5,537 $ 5,036 Other Fees and Other Income At a point in time 1,885 3,284 3,233 Debit Card Interchange Fees At a point in time 7,828 7,427 7,226 Insurance Customer Commissions At a point in time 131 104 91 Annual Commission on Investment Over time 1,814 1,857 1,681 Special Production Payout Over time — — 129 Other Real Estate Owned Income At a point in time 75 50 90 Gains on Sales and Write-downs of Bank Premises, net At a point in time — 73 — Gains (Losses) on Sale of Other Real Estate Owned At a point in time *** *** *** Total In-Scope Revenue Streams 17,267 18,332 17,486 Out of Scope Revenue Streams (Losses) Gain on Sales of Securities, net (1,521) 46 6,869 Bank Owned Life Insurance Income 1,381 1,357 1,380 Commercial Loan Swap Fee Income 139 774 2,416 Other 1,012 1,209 730 Total Noninterest Income $ 18,278 $ 21,718 $ 28,881 ***Reported net with Losses on Sales and Write-downs of Other Real Owned in Noninterest Expense

PARENT COMPANY CONDENSED FINA_2

PARENT COMPANY CONDENSED FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Schedule of Balance Sheets	Balance Sheets December 31, (Dollars in Thousands) 2023 2022 ASSETS Cash $ 629 $ 2,199 Investment in Bank Subsidiary 347,429 321,732 Other Assets 3,337 4,699 Total Assets $ 351,395 $ 328,630 LIABILITIES Other Liabilities $ 152 $ 3 Total Shareholders’ Equity 351,243 328,627 Total Liabilities and Shareholders’ Equity $ 351,395 $ 328,630
Schedule of Statements of Net Income	Statements of Net Income December 31, (Dollars in Thousands) 2023 2022 2021 Dividends from Subsidiaries $ 14,029 $ 45,377 $ 6,000 Total Income 418 — — Total Expenses (3,011) (2,696) (2,238) Income Before Income Tax Benefit and Undistributed Net Income of Bank Subsidiary 11,436 42,681 3,762 Income Tax Benefit (534) (577) (446) Income Before Undistributed Net Income of Bank Subsidiary 11,970 43,258 4,208 Equity in Undistributed Net Income of Bank Subsidiary 11,414 6,860 27,382 Net Income $ 23,384 $ 50,118 $ 31,590 Comprehensive Income (Loss) $ 37,561 $ (37,200) $ 17,571
Schedule of Statements of Cash Flows	Statements of Cash Flows December 31, (Dollars in Thousands) 2023 2022 2021 OPERATING ACTIVITIES Net Income $ 23,384 $ 50,118 $ 31,590 Equity in Undistributed Net Income of Bank Subsidiary (11,414) (6,860) (27,382) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Stock Compensation Expense 1,561 1,314 1,040 Decrease (Increase) in Other Assets 1,774 (3,778) (571) Decrease in Other Liabilities (47) (460) — Decrease in Intercompany Liability — — (17) Net Cash Provided by Operating Activities 15,258 40,334 4,660 INVESTING ACTIVITIES Equity Investment in Non-Subsidiary, net of distributions (412) (350) Net Cash Used in Investing Activities (412) (350) — FINANCING ACTIVITIES Repurchase of Common Stock (16,416) (42,927) (157) Net Cash Used In Financing Activities (16,416) (42,927) (157) Net (Decrease) Increase in Cash (1,570) (2,943) 4,503 Cash at Beginning of Year 2,199 5,142 639 Cash at End of Year $ 629 $ 2,199 $ 5,142

CAPITAL ADEQUACY (Tables)

CAPITAL ADEQUACY (Tables)	12 Months Ended
	Dec. 31, 2023
Regulatory Capital Requirements under Banking Regulations [Abstract]
Schedule of Risk-Based Capital Amounts and Ratios	The following table summarizes risk-based capital amounts and ratios for the Company and the Bank, excluding the 2.5% capital conservation buffer: Actual Minimum To be Well Capitalized (Dollars in Thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2023 Leverage Ratio Carter Bankshares, Inc. $ 435,364 9.48 % $ 183,636 4.00 % NA NA Carter Bank & Trust 431,550 9.41 % 183,427 4.00 % $ 229,283 5.00 % Common Equity Tier 1 (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 435,364 11.08 % $ 176,868 4.50 % NA NA Carter Bank & Trust 431,550 10.99 % 176,716 4.50 % $ 255,256 6.50 % Tier 1 Capital (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 435,364 11.08 % $ 235,824 6.00 % NA NA Carter Bank & Trust 431,550 10.99 % 235,621 6.00 % $ 314,161 8.00 % Total Capital (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 484,925 12.34 % $ 314,432 8.00 % NA NA Carter Bank & Trust 481,070 12.25 % 314,161 8.00 % $ 392,702 10.00 % As of December 31, 2022 Leverage Ratio Carter Bankshares, Inc. $ 439,606 10.29 % $ 170,906 4.00 % NA NA Carter Bank & Trust 432,711 10.13 % 170,857 4.00 % $ 213,571 5.00 % Common Equity Tier 1 (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 439,606 12.61 % $ 156,936 4.50 % NA NA Carter Bank & Trust 432,711 12.42 % 156,722 4.50 % $ 226,376 6.50 % Tier 1 Capital (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 439,606 12.61 % $ 209,248 6.00 % NA NA Carter Bank & Trust 432,711 12.42 % 208,962 6.00 % $ 278,617 8.00 % Total Capital (to Risk-Weighted Assets) Carter Bankshares, Inc. $ 483,450 13.86 % $ 278,997 8.00 % NA NA Carter Bank & Trust 476,496 13.68 % 278,617 8.00 % $ 348,271 10.00 %

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) source segment payment subsidiary	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 01, 2023 USD ($)	Jan. 01, 2021 USD ($)	Dec. 31, 2020 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of wholly owned subsidiary | subsidiary	1
Number of operating segments | segment	1
Number of reportable segments | segment	1
Number of source of loan | source	2
Allowance for credit losses	$ 97,052	$ 93,852	$ 95,939			$ 54,074
Number of monthly payments past due | payment	2
Advertising expense	$ 1,693	1,434	952
Depreciation expenses	$ 6,200	6,100	$ 6,200
OREO, minimum threshold to revaluation period	12 months
OREO threshold to revalue every 24 months	$ 500
OREO, minimum threshold to revaluation period, smaller OREO assets	24 months
Decrease in retained earnings	$ (309,083)	$ (285,593)
Bank Premises | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	5 years
Bank Premises | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	40 years
Equipment | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	3 years
Equipment | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated useful life	10 years
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses						$ 61,642
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses					$ 51,300
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2023-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in retained earnings				$ (100)

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Useful Life (Details)	Dec. 31, 2023
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	25 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	40 years
Furniture and Fixtures
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Computer Equipment and Software
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Other Equipment
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Vehicles
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Income (Loss) Available to Common Stockholders, Basic [Abstract]
Net Income	$ 23,384	$ 50,118	$ 31,590
Less: Income allocated to participating shares	197	295	127
Net Income Allocated to Common Shareholders - Basic	23,187	49,823	31,463
Net Income Allocated to Common Shareholders - Diluted	$ 23,187	$ 49,823	$ 31,463
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted Average Shares Outstanding, including Shares Considered Participating Securities (in shares)	23,438,413	24,741,454	26,449,438
Less: Average Participating Securities (in shares)	197,870	145,665	106,709
Weighted Average Common Shares Outstanding, Basic (in shares)	23,240,543	24,595,789	26,342,729
Weighted Average Common Shares Outstanding, Diluted (in shares)	23,240,543	24,595,789	26,342,729
Earnings per Common Share – Basic (in usd per share)	$ 1	$ 2.03	$ 1.19
Earnings per Common Share – Diluted (in usd per share)	$ 1	$ 2.03	$ 1.19

RESTRICTIONS ON CASH AND DUE _2

RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Required reserves	$ 0	$ 0	$ 0

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Amortized Cost and Fair Value for Available-for-sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 870,546	$ 945,707
Gross Unrealized Gains	734	300
Gross Unrealized Losses	(92,277)	(109,734)
Fair Value	779,003	836,273
U.S. Treasury Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		19,318
Gross Unrealized Gains		0
Gross Unrealized Losses		(1,452)
Fair Value		17,866
U.S. Government Agency Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	44,185	50,334
Gross Unrealized Gains	398	218
Gross Unrealized Losses	(756)	(788)
Fair Value	43,827	49,764
Residential Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	110,726	115,694
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(11,576)	(12,009)
Fair Value	99,150	103,685
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	31,578	35,538
Gross Unrealized Gains	336	73
Gross Unrealized Losses	(751)	(936)
Fair Value	31,163	34,675
Other Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	24,522	24,987
Gross Unrealized Gains	0	9
Gross Unrealized Losses	(2,666)	(2,597)
Fair Value	21,856	22,399
Asset Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	150,832	156,552
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(10,826)	(15,169)
Fair Value	140,006	141,383
Collateralized Mortgage Obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	174,396	190,781
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(12,863)	(14,159)
Fair Value	161,533	176,622
States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	263,557	281,753
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(41,449)	(53,607)
Fair Value	222,108	228,146
Corporate Notes
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	70,750	70,750
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(11,390)	(9,017)
Fair Value	$ 59,360	$ 61,733

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Debt securities, held-to-maturity	$ 0	$ 0
Allowance for credit losses on investment securities	0	0
Impairment of debt securities	0	0
Carrying value of securities pledged as collateral	$ 215,500,000	$ 224,500,000

INVESTMENT SECURITIES - Sched_2

INVESTMENT SECURITIES - Schedule of Gross and Net Realized Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Proceeds from Sales of Securities Available-for-Sale	$ 43,323	$ 19,777	$ 197,056
Gross Realized Gains	129	208	7,080
Gross Realized Losses	(1,650)	(162)	(211)
Net Realized (Losses) Gains	(1,521)	46	6,869
Tax Impact	$ (319)	$ 10	$ 1,443

INVESTMENT SECURITIES - Sched_3

INVESTMENT SECURITIES - Schedule of Amortized Cost and Fair Value of Available-for-sale Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized Cost
Due in One Year or Less	$ 0
Due after One Year through Five Years	12,746
Due after Five Years through Ten Years	262,463
Due after Ten Years	103,283
Amortized Cost	870,546	$ 945,707
Fair Value
Due in One Year or Less	0
Due after One Year through Five Years	11,846
Due after Five Years through Ten Years	228,115
Due after Ten Years	85,334
Fair Value	779,003	836,273
Residential Mortgage-Backed Securities
Amortized Cost
Without single maturity date	110,726
Amortized Cost	110,726	115,694
Fair Value
Without single maturity date	99,150
Fair Value	99,150	103,685
Commercial Mortgage-Backed Securities
Amortized Cost
Without single maturity date	31,578
Amortized Cost	31,578	35,538
Fair Value
Without single maturity date	31,163
Fair Value	31,163	34,675
Other Commercial Mortgage-Backed Securities
Amortized Cost
Without single maturity date	24,522
Amortized Cost	24,522	24,987
Fair Value
Without single maturity date	21,856
Fair Value	21,856	22,399
Collateralized Mortgage Obligations
Amortized Cost
Without single maturity date	174,396
Amortized Cost	174,396	190,781
Fair Value
Without single maturity date	161,533
Fair Value	161,533	176,622
Asset Backed Securities
Amortized Cost
Without single maturity date	150,832
Amortized Cost	150,832	156,552
Fair Value
Without single maturity date	140,006
Fair Value	$ 140,006	$ 141,383

INVESTMENT SECURITIES - Sched_4

INVESTMENT SECURITIES - Schedule of Available-for-sale Securities with Unrealized Losses (Details) $ in Thousands	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	12	153
AFS, Less Than 12 Months, Fair Value	$ 10,170	$ 284,547
AFS, Less Than 12 Months, Unrealized Losses	$ (154)	$ (32,266)
AFS, 12 Months or More, Number of Securities | security	428	298
AFS, 12 Months or More, Fair Value	$ 736,023	$ 506,981
AFS, 12 Months or More, Unrealized Losses	$ (92,123)	$ (77,468)
AFS, Total, Number of Securities | security	440	451
AFS, Total, Fair Value	$ 746,193	$ 791,528
AFS, Total, Unrealized Losses	$ (92,277)	$ (109,734)
U.S. Treasury Securities
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security		3
AFS, Less Than 12 Months, Fair Value		$ 14,080
AFS, Less Than 12 Months, Unrealized Losses		$ (789)
AFS, 12 Months or More, Number of Securities | security		2
AFS, 12 Months or More, Fair Value		$ 3,786
AFS, 12 Months or More, Unrealized Losses		$ (663)
AFS, Total, Number of Securities | security		5
AFS, Total, Fair Value		$ 17,866
AFS, Total, Unrealized Losses		$ (1,452)
U.S. Government Agency Securities
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	7	6
AFS, Less Than 12 Months, Fair Value	$ 6,567	$ 5,337
AFS, Less Than 12 Months, Unrealized Losses	$ (67)	$ (26)
AFS, 12 Months or More, Number of Securities | security	15	9
AFS, 12 Months or More, Fair Value	$ 15,848	$ 15,576
AFS, 12 Months or More, Unrealized Losses	$ (689)	$ (762)
AFS, Total, Number of Securities | security	22	15
AFS, Total, Fair Value	$ 22,415	$ 20,913
AFS, Total, Unrealized Losses	$ (756)	$ (788)
Residential Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	0	6
AFS, Less Than 12 Months, Fair Value	$ 0	$ 7,601
AFS, Less Than 12 Months, Unrealized Losses	$ 0	$ (372)
AFS, 12 Months or More, Number of Securities | security	43	37
AFS, 12 Months or More, Fair Value	$ 99,150	$ 96,084
AFS, 12 Months or More, Unrealized Losses	$ (11,576)	$ (11,637)
AFS, Total, Number of Securities | security	43	43
AFS, Total, Fair Value	$ 99,150	$ 103,685
AFS, Total, Unrealized Losses	$ (11,576)	$ (12,009)
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	3	7
AFS, Less Than 12 Months, Fair Value	$ 1,073	$ 7,843
AFS, Less Than 12 Months, Unrealized Losses	$ (3)	$ (307)
AFS, 12 Months or More, Number of Securities | security	50	49
AFS, 12 Months or More, Fair Value	$ 18,692	$ 15,675
AFS, 12 Months or More, Unrealized Losses	$ (748)	$ (629)
AFS, Total, Number of Securities | security	53	56
AFS, Total, Fair Value	$ 19,765	$ 23,518
AFS, Total, Unrealized Losses	$ (751)	$ (936)
Other Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	0	2
AFS, Less Than 12 Months, Fair Value	$ 0	$ 5,302
AFS, Less Than 12 Months, Unrealized Losses	$ 0	$ (617)
AFS, 12 Months or More, Number of Securities | security	9	6
AFS, 12 Months or More, Fair Value	$ 21,856	$ 14,560
AFS, 12 Months or More, Unrealized Losses	$ (2,666)	$ (1,980)
AFS, Total, Number of Securities | security	9	8
AFS, Total, Fair Value	$ 21,856	$ 19,862
AFS, Total, Unrealized Losses	$ (2,666)	$ (2,597)
Asset Backed Securities
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	2	13
AFS, Less Than 12 Months, Fair Value	$ 2,530	$ 42,173
AFS, Less Than 12 Months, Unrealized Losses	$ (84)	$ (2,984)
AFS, 12 Months or More, Number of Securities | security	52	41
AFS, 12 Months or More, Fair Value	$ 137,476	$ 97,210
AFS, 12 Months or More, Unrealized Losses	$ (10,742)	$ (12,185)
AFS, Total, Number of Securities | security	54	54
AFS, Total, Fair Value	$ 140,006	$ 139,383
AFS, Total, Unrealized Losses	$ (10,826)	$ (15,169)
Collateralized Mortgage Obligations
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	0	35
AFS, Less Than 12 Months, Fair Value	$ 0	$ 66,362
AFS, Less Than 12 Months, Unrealized Losses	$ 0	$ (4,500)
AFS, 12 Months or More, Number of Securities | security	85	50
AFS, 12 Months or More, Fair Value	$ 161,533	$ 110,260
AFS, 12 Months or More, Unrealized Losses	$ (12,863)	$ (9,659)
AFS, Total, Number of Securities | security	85	85
AFS, Total, Fair Value	$ 161,533	$ 176,622
AFS, Total, Unrealized Losses	$ (12,863)	$ (14,159)
States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	0	73
AFS, Less Than 12 Months, Fair Value	$ 0	$ 112,564
AFS, Less Than 12 Months, Unrealized Losses	$ 0	$ (19,706)
AFS, 12 Months or More, Number of Securities | security	153	91
AFS, 12 Months or More, Fair Value	$ 222,108	$ 115,382
AFS, 12 Months or More, Unrealized Losses	$ (41,449)	$ (33,901)
AFS, Total, Number of Securities | security	153	164
AFS, Total, Fair Value	$ 222,108	$ 227,946
AFS, Total, Unrealized Losses	$ (41,449)	$ (53,607)
Corporate Notes
Debt Securities, Available-for-sale [Line Items]
AFS, Less Than 12 Months, Number of Securities | security	0	8
AFS, Less Than 12 Months, Fair Value	$ 0	$ 23,285
AFS, Less Than 12 Months, Unrealized Losses	$ 0	$ (2,965)
AFS, 12 Months or More, Number of Securities | security	21	13
AFS, 12 Months or More, Fair Value	$ 59,360	$ 38,448
AFS, 12 Months or More, Unrealized Losses	$ (11,390)	$ (6,052)
AFS, Total, Number of Securities | security	21	21
AFS, Total, Fair Value	$ 59,360	$ 61,733
AFS, Total, Unrealized Losses	$ (11,390)	$ (9,017)

LOANS AND LOANS HELD-FOR-SALE -

LOANS AND LOANS HELD-FOR-SALE - Schedule of Loan Portfolio by Dollar Amount (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	$ 3,505,910,000	$ 3,148,913,000
Loans Held-for-Sale	0	0
Total Loans	3,505,910,000	3,148,913,000
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	1,942,142,000	1,780,354,000
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	1,670,631,000	1,470,562,000
Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	271,511,000	309,792,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	822,206,000	702,510,000
Residential Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	787,929,000	657,948,000
Other Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	34,277,000	44,562,000
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	436,349,000	353,553,000
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Portfolio Loans	$ 305,213,000	$ 312,496,000

LOANS AND LOANS HELD-FOR-SALE_2

LOANS AND LOANS HELD-FOR-SALE - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net deferred costs and fees	$ 8,200,000	$ 7,200,000
Discount on purchase 1-4 family loans	161,200	133,400
Loans held-for-sale	0	0
Commitment limit for restructured loan		1,000,000
Mortgage loans in process of foreclosure	900,000	2,000,000
Other Real Estate Owned, net	8,393,000	2,463,000	$ 10,916,000	$ 15,722,000
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other Real Estate Owned, net	$ 133,000	$ 62,000
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan maturity extension period	5 months
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan segment limit, percentage of total risk based capital		300%
Loan segment limit, percentage of growth in excess over previous 36 months		50%
Calculation period		36 months
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan segment limit, percentage of total risk based capital		100%

LOANS AND LOANS HELD-FOR-SALE_3

LOANS AND LOANS HELD-FOR-SALE - Schedule of Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) contract	Dec. 31, 2022 USD ($) contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	1,000
Amortized Cost Basis	$ 0	$ 324,000
% of Total Class of Financing Receivable	0%	0.02%
Interest receivable, modified in period		$ 1,500
Portfolio Loans	$ 3,505,910,000	3,148,913,000
Interest receivable		1,500
Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	3,190,343,000	3,137,431,000
30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	5,611,000	2,481,000
90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	0	0
Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	1,670,631,000	1,470,562,000
Commercial Real Estate | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	1,668,988,000	1,468,154,000
Commercial Real Estate | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	125,000	104,000
Commercial Real Estate | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	0
Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	271,511,000	309,792,000
Commercial and Industrial | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	271,420,000	309,305,000
Commercial and Industrial | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	5,000	274,000
Commercial and Industrial | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	0
Residential Mortgages
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	787,929,000	657,948,000
Residential Mortgages | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	782,765,000	654,238,000
Residential Mortgages | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	1,846,000	445,000
Residential Mortgages | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	0
Other Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	34,277,000	44,562,000
Other Consumer | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	33,813,000	44,013,000
Other Consumer | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	247,000	337,000
Other Consumer | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	0
Construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	436,349,000	353,553,000
Construction | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	430,057,000	349,225,000
Construction | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	3,388,000	1,321,000
Construction | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	0
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	305,213,000	312,496,000
Other | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	3,300,000	312,496,000
Other | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	0	0
Other | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans	$ 0
Accruing and Nonaccruing Restructured Loans | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		324,000
Accruing and Nonaccruing Restructured Loans | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Accruing and Nonaccruing Restructured Loans | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	1,000
Amortized Cost Basis	$ 0	$ 324,000
% of Total Class of Financing Receivable	0%	0.02%
Accruing Restructured Loans | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 324,000
Accruing Restructured Loans | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Accruing Restructured Loans | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	1,000
Amortized Cost Basis	$ 0	$ 324,000
% of Total Class of Financing Receivable	0%	0.02%
Accruing Restructured Loans | Commercial Real Estate | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 324,000
Accruing Restructured Loans | Commercial Real Estate | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Accruing Restructured Loans | Commercial Real Estate | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Accruing Restructured Loans | Commercial and Industrial | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Commercial and Industrial | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Accruing Restructured Loans | Commercial and Industrial | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Residential Mortgages
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Accruing Restructured Loans | Residential Mortgages | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Residential Mortgages | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Accruing Restructured Loans | Residential Mortgages | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Other Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Accruing Restructured Loans | Other Consumer | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Other Consumer | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Accruing Restructured Loans | Other Consumer | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Accruing Restructured Loans | Construction | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Construction | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Accruing Restructured Loans | Construction | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Accruing Restructured Loans | Other | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Accruing Restructured Loans | Other | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Accruing Restructured Loans | Other | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Nonaccrual Restructured Loans | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Nonaccrual Restructured Loans | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Commercial Real Estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Nonaccrual Restructured Loans | Commercial Real Estate | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Commercial Real Estate | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Nonaccrual Restructured Loans | Commercial Real Estate | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Commercial and Industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Nonaccrual Restructured Loans | Commercial and Industrial | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Commercial and Industrial | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Nonaccrual Restructured Loans | Commercial and Industrial | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Residential Mortgages
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Nonaccrual Restructured Loans | Residential Mortgages | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Residential Mortgages | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Nonaccrual Restructured Loans | Residential Mortgages | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Other Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Nonaccrual Restructured Loans | Other Consumer | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Other Consumer | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Nonaccrual Restructured Loans | Other Consumer | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Nonaccrual Restructured Loans | Construction | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Construction | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Nonaccrual Restructured Loans | Construction | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	0	0
Amortized Cost Basis	$ 0	$ 0
% of Total Class of Financing Receivable	0%	0%
Nonaccrual Restructured Loans | Other | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0
Nonaccrual Restructured Loans | Other | 30-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		0
Nonaccrual Restructured Loans | Other | 90+ Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Portfolio Loans		$ 0

LOANS AND LOANS HELD-FOR-SALE_4

LOANS AND LOANS HELD-FOR-SALE - Schedule of Financing Receivable To Principal Officers, Directors And Affiliates (Details) - Officers, Directors And Affiliates $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Loans and Leases Receivable, Related Parties [Roll Forward]
Beginning Balance	$ 2,746
Principal Additions	353
Repayments	(666)
Balance at End of Year	$ 2,433

ALLOWANCE FOR CREDIT LOSSES - N

ALLOWANCE FOR CREDIT LOSSES - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) largeLoanRelationship relationship	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans evaluated | largeLoanRelationship	20
Total aggregate commercial relationship	$ 2,000,000
Minimum aggregate exposure	2,000,000
Portfolio Loans	3,505,910,000	$ 3,148,913,000
Upgrade of loan assessment	6,401,000	2,928,000	$ 2,081,000
Nonaccrual Loans	309,535,000	6,645,000
Troubled debt restructured loans, individually evaluated impaired loans	1,000,000
Disposal Group, Held-for-sale, Not Discontinued Operations
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual Loans	0	0
90+ Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	0	0
Total 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, period increase (decrease)	1,200,000
Portfolio Loans	6,000,000	4,800,000
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	305,213,000	312,496,000
Nonaccrual Loans	301,913,000	0
Other | 90+ Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	0
CRE
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	1,670,631,000	1,470,562,000
Nonaccrual Loans	1,324,000	2,304,000
CRE | 90+ Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	0
Residential Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	787,929,000	657,948,000
Nonaccrual Loans	3,283,000	3,265,000
Residential Mortgages | 90+ Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	0
Residential Mortgages | Total 30-89 Days Past Due
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, period increase (decrease)	$ 2,900,000
Number of relationships | relationship	2
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	$ 309,535,000	6,645,000
Nonperforming | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	301,913,000	0
Nonperforming | CRE
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	1,324,000	2,304,000
Nonperforming | Residential Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	3,283,000	3,265,000
Largest Lending Relationship Loans | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans		309,100,000
Special Mention and Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, period increase (decrease)	156,500,000
Portfolio Loans	313,300,000
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, period increase (decrease)	167,500,000
Portfolio Loans	309,646,000	142,145,000
Substandard | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	301,913,000	131,751,000
Substandard | CRE
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	1,324,000	2,426,000
Substandard | Residential Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	3,314,000	3,921,000
Substandard | Largest Lending Relationship Loans | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans		131,800,000
Substandard | Largest Lending Relationship Loans | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	301,900,000
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, period increase (decrease)	(11,000,000)
Portfolio Loans	3,700,000	14,735,000
Special Mention | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	0	0
Special Mention | CRE
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	278,000	10,796,000
Special Mention | Residential Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	525,000	983,000
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	3,192,564,000	2,992,033,000
Pass | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	3,300,000	180,745,000
Pass | CRE
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	1,669,029,000	1,457,340,000
Upgrade of loan assessment	9,900,000
Pass | Residential Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans	$ 784,090,000	653,044,000
Pass | Largest Lending Relationship Loans | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio Loans		$ 177,300,000

ALLOWANCE FOR CREDIT LOSSES - S

ALLOWANCE FOR CREDIT LOSSES - Schedule of Loan Balances by Origination Year and Assigned Risk Rating (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	$ 504,224	$ 816,403
Year two	870,661	547,084
Year three	531,133	308,432
Year four	264,583	198,133
Year five	176,601	409,968
Year five and prior	1,053,043	782,100
Revolving	105,665	86,793
Total Portfolio Loans	3,505,910	3,148,913
Gross charge-offs, year one	232	3,712
Gross charge-offs, year two	1,451	625
Gross charge-offs, year three	925	254
Gross charge-offs, year four	83	358
Gross charge-offs, year five	142	65
Gross charge-offs, year five and prior	140	145
Gross charge-offs, revolving	0	0
Gross charge-offs	2,973	5,159	$ 24,424
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	504,210	816,403
Year two	870,655	545,820
Year three	529,952	308,431
Year four	262,475	197,250
Year five	175,626	407,545
Year five and prior	748,053	780,067
Revolving	105,404	86,752
Total Portfolio Loans	3,196,375	3,142,268
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	14	0
Year two	6	1,264
Year three	1,181	1
Year four	2,108	883
Year five	975	2,423
Year five and prior	304,990	2,033
Revolving	261	41
Total Portfolio Loans	309,535	6,645
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	504,210	816,403
Year two	870,591	545,553
Year three	529,730	305,544
Year four	259,638	197,250
Year five	175,626	322,831
Year five and prior	747,365	717,734
Revolving	105,404	86,718
Total Portfolio Loans	3,192,564	2,992,033
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	218
Year three	206	2,887
Year four	2,837	0
Year five	0	10,348
Year five and prior	657	1,248
Revolving	0	34
Total Portfolio Loans	3,700	14,735
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	14	0
Year two	70	1,313
Year three	1,197	1
Year four	2,108	883
Year five	975	76,789
Year five and prior	305,021	63,118
Revolving	261	41
Total Portfolio Loans	309,646	142,145
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Year five and prior	0
Revolving	0
Total Portfolio Loans	0
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	259,171	418,939
Year two	434,639	186,444
Year three	173,873	139,148
Year four	142,494	130,521
Year five	124,277	227,522
Year five and prior	505,260	336,639
Revolving	30,917	31,349
Total Portfolio Loans	1,670,631	1,470,562
Gross charge-offs, year one	0	0
Gross charge-offs, year two	0	0
Gross charge-offs, year three	0	0
Gross charge-offs, year four	0	0
Gross charge-offs, year five	0	0
Gross charge-offs, year five and prior	0	0
Gross charge-offs, revolving	0	0
Gross charge-offs	0	0	19,662
Commercial Real Estate | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	259,171	418,939
Year two	434,639	186,444
Year three	173,873	139,148
Year four	142,494	130,521
Year five	124,176	225,416
Year five and prior	504,037	336,441
Revolving	30,917	31,349
Total Portfolio Loans	1,669,307	1,468,258
Commercial Real Estate | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	101	2,106
Year five and prior	1,223	198
Revolving	0	0
Total Portfolio Loans	1,324	2,304
Commercial Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	259,171	418,939
Year two	434,639	186,226
Year three	173,667	139,148
Year four	142,494	130,521
Year five	124,176	215,498
Year five and prior	503,965	335,659
Revolving	30,917	31,349
Total Portfolio Loans	1,669,029	1,457,340
Commercial Real Estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	218
Year three	206	0
Year four	0	0
Year five	0	9,919
Year five and prior	72	659
Revolving	0	0
Total Portfolio Loans	278	10,796
Commercial Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three		0
Year four	0	0
Year five	101	2,105
Year five and prior	1,223	321
Revolving	0	0
Total Portfolio Loans	1,324	2,426
Commercial Real Estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Year five and prior	0
Revolving	0
Total Portfolio Loans	0
Commercial and Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	24,863	23,104
Year two	18,061	47,193
Year three	37,566	38,706
Year four	27,421	9,040
Year five	2,650	10,736
Year five and prior	137,396	157,273
Revolving	23,554	23,740
Total Portfolio Loans	271,511	309,792
Gross charge-offs, year one	0	3,432
Gross charge-offs, year two	0	0
Gross charge-offs, year three	45	0
Gross charge-offs, year four	0	0
Gross charge-offs, year five	16	4
Gross charge-offs, year five and prior	2	0
Gross charge-offs, revolving	0	0
Gross charge-offs	63	3,436	374
Commercial and Industrial | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	24,863	23,104
Year two	18,061	47,147
Year three	37,566	38,706
Year four	27,403	9,022
Year five	2,636	10,639
Year five and prior	137,395	157,271
Revolving	23,535	23,699
Total Portfolio Loans	271,459	309,588
Commercial and Industrial | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	46
Year three	0	0
Year four	18	18
Year five	14	97
Year five and prior	1	2
Revolving	19	41
Total Portfolio Loans	52	204
Commercial and Industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	24,863	23,104
Year two	18,061	47,137
Year three	37,566	35,819
Year four	24,566	9,022
Year five	2,636	10,639
Year five and prior	137,395	154,473
Revolving	23,535	23,699
Total Portfolio Loans	268,622	303,893
Commercial and Industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	2,887
Year four	2,837	0
Year five	0	0
Year five and prior	0	0
Revolving	0	0
Total Portfolio Loans	2,837	2,887
Commercial and Industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	56
Year three	0	0
Year four	18	18
Year five	14	97
Year five and prior	1	2,800
Revolving	19	41
Total Portfolio Loans	52	3,012
Commercial and Industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Year five and prior	0
Revolving	0
Total Portfolio Loans	0
Residential Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	79,247	200,725
Year two	250,603	185,930
Year three	195,156	81,446
Year four	77,805	51,635
Year five	44,493	71,532
Year five and prior	97,833	41,331
Revolving	42,792	25,349
Total Portfolio Loans	787,929	657,948
Gross charge-offs, year one	0	0
Gross charge-offs, year two	0	0
Gross charge-offs, year three	136	0
Gross charge-offs, year four	0	0
Gross charge-offs, year five	0	22
Gross charge-offs, year five and prior	67	24
Gross charge-offs, revolving	0	0
Gross charge-offs	203	46	273
Residential Mortgages | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	79,247	200,725
Year two	250,603	184,718
Year three	194,014	81,446
Year four	77,805	50,770
Year five	43,633	71,313
Year five and prior	96,794	40,362
Revolving	42,550	25,349
Total Portfolio Loans	784,646	654,683
Residential Mortgages | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	1,212
Year three	1,142	0
Year four	0	865
Year five	860	219
Year five and prior	1,039	969
Revolving	242	0
Total Portfolio Loans	3,283	3,265
Residential Mortgages | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	79,247	200,725
Year two	250,603	184,718
Year three	194,014	81,446
Year four	77,805	50,770
Year five	43,633	70,659
Year five and prior	96,238	39,411
Revolving	42,550	25,315
Total Portfolio Loans	784,090	653,044
Residential Mortgages | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	429
Year five and prior	525	520
Revolving	0	34
Total Portfolio Loans	525	983
Residential Mortgages | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	1,212
Year three	1,142	0
Year four	0	865
Year five	860	444
Year five and prior	1,070	1,400
Revolving	242	0
Total Portfolio Loans	3,314	3,921
Residential Mortgages | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Year five and prior	0
Revolving	0
Total Portfolio Loans	0
Other Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	22,823	24,100
Year two	4,500	10,051
Year three	2,451	7,324
Year four	3,936	1,999
Year five	26	513
Year five and prior	187	276
Revolving	354	299
Total Portfolio Loans	34,277	44,562
Gross charge-offs, year one	232	280
Gross charge-offs, year two	1,451	625
Gross charge-offs, year three	744	254
Gross charge-offs, year four	83	358
Gross charge-offs, year five	126	39
Gross charge-offs, year five and prior	29	121
Gross charge-offs, revolving	0	0
Gross charge-offs	2,665	1,677	2,256
Other Consumer | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	22,809	24,100
Year two	4,494	10,045
Year three	2,412	7,323
Year four	3,936	1,999
Year five	26	512
Year five and prior	187	276
Revolving	354	299
Total Portfolio Loans	34,218	44,554
Other Consumer | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	14	0
Year two	6	6
Year three	39	1
Year four	0	0
Year five	0	1
Year five and prior	0	0
Revolving	0	0
Total Portfolio Loans	59	8
Other Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	22,809	24,100
Year two	4,494	10,006
Year three	2,396	7,323
Year four	3,936	1,999
Year five	26	512
Year five and prior	187	256
Revolving	354	299
Total Portfolio Loans	34,202	44,495
Other Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Year five and prior	0	0
Revolving	0	0
Total Portfolio Loans	0	0
Other Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	14	0
Year two	6	45
Year three	55	1
Year four	0	0
Year five	0	1
Year five and prior	0	20
Revolving	0	0
Total Portfolio Loans	75	67
Other Consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Year five and prior	0
Revolving	0
Total Portfolio Loans	0
Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	118,120	149,535
Year two	162,858	117,466
Year three	122,087	41,808
Year four	12,927	4,938
Year five	5,155	25,615
Year five and prior	7,154	8,135
Revolving	8,048	6,056
Total Portfolio Loans	436,349	353,553
Gross charge-offs, year one	0	0
Gross charge-offs, year two	0	0
Gross charge-offs, year three	0	0
Gross charge-offs, year four	0	0
Gross charge-offs, year five	0	0
Gross charge-offs, year five and prior	42	0
Gross charge-offs, revolving	0	0
Gross charge-offs	42	0	1,859
Construction | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	118,120	149,535
Year two	162,858	117,466
Year three	122,087	41,808
Year four	10,837	4,938
Year five	5,155	25,615
Year five and prior	6,340	7,271
Revolving	8,048	6,056
Total Portfolio Loans	433,445	352,689
Construction | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	2,090	0
Year five	0	0
Year five and prior	814	864
Revolving	0	0
Total Portfolio Loans	2,904	864
Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	118,120	149,535
Year two	162,794	117,466
Year three	122,087	41,808
Year four	10,837	4,938
Year five	5,155	25,523
Year five and prior	6,280	7,190
Revolving	8,048	6,056
Total Portfolio Loans	433,321	352,516
Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Year five and prior	60	69
Revolving	0	0
Total Portfolio Loans	60	69
Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	64	0
Year three	0	0
Year four	2,090	0
Year five	0	92
Year five and prior	814	876
Revolving	0	0
Total Portfolio Loans	2,968	968
Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Year five and prior	0
Revolving	0
Total Portfolio Loans	0
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	74,050
Year five and prior	305,213	238,446
Revolving	0	0
Total Portfolio Loans	305,213	312,496
Gross charge-offs, year one	0	0
Gross charge-offs, year two	0	0
Gross charge-offs, year three	0	0
Gross charge-offs, year four	0	0
Gross charge-offs, year five	0	0
Gross charge-offs, year five and prior	0	0
Gross charge-offs, revolving	0	0
Gross charge-offs	0	0	$ 0
Other | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	74,050
Year five and prior	3,300	238,446
Revolving	0	0
Total Portfolio Loans	3,300	312,496
Other | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0
Year five	0	0
Year five and prior	301,913	0
Revolving	0	0
Total Portfolio Loans	301,913	0
Other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Year five and prior	3,300	180,745
Revolving	0	0
Total Portfolio Loans	3,300	180,745
Other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Year five and prior	0	0
Revolving	0	0
Total Portfolio Loans	0	0
Other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	74,050
Year five and prior	301,913	57,701
Revolving	0	0
Total Portfolio Loans	301,913	$ 131,751
Other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Year five and prior	0
Revolving	0
Total Portfolio Loans	$ 0

ALLOWANCE FOR CREDIT LOSSES -_2

ALLOWANCE FOR CREDIT LOSSES - Schedule of Loans Past Due (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Portfolio Loans	$ 3,505,910,000	$ 3,148,913,000
Nonaccrual Loans	309,535,000	6,645,000
Current
Financing Receivable, Past Due [Line Items]
Portfolio Loans	3,190,343,000	3,137,431,000
Total 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	6,032,000	4,837,000
30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	5,611,000	2,481,000
Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	421,000	2,356,000
90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0	0
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Portfolio Loans	1,670,631,000	1,470,562,000
Nonaccrual Loans	1,324,000	2,304,000
Commercial Real Estate | Current
Financing Receivable, Past Due [Line Items]
Portfolio Loans	1,668,988,000	1,468,154,000
Commercial Real Estate | Total 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	319,000	104,000
Commercial Real Estate | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	125,000	104,000
Commercial Real Estate | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	194,000	0
Commercial Real Estate | 90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0
Commercial and Industrial
Financing Receivable, Past Due [Line Items]
Portfolio Loans	271,511,000	309,792,000
Nonaccrual Loans	52,000	204,000
Commercial and Industrial | Current
Financing Receivable, Past Due [Line Items]
Portfolio Loans	271,420,000	309,305,000
Commercial and Industrial | Total 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	39,000	283,000
Commercial and Industrial | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	5,000	274,000
Commercial and Industrial | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	34,000	9,000
Commercial and Industrial | 90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0
Residential Mortgages
Financing Receivable, Past Due [Line Items]
Portfolio Loans	787,929,000	657,948,000
Nonaccrual Loans	3,283,000	3,265,000
Residential Mortgages | Current
Financing Receivable, Past Due [Line Items]
Portfolio Loans	782,765,000	654,238,000
Residential Mortgages | Total 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	1,881,000	445,000
Residential Mortgages | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	1,846,000	445,000
Residential Mortgages | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	35,000	0
Residential Mortgages | 90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0
Other Consumer
Financing Receivable, Past Due [Line Items]
Portfolio Loans	34,277,000	44,562,000
Nonaccrual Loans	59,000	8,000
Other Consumer | Current
Financing Receivable, Past Due [Line Items]
Portfolio Loans	33,813,000	44,013,000
Other Consumer | Total 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	405,000	541,000
Other Consumer | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	247,000	337,000
Other Consumer | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	158,000	204,000
Other Consumer | 90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0
Construction
Financing Receivable, Past Due [Line Items]
Portfolio Loans	436,349,000	353,553,000
Nonaccrual Loans	2,904,000	864,000
Construction | Current
Financing Receivable, Past Due [Line Items]
Portfolio Loans	430,057,000	349,225,000
Construction | Total 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	3,388,000	3,464,000
Construction | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	3,388,000	1,321,000
Construction | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0	2,143,000
Construction | 90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0
Other
Financing Receivable, Past Due [Line Items]
Portfolio Loans	305,213,000	312,496,000
Nonaccrual Loans	301,913,000	0
Other | Current
Financing Receivable, Past Due [Line Items]
Portfolio Loans	3,300,000	312,496,000
Other | Total 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0	0
Other | 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0	0
Other | Loans 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	0	$ 0
Other | 90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Portfolio Loans	$ 0

ALLOWANCE FOR CREDIT LOSSES -_3

ALLOWANCE FOR CREDIT LOSSES - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without an Allowance for Credit Losses	$ 4,493	$ 0
Nonaccrual with an Allowance for Credit Losses	305,042	6,645
Total Nonaccrual Loans	309,535	6,645
Past Due 90+ Days Still Accruing	0	0
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without an Allowance for Credit Losses	453	0
Nonaccrual with an Allowance for Credit Losses	871	2,304
Total Nonaccrual Loans	1,324	2,304
Past Due 90+ Days Still Accruing	0	0
Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without an Allowance for Credit Losses	0	0
Nonaccrual with an Allowance for Credit Losses	52	204
Total Nonaccrual Loans	52	204
Past Due 90+ Days Still Accruing	0	0
Residential Mortgages
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without an Allowance for Credit Losses	1,142	0
Nonaccrual with an Allowance for Credit Losses	2,141	3,265
Total Nonaccrual Loans	3,283	3,265
Past Due 90+ Days Still Accruing	0	0
Other Consumer
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without an Allowance for Credit Losses	0	0
Nonaccrual with an Allowance for Credit Losses	59	8
Total Nonaccrual Loans	59	8
Past Due 90+ Days Still Accruing	0	0
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without an Allowance for Credit Losses	2,898	0
Nonaccrual with an Allowance for Credit Losses	6	864
Total Nonaccrual Loans	2,904	864
Past Due 90+ Days Still Accruing	0	0
Other
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual without an Allowance for Credit Losses	0	0
Nonaccrual with an Allowance for Credit Losses	301,913	0
Total Nonaccrual Loans	301,913	0
Past Due 90+ Days Still Accruing	$ 0	$ 0

ALLOWANCE FOR CREDIT LOSSES -_4

ALLOWANCE FOR CREDIT LOSSES - Schedule of Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	$ 3,505,910	$ 3,148,913
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	1,670,631	1,470,562
Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	271,511	309,792
Residential Mortgages
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	787,929	657,948
Other Consumer
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	34,277	44,562
Construction
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	436,349	353,553
Other
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	305,213	312,496
Total
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	306,406
Total | Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	453
Total | Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0
Total | Residential Mortgages
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	1,142
Total | Other Consumer
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0
Total | Construction
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	2,898
Total | Other
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	301,913
Fair Value - Real Estate
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	4,493	3,318
Fair Value - Real Estate | Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	453	2,106
Fair Value - Real Estate | Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0	0
Fair Value - Real Estate | Residential Mortgages
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	1,142	1,212
Fair Value - Real Estate | Other Consumer
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0	0
Fair Value - Real Estate | Construction
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	2,898	0
Fair Value - Real Estate | Other
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0	$ 0
Discounted Cash Flow
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	301,913
Discounted Cash Flow | Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0
Discounted Cash Flow | Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0
Discounted Cash Flow | Residential Mortgages
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0
Discounted Cash Flow | Other Consumer
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0
Discounted Cash Flow | Construction
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	0
Discounted Cash Flow | Other
Financing Receivable, Nonaccrual [Line Items]
Portfolio Loans	$ 301,913

ALLOWANCE FOR CREDIT LOSSES -_5

ALLOWANCE FOR CREDIT LOSSES - Schedule of Activity in Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year	$ 93,852	$ 95,939	$ 54,074
Provision (Recovery) for Credit Losses on Loans	5,500	2,419	3,350
Charge-offs	(2,973)	(5,159)	(24,424)
Recoveries	673	653	1,297
Net (Charge-offs) / Recoveries	(2,300)	(4,506)	(23,127)
Balance, End of Year	97,052	93,852	95,939
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year			61,642
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year	17,992	17,297	36,428
Provision (Recovery) for Credit Losses on Loans	1,881	695	(6,215)
Charge-offs	0	0	(19,662)
Recoveries	0	0	159
Net (Charge-offs) / Recoveries	0	0	(19,503)
Balance, End of Year	19,873	17,992	17,297
Commercial Real Estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year			6,587
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year	3,980	4,111	5,064
Provision (Recovery) for Credit Losses on Loans	(719)	3,304	(2,249)
Charge-offs	(63)	(3,436)	(374)
Recoveries	88	1	291
Net (Charge-offs) / Recoveries	25	(3,435)	(83)
Balance, End of Year	3,286	3,980	4,111
Commercial and Industrial | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year			1,379
Residential Mortgages
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year	8,891	4,368	2,099
Provision (Recovery) for Credit Losses on Loans	2,081	4,470	(982)
Charge-offs	(203)	(46)	(273)
Recoveries	110	99	168
Net (Charge-offs) / Recoveries	(93)	53	(105)
Balance, End of Year	10,879	8,891	4,368
Residential Mortgages | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year			3,356
Other Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year	1,329	1,493	2,479
Provision (Recovery) for Credit Losses on Loans	1,729	1,109	1,561
Charge-offs	(2,665)	(1,677)	(2,256)
Recoveries	475	404	586
Net (Charge-offs) / Recoveries	(2,190)	(1,273)	(1,670)
Balance, End of Year	868	1,329	1,493
Other Consumer | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year			(877)
Construction
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year	6,942	6,939	8,004
Provision (Recovery) for Credit Losses on Loans	892	(146)	781
Charge-offs	(42)	0	(1,859)
Recoveries	0	149	93
Net (Charge-offs) / Recoveries	(42)	149	(1,766)
Balance, End of Year	7,792	6,942	6,939
Construction | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year			(80)
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year	54,718	61,731	0
Provision (Recovery) for Credit Losses on Loans	(364)	(7,013)	10,454
Charge-offs	0	0	0
Recoveries	0	0	0
Net (Charge-offs) / Recoveries	0	0	0
Balance, End of Year	$ 54,354	$ 54,718	61,731
Other | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, Beginning of Year			$ 51,277

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Financial Assets Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Securities Available-for-Sale	$ 779,003	$ 836,273
Derivatives	$ 17,437	$ 22,973
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Liabilities
Derivatives	$ 17,225	$ 22,542
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
U.S. Treasury Securities
Assets
Securities Available-for-Sale		$ 17,866
U.S. Government Agency Securities
Assets
Securities Available-for-Sale	$ 43,827	49,764
Residential Mortgage-Backed Securities
Assets
Securities Available-for-Sale	99,150	103,685
Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	31,163	34,675
Other Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	21,856	22,399
Asset Backed Securities
Assets
Securities Available-for-Sale	140,006	141,383
Collateralized Mortgage Obligations
Assets
Securities Available-for-Sale	161,533	176,622
States and Political Subdivisions
Assets
Securities Available-for-Sale	222,108	228,146
Corporate Notes
Assets
Securities Available-for-Sale	59,360	61,733
Fair Value, Recurring
Assets
Securities Available-for-Sale	779,003	836,273
Derivatives	17,440	22,974
Total	796,443	859,247
Liabilities
Derivatives	17,228	22,543
Total	17,228	22,543
Fair Value, Recurring | U.S. Treasury Securities
Assets
Securities Available-for-Sale		17,866
Fair Value, Recurring | U.S. Government Agency Securities
Assets
Securities Available-for-Sale	43,827	49,764
Fair Value, Recurring | Residential Mortgage-Backed Securities
Assets
Securities Available-for-Sale	99,150	103,685
Fair Value, Recurring | Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	31,163	34,675
Fair Value, Recurring | Other Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	21,856	22,399
Fair Value, Recurring | Asset Backed Securities
Assets
Securities Available-for-Sale	140,006	141,383
Fair Value, Recurring | Collateralized Mortgage Obligations
Assets
Securities Available-for-Sale	161,533	176,622
Fair Value, Recurring | States and Political Subdivisions
Assets
Securities Available-for-Sale	222,108	228,146
Fair Value, Recurring | Corporate Notes
Assets
Securities Available-for-Sale	59,360	61,733
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1)
Assets
Securities Available-for-Sale	0	25,400
Derivatives	0	0
Total	0	25,400
Liabilities
Derivatives	0	0
Total	0	0
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | U.S. Treasury Securities
Assets
Securities Available-for-Sale		17,866
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | U.S. Government Agency Securities
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | Residential Mortgage-Backed Securities
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | Other Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	0	2,538
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | Asset Backed Securities
Assets
Securities Available-for-Sale	0	4,996
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | Collateralized Mortgage Obligations
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | States and Political Subdivisions
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1) | Corporate Notes
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2)
Assets
Securities Available-for-Sale	771,684	803,356
Derivatives	17,440	22,974
Total	789,124	826,330
Liabilities
Derivatives	17,228	22,543
Total	17,228	22,543
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | U.S. Treasury Securities
Assets
Securities Available-for-Sale		0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | U.S. Government Agency Securities
Assets
Securities Available-for-Sale	43,827	49,764
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Residential Mortgage-Backed Securities
Assets
Securities Available-for-Sale	99,150	103,685
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	31,163	34,675
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Other Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	21,856	19,861
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Asset Backed Securities
Assets
Securities Available-for-Sale	140,006	136,387
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Collateralized Mortgage Obligations
Assets
Securities Available-for-Sale	161,533	176,622
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | States and Political Subdivisions
Assets
Securities Available-for-Sale	222,108	228,146
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Corporate Notes
Assets
Securities Available-for-Sale	52,041	54,216
Fair Value, Recurring | Significant Unobservable Inputs (Level 3)
Assets
Securities Available-for-Sale	7,319	7,517
Derivatives	0	0
Total	7,319	7,517
Liabilities
Derivatives	0	0
Total	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | U.S. Treasury Securities
Assets
Securities Available-for-Sale		0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | U.S. Government Agency Securities
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Residential Mortgage-Backed Securities
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Other Commercial Mortgage-Backed Securities
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Asset Backed Securities
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Collateralized Mortgage Obligations
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | States and Political Subdivisions
Assets
Securities Available-for-Sale	0	0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Corporate Notes
Assets
Securities Available-for-Sale	$ 7,319	$ 7,517

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans with specific valuation allowance	$ 247,600,000
OREO	2,463,000	$ 8,393,000	$ 10,916,000	$ 15,722,000
Fair value closed transferred to OREO	1,400,000
OREO Write down	1,100,000	700,000
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans with specific valuation allowance	0	2,649,000
Related allowance	54,300,000	700,000
OREO	2,463,000	8,393,000
Significant Unobservable Inputs (Level 3) | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans with specific valuation allowance	0	2,649,000
OREO	$ 2,463,000	$ 8,393,000
Significant Unobservable Inputs (Level 3) | Corporate Notes | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of securities | security	2	2
Fair value level 3 security	$ 7,300,000	$ 7,500,000
Change in fair value	$ (200,000)

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	$ 2,463,000	$ 8,393,000	$ 10,916,000	$ 15,722,000
Individually Evaluated Loans	247,600,000
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	2,463,000	8,393,000
Individually Evaluated Loans	0	2,649,000
Fair Value, Nonrecurring | Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	0	0
Individually Evaluated Loans	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	0	0
Individually Evaluated Loans	0	0
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	2,463,000	8,393,000
Individually Evaluated Loans	$ 0	$ 2,649,000

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Assets Measured at Fair Value on Nonrecurring Basis, Valuation Techniques (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans	$ 247,600,000
OREO	$ 2,463,000	$ 8,393,000	$ 10,916,000	$ 15,722,000
Appraisals | Estimated Selling Costs | OREO 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input	0.060	0.100
Appraisals | Estimated Selling Costs | OREO 1 | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input	0.060	0.100
Internal Valuations | Estimated Selling Costs | OREO 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input	0.050	0.050
Internal Valuations | Estimated Selling Costs | OREO 2 | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input	0.050	0.050
Discounted Internal Valuations | Management's Discount & Estimated Selling Costs | Individually Evaluated Loans 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans, measurement input		0.142
Discounted Internal Valuations | Management's Discount & Estimated Selling Costs | Individually Evaluated Loans 1 | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans, measurement input		0.142
Discounted Internal Valuations | Management's Discount & Estimated Selling Costs | OREO 3 | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input		0
Discounted Internal Valuations | Management's Discount & Estimated Selling Costs | OREO 3 | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input		0.050
Discounted Internal Valuations | Management's Discount & Estimated Selling Costs | OREO 3 | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input		0.007
Discounted Internal Valuations | Management's Subject Discount | OREO 3 | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input	0
Discounted Internal Valuations | Management's Subject Discount | OREO 3 | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input	0.240
Discounted Internal Valuations | Management's Subject Discount | OREO 3 | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO, measurement input	0.156
Discounted Appraisals | Estimated Selling Costs | Individually Evaluated Loans 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans, measurement input		0.060
Discounted Appraisals | Estimated Selling Costs | Individually Evaluated Loans 2 | Weighted Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans, measurement input		0.060
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans	$ 0	$ 2,649,000
OREO	2,463,000	8,393,000
Fair Value | Individually Evaluated Loans 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans		858,000
Fair Value | Individually Evaluated Loans 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually Evaluated Loans		1,791,000
Fair Value | OREO 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	130,000	7,323,000
Fair Value | OREO 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	142,000	143,000
Fair Value | OREO 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	$ 2,191,000	$ 927,000

FAIR VALUE MEASUREMENTS - Sch_3

FAIR VALUE MEASUREMENTS - Schedule of Financial Instruments, Carrying Values and Estimated Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial Assets:
Securities Available-for-Sale	$ 779,003	$ 836,273
Federal Home Loan Bank Stock, at Cost	21,626	9,740
Carrying Value
Financial Assets:
Cash and Cash Equivalents	54,529	46,869
Securities Available-for-Sale	779,003	836,273
Portfolio Loans, net	3,408,858	3,055,061
Federal Home Loan Bank Stock, at Cost	21,626	9,740
Other Assets- Interest Rate Derivatives	17,440	22,974
Accrued Interest Receivable	18,877	19,346
Financial Liabilities:
Deposits	3,721,915	3,632,538
Other Liabilities- Interest Rate Derivatives	17,228	22,543
FHLB Borrowings	393,400	180,550
Federal Funds Purchased	0	17,870
Accrued Interest Payable	7,288	2,294
Estimate of Fair Value Measurement
Financial Assets:
Cash and Cash Equivalents	54,529	46,869
Securities Available-for-Sale	779,003	836,273
Portfolio Loans, net	3,177,715	2,955,489
Other Assets- Interest Rate Derivatives	17,440	22,974
Accrued Interest Receivable	18,877	19,346
Financial Liabilities:
Deposits	3,734,307	3,635,671
Other Liabilities- Interest Rate Derivatives	17,228	22,543
FHLB Borrowings	392,696	180,569
Federal Funds Purchased	0	17,870
Accrued Interest Payable	7,288	2,294
Estimate of Fair Value Measurement | Level 1
Financial Assets:
Cash and Cash Equivalents	39,676	42,364
Securities Available-for-Sale	0	25,400
Portfolio Loans, net	0	0
Federal Home Loan Bank Stock, at Cost	0	0
Other Assets- Interest Rate Derivatives	0	0
Accrued Interest Receivable	0	138
Financial Liabilities:
Deposits	685,218	705,539
Other Liabilities- Interest Rate Derivatives	0	0
FHLB Borrowings	0	0
Federal Funds Purchased	0
Accrued Interest Payable	0	0
Estimate of Fair Value Measurement | Level 2
Financial Assets:
Cash and Cash Equivalents	14,853	4,505
Securities Available-for-Sale	771,684	803,356
Portfolio Loans, net	0	0
Federal Home Loan Bank Stock, at Cost	0	0
Other Assets- Interest Rate Derivatives	17,440	22,974
Accrued Interest Receivable	5,368	4,903
Financial Liabilities:
Deposits	1,450,046	1,665,473
Other Liabilities- Interest Rate Derivatives	17,228	22,543
FHLB Borrowings	0	0
Federal Funds Purchased	0	17,870
Accrued Interest Payable	0	0
Estimate of Fair Value Measurement | Level 3
Financial Assets:
Cash and Cash Equivalents	0	0
Securities Available-for-Sale	7,319	7,517
Portfolio Loans, net	3,177,715	2,955,489
Other Assets- Interest Rate Derivatives	0	0
Accrued Interest Receivable	13,509	14,305
Financial Liabilities:
Deposits	1,599,043	1,264,659
Other Liabilities- Interest Rate Derivatives	0	0
FHLB Borrowings	392,696	180,569
Federal Funds Purchased	0
Accrued Interest Payable	$ 7,288	$ 2,294

RIGHT-OF-USE (_ROU_) ASSETS A_3

RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 lease
Leases [Abstract]
Number of lease contracts	7
Number of finance leases	5
Number of operating leases	2
Number of new lease agreements	1

RIGHT-OF-USE (_ROU_) ASSETS A_4

RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES - Lease, Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lease, Cost [Abstract]
Operating Lease Expense	$ 48	$ 0	$ 0
Amortization of ROU Assets - finance leases	365	374	234
Interest on lease liabilities - finance leases	292	287	156
Total Lease Expense	705	661	390
Operating Leases
ROU assets	$ 419	$ 0
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Operating cash flows	$ 87	$ 0
Finance Leases
ROU assets	$ 6,988	$ 6,306
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Operating cash flows	$ 292	$ 287
Financing cash flows	$ 185	$ 201
Weighted Average Lease Term - Years
Operating leases	3 years 3 months 18 days
Finance leases	17 years 10 months 24 days	18 years 6 months
Weighted Average Discount Rate
Operating leases	6.60%	0%
Finance leases	5.20%	4.90%
ROU Assets Obtained In Exchange For Lease Liabilities [Abstract]
Operating leases	$ 0	$ 0
Finance leases	$ 1,464	$ 3,391	$ 2,027

RIGHT-OF-USE (_ROU_) ASSETS A_5

RIGHT-OF-USE (“ROU”) ASSETS AND LEASE LIABILITIES - Maturity Analysis Of Lease Liabilities For Finance And Operating Leases (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Finance
2024	$ 529
2025	540
2026	563
2027	577
2028	589
Thereafter	8,728
Total	11,526
Less: Present value discount	(4,239)
Lease Liabilities	$ 7,287
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Operating
2024	$ 167
2025	130
2026	107
2027	89
2028	0
Thereafter	0
Total	493
Less: Present value discount	(52)
Lease Liabilities	$ 441
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Total
2024	$ 696
2025	670
2026	670
2027	666
2028	589
Thereafter	8,728
Total	12,019
Less: Present value discount	(4,291)
Lease Liabilities	$ 7,728

PREMISES AND EQUIPMENT - Schedu

PREMISES AND EQUIPMENT - Schedule of Cost and Accumulated Depreciation of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	$ 115,160	$ 111,138
Accumulated Depreciation	(41,453)	(39,024)
Total	73,707	72,114
Land
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	18,826	19,703
Bank Premises
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	58,983	54,872
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	35,772	34,945
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Total Premises and Equipment	$ 1,579	$ 1,618

PREMISES AND EQUIPMENT - Narrat

PREMISES AND EQUIPMENT - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 73,707,000	$ 72,114,000
Depreciation expenses	6,200,000	6,100,000	$ 6,200,000
Impairment of long-lived assets to be disposed of	500,000	600,000	$ 3,200,000
Held-for-sale in OREO	2,300,000	1,100,000
Disposal Group, Held-for-sale, Not Discontinued Operations | Buildings and Equipment
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 0	$ 0

OTHER REAL ESTATE OWNED - Sched

OTHER REAL ESTATE OWNED - Schedule of Other Real Estate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Real Estate [Roll Forward]
Beginning of Year Balance	$ 8,393	$ 10,916	$ 15,722
Loans Transferred to OREO	110	74	59
Transfer of Closed Retail Offices to OREO	1,854	2,675	12,013
Capitalized Expenditures	0	0	0
Direct Write-Downs	(1,117)	(741)	(3,472)
Cash Proceeds from Pay-downs	(397)	(422)	(452)
Sales of OREO	(6,380)	(4,109)	(12,954)
End of Year Balance	$ 2,463	$ 8,393	$ 10,916

OTHER REAL ESTATE OWNED - Narra

OTHER REAL ESTATE OWNED - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Real Estate [Line Items]
Repossessed assets	$ 200	$ 7,300	$ 9,900
Mortgage loans in process of foreclosure	2,000	900
Residential Real Estate
Real Estate [Line Items]
Investment in foreclosed residential real estate	62	133
Mortgage loans in process of foreclosure	$ 2,000	$ 900

OTHER REAL ESTATE OWNED - Sch_2

OTHER REAL ESTATE OWNED - Schedule of Income and Expenses Related to Foreclosed Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Provision for Losses	$ 1,117	$ 741	$ 3,472
Operating Expenses, net of Rental Income	178	293	317
Net (Gain) Loss on Sales	(17)	(309)	150
OREO Expense	$ 1,278	$ 725	$ 3,939

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivative Assets and Liabilities (Details) $ in Thousands	Dec. 31, 2023 USD ($) transaction	Dec. 31, 2022 USD ($) transaction
Derivative Asset [Abstract]
Fair Value	$ 17,437	$ 22,973
Derivative Liability [Abstract]
Fair Value	$ 17,225	$ 22,542
Not Designated as Hedging Instrument
Derivative Asset [Abstract]
Number of Transactions | transaction	61	63
Notional Amount	$ 387,454	$ 433,184
Fair Value	$ 17,440	$ 22,974
Derivative Liability [Abstract]
Number of Transactions | transaction	61	63
Notional Amount	$ 387,454	$ 433,184
Fair Value	$ 17,228	$ 22,543
Not Designated as Hedging Instrument | Interest Rate Lock Commitments – Mortgage Loans
Derivative Asset [Abstract]
Number of Transactions | transaction	3	1
Notional Amount	$ 310	$ 200
Fair Value	$ 3	$ 1
Not Designated as Hedging Instrument | Forward Sale Contracts – Mortgage Loans
Derivative Liability [Abstract]
Number of Transactions | transaction	3	1
Notional Amount	$ 310	$ 200
Fair Value	$ 3	$ 1
Not Designated as Hedging Instrument | Interest Rate Swap Contracts – Commercial Loans
Derivative Asset [Abstract]
Number of Transactions | transaction	58	62
Notional Amount	$ 387,144	$ 432,984
Fair Value	$ 17,437	$ 22,973
Derivative Liability [Abstract]
Number of Transactions | transaction	58	62
Notional Amount	$ 387,144	$ 432,984
Fair Value	$ 17,225	$ 22,542

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Income (Loss) Recognized in Consolidated Statement of Income (Loss) on Derivatives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Total Derivative (Loss) Income	$ (219)	$ 605	$ 89
Interest Rate Lock Commitments – Mortgage Loans
Derivative [Line Items]
Total Derivative (Loss) Income	2	1	0
Forward Sale Contracts – Mortgage Loans
Derivative [Line Items]
Total Derivative (Loss) Income	(2)	(1)	0
Interest Rate Swap Contracts – Commercial Loans
Derivative [Line Items]
Total Derivative (Loss) Income	$ (219)	$ 605	$ 89

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Offsetting Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Asset Derivatives (Included in Other Assets)
Gross Amounts Recognized	$ 17,437	$ 22,973
Gross Amounts Offset	0	0
Net Amounts Presented in the Consolidated Balance Sheets	17,437	22,973
Gross Amounts Not Offset	0	0
Net Amount	17,437	22,973
Liability Derivatives (Included in Other Liabilities)
Gross Amounts Recognized	17,225	22,542
Gross Amounts Offset	0	0
Net Amounts Presented in the Consolidated Balance Sheets	17,225	22,542
Gross Amounts Not Offset	0	0
Net Amount	$ 17,225	$ 22,542

DEPOSITS - Schedule of Deposits

DEPOSITS - Schedule of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
Noninterest-Bearing Demand	$ 685,218	$ 705,539
Interest-Bearing Demand	481,506	496,948
Money Market	513,664	484,238
Savings	454,876	684,287
Time Deposits	1,586,651	1,261,526
Total Deposits	$ 3,721,915	$ 3,632,538

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
Time deposits, at or above FDIC insurance limit	$ 305,000,000	$ 159,000,000
Brokered deposits	70,000,000	0
Overdraft reclassified to loans	300,000	300,000
Deposits with related parties	$ 1,800,000	$ 2,900,000

DEPOSITS - Schedule of Maturiti

DEPOSITS - Schedule of Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
2024	$ 1,203,944
2025	238,056
2026	71,063
2027	34,037
2028	38,548
Thereafter	1,003
Total	$ 1,586,651	$ 1,261,526

FEDERAL HOME LOAN BANK BORROW_3

FEDERAL HOME LOAN BANK BORROWINGS AND FEDERAL FUNDS PURCHASED - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) financialInstitution	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Total FHLB Borrowings	$ 393,400,000	$ 180,550,000	$ 7,000,000
Maximum amount available, percentage of total assets	25%
Maximum borrowing capacity	$ 1,100,000,000
FHLB Availability	$ 480,266,000	676,746,000	667,307,000
Number of financial institutions entity has unsecured facilities with | financialInstitution	3
Unsecured facilities amount with financial institutions	$ 50,000,000
Federal funds purchased	0	17,870,000	$ 0
Loans Receivable
Debt Instrument [Line Items]
Assets pledged as collateral	1,500,000,000	1,500,000,000
Debt Securities Available For Sale
Debt Instrument [Line Items]
Assets pledged as collateral	$ 0	$ 0

FEDERAL HOME LOAN BANK BORROW_4

FEDERAL HOME LOAN BANK BORROWINGS AND FEDERAL FUNDS PURCHASED - Schedule of Long-term Borrowings (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
FHLB Borrowings	$ 393,400,000	$ 180,550,000	$ 7,000,000
Weighted Average Interest Rate	5.20%	4.48%	1.61%
Interest Expense	$ 20,822,000	$ 1,163,000	$ 313,000
FHLB Availability	480,266,000	676,746,000	667,307,000
Federal Funds Purchased	$ 0	$ 17,870,000	$ 0
Weighted Average Interest Rate	0%	4.65%	0%
Interest Expense	$ 368,000	$ 188,000	$ 0
Federal Funds Purchased Availability	$ 50,000,000	$ 127,130,000	$ 145,000,000

FEDERAL HOME LOAN BANK BORROW_5

FEDERAL HOME LOAN BANK BORROWINGS AND FEDERAL FUNDS PURCHASED - Schedule of Maturities and Weighted Average Interest Rates (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balance
2024	$ 323,400
2025	25,000
2026	45,000
2027	0
2028	0
Thereafter	0
Total FHLB Borrowings	$ 393,400	$ 180,550	$ 7,000
Weighted Average Rate
2024	5.46%
2025	4.13%
2026	3.96%
2027	0%
2028	0%
Thereafter	0%
Total FHLB Borrowings	5.20%	4.48%	1.61%

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details)		1 Months Ended	12 Months Ended
	Jan. 01, 2018 USD ($)	Apr. 30, 2017 payment	Dec. 31, 2023 USD ($) hour	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2019
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Vesting percent			100%
Deferred Profit Sharing
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Employee minimum working hours | hour			1,000
Vesting percent			100%
Maximum contractual term			5 years
Contributions to the plan			$ 400,000	$ 1,000,000	$ 900,000
Maximum contribution, percent						0.04
Matching deferral expense			1,400,000	1,300,000	$ 1,300,000
Deferred Profit Sharing | Nonqualified Deferred Compensation Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Value of the plan			447,800	$ 269,600
Deferred Profit Sharing | Chief Executive Officer | Nonqualified Profit Sharing Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Value of the plan			$ 600,000
Number of quarterly payments | payment		45
Quarterly distribution paid	$ 30,000
Deferred Profit Sharing | First Three Percent
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Matching percent of contribution, employer						1
Percent of deferred employee gross pay						0.03
Deferred Profit Sharing | Next Two Percent
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Matching percent of contribution, employer						0.50
Percent of deferred employee gross pay						0.02
Non-Elective
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Requisite service period			6 months
Elective
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Requisite service period			1 month

EMPLOYEE BENEFIT PLANS - Schedu

EMPLOYEE BENEFIT PLANS - Schedule of Vesting (Details)	12 Months Ended
	Dec. 31, 2023
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Vesting percent	100%
1 Year of Service
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Vesting percent	20%
2 Years of Service
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Vesting percent	40%
3 Years of Service
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Vesting percent	60%
4 Years of Service
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Vesting percent	80%

INCENTIVE AND RESTRICTED STOC_3

INCENTIVE AND RESTRICTED STOCK PLAN - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
	Jun. 27, 2018	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price (in usd per share)			$ 15.81
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		137,097	127,355
Compensation expense		$ 1.6	$ 1.3	$ 1
Unrecognized compensation cost		$ 2.1	$ 1.6
Unrecognized compensation cost, period for recognition		2 years 3 days	2 years 3 months 18 days
Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	2,000,000
Vesting period	1 year
Performance period	1 year
Plan expiration period	10 years
Number of shares available for issuance (in shares)		1,538,804
Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year	1 year
Granted (in shares)		478,969
Plan | Restricted Stock | Key Associates
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years	3 years
Granted (in shares)		116,325	108,855
Plan | Restricted Stock | Key Associates | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%	33.33%
Plan | Restricted Stock | Key Associates | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%	33.33%
Plan | Restricted Stock | Key Associates | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%
Plan | Restricted Stock | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		20,772	18,500
Plan | Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		70 days
Granted (in shares)		0	27,848
Compensation expense		$ (0.3)	$ 0.3
Performance units targeted percentage		110%
Performance units performance period		3 years

INCENTIVE AND RESTRICTED STOC_4

INCENTIVE AND RESTRICTED STOCK PLAN - Schedule of Information about Restricted Stock (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restricted Shares
Beginning balance (in shares)	160,197	113,635
Granted (in shares)	137,097	127,355
Forfeited/Vested (in shares)	(78,183)	(80,793)
Ending balance (in shares)	219,111	160,197
Weighted Average Grant Date Fair Value
Beginning balance (in usd per share)	$ 16.05	$ 14.80
Granted (in usd per share)	15.56	16.50
Forfeited (in shares)	16.24	15.01
Ending balance (in usd per share)	$ 15.67	$ 16.05

FEDERAL AND STATE INCOME TAXE_2

FEDERAL AND STATE INCOME TAXES - Schedule of Components of Provision for Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current	$ 4,969	$ 7,969	$ 994
Deferred	(516)	3,939	3,643
Change in Valuation Allowance	884	(309)	(529)
Income Tax Provision	$ 5,337	$ 11,599	$ 4,108

FEDERAL AND STATE INCOME TAXE_3

FEDERAL AND STATE INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amount
Federal Income Tax at Statutory Rate	$ 6,031	$ 12,961	$ 7,497
State Income Tax, net of Federal Benefit	445	657	20
Tax-exempt Interest, net of Disallowance	(708)	(873)	(1,131)
Federal Tax Credits, net of Basis Reduction	(2,365)	(625)	(1,559)
Change in Valuation Allowance	884	(309)	(529)
Income from Bank Owned Life Insurance	(290)	(285)	(290)
Tax Credit Amortization	1,660	0	0
Other	(320)	73	100
Income Tax Provision	$ 5,337	$ 11,599	$ 4,108
Percent
Federal Income Tax at Statutory Rate	21%	21%	21%
State Income Tax, net of Federal Benefit	1.50%	1.10%	0.10%
Tax-exempt Interest, net of Disallowance	(2.50%)	(1.40%)	(3.20%)
Federal Tax Credits, net of Basis Reduction	(8.20%)	(1.00%)	(4.40%)
Change in Valuation Allowance	3.10%	(0.50%)	(1.50%)
Income from Bank Owned Life Insurance	(1.00%)	(0.50%)	(0.80%)
Tax Credit Amortization	5.80%	0%	0%
Other	(1.10%)	0.10%	0.30%
Income Tax Provision and Effective Income Tax Rate	18.60%	18.80%	11.50%

FEDERAL AND STATE INCOME TAXE_4

FEDERAL AND STATE INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Tax Contingency [Line Items]
Valuation allowance	$ 884	$ 0
HTC Program Investments
Income Tax Contingency [Line Items]
Equity investments recognized	$ 1,800

FEDERAL AND STATE INCOME TAXE_5

FEDERAL AND STATE INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets
Allowance for Credit Losses	$ 21,576	$ 20,671
Net Unrealized Loss on Available-for-sale Securities	20,104	23,818
Valuation Adjustments on Other Real Estate Owned	0	649
Capital Loss Carryforward	1,143	0
Operating Lease Liabilities	1,718	1,451
Other	1,797	2,250
Gross Deferred Tax Assets	46,338	48,839
Less: Valuation Allowance	(884)	0
Total Deferred Tax Assets	45,454	48,839
Deferred Tax Liabilities
Fixed Asset Depreciation	(4,409)	(4,523)
Acquisition-Related Fair Value Adjustments	(2,686)	(2,737)
Deferred Loan Income	(1,607)	(1,800)
Operating Lease Right-of-Use Assets	(1,647)	(1,389)
Equity Investment in Partnerships	(480)	(113)
Other	(437)	(312)
Total Deferred Tax Liabilities	(11,266)	(10,874)
Net Deferred Tax Assets	$ 34,188	$ 37,965

TAX EFFECTS ON OTHER COMPREHE_3

TAX EFFECTS ON OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Pre-Tax Amount	$ 17,891	$ (111,588)	$ (17,746)
Other Comprehensive Income (Loss), Tax (Expense) Benefit	(3,714)	24,270	3,727
Other Comprehensive Income (Loss):	14,177	(87,318)	(14,019)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net Unrealized Gains (Losses) Arising during the Period, Pre-Tax Amount	16,370	(111,542)	(10,877)
Net Unrealized Gains (Losses) Arising during the Period, Tax (Expense) Benefit	(3,398)	24,261	2,284
Net Unrealized Gains (Losses) Arising during the Period, Net of Tax Amount	12,972	(87,281)	(8,593)
Reclassification Adjustment for Gains (Losses) included in Net Income, Pre-Tax Amount	1,521	(46)	(6,869)
Reclassification Adjustment for Gains (Losses) included in Net Income, Tax (Expense) Benefit	(316)	9	1,443
Reclassification Adjustment for Gains (Losses) included in Net Income, Net of Tax Amount	$ 1,205	$ (37)	$ (5,426)

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Thousands				12 Months Ended
	Feb. 12, 2024	Nov. 10, 2023	May 15, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Commitments to extend credit				$ 702,300	$ 630,600
Allowance for unfunded commitments expense				$ 901	509	$ (1,269)
Data processing contract term				10 years
Data processing expense				$ 3,920	4,051	$ 3,758
Bank Vs Justice Entities
Other Commitments [Line Items]
Litigation amount attempting to be recovered			$ 301,000
Bank Vs Collection Defendants | Collection Defendants | Minimum
Other Commitments [Line Items]
Litigation amount attempting to be recovered		$ 1,000,000
Bank Vs GLAS Trust Company LLC | GLAS | Subsequent Event
Other Commitments [Line Items]
Litigation amount attempting to be recovered	$ 226,000
Financial Standby Letter of Credit
Other Commitments [Line Items]
Guarantee, letter of credit outstanding				19,600	25,700
Construction
Other Commitments [Line Items]
Commitments to extend credit				$ 452,200	$ 373,200
Commitments to extend credit, percent to total				64.40%	59.20%
Unfunded Loan Commitment
Other Commitments [Line Items]
Allowance for unfunded commitments expense				$ 900	$ 500
Increase in unfunded commitments				$ 400

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Life-of-loss Reserve on Unfunded Loan Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Life-of-Loss Reserve on Unfunded Loan Commitments
Life-of-loss Reserve on Unfunded Loan Commitments, Beginning balance	$ 2,292	$ 1,783
Provision for Unfunded Commitments	901	509	$ (1,269)
Life-of-loss Reserve on Unfunded Loan Commitments, Ending balance	$ 3,193	$ 2,292	$ 1,783

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	$ 17,267	$ 18,332	$ 17,486
Total Noninterest Income	18,278	21,718	28,881
Service Charges on Deposit Accounts | At  a point in time
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	5,534	5,537	5,036
Other Fees and Other Income | At  a point in time
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	1,885	3,284	3,233
Debit Card Interchange Fees | At  a point in time
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	7,828	7,427	7,226
Customer Commissions | At  a point in time
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	131	104	91
Annual Commission on Investment | Over time
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	1,814	1,857	1,681
Special Production Payout | Over time
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	0	0	129
Other Real Estate Owned Income | At  a point in time
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	75	50	90
Gains on Sales and Write-downs of Bank Premises, net | At  a point in time
Disaggregation of Revenue [Line Items]
In-Scope Revenue Streams	0	73	0
(Losses) Gain on Sales of Securities, net
Disaggregation of Revenue [Line Items]
Out of Scope Revenue Streams	(1,521)	46	6,869
Bank Owned Life Insurance Income
Disaggregation of Revenue [Line Items]
Out of Scope Revenue Streams	1,381	1,357	1,380
Commercial Loan Swap Fee Income
Disaggregation of Revenue [Line Items]
Out of Scope Revenue Streams	139	774	2,416
Other
Disaggregation of Revenue [Line Items]
Out of Scope Revenue Streams	$ 1,012	$ 1,209	$ 730

PARENT COMPANY CONDENSED FINA_3

PARENT COMPANY CONDENSED FINANCIAL INFORMATION - Schedule of Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Other Assets	$ 114,238	$ 119,335
Total Assets	4,512,539	4,204,519
LIABILITIES
Other Liabilities	42,788	42,642
Total Shareholders’ Equity	351,243	328,627	$ 407,596	$ 440,174
Total Liabilities and Shareholders’ Equity	4,512,539	4,204,519
Carter Bankshares, Inc.
ASSETS
Cash	629	2,199
Investment in Bank Subsidiary	347,429	321,732
Other Assets	3,337	4,699
Total Assets	351,395	328,630
LIABILITIES
Other Liabilities	152	3
Total Shareholders’ Equity	351,243	328,627
Total Liabilities and Shareholders’ Equity	$ 351,395	$ 328,630

PARENT COMPANY CONDENSED FINA_4

PARENT COMPANY CONDENSED FINANCIAL INFORMATION - Schedule of Statements of Net Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Income Statements, Captions [Line Items]
Dividend Income	$ 1,456	$ 154	$ 121
Total Income	196,420	160,182	133,897
Income Tax Benefit	5,337	11,599	4,108
Net Income	23,384	50,118	31,590
Comprehensive Income (Loss)	37,561	(37,200)	17,571
Carter Bankshares, Inc.
Condensed Income Statements, Captions [Line Items]
Total Income	418	0	0
Total Expenses	(3,011)	(2,696)	(2,238)
Income Before Income Tax Benefit and Undistributed Net Income of Bank Subsidiary	11,436	42,681	3,762
Income Tax Benefit	(534)	(577)	(446)
Income Before Undistributed Net Income of Bank Subsidiary	11,970	43,258	4,208
Equity in Undistributed Net Income of Bank Subsidiary	11,414	6,860	27,382
Net Income	23,384	50,118	31,590
Comprehensive Income (Loss)	37,561	(37,200)	17,571
Carter Bankshares, Inc. | Investment, Affiliated Issuer
Condensed Income Statements, Captions [Line Items]
Dividend Income	$ 14,029	$ 45,377	$ 6,000

PARENT COMPANY CONDENSED FINA_5

PARENT COMPANY CONDENSED FINANCIAL INFORMATION - Schedule of Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net Income	$ 23,384	$ 50,118	$ 31,590
Adjustments to Reconcile Net Income to Net Cash Provided by
Stock Compensation Expense	1,561	1,314	1,040
Net Cash Provided By Operating Activities	46,730	70,791	77,538
INVESTING ACTIVITIES
Net Cash Used In Investing Activities	(307,011)	(382,071)	(106,355)
FINANCING ACTIVITIES
Repurchase of Common Stock	(16,416)	(42,927)	(157)
Net Cash Provided By Financing Activities	267,941	80,350	64,674
Net Increase (Decrease) in Cash and Cash Equivalents	7,660	(230,930)	35,857
Cash and Cash Equivalents at Beginning of Period	46,869	277,799	241,942
Cash and Cash Equivalents at End of Period	54,529	46,869	277,799
Carter Bankshares, Inc.
OPERATING ACTIVITIES
Net Income	23,384	50,118	31,590
Equity in Undistributed Net Income of Bank Subsidiary	(11,414)	(6,860)	(27,382)
Adjustments to Reconcile Net Income to Net Cash Provided by
Stock Compensation Expense	1,561	1,314	1,040
Decrease (Increase) in Other Assets	1,774	(3,778)	(571)
Decrease in Other Liabilities	(47)	(460)	0
Decrease in Intercompany Liability	0	0	(17)
Net Cash Provided By Operating Activities	15,258	40,334	4,660
INVESTING ACTIVITIES
Equity Investment in Non-Subsidiary, net of distributions	(412)	(350)
Net Cash Used In Investing Activities	(412)	(350)	0
FINANCING ACTIVITIES
Repurchase of Common Stock	(16,416)	(42,927)	(157)
Net Cash Provided By Financing Activities	(16,416)	(42,927)	(157)
Net Increase (Decrease) in Cash and Cash Equivalents	(1,570)	(2,943)	4,503
Cash and Cash Equivalents at Beginning of Period	2,199	5,142	639
Cash and Cash Equivalents at End of Period	$ 629	$ 2,199	$ 5,142

CAPITAL ADEQUACY - Schedule of

CAPITAL ADEQUACY - Schedule of Risk-Based Capital Amounts and Ratios (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Carter Bankshares, Inc.
Leverage Ratio
Actual Amount	$ 435,364	$ 439,606
Actual Ratio	0.0948	0.1029
Minimum Regulatory Capital Requirements Amount	$ 183,636	$ 170,906
Minimum Regulatory Capital Requirements Ratio	0.0400	0.0400
Common Equity Tier 1 (to Risk-Weighted Assets)
Actual Amount	$ 435,364	$ 439,606
Actual Ratio	0.1108	0.1261
Minimum Regulatory Capital Requirements Amount	$ 176,868	$ 156,936
Minimum Regulatory Capital Requirements Ratio	0.0450	0.0450
Tier 1 Capital (to Risk-Weighted Assets)
Actual Amount	$ 435,364	$ 439,606
Actual Ratio	0.1108	0.1261
Minimum Regulatory Capital Requirements Amount	$ 235,824	$ 209,248
Minimum Regulatory Capital Requirements Ratio	0.0600	0.0600
Total Capital (to Risk-Weighted Assets)
Actual Amount	$ 484,925	$ 483,450
Actual Ratio	0.1234	0.1386
Minimum Regulatory Capital Requirements Amount	$ 314,432	$ 278,997
Minimum Regulatory Capital Requirements Ratio	0.0800	0.0800
Carter Bank & Trust
Leverage Ratio
Actual Amount	$ 431,550	$ 432,711
Actual Ratio	0.0941	0.1013
Minimum Regulatory Capital Requirements Amount	$ 183,427	$ 170,857
Minimum Regulatory Capital Requirements Ratio	0.0400	0.0400
To be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 229,283	$ 213,571
To be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0500	0.0500
Common Equity Tier 1 (to Risk-Weighted Assets)
Actual Amount	$ 431,550	$ 432,711
Actual Ratio	0.1099	0.1242
Minimum Regulatory Capital Requirements Amount	$ 176,716	$ 156,722
Minimum Regulatory Capital Requirements Ratio	0.0450	0.0450
To be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 255,256	$ 226,376
To be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0650	0.0650
Tier 1 Capital (to Risk-Weighted Assets)
Actual Amount	$ 431,550	$ 432,711
Actual Ratio	0.1099	0.1242
Minimum Regulatory Capital Requirements Amount	$ 235,621	$ 208,962
Minimum Regulatory Capital Requirements Ratio	0.0600	0.0600
To be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 314,161	$ 278,617
To be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.0800	0.0800
Total Capital (to Risk-Weighted Assets)
Actual Amount	$ 481,070	$ 476,496
Actual Ratio	0.1225	0.1368
Minimum Regulatory Capital Requirements Amount	$ 314,161	$ 278,617
Minimum Regulatory Capital Requirements Ratio	0.0800	0.0800
To be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 392,702	$ 348,271
To be Well Capitalized Under Prompt Corrective Action Provisions Ratio	0.1000	0.1000

Uncategorized Items - care-2023

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]