Central Pacific Financial (CPF) 10-Q 28 Oct 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 19, 2020
Cover [Abstract]
Entity Interactive Data Current	Yes
Entity Address, Address Line One	220 South King Street
Document Transition Report	false
Document Quarterly Report	true
Entity Small Business	false
Title of 12(b) Security	Common stock, No Par Value
Entity Incorporation, State or Country Code	HI
Entity Registrant Name	CENTRAL PACIFIC FINANCIAL CORP
Entity Central Index Key	0000701347
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		28,179,798
Entity Tax Identification Number	99-0212597
Trading Symbol	CPF
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity File Number	001-31567
Entity Address, City or Town	Honolulu
Entity Address, State or Province	HI
Entity Address, Postal Zip Code	96813
City Area Code	808
Local Phone Number	544-0500
Entity Shell Company	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 89,665	$ 78,418
Interest-bearing deposits in other banks	5,489	24,554
Investment securities:
Available-for-sale debt securities, at fair value	1,166,319	1,126,983
Equity securities, at fair value	1,204	1,127
Total investment securities	1,167,523	1,128,110
Loans held for sale	23,962	9,083
Loans	5,030,626	4,449,540
Allowance for credit losses	(80,542)	(47,971)
Loans, net of allowance for credit losses	4,950,084	4,401,569
Premises and equipment, net	61,095	46,343
Accrued interest receivable	21,478	16,500
Investment in unconsolidated subsidiaries	30,239	17,115
Other real estate owned	128	164
Mortgage servicing rights	12,429	14,718
Bank-owned life insurance	161,743	159,656
Federal Home Loan Bank stock	17,468	14,983
Right-of-use lease asset	44,896	52,348
Other assets	61,943	49,111
Total assets	6,648,142	6,012,672
Deposits:
Noninterest-bearing demand	1,762,476	1,450,532
Interest-bearing demand	1,114,123	1,043,010
Savings and money market	1,881,104	1,600,028
Time	921,226	1,026,453
Total deposits	5,678,929	5,120,023
Short-term borrowings	206,000	150,000
Long-term debt	101,547	101,547
Lease liability	45,355	52,632
Other liabilities	72,369	59,950
Total liabilities	6,104,200	5,484,152
Equity
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none at September 30, 2020 and December 31, 2019	0	0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 28,179,798 at September 30, 2020 and 28,289,257 at December 31, 2019	442,635	447,602
Additional paid-in capital	94,336	91,611
Accumulated deficit	(16,609)	(19,102)
Accumulated other comprehensive income	23,541	8,409
Total shareholders' equity	543,903	528,520
Stockholders' Equity Attributable to Noncontrolling Interest	39	0
Total equity	543,942	528,520
Total liabilities and equity	$ 6,648,142	$ 6,012,672
Preferred Stock, No Par Value	$ 0	$ 0
Preferred stock, authorized shares	1,000,000	1,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized shares	185,000,000	185,000,000
Common stock, issued shares	28,179,798	28,289,257
Common stock, outstanding shares	28,179,798	28,289,257

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized shares	1,000,000	1,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized shares	185,000,000	185,000,000
Common stock, issued shares	28,179,798	28,289,257
Common stock, outstanding shares	28,179,798	28,289,257

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest income:
Interest and fees on loans	$ 45,751	$ 45,861	$ 137,870	$ 135,169
Interest and dividends on investment securities:
Taxable interest	5,233	7,178	18,300	22,968
Tax-exempt interest	621	708	1,888	2,388
Dividends	17	14	51	46
Interest on deposits in other banks	3	33	42	147
Dividends on Federal Home Loan Bank stock	128	186	366	508
Total interest income	51,753	53,980	158,517	161,226
Interest on deposits:
Demand	115	207	405	598
Savings and money market	417	1,549	2,102	3,847
Time	1,284	4,432	6,676	14,391
Interest on short-term borrowings	71	1,130	653	3,146
Interest on long-term debt	746	1,013	2,472	3,104
Total interest expense	2,633	8,331	12,308	25,086
Net interest income	49,120	45,649	146,209	136,140
Provision for credit losses	14,652	1,532	34,621	4,219
Net interest income after provision for credit losses	34,468	44,117	111,588	131,921
Other operating income:
Mortgage banking income	4,345	1,994	8,248	5,275
Service charges on deposit accounts	1,475	2,125	4,674	6,247
Other service charges and fees	3,345	3,894	11,158	11,018
Income from fiduciary activities	1,149	1,126	3,716	3,220
Equity in earnings of unconsolidated subsidiaries	104	86	234	165
Investment securities gains (losses)	(352)	36	(352)	36
Income from bank-owned life insurance	1,179	645	2,584	2,511
Net gain (loss) on sales of foreclosed assets	0	17	(6)	17
Other	318	343	885	3,544
Total other operating income	11,563	10,266	31,141	32,033
Other operating expense:
Salaries and employee benefits	20,729	20,631	61,698	61,083
Net occupancy	3,834	3,697	11,151	10,680
Equipment	1,234	1,067	3,374	3,211
Communication expense	856	1,008	2,467	2,645
Legal and professional services	2,262	1,933	6,528	5,231
Computer software expense	3,114	2,713	9,092	7,870
Advertising expense	1,020	711	3,035	2,134
Foreclosed asset expense	6	15	73	223
Other	3,917	3,159	12,221	12,312
Total other operating expense	36,972	34,934	109,639	105,389
Income before income taxes	9,059	19,449	33,090	58,565
Income tax expense	2,200	4,895	7,988	14,440
Net income	$ 6,859	$ 14,554	$ 25,102	$ 44,125
Per common share data:
Basic earnings per common share (in dollars per share)	$ 0.24	$ 0.51	$ 0.89	$ 1.54
Diluted earnings per common share (in dollars per share)	0.24	0.51	0.89	1.53
Cash dividends declared (in dollars per share)	$ 0.23	$ 0.23	$ 0.69	$ 0.67
Weighted average common shares outstanding used in computation:
Basic shares (in shares)	28,060,020	28,424,898	28,075,684	28,575,369
Diluted shares (in shares)	28,111,664	28,602,338	28,172,153	28,762,057

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 6,859	$ 14,554	$ 25,102	$ 44,125
Other comprehensive income (loss), net of tax:
Net change in unrealized gain (loss) on investment securities	(2,257)	4,386	14,165	27,547
Defined benefit plans	247	283	967	773
Total other comprehensive income (loss), net of tax	(2,010)	4,669	15,132	28,320
Comprehensive income	$ 4,849	$ 19,223	$ 40,234	$ 72,445

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Impact of the adoption of new accounting standards		Adjusted balance at beginning of period	Common Shares Outstanding	Common Stock	Common StockAdjusted balance at beginning of period	Additional Paid-In Capital	Additional Paid-In CapitalAdjusted balance at beginning of period	Accum. Deficit	Accum. DeficitImpact of the adoption of new accounting standards	Accum. DeficitAdjusted balance at beginning of period	Accum. Other Comp. Income (Loss)	Accum. Other Comp. Income (Loss)Impact of the adoption of new accounting standards	[1]	Accum. Other Comp. Income (Loss)Adjusted balance at beginning of period	Non- Controlling Interest	Non- Controlling InterestAdjusted balance at beginning of period
Increase (Decrease) in Shareholders' Equity
Adjusted balance (in shares)					28,967,715
Balance at beginning of period at Dec. 31, 2018	$ 491,725	$ (3,100)	[1]	$ 488,625		$ 470,660	$ 470,660	$ 88,876	$ 88,876	$ (51,718)		$ (51,718)	$ (16,093)	$ (3,100)		$ (19,193)	$ 0	$ 0
Balance (in shares) at Dec. 31, 2018					28,967,715
Increase (Decrease) in Shareholders' Equity
Net income	16,037									16,037
Other comprehensive income	11,238												11,238
Cash dividends declared	(6,052)									(6,052)
Common stock repurchased and retired and other related costs	(7,708)					(7,708)
Shares of common stock repurchased and other related costs (in shares)					(277,000)
Share-based compensation	498							498
Share-based compensation (in shares)					32,326
Balance at end of period at Mar. 31, 2019	502,638					462,952		89,374		(41,733)			(7,955)				0
Balance (in shares) at Mar. 31, 2019					28,723,041
Balance at beginning of period at Dec. 31, 2018	491,725	(3,100)	[1]	488,625		470,660	470,660	88,876	88,876	(51,718)		(51,718)	(16,093)	(3,100)		(19,193)	0	0
Balance (in shares) at Dec. 31, 2018					28,967,715
Increase (Decrease) in Shareholders' Equity
Net income	44,125
Other comprehensive income	28,320												28,320
Balance at end of period at Sep. 30, 2019	525,227					452,278		90,604		(26,782)			9,127				0
Balance (in shares) at Sep. 30, 2019					28,441,341
Balance at beginning of period at Dec. 31, 2018	491,725	(3,100)	[1]	488,625		470,660	470,660	88,876	88,876	(51,718)		(51,718)	(16,093)	$ (3,100)		(19,193)	0	0
Balance (in shares) at Dec. 31, 2018					28,967,715
Balance at end of period at Dec. 31, 2019	$ 528,520	(3,156)	[2]	525,364		447,602	447,602	91,611	91,611	(19,102)	$ (3,156)	(22,258)	8,409			8,409	0	0
Balance (in shares) at Dec. 31, 2019	28,289,257				28,289,257
Increase (Decrease) in Shareholders' Equity
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Balance at beginning of period at Mar. 31, 2019	$ 502,638					462,952		89,374		(41,733)			(7,955)				0
Balance (in shares) at Mar. 31, 2019					28,723,041
Increase (Decrease) in Shareholders' Equity
Net income	13,534									13,534
Other comprehensive income	12,413												12,413
Cash dividends declared	(6,581)									(6,581)
Common stock repurchased and retired and other related costs	(6,243)					(6,243)
Shares of common stock repurchased and other related costs (in shares)					(213,700)
Common stock purchased by directors' deferred compensation plan (net shares)	(416)					(416)
Share-based compensation	350							350									0
Share-based compensation (in shares)					58,436
Balance at end of period at Jun. 30, 2019	515,695					456,293		89,724		(34,780)			4,458				0
Balance (in shares) at Jun. 30, 2019					28,567,777
Increase (Decrease) in Shareholders' Equity
Net income	14,554									14,554
Other comprehensive income	4,669												4,669
Cash dividends declared	(6,556)									(6,556)
Common stock repurchased and retired and other related costs	(4,015)					(4,015)
Shares of common stock repurchased and other related costs (in shares)					(140,600)
Share-based compensation	880							880
Share-based compensation (in shares)					14,164
Balance at end of period at Sep. 30, 2019	525,227					452,278		90,604		(26,782)			9,127				0
Balance (in shares) at Sep. 30, 2019					28,441,341
Increase (Decrease) in Shareholders' Equity
Adjusted balance (in shares)					28,289,257
Balance at beginning of period at Dec. 31, 2019	$ 528,520	(3,156)	[2]	525,364		447,602	447,602	91,611	91,611	(19,102)	(3,156)	(22,258)	8,409			8,409	0	0
Balance (in shares) at Dec. 31, 2019	28,289,257				28,289,257
Increase (Decrease) in Shareholders' Equity
Net income	$ 8,326									8,326
Other comprehensive income	10,663												10,663
Cash dividends declared	(6,496)									(6,496)
Common stock repurchased and retired and other related costs	(4,749)					(4,749)
Shares of common stock repurchased and other related costs (in shares)					(206,802)
Share-based compensation	673							673
Share-based compensation (in shares)					32,898
Non-controlling interest	49																49
Balance at end of period at Mar. 31, 2020	533,830					442,853		92,284		(20,428)			19,072				49
Balance (in shares) at Mar. 31, 2020					28,115,353
Balance at beginning of period at Dec. 31, 2019	$ 528,520	$ (3,156)	[2]	$ 525,364		447,602	$ 447,602	91,611	$ 91,611	(19,102)	$ (3,156)	$ (22,258)	8,409			$ 8,409	0	$ 0
Balance (in shares) at Dec. 31, 2019	28,289,257				28,289,257
Increase (Decrease) in Shareholders' Equity
Net income	$ 25,102
Other comprehensive income	15,132												15,132
Balance at end of period at Sep. 30, 2020	$ 543,942					442,635		94,336		(16,609)			23,541				39
Balance (in shares) at Sep. 30, 2020	28,179,798				28,179,798
Balance at beginning of period at Mar. 31, 2020	$ 533,830					442,853		92,284		(20,428)			19,072				49
Balance (in shares) at Mar. 31, 2020					28,115,353
Increase (Decrease) in Shareholders' Equity
Net income	9,917									9,917
Other comprehensive income	6,479												6,479
Cash dividends declared	(6,475)									(6,475)
Common stock purchased by directors' deferred compensation plan (net shares)	(154)					(154)
Share-based compensation	723							723
Share-based compensation (in shares)					38,806
Non-controlling interest	(14)																(14)
Balance at end of period at Jun. 30, 2020	544,306					442,699		93,007		(16,986)			25,551				35
Balance (in shares) at Jun. 30, 2020					28,154,159
Increase (Decrease) in Shareholders' Equity
Net income	6,859									6,859
Other comprehensive income	(2,010)												(2,010)
Cash dividends declared	(6,482)									(6,482)
Common stock purchased by directors' deferred compensation plan (net shares)	(64)					(64)
Share-based compensation	1,329							1,329
Share-based compensation (in shares)					25,639
Non-controlling interest	4																4
Balance at end of period at Sep. 30, 2020	$ 543,942					$ 442,635		$ 94,336		$ (16,609)			$ 23,541				$ 39
Balance (in shares) at Sep. 30, 2020	28,179,798				28,179,798
[1]	(2) Represents the impact of the adoption of ASU 2017-12.
[2]	(1) Represents the impact of the adoption of Accounting Standards Update ("ASU") ASU 2016-13. See Note 2 to the consolidated financial statements for additional information.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Jun. 30, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.23	$ 0.23	$ 0.23
Common stock purchased by directors' deferred compensation plan, net shares (in shares)	4,200	8,800	14,600

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income	$ 25,102	$ 44,125
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	34,621	4,219
Depreciation and amortization of premises and equipment	4,628	4,628
Non-cash lease expense	176	220
Cash flows from operating leases	(4,743)	(4,663)
Loss on sale of other real estate, net of write-downs	70	138
Amortization of mortgage servicing rights	4,558	1,727
Net amortization and accretion of premium/discounts on investment securities	7,127	6,808
Share-based compensation expense	2,725	1,728
Net gain on sales of residential mortgage loans	(9,971)	(2,836)
Proceeds from sales of loans held for sale	287,924	152,684
Originations of loans held for sale	(292,832)	(150,217)
Equity in earnings of unconsolidated subsidiaries	(234)	(165)
Distributions from unconsolidated subsidiaries	225	175
Net increase in cash surrender value of bank-owned life insurance	(2,253)	(1,499)
Deferred income taxes	(6,953)	7,548
Net tax (expense) benefit from share-based compensation	(157)	209
Net change in other assets and liabilities	(9,955)	(12,309)
Net cash provided by operating activities	40,410	52,484
Cash flows from investing activities:
Proceeds from maturities of and calls on investment securities available-for-sale	237,632	194,626
Proceeds from sales of investment securities available-for-sale	86,508	53,935
Purchases of investment securities available-for-sale	(351,701)	(54,975)
Proceeds from sale of MasterCard stock	0	2,555
Net loan originations	(546,954)	(214,834)
Purchases of loan portfolios	(39,876)	(78,820)
Proceeds from sale of foreclosed loans/other real estate owned	94	0
Proceeds from bank-owned life insurance	166	0
Net purchases of premises, equipment and land	(19,380)	(3,438)
Net return of capital from unconsolidated subsidiaries	0	622
Contributions to unconsolidated subsidiaries	(2,936)	0
Net proceeds from redemption of (purchases of) FHLB stock	(2,485)	(538)
Net cash used in investing activities	(638,932)	(100,867)
Cash flows from financing activities:
Net increase in deposits	558,906	91,169
Proceeds from long-term debt	65,944	0
Repayments of long-term debt	(65,944)	(20,619)
Net increase in short-term borrowings	56,000	8,000
Cash dividends paid on common stock	(19,453)	(19,189)
Repurchases of common stock and other related costs	(4,749)	(17,966)
Net cash provided by financing activities	590,704	41,395
Net decrease in cash and cash equivalents	(7,818)	(6,988)
Cash and cash equivalents at beginning of period	102,972	102,186
Cash and cash equivalents at end of period	95,154	95,198
Cash paid during the period for:
Interest	14,988	24,735
Income taxes	15,803	17,601
Cash received during the period for:
Income taxes	0	0
Net change in common stock held by directors’ deferred compensation plan	218	416
Net reclassification of loans to foreclosed loans/other real estate owned	128	190
Net transfer of loans to loans held for sale	6,565	0
Net transfer of investment securities held-to-maturity to available-for-sale	0	(149,042)
Right-of-use lease assets obtained in exchange for lease liabilities	$ 0	$ 55,887

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements of Central Pacific Financial Corp. and Subsidiaries (herein referred to as the "Company," "we," "us" or "our") have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These interim condensed consolidated financial statements and notes should be read in conjunction with the Company's consolidated financial statements and notes thereto filed on Form 10-K for the fiscal year ended December 31, 2019. In the opinion of management, all adjustments necessary for a fair presentation have been made and include all normal recurring adjustments. Interim results of operations are not necessarily indicative of results to be expected for the year. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In January 2020, we acquired a 50% ownership interest in a mortgage loan origination and brokerage company, Oahu HomeLoans, LLC. The bank concluded that the investment meets the consolidation requirements under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, "Consolidation." The bank concluded that the entity meets the definition of a variable interest entity and that we are the primary beneficiary of the variable interest entity. Accordingly, the investment has been consolidated into our financial statements. We also have non-controlling equity investments in affiliates that are accounted for under the cost method and are included in investment in unconsolidated subsidiaries. Our investments in unconsolidated subsidiaries accounted for under the equity, proportional amortization and cost methods were $0.2 million, $28.4 million and $1.6 million, respectively, at September 30, 2020 and $0.2 million, $15.3 million and $1.6 million, respectively, at December 31, 2019. Our policy for determining impairment of these investments includes an evaluation of whether a loss in value of an investment is other than temporary. Evidence of a loss in value includes absence of an ability to recover the carrying amount of the investment or the inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. We perform impairment tests whenever indicators of impairment are present. If the value of an investment declines and it is considered other than temporary, the investment is written down to its respective fair value in the period in which this determination is made. The Company sponsors the Central Pacific Bank Foundation, which is not consolidated in the Company's financial statements. Risks and Uncertainties COVID-19 Pandemic In December 2019, a novel strain of coronavirus (“COVID-19”) was reported to have surfaced in Wuhan, China, and has since spread across the globe. In March 2020, the World Health Organization declared COVID-19 a global pandemic and the United States declared a National Public Health Emergency. The COVID-19 pandemic has severely impacted the level of economic activity in the local, national and global economies and financial markets. The pandemic has resulted in temporary closures of many businesses and the institution of social distancing and sheltering in place requirements in many states and communities. The Company and its customers have been adversely affected by the COVID-19 pandemic. The full extent to which the COVID - 19 pandemic negatively impacts the Company's business, results of operations, and financial condition, as well as its regulatory capital and liquidity ratios, is unknown at this time and will depend on future developments, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic. If the pandemic continues to be sustained, it may further adversely impact the Company and the State of Hawaii and impair the ability of the Company's customers to fulfill their contractual obligations to the Company. This could cause the Company to experience a material adverse effect on its business operations, asset valuations, financial condition, and results of operations. Material adverse effects may include all or a combination of losses in operations, higher provisions for credit losses and valuation impairments on the Company's investments, loans, mortgage servicing rights, deferred tax assets, or counter-party risk derivatives. Change in Operating Segments and Reclassifications In the first quarter of 2020, the Company reassessed the alignment of its reportable segments and combined its three reportable segments (Banking Operations, Treasury and All Others segments) into a single operating segment. We believe this change better reflects how the Company's Executive Committee, or its chief operating decision maker ("CODM"), manages, allocates resources and assesses performance of the activities of the Company. The Company also believes that this change is better aligned with how the Company's CODM manages its business. Segment results for 2019 have been reclassified to reflect the realignment of the Company’s reportable segments and be comparable to the segment results for 2020. This change in reportable segments did not have an impact on the Company's previously reported historical consolidated financial statements. Investment Securities Investments in debt securities are designated as trading, available-for-sale ("AFS"), or held-to-maturity ("HTM"). Investments in debt securities are designated as HTM only if we have the positive intent and ability to hold these securities to maturity. HTM securities are reported at amortized cost in the consolidated balance sheets. Trading securities are reported at fair value, with changes in fair value included in net income. Debt securities not classified as HTM or trading are classified as AFS and are reported at fair value, with net unrealized gains and losses, net of applicable taxes, excluded from net income and included in accumulated other comprehensive income (loss) ("AOCI"). Equity securities with readily determinable fair values are carried at fair value, with changes in fair value included in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. The Company classifies its investment securities portfolio into the following major security types: mortgage-backed securities ("MBS"), other debt securities and equity securities. The Company’s MBS portfolio is comprised primarily of residential MBS issued by United States of America ("U.S.") government entities and agencies. These securities are either explicitly or implicitly guaranteed by an agency of the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The remainder of the MBS portfolio are commercial MBS issued by U.S government entities and agencies (which there is no minimum credit rating), non-agency residential MBS (which shall meet a minimum credit rating of AAA) and non-agency commercial MBS (which shall meet a minimum credit rating of BBB and meet minimum internal credit guidelines). The Company’s other debt securities portfolio is comprised of obligations issued by U.S. government entities and agencies, obligations issued by states and political subdivisions (which shall meet a minimum credit rating of BBB), and corporate bonds (which shall meet a minimum credit rating of BBB-). Interest income on investment securities includes amortization of premiums and accretion of discounts. We amortize premiums to the earliest call date. We accrete discounts associated with investment securities using the effective interest method over the life of the respective security instrument. Gains and losses on the sale of investment securities are recorded on the trade date and determined using the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days delinquent. Interest accrued but not received for a security placed on non-accrual status is reversed against current period interest income. There were no investment securities on nonaccrual status as of September 30, 2020 and the Company did not reverse any accrued interest against interest income during the three and nine months ended September 30, 2020. Allowance for Credit Losses (“ACL”) for AFS Debt Securities AFS debt securities in an unrealized loss position are evaluated for impairment at least quarterly. For AFS debt securities in an unrealized loss position, the Company first assesses whether or not it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the investment security’s amortized cost basis is written down to fair value through net income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In conducting this assessment for debt securities in an unrealized loss position, management evaluates the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the investment security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in AOCI. Changes in the ACL are recorded as a provision for (or reversal of) credit losses. Losses are charged against the ACL when management believes the uncollectibility of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As of September 30, 2020, the declines in market values of our AFS debt securities were primarily attributable to changes in interest rates and volatility in the financial markets. Because we have no intent to sell securities in an unrealized loss position and it is not more likely than not that we will be required to sell such securities before recovery of its amortized cost basis, we do not believe a credit loss exists and an ACL was not recorded. The Company has made a policy election to exclude accrued interest receivable from the amortized cost basis of debt securities and report accrued interest receivable together with accrued interest on loans in the consolidated balance sheets. Accrued interest receivable on AFS debt securities totaled $4.2 million as of September 30, 2020. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. ACL for HTM Debt Securities Management measures expected credit losses on HTM debt securities on a collective basis by major security type. For pools of such securities with common risk characteristics, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources. Expected credit losses for these securities are estimated using a loss rate methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Expected credit loss on each security in the HTM portfolio that do not share common risk characteristics with any of the pools of debt securities is individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the recorded amortized cost basis of the security. Accrued interest on HTM debt securities is reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses. The Company did not have any HTM debt securities as of September 30, 2020. Federal Home Loan Bank Stock We are a member of the Federal Home Loan Bank of Des Moines (the "FHLB"). The bank is required to obtain and hold a specific number of shares of capital stock of the FHLB equal to the sum of a membership investment requirement and an activity-based investment requirement. The securities are reported at cost and are presented separately in the consolidated balance sheets. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost, net of the ACL. Amortized cost is the unpaid principal amount outstanding, net of unamortized purchase premiums and discounts, unamortized deferred loan origination fees and costs and cumulative principal charge-offs. Purchase premiums and discounts are generally amortized into interest income over the contractual terms of the underlying loans using the effective interest method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the life of the related loan as an adjustment to yield and are amortized using the interest method over the contractual term of the loan, adjusted for actual prepayments. Deferred loan fees and costs on loans paid in full are recognized as a component of interest income on loans. Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $17.3 million at September 30, 2020 and is reported together with accrued interest on AFS debt securities on the consolidated balance sheets. Upon adoption of ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” the Company made the accounting policy election to not measure an estimate of credit losses on accrued interest receivable as the Company writes off any uncollectible accrued interest receivable in a timely manner. The Company believes COVID-19 modified loans have distinct risk characteristics that cause them to be monitored and assessed for credit risk differently than their unmodified counterparts. Thus, in the third quarter of 2020, the Company elected to measure a reserve on the accrued interest receivable for loans on active payment forbearance or deferral. As a result, during the third quarter of 2020, the Company recorded a reserve of $0.2 million against accrued interest receivable with the offset recorded to provision for credit losses. Nonaccrual Loans The Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. Loans are generally placed on nonaccrual status when principal and/or interest payments are 90 days past due, or earlier should management determine that the borrowers will be unable to meet contractual principal and/or interest obligations, unless the loans are well-secured and in the process of collection. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income should management determine that the collectability of such accrued interest is doubtful. All subsequent receipts are applied to principal outstanding and no interest income is recognized unless the financial condition and payment record of the borrowers warrant such recognition and the loan is restored to accrual status. A nonaccrual loan may be restored to an accrual basis when principal and interest payments are current for a predetermined period, normally at least six months, and full payment of principal and interest is reasonably assured. Troubled Debt Restructuring (“TDR”) A loan is accounted for and reported as a TDR when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) the Company grants a concession to the borrower experiencing financial difficulty that it would not otherwise consider for a borrower or transaction with similar credit risk characteristics. A restructuring that results in only an insignificant delay in payment is not considered a concession. A delay may be considered insignificant if the payments subject to the delay are insignificant relative to the unpaid principal or collateral value and the contractual amount due, or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the debt’s original contractual maturity or original expected duration. TDRs that are performing and on accrual status as of the date of the modification remain on accrual status. TDRs that are nonperforming as of the date of modification generally remain as nonaccrual until the prospect of future payments in accordance with the modified loan agreement is reasonably assured, generally demonstrated when the borrower maintains compliance with the restructured terms for a predetermined period, normally at least six months. TDRs with temporary below-market concessions remain designated as a TDR regardless of the accrual or performance status until the loan is paid off. Expected credit losses are estimated on a collective (pool) basis when they share similar risk characteristics. If a TDR financial asset shares similar risk characteristics with other financial assets, it is evaluated with those other financial assets on a collective basis. If it does not share similar risk characteristics with other financial assets, it is evaluated individually. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed TDRs are evaluated to determine the required ACL using the same method as all other loans held for investment, except when the value of a concession cannot be measured using a method other than the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest rate of the loan. Based on the underlying risk characteristics, TDRs performing in accordance with their modified contractual terms may be collectively evaluated. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the COVID-19 pandemic and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the CARES Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as TDRs. The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. Section 4013 and the interagency guidance are being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. Future TDRs are indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic . ACL for Loans Under the current expected credit loss methodology, the ACL for loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Our policy is to charge off a loan in the period in which the loan is deemed to be uncollectible and all interest previously accrued but not collected is reversed against current period interest income. We consider a loan to be uncollectible when it is probable that a loss has been incurred and the Company can make a reasonable estimate of the loss. In these instances, the likelihood of and/or timeframe for recovery of the amount due is uncertain, weak, or protracted. Subsequent receipts, if any, are credited first to the remaining principal, then to the ACL for loans as recoveries, and finally to unaccrued interest. The ACL for loans represents management's estimate of all expected credit losses over the expected life of our existing loan portfolio. Management estimates the ACL balance using relevant available information about the collectability of cash flows, from internal and external sources, including historical information relating to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. When the Company is unable to forecast future economic events, management may revert to historical information. The Company's methodologies incorporate a reasonable and supportable forecast period of one year and revert to historical loss information on a straight-line basis over one year when its forecast is no longer deemed reasonable and supportable. The Company maintains an ACL at an appropriate level as of a given balance sheet date to absorb management’s best estimate of expected life of loan credit losses. Historical credit loss experience provides the basis for the Company’s expected credit loss estimate. Adjustments to historical loss information may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, or when historical asset terms do not reflect the contractual terms of the financial assets being evaluated. The ACL methodology may also consider other adjustments to address changes in conditions, trends, and circumstances such as local industry changes that could have a significant impact on the risk profile of the loan portfolio and provide for losses in the loan portfolio that may not be reflected and/or captured in the historical loss data. These factors include: lending policies, imprecision in forecasting future economic conditions, loan profile, lending staff, problem loan trends, loan review, collateral, credit concentration and other internal and external factors. The Company uses the Moody’s Analytics forecasting service for the economic forecast considered in its ACL methodology. The Moody’s Analytics forecast includes both National and Hawaii specific economic indicators. The Moody’s forecast is widely used in the industry and is reasonable and supportable. The Moody’s Analytics forecast is updated at least monthly and includes a variety of economic scenarios. Generally the Company will use the most recent consensus forecast from Moody’s as of the balance sheet date. During times of economic and market volatility or instability, the Company may include a qualitative factor for forecast imprecision that factors in other potential economic scenarios available by Moody’s Analytics or may apply overrides to its statistical models to enhance the reasonableness of its loss estimates. The ACL is measured on a collective or pool basis when similar risk characteristics exist. The Company segments its portfolio generally by Federal Financial Institutions Examination Council ("FFIEC") Call Report codes. Loan pools are further segmented by risk utilizing risk ratings or bands of payment delinquency (including TDR or non-accrual status), depending on what is most appropriate for each segment. Additional sub-segmentation may be utilized to identify groups of loans with unique risk characteristics relative to the rest of the portfolio. The Company relies on a third-party platform which offers multiple methodologies to measure historical life-of-loan losses. The Company has also developed statistical models internally to incorporate future economic conditions and forecast expected credit losses based on various macro-economic indicators such as unemployment and income levels. The Company has identified the following portfolio segments to measure the allowance for credit losses: Loan Segment Historical Lifetime Loss Method Historical Economic Reversion Method Construction Probability of Default/Loss Given Default ("PD/LGD") 2008-Present One Year One Year (straight-line basis) Commercial real estate Loss-Rate Migration 2008-Present Multi-family mortgage PD/LGD 2008-Present Commercial, financial and agricultural Loss-Rate Migration 2008-Present Home equity lines of credit Loss-Rate Migration 2008-Present Residential mortgage Loss-Rate Migration 2008-Present Consumer - other revolving Loss-Rate Migration 2008-Present Consumer - non-revolving Loss-Rate Migration 2008-Present Purchased Mainland portfolios (Dealer, Other consumer) Weighted-Average Remaining Maturity ("WARM") 2008-Present Below is a description and the risk characteristics of each segment: Construction loans Construction loans include both residential and commercial development projects. Each construction project is evaluated for economic viability and construction loans pose higher credit risks than typical secured loans. Financial strength of the borrower, completion risk (the risk that the project will not be completed on time and within budget) and geographic location are the predominant risk characteristics of this segment. Commercial real estate loans Commercial real estate loans are secured by commercial properties. The predominant risk characteristic of this segment is operating risk, which is the risk that the borrower will be unable to generate sufficient cash flows from the operation of the property. Interest rate conditions and the commercial real estate market through economic cycles also impact risk levels. Multi-family mortgage loans Multi-family mortgage loans can comprise multi-building properties with extensive amenities to a single building with no amenities. The primary risk characteristic of this segment is operating risk or the ability to generate sufficient rental cash flows from the operation of the property within the owner’s strategy and resources. Commercial, financial and agricultural loans Loans in this category consist primarily of term loans and lines of credit to small and middle-market businesses and professionals. The predominant risk characteristics of this segment are the cash flows of the business we lend to, global cash flows including guarantor liquidity, as well as economic and market conditions. The borrower’s business is typically regarded as the principal source of repayment, though our underwriting policy and practice generally requires secondary sources of support or collateral to mitigate risk. Paycheck Protection Program (“PPP”) loans are also in this category and are considered lower risk as they are guaranteed by the Small Business Administration (“SBA”) and may be forgivable in whole or in part in accordance with the requirements of the PPP. Home equity lines of credit Home equity lines of credit include fixed or floating interest rate loans and are secured by single-family owner-occupied primary residences in Hawaii. They are underwritten based on a minimum FICO score, maximum debt-to-income ratio, and maximum combined loan-to-value ratio. Home equity lines of credit are monitored based on credit score, delinquency, end of draw period and maturity. Residential mortgage loans Residential mortgage loans include fixed-rate and adjustable-rate loans primarily secured by single-family owner-occupied primary residences in Hawaii. Economic conditions such as unemployment levels, future changes in interest rates and other market factors impact the level of credit risk inherent in the portfolio. Consumer loans - other revolving This segment consists of consumer unsecured lines of credit. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Consumer loans - non-revolving This segment consists of consumer non-revolving loans, including dealer loans. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Purchased consumer portfolios Credit risk for purchased consumer loans is managed on a pooled basis. The predominant risk characteristics of purchased consumer loans include current and projected economic conditions, employment and income levels, and the quality of purchased consumer loans. Below is a description of the methodologies mentioned above: PD/LGD The PD/LGD calculation is based on a cohort methodology whereby loans in the same cohort are tracked over time to identify defaults and corresponding losses. PD/LGD analysis requires a portfolio segmented into pools, and we elected to then further sub-segment by risk characteristics such as Risk Rating, days past due, delinquency counters, TDR status and Nonaccrual status to measure losses accurately. PD measures the count or dollar amount of loans that defaulted in a given cohort. LGD measures the losses related to the loans that defaulted. Total loss rate is calculated using the formula ‘PD times LGD’. Migration Migration analysis is a cohort-based approach that measures cumulative net charge-offs over a defined time-horizon to calculate a loss rate that will be applied to the loan pool. Migration analysis requires the portfolio to be segmented into pools then further sub-segmented by risk characteristics such as risk rating, days past due, delinquency counters, TDR status and Nonaccrual status to measure loss rates accurately. The key inputs to run a migration analysis are the length and frequency of the migration period, the dates for the migration periods to start and the number of migration periods used for the analysis. For each migration period, the analysis will determine the outstanding balance in each segment and/or sub-segment at the start of each period. These loans will then be followed for the length of the migration period to identify the amount of associated charge-offs and recoveries. A loss rate for each migration period is calculated using the formula 'net charge-offs over the period divided by beginning loan balance. WARM Under the WARM methodology, lifetime losses are calculated by determining the remaining life of the loan pool and then applying a loss rate which includes a forecast component over this remaining life. The methodology considers historical loss experience as well as a loss forecast expectation to estimate credit losses for the remaining balance of the loan pool. The calculated loss rate is applied to the contractual term (adjusted for prepayments) to determine the loan pool’s current expected credit losses. Other If a loan ceases to share similar risk characteristics with other loans in its segment, it will be moved to a different pool sharing similar risk characteristics. Loans that do not share risk characteristics are evaluated on an individual basis based on the fair value of the collateral or other approaches such as discounted cash flow (“DCF”) techniques. Loans evaluated individually are not included in the collective evaluation. Determining the Term Expected credit losses are estimated over the contractual term of the loans and are adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, a

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Standards Adopted in 2020 On January 1, 2020, the Company adopted ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which replaces the incurred loss methodology (Allowance for Loan and Leases Losses or "ALLL") with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and HTM debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. In addition, ASC 326 made changes to accounting for AFS debt securities. One such change is to require credit losses to be presented as an allowance rather than a write-down on AFS debt securities if management intends to sell or believes that it is more likely than not they will be required to sell the debt security before recovery of the amortized cost basis. The Company adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for the reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable generally accepted accounting principles (“GAAP”). The Company recorded a net decrease to retained earnings (or a net increase to accumulated deficit) of $3.2 million as of January 1, 2020 for the cumulative effect of adopting ASU 2016-13. The transition adjustment includes increases of $3.6 million to the ACL for loans and $0.7 million to other liabilities, which includes the reserve for off-balance sheet credit exposures, offset by a $1.1 million increase to other assets for the related impact to net deferred tax assets. The following table illustrates the impact of ASC 326: January 1, 2020 (dollars in thousands) As Reported Pre-ASC 326 Impact of Assets: Allowance for credit losses on loans: Commercial, financial & industrial $ (7,509) $ (8,136) $ 627 Real estate: Construction (2,271) (1,792) (479) Residential mortgage (13,935) (13,327) (608) Home equity (2,592) (4,206) 1,614 Commercial mortgage (13,737) (11,113) (2,624) Consumer (11,493) (9,397) (2,096) Subtotal $ (51,537) $ (47,971) $ (3,566) Net deferred tax assets (included in other assets) $ 17,692 $ 16,541 $ 1,151 Liabilities: Reserve for off-balance sheet credit exposures (included in other liabilities) $ (2,012) $ (1,272) $ (740) Equity: Accumulated deficit $ 22,257 $ 19,102 $ 3,155 In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement." The ASU is part of the FASB's disclosure framework project to improve the effectiveness of disclosures in the notes to financial statements by facilitating clear communication of the information required by generally accepted accounting principles. The ASU modifies disclosure requirements on fair value measurements in Topic 820. The Company adopted ASU 2018-13 effective January 1, 2020. ASU 2018-13 did not have a material impact on disclosures in our consolidated financial statements. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the novel coronavirus pandemic ("COVID-19") and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as troubled debt restructurings (TDRs). The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. This interagency guidance is being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. Future TDRs are indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic . Impact of Other Recently Issued Accounting Pronouncements on Future Filings In August 2018, the FASB issued ASU 2018-14, "Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans." Like ASU 2018-13, this ASU is part of the FASB's disclosure framework project. This ASU modifies disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for the Company's reporting period beginning January 1, 2021. Early adoption is permitted. Based on preliminary evaluation, the ASU will not have a material impact on disclosures in our consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848)."

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES The amortized cost, gross unrealized gains and losses, fair value and related ACL on AFS debt securities are as follows: (dollars in thousands) Amortized Gross Gross Fair ACL September 30, 2020 Available-for-sale: Debt securities: States and political subdivisions $ 163,642 $ 5,239 $ (292) $ 168,589 $ — Corporate securities 50,318 471 (231) 50,558 — U.S. Treasury obligations and direct obligations of U.S Government agencies 35,115 41 (212) 34,944 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 743,786 20,395 (855) 763,326 — Commercial - U.S. Government agencies and sponsored entities 71,335 2,451 — 73,786 — Residential - Non-government agencies 27,525 1,185 (34) 28,676 — Commercial - Non-government agencies 44,814 1,641 (15) 46,440 — Total available-for-sale securities $ 1,136,535 $ 31,423 $ (1,639) $ 1,166,319 $ — The amortized cost, gross unrealized gains and losses and fair value of AFS debt securities are as follows: (dollars in thousands) Amortized Gross Gross Fair December 31, 2019 Available-for-sale: Debt securities: States and political subdivisions $ 119,755 $ 2,303 $ (40) $ 122,018 Corporate securities 30,277 252 — 30,529 U.S. Treasury obligations and direct obligations of U.S Government agencies 40,769 10 (398) 40,381 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 673,918 6,003 (2,099) 677,822 Commercial - U.S. Government agencies and sponsored entities 80,773 1,198 (746) 81,225 Residential - Non-government agencies 36,377 830 (16) 37,191 Commercial - Non-government agencies 134,676 3,141 — 137,817 Total available-for-sale securities $ 1,116,545 $ 13,737 $ (3,299) $ 1,126,983 The amortized cost and fair value of our equity investment securities is as follows: (dollars in thousands) Amortized Cost Fair Value September 30, 2020 Equity securities $ 1,027 $ 1,204 December 31, 2019 Equity securities 935 1,127 On January 1, 2019 in connection with the adoption of ASU 2017-12, the Company transferred all of its HTM investment securities with an amortized cost of $148.5 million and fair value of $144.3 million to its AFS investment securities portfolio. The amortized cost and estimated fair value of our AFS debt securities at September 30, 2020 are shown below by contractual maturity. Expected maturities may differ from contractual maturities because issuers may 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. September 30, 2020 (dollars in thousands) Amortized Cost Fair Value Available-for-sale: Due in one year or less $ 27,260 $ 27,378 Due after one year through five years 40,800 42,098 Due after five years through ten years 89,879 92,226 Due after ten years 91,136 92,389 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 743,786 763,326 Commercial - U.S. Government agencies and sponsored entities 71,335 73,786 Residential - Non-government agencies 27,525 28,676 Commercial - Non-government agencies 44,814 46,440 Total available-for-sale securities $ 1,136,535 $ 1,166,319 For the three and nine months ended September 30, 2020, proceeds from the sale of available-for-sale investment securities were $86.5 million and resulted in a gross realized loss of $0.4 million. For the three and nine months ended September 30, 2019, proceeds from the sale of available-for-sale investment securities were $53.9 million and resulted in a gross realized gain of $36 thousand. Investment securities with fair value of $517.5 million and $719.8 million at September 30, 2020 and December 31, 2019, respectively, were pledged to secure public funds on deposit and other short-term borrowings. At September 30, 2020 and December 31, 2019, there were no holdings of investment securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders' equity. There were a total of 48 and 81 AFS debt securities which were in an unrealized loss position, without an ACL, at September 30, 2020 and December 31, 2019, respectively. The following tables summarize AFS debt securities which were in an unrealized loss position at September 30, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized loss position. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2020 Debt securities: States and political subdivisions $ 39,297 $ (292) $ — $ — $ 39,297 $ (292) Corporate securities 26,173 (231) — — 26,173 (231) U.S. Treasury obligations and direct obligations of U.S Government agencies 4,805 (30) 22,141 (182) 26,946 (212) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 122,914 (855) — — 122,914 (855) Residential - Non-government agencies 994 (34) — — 994 (34) Commercial - Non-government agencies 3,495 (15) — — 3,495 (15) Total temporarily impaired securities $ 197,678 $ (1,457) $ 22,141 $ (182) $ 219,819 $ (1,639) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2019 Debt securities: States and political subdivisions $ 1,754 $ (9) $ 801 $ (31) $ 2,555 $ (40) U.S. Treasury obligations and direct obligations of U.S Government agencies 18,882 (143) 19,031 (255) 37,913 (398) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 54,335 (283) 214,295 (1,816) 268,630 (2,099) Residential - Non-government agencies 8,206 (16) — — 8,206 (16) Commercial - U.S. Government-sponsored entities 32,067 (746) — — 32,067 (746) Total temporarily impaired securities $ 115,244 $ (1,197) $ 234,127 $ (2,102) $ 349,371 $ (3,299) The Company has evaluated its AFS investment securities that are in an unrealized loss position and has determined that the unrealized losses on the Company's investment securities are unrelated to credit quality and are primarily attributable to changes in interest rates and volatility in the financial markets since purchase. Investment securities in an unrealized loss position are evaluated on at least a quarterly basis, and include evaluating the changes in the investment securities' ratings issued by rating agencies and changes in the financial condition of the issuer. For mortgage-related securities, delinquency and loss information with respect to the underlying collateral, changes in levels of subordination for the Company's particular position within the repayment structure, and remaining credit enhancement as compared to projected credit losses of the security are also evaluated. All of the investment securities in an unrealized loss position continue to be rated investment grade by one or more major rating agencies. Because we have no intent to sell securities in an unrealized loss position and it is not more likely than not that we will be required to sell such securities before recovery of its amortized cost basis, the Company has not recorded an ACL and unrealized losses on these securities and have not been recognized into income. Visa and MasterCard Class B Common Stock As of September 30, 2020, the Company owns 34,631 shares of Class B common stock of Visa, Inc. ("Visa"). These shares were received in 2008 as part of Visa's initial public offering ("IPO"). These shares are transferable only under limited circumstances until they can be converted into shares of the publicly traded Class A common stock. This conversion will not occur until the resolution of certain litigation, which is indemnified by Visa members. Since its IPO, Visa has funded a litigation reserve to settle these litigation claims. At its discretion, Visa may continue to increase the litigation reserve based upon a change in the conversion ratio of each member bank’s restricted Class B common stock to unrestricted Class A common stock. Due to the existing transfer restriction and the uncertainty of the outcome of the Visa litigation, the Company has determined that the Visa Class B common stock does not have a readily determinable fair value and chooses to carry the shares on the Company's consolidated balance sheets at zero cost basis. During the first quarter of 2019, the Company converted the 11,170 shares of Class B common stock of MasterCard, Inc. ("MasterCard") it received during their initial public offering to an equal number of Class A common stock and sold the shares for $2.6 million. The shares were carried on the Company's consolidated balance sheets at zero cost basis and the proceeds received were recorded as a gain in other operating income - other in the Company's consolidated statements of income. The Company no longer owns any shares of MasterCard common stock.

LOANS AND CREDIT QUALITY

LOANS AND CREDIT QUALITY	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
LOANS AND CREDIT QUALITY	4. LOANS AND CREDIT QUALITY Loans, excluding loans held for sale, net of ACL under ASC 326 as of September 30, 2020 and loans, excluding loans held for sale, net of ACL under previous GAAP as of December 31, 2019 consisted of the following: (dollars in thousands) September 30, 2020 December 31, 2019 Commercial, financial and agricultural: Small Business Administration Paycheck Protection Program $ 545,277 $ — Other 526,363 570,089 Real estate: Construction 118,519 96,139 Residential mortgage 1,676,457 1,595,801 Home equity 533,139 490,239 Commercial mortgage 1,143,209 1,124,911 Consumer 500,416 569,516 Gross loans 5,043,380 4,446,695 Net deferred (fees) costs (12,754) 2,845 Total loans, net of deferred fees and costs 5,030,626 4,449,540 Allowance for credit losses (80,542) (47,971) Total loans, net of allowance for credit losses $ 4,950,084 $ 4,401,569 The bank is a Small Business Administration ("SBA") approved lender and actively participated in assisting customers with loan applications for the SBA’s Paycheck Protection Program, or PPP, which was part of the CARES Act. PPP loans have a two five From April 3, 2020, the date the SBA began accepting submissions for the initial round of PPP loans through the end of the program in August 2020, the Company funded over 7,200 PPP loans totaling over $558 million and received gross processing fees of over $21 million. Certain PPP loans paid-off shortly after funding resulting in a total outstanding balance of $545.3 million and net deferred fees of $16.7 million as of September 30, 2020. The Company has developed a PPP forgiveness portal and has begun the process of assisting our customers with applying for forgiveness from the SBA. The Company has engaged a third party to assist with this process. Although the Company believes that the majority of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program, there could be risks and liabilities by the Company that cannot be determined at this time . The Company transferred three loans totaling $6.6 million to the held-for-sale category during the nine months ended September 30, 2020, which were sold in October 2020 at a loss of less than $0.1 million. The Company did not transfer any loans to the held-for-sale category during the nine months ended September 30, 2019. The Company did not sell any loans originally held for investment during the nine months ended September 30, 2020 and 2019. The Company has purchased loan portfolios, none of which were credit deteriorated since origination at the time of purchase. The following table presents loans purchased by class for the periods presented: (dollars in thousands) Consumer - Unsecured Three Months Ended September 30, 2020 Purchases: Outstanding balance $ 6,960 Purchase premium (discount) (280) Purchase price $ 6,680 Nine Months Ended September 30, 2020 Purchases: Outstanding balance $ 41,272 Purchase premium (discount) (1,396) Purchase price $ 39,876 Three Months Ended September 30, 2019 Purchases: Outstanding balance $ 30,669 Purchase premium (discount) (1,176) Purchase price $ 29,493 Nine Months Ended September 30, 2019 Purchases: Outstanding balance $ 79,996 Purchase premium (discount) (1,176) Purchase price $ 78,820 Note: Purchases of unsecured consumer loans were made under forward flow purchase agreements. Collateral-Dependent Loans In accordance with ASC 326, a loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table presents the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of September 30, 2020: (dollars in thousands) Secured by Secured by Secured by Total Allocated September 30, 2020 Commercial, financial and agricultural $ — $ — $ 1,371 $ 1,371 $ 213 Real estate: Residential mortgage 9,210 — — 9,210 — Home equity 533 — — 533 — Commercial mortgage — 7,558 — 7,558 307 Total $ 9,743 $ 7,558 $ 1,371 $ 18,672 $ 520 The following table presents by class, information related to impaired loans as of December 31, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13: December 31, 2019 (dollars in thousands) Unpaid Recorded ALLL Impaired loans: Commercial, financial and agricultural $ 246 $ 135 $ — Real estate: Residential mortgage 7,230 6,516 — Home equity 92 92 — Commercial mortgage 1,839 1,839 — Total 9,407 8,582 — Impaired loans with an ACL recorded: Commercial, financial and agricultural 467 467 218 Consumer 17 17 17 Total 484 484 235 Total impaired loans $ 9,891 $ 9,066 $ 235 The following table presents by class, the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 (dollars in thousands) Average Interest Average Interest Commercial, financial and agricultural $ 164 $ 2 $ 188 $ 7 Real estate: Construction — — 1,323 62 Residential mortgage 7,536 63 8,763 776 Home equity 190 — 332 13 Commercial mortgage 2,021 22 2,162 68 Total $ 9,911 $ 87 $ 12,768 $ 926 For the three and nine months ended September 30, 2019, the amount of interest income recognized on impaired loans within the period that the loans were impaired were primarily related to loans modified in a troubled debt restructuring ("TDR") that were on accrual status. For the three and nine months ended September 30, 2019, the amount of interest income recognized using a cash-based method of accounting during the period that the loans were impaired was not material. Foreclosure Proceedings The Company had $0.7 million and $0.6 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at September 30, 2020 and December 31, 2019, respectively. The Company did not foreclose on any loans during the nine months ended September 30, 2020. The Company foreclosed on one loan totaling $0.2 million during the nine months ended September 30, 2019. The Company sold one foreclosed property totaling $0.1 million during the nine months ended September 30, 2020 at a loss of less than $0.1 million. The Company did not sell any foreclosed properties during the nine months ended September 30, 2019. Nonaccrual and Past Due Loans For all loan types, the Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. The following tables present by class, the aging of the recorded investment in past due loans as of September 30, 2020 and December 31, 2019. The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL under ASC 326 as of September 30, 2020 and under previous GAAP as of December 31, 2019. (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual September 30, 2020 Commercial, financial and agricultural - SBA PPP $ — $ — $ — $ — $ — $ 528,581 $ 528,581 $ — Commercial, financial and agricultural - Other 5,246 85 — 1,536 6,867 521,203 528,070 668 Real estate: Construction — — — — — 118,247 118,247 — Residential mortgage 12 556 588 4,032 5,188 1,674,872 1,680,060 4,032 Home equity 255 — — 533 788 533,268 534,056 533 Commercial mortgage 1,778 — — 6,889 8,667 1,132,598 1,141,265 4,296 Consumer 1,774 691 321 69 2,855 497,492 500,347 — Total $ 9,065 $ 1,332 $ 909 $ 13,059 $ 24,365 $ 5,006,261 $ 5,030,626 $ 9,529 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual December 31, 2019 Commercial, financial and agricultural $ 476 $ 865 $ — $ 467 $ 1,808 $ 568,496 $ 570,304 $ — Real estate: Construction 643 — — — 643 95,211 95,854 — Residential mortgage 1,830 589 724 979 4,122 1,595,679 1,599,801 979 Home equity 759 207 — 92 1,058 489,676 490,734 92 Commercial mortgage — 397 — — 397 1,123,018 1,123,415 — Consumer 3,223 943 286 17 4,469 564,963 569,432 — Total $ 6,931 $ 3,001 $ 1,010 $ 1,555 $ 12,497 $ 4,437,043 $ 4,449,540 $ 1,071 In accordance with the " Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)" issued in April 2020, loans with deferrals granted because of COVID-19 are not considered past due and/or reported as nonaccrual if deemed collectible during the deferral period. Troubled Debt Restructurings Troubled debt restructurings ("TDRs") included in nonperforming assets at September 30, 2020 consisted of two Hawaii residential mortgage loans with a principal balance of $0.3 million. There were $7.4 million of TDRs still accruing interest at September 30, 2020, none of which were more than 90 days delinquent. At December 31, 2019, there were $7.5 million of TDRs still accruing interest, none of which were more than 90 days delinquent. The Company offers various types of concessions when modifying a loan. Concessions made to the original contractual terms of the loan typically consists of the deferral of interest and/or principal payments due to deterioration in the borrowers' financial condition. In these cases, the principal balance on the TDR had matured and/or was in default at the time of restructure, and there were no commitments to lend additional funds to the borrower during the three and nine months ended September 30, 2020 and 2019. As discussed in Note 1 to these financial statements, Section 4013 of CARES Act and the " Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)" provided banks an optional TDR election for certain loan modifications related to COVID-19 as long as the borrowers were not more than 30 days past due as of December 31, 2019 or at the time of modification program implementation, respectively, and meets other applicable criteria. The Company has identified eleven consumer loans totaling $0.2 million, including three consumer loans totaling $0.1 million in the third quarter of 2020, that were modified and did not meet the criteria under Section 4013 of CARES Act or the " Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)". As a result, these loans are included in the TDRs disclosed above. The Company had active loan deferrals with outstanding balances of approximately $290.7 million resulting from the COVID-19 pandemic that were not classified as a TDR at September 30, 2020. The following table sets forth loans on active payment forbearance or deferral as of September 30, 2020: (dollars in thousands) Loan Count Balance Accrued Interest Receivable Total Loans % of Total Loans Total Loans, excl. PPP % of Total Loans, excl. PPP Commercial, financial and agricultural 363 $ 64,298 $ 844 $ 1,056,651 6.1 % $ 528,070 12.2 % Real estate: Construction — — — 118,247 — % 118,247 — % Residential mortgage 216 103,130 1,803 1,680,060 6.1 % 1,680,060 6.1 % Home equity — — — 534,056 — % 534,056 — % Commercial mortgage 25 69,420 469 1,141,265 6.1 % 1,141,265 6.1 % Consumer 3,209 53,993 1,323 500,347 10.8 % 500,347 10.8 % Total loans 3,813 $ 290,841 $ 4,439 $ 5,030,626 5.8 % $ 4,502,045 6.5 % The following table presents by class, information related to loans modified in a TDR during the three and nine months ended September 30, 2020: (dollars in thousands) Number of Recorded Increase in the Three Months Ended September 30, 2020 Consumer 3 80 — Total 3 $ 80 $ — Nine Months Ended September 30, 2020 Real estate: Commercial mortgage 1 $ 281 $ — Consumer 11 214 — Total 12 $ 495 $ — No loans were modified in a TDR during the three and nine months ended September 30, 2019. No loans were modified as a TDR within the previous twelve months that subsequently defaulted during the three and nine months ended September 30, 2020 and 2019. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans by credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk rating of loans. Loans not meeting the following criteria that are analyzed individually as part of the described process are considered to be pass-rated loans. Special Mention. Loans classified as special mention, while still adequately protected by the borrower's capital adequacy and payment capability, exhibit distinct weakening trends and/or elevated levels of exposure to external conditions. If left unchecked or uncorrected, these potential weaknesses may result in deteriorated prospects of repayment. These exposures require management's close attention so as to avoid becoming undue or unwarranted credit exposures. Substandard. Loans classified as substandard are inadequately protected by the borrower's current financial condition and payment capability or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the orderly repayment of debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or orderly repayment in full, on the basis of current existing facts, conditions and values, highly questionable and improbable. Possibility of loss is extremely high, but because of certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure, its classification as an estimated loss is deferred until its more exact status may be determined. Loss. Loans classified as loss are considered to be non-collectible and of such little value that their continuance as bankable assets is not warranted. This does not mean the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. Losses are taken in the period in which they surface as uncollectible. The following table presents the amortized cost basis of the Company's loans by class, credit quality indicator and origination year as of September 30, 2020. Revolving loans converted to term as of and during the three and nine months ended September 30, 2020 were not material to the total loan portfolio. Amortized Cost of Term Loans by Origination Year (dollars in thousands) 2020 2019 2018 2017 2016 Prior Amortized Cost of Revolving Loans Total September 30, 2020 Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ 528,581 $ — $ — $ — $ — $ — $ — $ 528,581 Subtotal 528,581 — — — — — — 528,581 Commercial, financial and agricultural - Other: Risk Rating Pass 68,156 63,398 60,700 43,948 41,585 91,001 78,224 447,012 Special Mention 4,958 11,714 8,784 31,839 2,123 13,757 420 73,595 Substandard 200 1,528 1,111 1,105 2,206 1,313 — 7,463 Subtotal 73,314 76,640 70,595 76,892 45,914 106,071 78,644 528,070 Construction: Risk Rating Pass 19,436 20,931 41,893 11,201 2,202 19,238 2,401 117,302 Special Mention — — 945 — — — — 945 Subtotal 19,436 20,931 42,838 11,201 2,202 19,238 2,401 118,247 Residential mortgage: Risk Rating Pass 416,073 302,683 141,156 159,808 197,665 456,398 — 1,673,783 Special Mention — — — 1,437 147 — — 1,584 Substandard — — 540 1,328 884 1,941 — 4,693 Loss — — — — — — — — Subtotal 416,073 302,683 141,696 162,573 198,696 458,339 — 1,680,060 Home equity: Risk Rating Pass 13,407 16,993 16,713 778 390 4,794 480,238 533,313 Special Mention — — — — — — 210 210 Substandard — — — — 204 329 — 533 Subtotal 13,407 16,993 16,713 778 594 5,123 480,448 534,056 Commercial mortgage: Risk Rating Pass 93,195 149,180 137,886 163,112 108,333 365,488 16,926 1,034,120 Special Mention — 2,602 24,134 7,685 13,623 24,137 — 72,181 Substandard — 2,593 11,500 1,998 4,296 14,577 — 34,964 Subtotal 93,195 154,375 173,520 172,795 126,252 404,202 16,926 1,141,265 Consumer: Risk Rating Pass 72,249 133,485 77,840 52,150 21,327 71,599 71,057 499,707 Special Mention — — — — — — 250 250 Substandard 27 11 40 9 1 168 — 256 Loss 15 — — 49 — 70 — 134 Subtotal 72,291 133,496 77,880 52,208 21,328 71,837 71,307 500,347 Total $ 1,216,297 $ 705,118 $ 523,242 $ 476,447 $ 394,986 $ 1,064,810 $ 649,726 $ 5,030,626 The following tables present the Company's loans by class and credit quality indicator as of September 30, 2020 and December 31, 2019: (dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Total September 30, 2020 Commercial, financial and agricultural: SBA PPP $ 545,277 $ — $ — $ — $ 545,277 $ (16,696) $ 528,581 Commercial, financial and agricultural: Other 445,305 73,595 7,463 — 526,363 1,707 528,070 Real estate: Construction 117,574 945 — — 118,519 (272) 118,247 Residential mortgage 1,670,180 1,584 4,693 — 1,676,457 3,603 1,680,060 Home equity 532,396 210 533 — 533,139 917 534,056 Commercial mortgage 1,036,064 72,181 34,964 — 1,143,209 (1,944) 1,141,265 Consumer 499,776 250 256 134 500,416 (69) 500,347 Total $ 4,846,572 $ 148,765 $ 47,909 $ 134 $ 5,043,380 $ (12,754) $ 5,030,626 (dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Total December 31, 2019 Commercial, financial and agricultural: Other $ 523,342 $ 20,677 $ 26,070 $ — $ 570,089 $ 215 $ 570,304 Real estate: Construction 96,139 — — — 96,139 (285) 95,854 Residential mortgage 1,593,072 840 1,889 — 1,595,801 4,000 1,599,801 Home equity 490,147 — 92 — 490,239 495 490,734 Commercial mortgage 1,094,364 17,440 13,107 — 1,124,911 (1,496) 1,123,415 Consumer 569,212 — 193 111 569,516 (84) 569,432 Total $ 4,366,276 $ 38,957 $ 41,351 $ 111 $ 4,446,695 $ 2,845 $ 4,449,540

ALLOWANCE FOR CREDIT LOSSES AND

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE	9 Months Ended
	Sep. 30, 2020
ALLOWANCE FOR LOAN AND LEASE LOSSES
ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE	5. ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES The following table presents by class, the activity in the ACL for loans under ASC 326 during the three and nine months ended September 30, 2020 and under previous GAAP during the three and nine months ended September 30, 2019: Commercial, Financial and Agricultural Real Estate (dollars in thousands) SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Three Months Ended September 30, 2020 Beginning balance 388 15,507 3,274 15,025 3,651 16,148 13,346 67,339 Provision for credit losses on loans [1] 2 2,620 759 3,537 2,517 3,304 1,726 14,465 390 18,127 4,033 18,562 6,168 19,452 15,072 81,804 Charge-offs — 810 — 11 — 75 1,492 2,388 Recoveries — 321 — 13 — 12 780 1,126 Net charge-offs (recoveries) — 489 — (2) — 63 712 1,262 Ending balance $ 390 $ 17,638 $ 4,033 $ 18,564 $ 6,168 $ 19,389 $ 14,360 $ 80,542 Three Months Ended September 30, 2019 Beginning balance $ — $ 8,109 $ 1,313 $ 13,367 $ 4,313 $ 11,668 $ 9,497 $ 48,267 Provision for credit losses on loans — 107 374 75 (45) 541 480 1,532 — 8,216 1,687 13,442 4,268 12,209 9,977 49,799 Charge-offs — 797 — — 5 — 1,832 2,634 Recoveries — 362 6 104 24 — 506 1,002 Net charge-offs (recoveries) — 435 (6) (104) (19) — 1,326 1,632 Ending balance $ — $ 7,781 $ 1,693 $ 13,546 $ 4,287 $ 12,209 $ 8,651 $ 48,167 Commercial, Financial and Agricultural Real Estate (dollars in thousands) SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Nine Months Ended September 30, 2020 Beginning balance prior to ASC 326 $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 Impact of adoption of ASC 326 — (627) 479 608 (1,614) 2,624 2,096 3,566 Balance after adoption of ASC 326 — 7,509 2,271 13,935 2,592 13,737 11,493 51,537 Provision for credit losses on loans [1] 390 11,511 1,631 4,478 3,545 5,712 7,167 34,434 390 19,020 3,902 18,413 6,137 19,449 18,660 85,971 Charge-offs — 2,350 — 63 — 75 6,335 8,823 Recoveries — 968 131 214 31 15 2,035 3,394 Net charge-offs (recoveries) — 1,382 (131) (151) (31) 60 4,300 5,429 Ending balance $ 390 $ 17,638 $ 4,033 $ 18,564 $ 6,168 $ 19,389 $ 14,360 $ 80,542 Nine Months Ended September 30, 2019 Beginning balance $ — $ 8,027 $ 1,202 $ 14,349 $ 3,788 $ 13,358 $ 7,192 $ 47,916 Provision for credit losses on loans — 943 (113) (1,301) 462 (1,174) 5,402 4,219 — 8,970 1,089 13,048 4,250 12,184 12,594 52,135 Charge-offs — 2,099 — — 5 — 5,542 7,646 Recoveries — 910 604 498 42 25 1,599 3,678 Net charge-offs (recoveries) — 1,189 (604) (498) (37) (25) 3,943 3,968 Ending balance $ — $ 7,781 $ 1,693 $ 13,546 $ 4,287 $ 12,209 $ 8,651 $ 48,167 [1] The Company recorded a reserve on accrued interest receivable for loans on active payment forbearance or deferral, which were granted to borrowers impacted by the COVID-19 pandemic. This reserve was recorded as a contra-asset against accrued interest receivable with the offset to provision for credit losses. The provision for credit losses presented in this table excludes the provision for credit losses on accrued interest receivable of $0.2 million. The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, under ASC 326 during the three and nine months ended September 30, 2020 and under previous GAAP during the three and nine months ended September 30, 2019. (dollars in thousands) Three Months Ended September 30, 2020 Beginning balance $ 4,383 Provision for off-balance sheet credit exposures 221 Ending balance $ 4,604 Three Months Ended September 30, 2019 Beginning balance $ 1,897 Provision for off-balance sheet credit exposures (466) Ending balance $ 1,431 Nine Months Ended September 30, 2020 Beginning balance prior to ASC 326 $ 1,272 Impact of adoption of ASC 326 740 Balance after adoption of ASC 326 2,012 Provision for off-balance sheet credit exposures 2,592 Ending balance $ 4,604 Nine Months Ended September 30, 2019 Beginning balance $ 1,242 Provision for off-balance sheet credit exposures 189 Ending balance $ 1,431 In accordance with GAAP, other real estate assets are not included in our assessment of the ACL. Our provision for credit losses on loans was $14.5 million and $34.4 million in the three and nine months ended September 30, 2020 under ASC 326, compared to $1.5 million and $4.2 million in the three and nine months ended September 30, 2019 under previous GAAP.

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	9 Months Ended
	Sep. 30, 2020
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	6. INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES The components of the Company's investments in unconsolidated subsidiaries were as follows: (dollars in thousands) September 30, 2020 December 31, 2019 Investments in low income housing tax credit partnerships $ 28,437 $ 15,322 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 201 192 Other 54 54 Total $ 30,239 $ 17,115 The Company invests in low-income housing tax credit ("LIHTC") partnerships. As of September 30, 2020 and December 31, 2019, the Company had $22.7 million and $11.5 million, respectively, in unfunded commitments related to the LIHTC partnerships. The expected payments for the unfunded commitments as of September 30, 2020 for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2020 (remainder) $ 12,853 2021 1,494 2022 8,253 2023 10 2024 26 2025 6 Thereafter 43 Total unfunded commitments $ 22,685 Prior to 2018, the Company's investments in LIHTC partnerships were accounted for using the cost method. In 2018, the Company voluntarily changed its accounting policy for LIHTC partnerships from the cost method to the proportional amortization method using the practical expedient available under ASC 323, "Investments - Equity Method and Joint Ventures" , which permits an investor to amortize the initial cost of the investment in proportion to only the tax credits allocated to the investor. The Company believes the proportional amortization method is preferable because it better reflects the economics of an investment that is made for the primary purpose of receiving tax credits and other tax benefits. In addition to a change in the timing of the recognition of amortization expense on LIHTC investments, amortization expense on LIHTC investments is now reflected in the income tax expense line, which provides users a better understanding of the nature of the returns of such investments, instead of in other operating expenses on the consolidated statements of income. The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three and nine months ended September 30, 2020 and September 30, 2019: (dollars in thousands) Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Proportional amortization method: Amortization expense recognized in income tax expense $ 348 $ 259 $ 1,044 $ 776 Tax credits recognized in income tax expense 399 307 1,199 922

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS	9 Months Ended
	Sep. 30, 2020
OTHER INTANGIBLE ASSETS
MORTGAGE SERVICING RIGHTS	7. MORTGAGE SERVICING RIGHTS The following table presents changes in mortgage servicing rights for the periods presented: (dollars in thousands) Mortgage Balance, January 1, 2019 $ 15,596 Additions 1,189 Amortization (1,727) Balance, September 30, 2019 $ 15,058 Balance, January 1, 2020 $ 14,718 Additions 2,269 Amortization (4,558) Balance, September 30, 2020 $ 12,429 Income generated as the result of new mortgage servicing rights is reported as gains on sales of loans and totaled $1.0 million and $2.3 million for the three and nine months ended September 30, 2020 compared to $0.4 million and $1.2 million for the three and nine months ended September 30, 2019. Amortization of mortgage servicing rights totaled $1.3 million and $4.6 million for the three and nine months ended September 30, 2020 compared to $0.7 million and $1.7 million for the three and nine months ended September 30, 2019. The following tables present the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Nine Months Ended Nine Months Ended (dollars in thousands) September 30, 2020 September 30, 2019 Fair market value, beginning of period $ 15,820 $ 17,696 Fair market value, end of period 12,694 15,965 September 30, 2020 December 31, 2019 Weighted average discount rate 9.6 % 9.5 % Forecasted constant prepayment rate assumption (1) 24.3 % 11.9 % (1) Represents annualized loan prepayment rate assumption. The gross carrying value and accumulated amortization related to our mortgage servicing rights are presented below: September 30, 2020 December 31, 2019 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 69,864 $ (57,435) $ 12,429 $ 67,595 $ (52,877) $ 14,718 Based on the mortgage servicing rights held as of September 30, 2020, estimated amortization expense for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2020 (remainder) $ 957 2021 3,375 2022 2,682 2023 2,181 2024 1,801 2025 1,433 Thereafter — Total $ 12,429

DERIVATIVES

DERIVATIVES	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	8. DERIVATIVES We utilize various designated and undesignated derivative financial instruments to reduce our exposure to movements in interest rates including interest rate lock commitments and forward sale commitments. We measure all derivatives at fair value on our consolidated balance sheet. In each reporting period, we record the derivative instruments in other assets or other liabilities depending on whether the derivatives are in an asset or liability position. For derivative instruments that are designated as cash flow hedging instruments, we record the effective portion of the changes in the fair value of the derivative in AOCI, net of tax, until earnings are affected by the variability of cash flows of the hedged transaction. We immediately recognize the portion of the gain or loss in the fair value of the derivative that represents hedge ineffectiveness in current period earnings. For derivative instruments that are not designated as hedging instruments, changes in the fair value of the derivative are included in current period earnings. At September 30, 2020 and December 31, 2019, we were not party to any derivatives designated as part of a fair value or cash flow hedge. Interest Rate Lock and Forward Sale Commitments We enter into interest rate lock commitments on certain mortgage loans that are intended to be sold. To manage interest rate risk on interest rate lock commitments, we also enter into forward loan sale commitments. The interest rate locks and forward loan sale commitments are accounted for as undesignated derivatives and are recorded at their respective fair values in other assets or other liabilities, with changes in fair value recorded in current period earnings. These instruments serve to reduce our exposure to movements in interest rates. At September 30, 2020, we were a party to interest rate lock and forward sale commitments on $2.9 million and $19.3 million of mortgage loans, respectively. The following table presents the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheets: Derivatives Financial Instruments Not Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location September 30, December 31, September 30, December 31, Interest rate lock and forward sale commitments Other assets / other liabilities $ 111 $ 8 $ 127 $ 28 Risk Participation Agreement In the first quarter of 2020, the Company entered into a credit risk participation agreement ("RPA") with a financial institution counterparty for an interest rate swap related to a loan in which we participate. The risk participation agreement entered into by us as a participant bank provides credit protection to the financial institution counterparty should the borrower fail to perform on its interest rate derivative contract with that financial institution. The following table presents the impact of derivative instruments and their location within the consolidated statements of income: Derivatives Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended September 30, 2020 Interest rate lock and forward sale commitments Mortgage banking income $ 109 Risk participation agreement Other service charges and fees (54) Three Months Ended September 30, 2019 Interest rate lock and forward sale commitments Mortgage banking income 110 Loans held for sale Other income (1) Nine Months Ended September 30, 2020 Interest rate lock and forward sale commitments Mortgage banking income 59 Risk participation agreement Other service charges and fees 1,234 Nine Months Ended September 30, 2019 Interest rate lock and forward sale commitments Mortgage banking income 131 Loans held for sale Other income (1)

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS AND LONG-TERM DEBT	9. SHORT-TERM BORROWINGS AND LONG-TERM DEBT Federal Home Loan Bank Advances and Other Borrowings The bank is a member of the Federal Home Loan Bank of Des Moines (the "FHLB") and maintained a $1.79 billion line of credit as of September 30, 2020, compared to $1.84 billion at December 31, 2019. At September 30, 2020, $1.26 billion was undrawn under this arrangement, compared to $1.57 billion at December 31, 2019. Short-term borrowings under this arrangement totaled $206.0 million at September 30, 2020, compared to $150.0 million at December 31, 2019. Letters of credit under this arrangement that are used to collateralize certain government deposits totaled $267.0 million at September 30, 2020, compared to $78.9 million at December 31, 2019. Long-term borrowings under this arrangement totaled $50.0 million at September 30, 2020 and December 31, 2019. FHLB advances and standby letters of credit available at September 30, 2020 were secured by certain real estate loans with a carrying value of $2.71 billion in accordance with the collateral provisions of the Advances, Security and Deposit Agreement with the FHLB. At September 30, 2020 and December 31, 2019, our bank had additional unused borrowings available at the Federal Reserve discount window of $59.2 million and $65.3 million, respectively. As of September 30, 2020 and December 31, 2019, certain commercial and commercial real estate loans with a carrying value totaling $125.0 million and $126.1 million, respectively, were pledged as collateral on our line of credit with the Federal Reserve discount window. The Federal Reserve does not have the right to sell or repledge these loans. To bolster the effectiveness of the SBA's PPP the Federal Reserve is supplying liquidity to participating financial institutions through term financing backed by PPP loans to small businesses. The PPP provides loans to small businesses so that they can keep their workers on the payroll. The Paycheck Protection Program Liquidity Facility ("PPPLF") will extend credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value. At September 30, 2020, there were no funds drawn from the Federal Reserve Bank under the PPPLF and no PPP loans were pledged to the Federal Reserve Bank. Subordinated Debentures In October 2003, we created two wholly-owned statutory trusts, CPB Capital Trust II ("Trust II") and CPB Statutory Trust III ("Trust III"). We completed the redemption of $20 million of floating rate trust preferred securities issued by Trust II in January 2019 and $20 million of floating rate trust preferred securities issued by Trust III in December 2018. In September 2004, we created a wholly-owned statutory trust, CPB Capital Trust IV ("Trust IV"). Trust IV issued $30.0 million in floating rate trust preferred securities bearing an interest rate of three-month LIBOR plus 2.45% and maturing on December 15, 2034. The principal assets of Trust IV are $30.9 million of the Company's junior subordinated debentures with an identical interest rate and maturity as the Trust IV trust preferred securities. Trust IV issued $0.9 million of common securities to the Company. In December 2004, we created a wholly-owned statutory trust, CPB Statutory Trust V ("Trust V"). Trust V issued $20.0 million in floating rate trust preferred securities bearing an interest rate of three-month LIBOR plus 1.87% and maturing on December 15, 2034. The principal assets of Trust V are $20.6 million of the Company's junior subordinated debentures with an identical interest rate and maturity as the Trust V trust preferred securities. Trust V issued $0.6 million of common securities to the Company. At September 30, 2020 and December 31, 2019, the Company had the following junior subordinated debentures outstanding, which is recorded in long-term debt on the Company's consolidated balance sheets: (dollars in thousands) September 30, 2020 Name of Trust Subordinated Debentures Interest Rate Trust IV $ 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547 December 31, 2019 Name of Trust Subordinated Debentures Interest Rate Trust IV $ 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547 The floating trust preferred securities, the junior subordinated debentures that are the assets of Trusts IV and V and the common securities issued by Trusts IV and V are redeemable in whole or in part on any interest payment date on or after December 15, 2009 for Trust IV and V, or at any time in whole but not in part within 90 days following the occurrence of certain events. Our obligations with respect to the issuance of the trust preferred securities constitute a full and unconditional guarantee by the Company of each trust's obligations with respect to its trust preferred securities. Subject to certain exceptions and limitations, we may elect from time to time to defer interest payments on the subordinated debentures, which would result in a deferral of distribution payments on the related trust preferred securities, for up to 20 consecutive quarterly periods without default or penalty. The subordinated debentures may be included in Tier 1 capital, with certain limitations applicable, under current regulatory guidelines and interpretations.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	10. REVENUE FROM CONTRACTS WITH CUSTOMERS The following presents the Company's other operating income, segregated by revenue streams that are in-scope and out-of-scope of ASC 606, "Revenue from Contracts with Customers" for the three and nine months ended September 30, 2020 and 2019: Three Months Ended Nine Months Ended (dollars in thousands) 2020 2019 2020 2019 Other operating income: In-scope of ASC 606 Mortgage banking income $ 235 $ 230 $ 653 $ 486 Service charges on deposit accounts 1,475 2,125 4,674 6,247 Other service charges and fees 2,932 3,281 8,517 9,096 Income on fiduciary activities 1,149 1,126 3,716 3,220 Net gain (loss) on sales of foreclosed assets — 17 (6) 17 In-scope other operating income 5,791 6,779 17,554 19,066 Out-of-scope other operating income 5,772 3,487 13,587 12,967 Total other operating income $ 11,563 $ 10,266 $ 31,141 $ 32,033

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	11. SHARE-BASED COMPENSATION Restricted Stock Units The table below presents the activity of restricted stock units for the nine months ended September 30, 2020: Shares Weighted Average Grant Date Fair Value Non-vested restricted stock units, beginning of period 366,467 $ 28.89 Changes during the period: Granted 321,722 18.11 Vested (123,179) 29.47 Forfeited (22,628) 24.80 Non-vested restricted stock units, end of period 542,382 22.53

LEASES

LEASES	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
LEASES	12. LEASES We lease certain land and buildings for our bank branches and ATMs. In some instances, a lease may contain renewal options to extend the term of the lease. All renewal options are likely to be exercised and therefore have been recognized as part of our right-of-use assets and lease liabilities in accordance with ASC 842, "Leases" . Certain leases also contain variable payments that are primarily determined based on common area maintenance costs and Hawaii state tax rates. All leases are operating leases and we do not include any short term leases in the calculation of the right-of-use assets and lease liabilities. The most significant assumption related to the Company’s application of ASC 842 was the discount rate assumption. As most of the Company’s lease agreements do not provide for an implicit interest rate, the Company uses the collateralized interest rate that the Company would have to pay to borrow over a similar term to estimate the Company’s lease liability. Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the period indicated: Three Months Ended Nine Months Ended (dollars in thousands) 2020 2019 2020 2019 Lease cost: Operating lease cost $ 1,613 $ 1,627 $ 4,919 $ 4,883 Variable lease cost 732 699 2,098 1,950 Less: sublease income — (11) (15) (33) Total lease cost $ 2,345 $ 2,315 $ 7,002 $ 6,800 Other information: Operating cash flows from operating leases $ (1,554) $ (1,558) $ (4,743) $ (4,663) Weighted-average remaining lease term - operating leases 12.47 years 13.80 years 12.47 years 13.80 years Weighted-average discount rate - operating leases 3.91 % 3.92 % 3.91 % 3.92 % The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter: (dollars in thousands) Year Ending December 31, Undiscounted Cash Flows Lease Liability Expense Lease Liability Reduction 2020 (remainder) $ 1,451 $ 437 $ 1,014 2021 5,839 1,638 4,201 2022 5,433 1,487 3,946 2023 4,860 1,348 3,512 2024 4,539 1,222 3,317 2025 4,227 1,096 3,131 Thereafter 31,700 5,466 26,234 Total $ 58,049 $ 12,694 $ 45,355 In addition, the Company, as lessor, leases certain properties that it owns. All of these leases are operating leases. The following represents lease income related to these leases that was recognized for the period indicated: Three Months Ended Nine Months Ended (dollars in thousands) 2020 2019 2020 2019 Total rental income recognized $ 492 $ 522 $ 1,559 $ 1,576 Based on the Company's leases as lessor as of September 30, 2020, estimated lease payments for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2020 (remainder) $ 530 2021 2,133 2022 1,790 2023 480 2024 84 2025 72 Thereafter 190 Total $ 5,279
LEASES	12. LEASES We lease certain land and buildings for our bank branches and ATMs. In some instances, a lease may contain renewal options to extend the term of the lease. All renewal options are likely to be exercised and therefore have been recognized as part of our right-of-use assets and lease liabilities in accordance with ASC 842, "Leases" . Certain leases also contain variable payments that are primarily determined based on common area maintenance costs and Hawaii state tax rates. All leases are operating leases and we do not include any short term leases in the calculation of the right-of-use assets and lease liabilities. The most significant assumption related to the Company’s application of ASC 842 was the discount rate assumption. As most of the Company’s lease agreements do not provide for an implicit interest rate, the Company uses the collateralized interest rate that the Company would have to pay to borrow over a similar term to estimate the Company’s lease liability. Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the period indicated: Three Months Ended Nine Months Ended (dollars in thousands) 2020 2019 2020 2019 Lease cost: Operating lease cost $ 1,613 $ 1,627 $ 4,919 $ 4,883 Variable lease cost 732 699 2,098 1,950 Less: sublease income — (11) (15) (33) Total lease cost $ 2,345 $ 2,315 $ 7,002 $ 6,800 Other information: Operating cash flows from operating leases $ (1,554) $ (1,558) $ (4,743) $ (4,663) Weighted-average remaining lease term - operating leases 12.47 years 13.80 years 12.47 years 13.80 years Weighted-average discount rate - operating leases 3.91 % 3.92 % 3.91 % 3.92 % The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter: (dollars in thousands) Year Ending December 31, Undiscounted Cash Flows Lease Liability Expense Lease Liability Reduction 2020 (remainder) $ 1,451 $ 437 $ 1,014 2021 5,839 1,638 4,201 2022 5,433 1,487 3,946 2023 4,860 1,348 3,512 2024 4,539 1,222 3,317 2025 4,227 1,096 3,131 Thereafter 31,700 5,466 26,234 Total $ 58,049 $ 12,694 $ 45,355 In addition, the Company, as lessor, leases certain properties that it owns. All of these leases are operating leases. The following represents lease income related to these leases that was recognized for the period indicated: Three Months Ended Nine Months Ended (dollars in thousands) 2020 2019 2020 2019 Total rental income recognized $ 492 $ 522 $ 1,559 $ 1,576 Based on the Company's leases as lessor as of September 30, 2020, estimated lease payments for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2020 (remainder) $ 530 2021 2,133 2022 1,790 2023 480 2024 84 2025 72 Thereafter 190 Total $ 5,279

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables present the components of other comprehensive income for the three and nine months ended September 30, 2020 and 2019, by component: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2020 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (3,434) $ (919) $ (2,515) Less: Reclassification adjustments from AOCI realized in net income 352 94 258 Net unrealized losses on investment securities (3,082) (825) (2,257) Defined benefit plans: Amortization of net actuarial loss 330 89 241 Amortization of net transition obligation 5 1 4 Amortization of prior service cost 3 1 2 Defined benefit plans, net 338 91 247 Other comprehensive loss $ (2,744) $ (734) $ (2,010) (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2019 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 6,027 $ 1,615 $ 4,412 Less: Reclassification adjustments from AOCI realized in net income (36) (10) (26) Net unrealized gains on investment securities 5,991 1,605 4,386 Defined benefit plans: Amortization of net actuarial loss 310 31 279 Amortization of net transition obligation 5 3 2 Amortization of prior service cost 4 2 2 Defined benefit plans, net 319 36 283 Other comprehensive income $ 6,310 $ 1,641 $ 4,669 (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2020 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 18,994 $ 5,087 $ 13,907 Less: Reclassification adjustments from AOCI realized in net income 352 94 258 Net unrealized gains on investment securities 19,346 5,181 14,165 Defined benefit plans: Net actuarial gains arising during the period 427 114 313 Amortization of net actuarial loss 867 230 637 Amortization of net transition obligation 14 4 10 Amortization of prior service cost 10 3 7 Defined benefit plans, net 1,318 351 967 Other comprehensive income $ 20,664 $ 5,532 $ 15,132 (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2019 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 37,671 $ 10,098 $ 27,573 Less: Reclassification adjustments from AOCI realized in net income (36) (10) (26) Net unrealized gains on investment securities 37,635 10,088 27,547 Defined benefit plans: Amortization of net actuarial loss 837 84 753 Amortization of net transition obligation 14 4 10 Amortization of prior service cost 13 3 10 Defined benefit plans, net 864 91 773 Other comprehensive income $ 38,499 $ 10,179 $ 28,320 The following tables present the changes in each component of AOCI, net of tax, for the three and nine months ended September 30, 2020 and 2019: (dollars in thousands) Investment Defined AOCI Three Months Ended September 30, 2020 Balance at beginning of period $ 31,247 $ (5,696) $ 25,551 Other comprehensive income (loss) before reclassifications (2,515) — (2,515) Reclassification adjustments from AOCI 258 247 505 Total other comprehensive income (loss) (2,257) 247 (2,010) Balance at end of period $ 28,990 $ (5,449) $ 23,541 (dollars in thousands) Investment Defined AOCI Three Months Ended September 30, 2019 Balance at beginning of period $ 10,418 $ (5,960) $ 4,458 Other comprehensive loss before reclassifications 4,412 — 4,412 Reclassification adjustments from AOCI (26) 283 257 Total other comprehensive income 4,386 283 4,669 Balance at end of period $ 14,804 $ (5,677) $ 9,127 (dollars in thousands) Investment Defined AOCI Nine Months Ended September 30, 2020 Balance at beginning of period $ 14,825 $ (6,416) $ 8,409 Other comprehensive income before reclassifications 13,907 313 14,220 Reclassification adjustments from AOCI 258 654 912 Total other comprehensive income 14,165 967 15,132 Balance at end of period $ 28,990 $ (5,449) $ 23,541 (dollars in thousands) Investment Defined AOCI Nine Months Ended September 30, 2019 Balance at beginning of period $ (9,643) $ (6,450) $ (16,093) Impact of the adoption of new accounting standards (3,100) — (3,100) Adjusted balance at beginning of period (12,743) (6,450) (19,193) Other comprehensive loss before reclassifications 27,573 — 27,573 Reclassification adjustments from AOCI (26) 773 747 Total other comprehensive income (loss) 27,547 773 28,320 Balance at end of period $ 14,804 $ (5,677) $ 9,127 The following table presents the amounts reclassified out of each component of AOCI for the three and nine months ended September 30, 2020 and 2019: Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Three months ended September 30, (dollars in thousands) 2020 2019 Sale of investment securities available-for-sale: Realized gains (losses) on securities available-for-sale $ (352) $ 36 Investment securities gains (losses) Tax effect 94 (10) Income tax benefit (expense) Net of tax $ (258) $ 26 Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial loss $ (330) $ (310) Salaries and employee benefits Amortization of net transition obligation (5) (5) Salaries and employee benefits Amortization of prior service cost (3) (4) Salaries and employee benefits Total before tax (338) (319) Tax effect 91 36 Income tax benefit (expense) Net of tax $ (247) $ (283) Total reclassification adjustments from AOCI for the period, net of tax $ (505) $ (257) Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Nine months ended September 30, (dollars in thousands) 2020 2019 Sale of investment securities available-for-sale: Realized gains (losses) on securities available-for-sale $ (352) $ 36 Investment securities gains (losses) Tax effect 94 (10) Income tax benefit (expense) Net of tax $ (258) $ 26 Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial loss $ (867) $ (837) Salaries and employee benefits Amortization of net transition obligation (14) (14) Salaries and employee benefits Amortization of prior service cost (10) (13) Salaries and employee benefits Total before tax (891) (864) Tax effect 237 91 Income tax benefit (expense) Net of tax $ (654) $ (773) Total reclassification adjustments from AOCI for the period, net of tax $ (912) $ (747)

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	14. EARNINGS PER SHARE The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated: Three Months Ended Nine Months Ended (dollars in thousands, except per share data) 2020 2019 2020 2019 Net income $ 6,859 $ 14,554 $ 25,102 $ 44,125 Weighted average common shares outstanding - basic 28,060,020 28,424,898 28,075,684 28,575,369 Dilutive effect of employee stock options and awards 51,644 177,440 96,469 186,688 Weighted average common shares outstanding - diluted 28,111,664 28,602,338 28,172,153 28,762,057 Basic earnings per common share $ 0.24 $ 0.51 $ 0.89 $ 1.54 Diluted earnings per common share $ 0.24 $ 0.51 $ 0.89 $ 1.53 Anti-dilutive employee stock options and awards outstanding — — — —

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	15. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Disclosures about Fair Value of Financial Instruments Fair value estimates, methods and assumptions are set forth below for our financial instruments. Short-Term Financial Instruments The carrying values of short-term financial instruments are deemed to approximate fair values. Such instruments are considered readily convertible to cash and include cash and due from financial institutions, interest-bearing deposits in other financial institutions, accrued interest receivable, the majority of Federal Home Loan Bank advances and other short-term borrowings, and accrued interest payable. Investment Securities The fair value of investment securities is based on market price quotations received from third-party pricing services. The third-party pricing services utilize pricing models supported with timely market data information. Where quoted market prices are not available, fair values are based on quoted market prices of comparable securities. Loans Fair values of loans are estimated based on discounted cash flows of portfolios of loans with similar financial characteristics including the type of loan, interest terms and repayment history. Fair values are calculated by discounting scheduled cash flows through estimated maturities using estimated market discount rates. Estimated market discount rates are reflective of credit and interest rate risks inherent in the Company's various loan types and are derived from available market information, as well as specific borrower information. As of September 30, 2020, the weighted average discount rate used in the valuation of loans was 4.78%. In accordance with ASU 2016-01, the fair value of loans are measured based on the notion of exit price. Loans Held for Sale The fair value of loans classified as held for sale are generally based upon quoted prices for similar assets in active markets, acceptance of firm offer letters with agreed upon purchase prices, discounted cash flow models that take into account market observable assumptions, or independent appraisals of the underlying collateral securing the loans. We report the fair values of Hawaii and U.S. Mainland construction and commercial real estate loans, if any, net of applicable selling costs on our consolidated balance sheets. Deposit Liabilities The fair values of deposits with no stated maturity, such as noninterest-bearing demand deposits and interest-bearing demand and savings accounts, are equal to the amount payable on demand. The fair value of time deposits is estimated using discounted cash flow analyses. As of September 30, 2020, the weighted average discount rate used in the valuation of time deposits was 0.41%. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. Long-Term Debt The fair value of our long-term debt is estimated by discounting scheduled cash flows over the contractual borrowing period at the estimated market rate for similar borrowing arrangements. As of September 30, 2020, the weighted average discount rate used in the valuation of long-term debt was 2.83%. Derivatives The fair values of derivative financial instruments are based upon current market values, if available. If there are no relevant comparables, fair values are based on pricing models using current assumptions for interest rate swaps and options. Off-Balance Sheet Financial Instruments The fair values of off-balance sheet financial instruments are estimated based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties, current settlement values or quoted market prices of comparable instruments. Limitations Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time our entire holdings of a particular financial instrument. Because no market exists for a significant portion of our financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of future business and the value of assets and liabilities that are not considered financial instruments. For example, significant assets and liabilities that are not considered financial assets or liabilities include deferred tax assets, premises and equipment and intangible assets. Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant September 30, 2020 Financial assets: Cash and due from banks $ 89,665 $ 89,665 $ 89,665 $ — $ — Interest-bearing deposits in other banks 5,489 5,489 5,489 — — Investment securities 1,167,523 1,167,523 1,204 1,153,791 12,528 Loans held for sale 23,962 23,962 — 23,962 — Net loans 4,950,084 4,844,662 — — 4,844,662 Accrued interest receivable 21,478 21,478 21,478 — — Financial liabilities: Deposits: Noninterest-bearing demand 1,762,476 1,762,476 1,762,476 — — Interest-bearing demand and savings and money market 2,995,227 2,995,227 2,995,227 — — Time 921,226 922,223 — — 922,223 Short-term borrowings 206,000 206,000 — 206,000 — Long-term debt 101,547 90,690 — — 90,690 Accrued interest payable (included in other liabilities) 1,608 1,608 1,608 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant September 30, 2020 Derivatives: Interest rate lock commitments $ 2,927 $ 111 $ 111 $ — $ 111 $ — Forward sale commitments 19,341 (73) (73) — (73) — Risk participation agreement 28,800 (54) (54) — — (54) Off-balance sheet financial instruments: Commitments to extend credit 1,195,510 1,368 1,368 — 1,368 — Standby letters of credit and financial guarantees written 10,842 163 163 — 163 — Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2019 Financial assets: Cash and due from banks $ 78,418 $ 78,418 $ 78,418 $ — $ — Interest-bearing deposits in other banks 24,554 24,554 24,554 — — Investment securities 1,128,110 1,128,110 1,127 1,115,728 11,255 Loans held for sale 9,083 9,083 — 9,083 — Net loans 4,401,569 4,392,477 — — 4,392,477 Accrued interest receivable 16,500 16,500 16,500 — — Financial liabilities: Deposits: Noninterest-bearing demand 1,450,532 1,450,532 1,450,532 — — Interest-bearing demand and savings and money market 2,643,038 2,643,038 2,643,038 — — Time 1,026,453 1,023,362 — — 1,023,362 Short-term borrowings 150,000 150,000 — 150,000 — Long-term debt 101,547 97,827 — 97,827 — Accrued interest payable (included in other liabilities) 4,288 4,288 4,288 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2019 Derivatives: Interest rate lock commitments $ 625 $ 8 $ 8 $ — $ 8 $ — Forward sale commitments 8,968 (28) (28) — (28) — Off-balance sheet financial instruments: Commitments to extend credit 1,089,135 1,230 1,230 — 1,230 — Standby letters of credit and financial guarantees written 10,526 158 158 — 158 — Fair Value Measurements We group our financial assets and liabilities at fair value into three levels based on the markets in which the financial assets and liabilities are traded and the reliability of the assumptions used to determine fair value as follows: • Level 1 — Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities traded in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. • Level 2 — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. • Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of discounted cash flow models and similar techniques that requires the use of significant judgment or estimation. We base our fair values on the price that we would expect to receive if an asset were sold, or the price that we would expect to pay to transfer a liability in an orderly transaction between market participants at the measurement date. We also maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. We use fair value measurements to record adjustments to certain financial assets and liabilities and to determine fair value disclosures. Available-for-sale and equity securities and derivatives are recorded at fair value on a recurring basis. From time to time, we may be required to record other financial assets at fair value on a nonrecurring basis such as loans held for sale, impaired loans, mortgage servicing rights, and other real estate owned. These nonrecurring fair value adjustments typically involve application of the lower of cost or fair value accounting or write-downs of individual assets. There was one transfer into Level 3 of the fair value hierarchy for long-term debt during the three and nine months ended September 30, 2020. There were no transfers of financial assets and liabilities out of Level 3 of the fair value hierarchy during the three and nine months ended September 30, 2020. The following tables present the fair value of assets and liabilities measured on a recurring basis as of September 30, 2020 and December 31, 2019: Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant September 30, 2020 Available-for-sale securities: Debt securities: States and political subdivisions $ 168,589 $ — $ 157,055 $ 11,534 Corporate securities 50,558 — 50,558 — U.S. Treasury obligations and direct obligations of U.S Government agencies 34,944 — 34,944 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 763,326 — 763,326 — Commercial - U.S. Government agencies and sponsored entities 73,786 — 73,786 — Residential - Non-government agencies 28,676 — 27,682 994 Commercial - Non-government agencies 46,440 — 46,440 — Total available-for-sale securities 1,166,319 — 1,153,791 12,528 Equity securities 1,204 1,204 — — Derivatives: Interest rate lock and forward sale commitments (16) — 38 (54) Total $ 1,167,507 $ 1,204 $ 1,153,829 $ 12,474 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant December 31, 2019 Available-for-sale securities: Debt securities: States and political subdivisions $ 122,018 $ — $ 110,763 $ 11,255 Corporate securities 30,529 — 30,529 — U.S. Treasury obligations and direct obligations of U.S Government agencies 40,381 — 40,381 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 677,822 — 677,822 — Commercial - U.S. Government agencies and sponsored entities 81,225 — 81,225 — Residential - Non-government agencies 37,191 — 37,191 — Commercial - Non-government agencies 137,817 — 137,817 — Total available-for-sale securities 1,126,983 — 1,115,728 11,255 Equity securities 1,127 1,127 — — Derivatives: Interest rate lock and forward sale commitments (20) — (20) — Total $ 1,128,090 $ 1,127 $ 1,115,708 $ 11,255 For the nine months ended September 30, 2020 and 2019, the changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows: Available-For-Sale Debt Securities: (dollars in thousands) States and Political Subdivisions Residential - Non-Government Agencies Total Balance at December 31, 2019 $ 11,255 $ — $ 11,255 Principal payments received (319) — (319) Unrealized net gain included in other comprehensive income 598 — 598 Purchases — 994 994 Balance at September 30, 2020 $ 11,534 $ 994 $ 12,528 Balance at December 31, 2018 $ 11,169 $ — $ 11,169 Principal payments received (285) — (285) Unrealized net gain included in other comprehensive income 618 — 618 Purchases — — — Balance at September 30, 2019 $ 11,502 $ — $ 11,502 Within the states and political subdivisions available-for-sale debt securities category, the Company holds four mortgage revenue bonds issued by the City & County of Honolulu with an aggregate fair value of $11.5 million and $11.5 million at September 30, 2020 and September 30, 2019, respectively. Within the residential non-government agency available-for-sale debt securities category, the Company purchased two mortgage backed bonds issued by Habitat for Humanity with a fair value of $1.0 million. The Company estimates the aggregate fair value of $12.5 million by using a discounted cash flow model to calculate the present value of estimated future principal and interest payments. The significant unobservable input used in the fair value measurement of the Company's mortgage revenue bonds and Habitat for Humanity mortgage backed bonds is the weighted average discount rate. As of September 30, 2020, the weighted average discount rate utilized was 2.79% compared to 3.94% at September 30, 2019 and 4.08% at December 31, 2019, which was derived by incorporating a credit spread over the FHLB Fixed-Rate Advance curve. Significant increases (decreases) in the weighted average discount rate could result in a significantly lower (higher) fair value measurement. The following table presents the fair value of assets measured on a nonrecurring basis and the level of valuation assumptions used to determine the respective fair values as of September 30, 2020 and December 31, 2019: Fair Value Measurements Using (dollars in thousands) Fair Value Quoted Prices Significant Significant September 30, 2020 Other real estate (1) $ 128 $ — $ 128 $ — December 31, 2019 Other real estate (1) $ 164 $ — $ 164 $ — (1) Represents other real estate that is carried at fair value less costs to sell. Fair value is generally based upon independent market prices or appraised values of the collateral.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
	Sep. 30, 2020
Legal Proceedings [Abstract]
LEGAL PROCEEDINGS	16. LEGAL PROCEEDINGSWe are involved in legal actions, but do not believe the ultimate disposition of those actions will have a material adverse impact on our results of operations or consolidated financial statements.

SUBSEQUENT EVENTS SUBSEQUENT EV

SUBSEQUENT EVENTS SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS On October 20, 2020, the Company completed its private placement with registration rights of $55.0 million in ten The Notes have been structured to qualify initially as Tier 2 capital for the Company for regulatory capital purposes. The Company intends to use the net proceeds from the offering for general corporate purposes and capital flexibility.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements of Central Pacific Financial Corp. and Subsidiaries (herein referred to as the "Company," "we," "us" or "our") have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These interim condensed consolidated financial statements and notes should be read in conjunction with the Company's consolidated financial statements and notes thereto filed on Form 10-K for the fiscal year ended December 31, 2019. In the opinion of management, all adjustments necessary for a fair presentation have been made and include all normal recurring adjustments. Interim results of operations are not necessarily indicative of results to be expected for the year.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In January 2020, we acquired a 50% ownership interest in a mortgage loan origination and brokerage company, Oahu HomeLoans, LLC. The bank concluded that the investment meets the consolidation requirements under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, "Consolidation." The bank concluded that the entity meets the definition of a variable interest entity and that we are the primary beneficiary of the variable interest entity. Accordingly, the investment has been consolidated into our financial statements. We also have non-controlling equity investments in affiliates that are accounted for under the cost method and are included in investment in unconsolidated subsidiaries. Our investments in unconsolidated subsidiaries accounted for under the equity, proportional amortization and cost methods were $0.2 million, $28.4 million and $1.6 million, respectively, at September 30, 2020 and $0.2 million, $15.3 million and $1.6 million, respectively, at December 31, 2019. Our policy for determining impairment of these investments includes an evaluation of whether a loss in value of an investment is other than temporary. Evidence of a loss in value includes absence of an ability to recover the carrying amount of the investment or the inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. We perform impairment tests whenever indicators of impairment are present. If the value of an investment declines and it is considered other than temporary, the investment is written down to its respective fair value in the period in which this determination is made. The Company sponsors the Central Pacific Bank Foundation, which is not consolidated in the Company's financial statements.
Reclassification, Policy [Policy Text Block]	Reclassifications In the first quarter of 2020, the Company reassessed the alignment of its reportable segments and combined its three reportable segments (Banking Operations, Treasury and All Others segments) into a single operating segment. We believe this change better reflects how the Company's Executive Committee, or its chief operating decision maker ("CODM"), manages, allocates resources and assesses performance of the activities of the Company. The Company also believes that this change is better aligned with how the Company's CODM manages its business. Segment results for 2019 have been reclassified to reflect the realignment of the Company’s reportable segments and be comparable to the segment results for 2020. This change in reportable segments did not have an impact on the Company's previously reported historical consolidated financial statements. Investment Securities Investments in debt securities are designated as trading, available-for-sale ("AFS"), or held-to-maturity ("HTM"). Investments in debt securities are designated as HTM only if we have the positive intent and ability to hold these securities to maturity. HTM securities are reported at amortized cost in the consolidated balance sheets. Trading securities are reported at fair value, with changes in fair value included in net income. Debt securities not classified as HTM or trading are classified as AFS and are reported at fair value, with net unrealized gains and losses, net of applicable taxes, excluded from net income and included in accumulated other comprehensive income (loss) ("AOCI"). Equity securities with readily determinable fair values are carried at fair value, with changes in fair value included in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. The Company classifies its investment securities portfolio into the following major security types: mortgage-backed securities ("MBS"), other debt securities and equity securities. The Company’s MBS portfolio is comprised primarily of residential MBS issued by United States of America ("U.S.") government entities and agencies. These securities are either explicitly or implicitly guaranteed by an agency of the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The remainder of the MBS portfolio are commercial MBS issued by U.S government entities and agencies (which there is no minimum credit rating), non-agency residential MBS (which shall meet a minimum credit rating of AAA) and non-agency commercial MBS (which shall meet a minimum credit rating of BBB and meet minimum internal credit guidelines). The Company’s other debt securities portfolio is comprised of obligations issued by U.S. government entities and agencies, obligations issued by states and political subdivisions (which shall meet a minimum credit rating of BBB), and corporate bonds (which shall meet a minimum credit rating of BBB-). Interest income on investment securities includes amortization of premiums and accretion of discounts. We amortize premiums to the earliest call date. We accrete discounts associated with investment securities using the effective interest method over the life of the respective security instrument. Gains and losses on the sale of investment securities are recorded on the trade date and determined using the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days delinquent. Interest accrued but not received for a security placed on non-accrual status is reversed against current period interest income. There were no investment securities on nonaccrual status as of September 30, 2020 and the Company did not reverse any accrued interest against interest income during the three and nine months ended September 30, 2020. Allowance for Credit Losses (“ACL”) for AFS Debt Securities AFS debt securities in an unrealized loss position are evaluated for impairment at least quarterly. For AFS debt securities in an unrealized loss position, the Company first assesses whether or not it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the investment security’s amortized cost basis is written down to fair value through net income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In conducting this assessment for debt securities in an unrealized loss position, management evaluates the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the investment security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in AOCI. Changes in the ACL are recorded as a provision for (or reversal of) credit losses. Losses are charged against the ACL when management believes the uncollectibility of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As of September 30, 2020, the declines in market values of our AFS debt securities were primarily attributable to changes in interest rates and volatility in the financial markets. Because we have no intent to sell securities in an unrealized loss position and it is not more likely than not that we will be required to sell such securities before recovery of its amortized cost basis, we do not believe a credit loss exists and an ACL was not recorded. The Company has made a policy election to exclude accrued interest receivable from the amortized cost basis of debt securities and report accrued interest receivable together with accrued interest on loans in the consolidated balance sheets. Accrued interest receivable on AFS debt securities totaled $4.2 million as of September 30, 2020. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. ACL for HTM Debt Securities Management measures expected credit losses on HTM debt securities on a collective basis by major security type. For pools of such securities with common risk characteristics, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources. Expected credit losses for these securities are estimated using a loss rate methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Expected credit loss on each security in the HTM portfolio that do not share common risk characteristics with any of the pools of debt securities is individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the recorded amortized cost basis of the security. Accrued interest on HTM debt securities is reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses. The Company did not have any HTM debt securities as of September 30, 2020. Federal Home Loan Bank Stock We are a member of the Federal Home Loan Bank of Des Moines (the "FHLB"). The bank is required to obtain and hold a specific number of shares of capital stock of the FHLB equal to the sum of a membership investment requirement and an activity-based investment requirement. The securities are reported at cost and are presented separately in the consolidated balance sheets. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost, net of the ACL. Amortized cost is the unpaid principal amount outstanding, net of unamortized purchase premiums and discounts, unamortized deferred loan origination fees and costs and cumulative principal charge-offs. Purchase premiums and discounts are generally amortized into interest income over the contractual terms of the underlying loans using the effective interest method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the life of the related loan as an adjustment to yield and are amortized using the interest method over the contractual term of the loan, adjusted for actual prepayments. Deferred loan fees and costs on loans paid in full are recognized as a component of interest income on loans. Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $17.3 million at September 30, 2020 and is reported together with accrued interest on AFS debt securities on the consolidated balance sheets. Upon adoption of ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” the Company made the accounting policy election to not measure an estimate of credit losses on accrued interest receivable as the Company writes off any uncollectible accrued interest receivable in a timely manner. The Company believes COVID-19 modified loans have distinct risk characteristics that cause them to be monitored and assessed for credit risk differently than their unmodified counterparts. Thus, in the third quarter of 2020, the Company elected to measure a reserve on the accrued interest receivable for loans on active payment forbearance or deferral. As a result, during the third quarter of 2020, the Company recorded a reserve of $0.2 million against accrued interest receivable with the offset recorded to provision for credit losses. Nonaccrual Loans The Company determines delinquency status by considering the number of days full payments required by the contractual terms of the loan are past due. Loans are generally placed on nonaccrual status when principal and/or interest payments are 90 days past due, or earlier should management determine that the borrowers will be unable to meet contractual principal and/or interest obligations, unless the loans are well-secured and in the process of collection. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income should management determine that the collectability of such accrued interest is doubtful. All subsequent receipts are applied to principal outstanding and no interest income is recognized unless the financial condition and payment record of the borrowers warrant such recognition and the loan is restored to accrual status. A nonaccrual loan may be restored to an accrual basis when principal and interest payments are current for a predetermined period, normally at least six months, and full payment of principal and interest is reasonably assured. Troubled Debt Restructuring (“TDR”) A loan is accounted for and reported as a TDR when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) the Company grants a concession to the borrower experiencing financial difficulty that it would not otherwise consider for a borrower or transaction with similar credit risk characteristics. A restructuring that results in only an insignificant delay in payment is not considered a concession. A delay may be considered insignificant if the payments subject to the delay are insignificant relative to the unpaid principal or collateral value and the contractual amount due, or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the debt’s original contractual maturity or original expected duration. TDRs that are performing and on accrual status as of the date of the modification remain on accrual status. TDRs that are nonperforming as of the date of modification generally remain as nonaccrual until the prospect of future payments in accordance with the modified loan agreement is reasonably assured, generally demonstrated when the borrower maintains compliance with the restructured terms for a predetermined period, normally at least six months. TDRs with temporary below-market concessions remain designated as a TDR regardless of the accrual or performance status until the loan is paid off. Expected credit losses are estimated on a collective (pool) basis when they share similar risk characteristics. If a TDR financial asset shares similar risk characteristics with other financial assets, it is evaluated with those other financial assets on a collective basis. If it does not share similar risk characteristics with other financial assets, it is evaluated individually. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed TDRs are evaluated to determine the required ACL using the same method as all other loans held for investment, except when the value of a concession cannot be measured using a method other than the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest rate of the loan. Based on the underlying risk characteristics, TDRs performing in accordance with their modified contractual terms may be collectively evaluated. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the COVID-19 pandemic and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the CARES Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as TDRs. The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. Section 4013 and the interagency guidance are being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. Future TDRs are indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic . ACL for Loans Under the current expected credit loss methodology, the ACL for loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Our policy is to charge off a loan in the period in which the loan is deemed to be uncollectible and all interest previously accrued but not collected is reversed against current period interest income. We consider a loan to be uncollectible when it is probable that a loss has been incurred and the Company can make a reasonable estimate of the loss. In these instances, the likelihood of and/or timeframe for recovery of the amount due is uncertain, weak, or protracted. Subsequent receipts, if any, are credited first to the remaining principal, then to the ACL for loans as recoveries, and finally to unaccrued interest. The ACL for loans represents management's estimate of all expected credit losses over the expected life of our existing loan portfolio. Management estimates the ACL balance using relevant available information about the collectability of cash flows, from internal and external sources, including historical information relating to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. When the Company is unable to forecast future economic events, management may revert to historical information. The Company's methodologies incorporate a reasonable and supportable forecast period of one year and revert to historical loss information on a straight-line basis over one year when its forecast is no longer deemed reasonable and supportable. The Company maintains an ACL at an appropriate level as of a given balance sheet date to absorb management’s best estimate of expected life of loan credit losses. Historical credit loss experience provides the basis for the Company’s expected credit loss estimate. Adjustments to historical loss information may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, or when historical asset terms do not reflect the contractual terms of the financial assets being evaluated. The ACL methodology may also consider other adjustments to address changes in conditions, trends, and circumstances such as local industry changes that could have a significant impact on the risk profile of the loan portfolio and provide for losses in the loan portfolio that may not be reflected and/or captured in the historical loss data. These factors include: lending policies, imprecision in forecasting future economic conditions, loan profile, lending staff, problem loan trends, loan review, collateral, credit concentration and other internal and external factors. The Company uses the Moody’s Analytics forecasting service for the economic forecast considered in its ACL methodology. The Moody’s Analytics forecast includes both National and Hawaii specific economic indicators. The Moody’s forecast is widely used in the industry and is reasonable and supportable. The Moody’s Analytics forecast is updated at least monthly and includes a variety of economic scenarios. Generally the Company will use the most recent consensus forecast from Moody’s as of the balance sheet date. During times of economic and market volatility or instability, the Company may include a qualitative factor for forecast imprecision that factors in other potential economic scenarios available by Moody’s Analytics or may apply overrides to its statistical models to enhance the reasonableness of its loss estimates. The ACL is measured on a collective or pool basis when similar risk characteristics exist. The Company segments its portfolio generally by Federal Financial Institutions Examination Council ("FFIEC") Call Report codes. Loan pools are further segmented by risk utilizing risk ratings or bands of payment delinquency (including TDR or non-accrual status), depending on what is most appropriate for each segment. Additional sub-segmentation may be utilized to identify groups of loans with unique risk characteristics relative to the rest of the portfolio. The Company relies on a third-party platform which offers multiple methodologies to measure historical life-of-loan losses. The Company has also developed statistical models internally to incorporate future economic conditions and forecast expected credit losses based on various macro-economic indicators such as unemployment and income levels. The Company has identified the following portfolio segments to measure the allowance for credit losses: Loan Segment Historical Lifetime Loss Method Historical Economic Reversion Method Construction Probability of Default/Loss Given Default ("PD/LGD") 2008-Present One Year One Year (straight-line basis) Commercial real estate Loss-Rate Migration 2008-Present Multi-family mortgage PD/LGD 2008-Present Commercial, financial and agricultural Loss-Rate Migration 2008-Present Home equity lines of credit Loss-Rate Migration 2008-Present Residential mortgage Loss-Rate Migration 2008-Present Consumer - other revolving Loss-Rate Migration 2008-Present Consumer - non-revolving Loss-Rate Migration 2008-Present Purchased Mainland portfolios (Dealer, Other consumer) Weighted-Average Remaining Maturity ("WARM") 2008-Present Below is a description and the risk characteristics of each segment: Construction loans Construction loans include both residential and commercial development projects. Each construction project is evaluated for economic viability and construction loans pose higher credit risks than typical secured loans. Financial strength of the borrower, completion risk (the risk that the project will not be completed on time and within budget) and geographic location are the predominant risk characteristics of this segment. Commercial real estate loans Commercial real estate loans are secured by commercial properties. The predominant risk characteristic of this segment is operating risk, which is the risk that the borrower will be unable to generate sufficient cash flows from the operation of the property. Interest rate conditions and the commercial real estate market through economic cycles also impact risk levels. Multi-family mortgage loans Multi-family mortgage loans can comprise multi-building properties with extensive amenities to a single building with no amenities. The primary risk characteristic of this segment is operating risk or the ability to generate sufficient rental cash flows from the operation of the property within the owner’s strategy and resources. Commercial, financial and agricultural loans Loans in this category consist primarily of term loans and lines of credit to small and middle-market businesses and professionals. The predominant risk characteristics of this segment are the cash flows of the business we lend to, global cash flows including guarantor liquidity, as well as economic and market conditions. The borrower’s business is typically regarded as the principal source of repayment, though our underwriting policy and practice generally requires secondary sources of support or collateral to mitigate risk. Paycheck Protection Program (“PPP”) loans are also in this category and are considered lower risk as they are guaranteed by the Small Business Administration (“SBA”) and may be forgivable in whole or in part in accordance with the requirements of the PPP. Home equity lines of credit Home equity lines of credit include fixed or floating interest rate loans and are secured by single-family owner-occupied primary residences in Hawaii. They are underwritten based on a minimum FICO score, maximum debt-to-income ratio, and maximum combined loan-to-value ratio. Home equity lines of credit are monitored based on credit score, delinquency, end of draw period and maturity. Residential mortgage loans Residential mortgage loans include fixed-rate and adjustable-rate loans primarily secured by single-family owner-occupied primary residences in Hawaii. Economic conditions such as unemployment levels, future changes in interest rates and other market factors impact the level of credit risk inherent in the portfolio. Consumer loans - other revolving This segment consists of consumer unsecured lines of credit. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Consumer loans - non-revolving This segment consists of consumer non-revolving loans, including dealer loans. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Purchased consumer portfolios Credit risk for purchased consumer loans is managed on a pooled basis. The predominant risk characteristics of purchased consumer loans include current and projected economic conditions, employment and income levels, and the quality of purchased consumer loans. Below is a description of the methodologies mentioned above: PD/LGD The PD/LGD calculation is based on a cohort methodology whereby loans in the same cohort are tracked over time to identify defaults and corresponding losses. PD/LGD analysis requires a portfolio segmented into pools, and we elected to then further sub-segment by risk characteristics such as Risk Rating, days past due, delinquency counters, TDR status and Nonaccrual status to measure losses accurately. PD measures the count or dollar amount of loans that defaulted in a given cohort. LGD measures the losses related to the loans that defaulted. Total loss rate is calculated using the formula ‘PD times LGD’. Migration Migration analysis is a cohort-based approach that measures cumulative net charge-offs over a defined time-horizon to calculate a loss rate that will be applied to the loan pool. Migration analysis requires the portfolio to be segmented into pools then further sub-segmented by risk characteristics such as risk rating, days past due, delinquency counters, TDR status and Nonaccrual status to measure loss rates accurately. The key inputs to run a migration analysis are the length and frequency of the migration period, the dates for the migration periods to start and the number of migration periods used for the analysis. For each migration period, the analysis will determine the outstanding balance in each segment and/or sub-segment at the start of each period. These loans will then be followed for the length of the migration period to identify the amount of associated charge-offs and recoveries. A loss rate for each migration period is calculated using the formula 'net charge-offs over the period divided by beginning loan balance. WARM Under the WARM methodology, lifetime losses are calculated by determining the remaining life of the loan pool and then applying a loss rate which includes a forecast component over this remaining life. The methodology considers historical loss experience as well as a loss forecast expectation to estimate credit losses for the remaining balance of the loan pool. The calculated loss rate is applied to the contractual term (adjusted for prepayments) to determine the loan pool’s current expected credit losses. Other If a loan ceases to share similar risk characteristics with other loans in its segment, it will be moved to a different pool sharing similar risk characteristics. Loans that do not share risk characteristics are evaluated on an individual basis based on the fair value of the collateral or other approaches such as discounted cash flow (“DCF”) techniques. Loans evaluated individually are not included in the collective evaluation. Determining the Term Expected credit losses are estimated over the contractual term of the loans and are adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring will be executed with an individual borrower or the extension or renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. If such renewal options or extensions are present, these options are evaluated in determining the contractual term. Reserve for Off-Balance Sheet Credit Exposures The Company maintains a separate and distinct reserve for off-balance-sheet credit exposures which is included in other liabilities on the Company’s consolidated balance sheets. The Company estimates the amount of expected losses by calculating a commitment usage factor for letters of credit, non-revolving lines of credit, and revolving lines of credit over the remaining life during which the Company is exposed to credit risk via a contractual obligation to extend credit. Letters of credit are generally unlikely to advance since they are typically in place only to ensure various forms of performance of the borrowers. Many of the letters of credit are cash secured. Non-revolving lines of credit are determined to be likely to advance as these are typically construction lines. Meanwhile, the likelihood of revolving lines of credit advancing varies with each individual borrower. Therefore, the future usage of each line was estimated based on the average line utilization of the revolving line of credit portfolio as a whole. The estimate also applies the loss factors for each loan type used in the ACL for loans methodology, which is based on historical losses, economic conditions and reasonable and supportable forecasts. The reserve for off-balance sheet credit exposures is adjusted as a provision for off-balance sheet credit exposures in other operating expense. Purchased Credit Deteriorated (“PCD”) Financial Assets The Company has purchased financial assets, none of which were credit deteriorated since origination at the time of purchase. The Company does not purchase any financial assets that are greater than 30 days delinquent at the time of purchase. PCD financial assets, if any, are recorded at the amount paid. An ACL for PCD financial assets will be determined using the same methodology as other financial assets. The initial ACL determined on a collective basis is allocated to individual financial assets. The sum of the financial asset’s purchase price and the ACL becomes its initial amortized cost. The difference between the initial amortized costs basis and the par value of the financial asset is a noncredit discount or premium, which is amortized into interest income over the life of the loan. Subsequent changes to the ACL are recorded through the provision for credit losses.

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	2. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Standards Adopted in 2020 On January 1, 2020, the Company adopted ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which replaces the incurred loss methodology (Allowance for Loan and Leases Losses or "ALLL") with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and HTM debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. In addition, ASC 326 made changes to accounting for AFS debt securities. One such change is to require credit losses to be presented as an allowance rather than a write-down on AFS debt securities if management intends to sell or believes that it is more likely than not they will be required to sell the debt security before recovery of the amortized cost basis. The Company adopted ASU 2016-13 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for the reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable generally accepted accounting principles (“GAAP”). The Company recorded a net decrease to retained earnings (or a net increase to accumulated deficit) of $3.2 million as of January 1, 2020 for the cumulative effect of adopting ASU 2016-13. The transition adjustment includes increases of $3.6 million to the ACL for loans and $0.7 million to other liabilities, which includes the reserve for off-balance sheet credit exposures, offset by a $1.1 million increase to other assets for the related impact to net deferred tax assets. The following table illustrates the impact of ASC 326: January 1, 2020 (dollars in thousands) As Reported Pre-ASC 326 Impact of Assets: Allowance for credit losses on loans: Commercial, financial & industrial $ (7,509) $ (8,136) $ 627 Real estate: Construction (2,271) (1,792) (479) Residential mortgage (13,935) (13,327) (608) Home equity (2,592) (4,206) 1,614 Commercial mortgage (13,737) (11,113) (2,624) Consumer (11,493) (9,397) (2,096) Subtotal $ (51,537) $ (47,971) $ (3,566) Net deferred tax assets (included in other assets) $ 17,692 $ 16,541 $ 1,151 Liabilities: Reserve for off-balance sheet credit exposures (included in other liabilities) $ (2,012) $ (1,272) $ (740) Equity: Accumulated deficit $ 22,257 $ 19,102 $ 3,155 In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement." The ASU is part of the FASB's disclosure framework project to improve the effectiveness of disclosures in the notes to financial statements by facilitating clear communication of the information required by generally accepted accounting principles. The ASU modifies disclosure requirements on fair value measurements in Topic 820. The Company adopted ASU 2018-13 effective January 1, 2020. ASU 2018-13 did not have a material impact on disclosures in our consolidated financial statements. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the novel coronavirus pandemic ("COVID-19") and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as troubled debt restructurings (TDRs). The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. This interagency guidance is being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. Future TDRs are indeterminable and will depend on future developments, which are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic . Impact of Other Recently Issued Accounting Pronouncements on Future Filings In August 2018, the FASB issued ASU 2018-14, "Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans." Like ASU 2018-13, this ASU is part of the FASB's disclosure framework project. This ASU modifies disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for the Company's reporting period beginning January 1, 2021. Early adoption is permitted. Based on preliminary evaluation, the ASU will not have a material impact on disclosures in our consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848)."

RECENT ACCOUNTING PRONOUNCEME_3

RECENT ACCOUNTING PRONOUNCEMENTS (Tables)	9 Months Ended
	Sep. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table illustrates the impact of ASC 326: January 1, 2020 (dollars in thousands) As Reported Pre-ASC 326 Impact of Assets: Allowance for credit losses on loans: Commercial, financial & industrial $ (7,509) $ (8,136) $ 627 Real estate: Construction (2,271) (1,792) (479) Residential mortgage (13,935) (13,327) (608) Home equity (2,592) (4,206) 1,614 Commercial mortgage (13,737) (11,113) (2,624) Consumer (11,493) (9,397) (2,096) Subtotal $ (51,537) $ (47,971) $ (3,566) Net deferred tax assets (included in other assets) $ 17,692 $ 16,541 $ 1,151 Liabilities: Reserve for off-balance sheet credit exposures (included in other liabilities) $ (2,012) $ (1,272) $ (740) Equity: Accumulated deficit $ 22,257 $ 19,102 $ 3,155

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Summary of available for sale and held to maturity investment securities	are as follows: (dollars in thousands) Amortized Gross Gross Fair ACL September 30, 2020 Available-for-sale: Debt securities: States and political subdivisions $ 163,642 $ 5,239 $ (292) $ 168,589 $ — Corporate securities 50,318 471 (231) 50,558 — U.S. Treasury obligations and direct obligations of U.S Government agencies 35,115 41 (212) 34,944 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 743,786 20,395 (855) 763,326 — Commercial - U.S. Government agencies and sponsored entities 71,335 2,451 — 73,786 — Residential - Non-government agencies 27,525 1,185 (34) 28,676 — Commercial - Non-government agencies 44,814 1,641 (15) 46,440 — Total available-for-sale securities $ 1,136,535 $ 31,423 $ (1,639) $ 1,166,319 $ — The amortized cost, gross unrealized gains and losses and fair value of AFS debt securities are as follows: (dollars in thousands) Amortized Gross Gross Fair December 31, 2019 Available-for-sale: Debt securities: States and political subdivisions $ 119,755 $ 2,303 $ (40) $ 122,018 Corporate securities 30,277 252 — 30,529 U.S. Treasury obligations and direct obligations of U.S Government agencies 40,769 10 (398) 40,381 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 673,918 6,003 (2,099) 677,822 Commercial - U.S. Government agencies and sponsored entities 80,773 1,198 (746) 81,225 Residential - Non-government agencies 36,377 830 (16) 37,191 Commercial - Non-government agencies 134,676 3,141 — 137,817 Total available-for-sale securities $ 1,116,545 $ 13,737 $ (3,299) $ 1,126,983 The amortized cost and fair value of our equity investment securities is as follows: (dollars in thousands) Amortized Cost Fair Value September 30, 2020 Equity securities $ 1,027 $ 1,204 December 31, 2019 Equity securities 935 1,127
Schedule of amortized cost and estimated fair value of investment securities by contractual maturity	The amortized cost and estimated fair value of our AFS debt securities at September 30, 2020 are shown below by contractual maturity. Expected maturities may differ from contractual maturities because issuers may 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. September 30, 2020 (dollars in thousands) Amortized Cost Fair Value Available-for-sale: Due in one year or less $ 27,260 $ 27,378 Due after one year through five years 40,800 42,098 Due after five years through ten years 89,879 92,226 Due after ten years 91,136 92,389 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 743,786 763,326 Commercial - U.S. Government agencies and sponsored entities 71,335 73,786 Residential - Non-government agencies 27,525 28,676 Commercial - Non-government agencies 44,814 46,440 Total available-for-sale securities $ 1,136,535 $ 1,166,319
Schedule of investment securities in an unrealized loss position	There were a total of 48 and 81 AFS debt securities which were in an unrealized loss position, without an ACL, at September 30, 2020 and December 31, 2019, respectively. The following tables summarize AFS debt securities which were in an unrealized loss position at September 30, 2020 and December 31, 2019, aggregated by major security type and length of time in a continuous unrealized loss position. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2020 Debt securities: States and political subdivisions $ 39,297 $ (292) $ — $ — $ 39,297 $ (292) Corporate securities 26,173 (231) — — 26,173 (231) U.S. Treasury obligations and direct obligations of U.S Government agencies 4,805 (30) 22,141 (182) 26,946 (212) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 122,914 (855) — — 122,914 (855) Residential - Non-government agencies 994 (34) — — 994 (34) Commercial - Non-government agencies 3,495 (15) — — 3,495 (15) Total temporarily impaired securities $ 197,678 $ (1,457) $ 22,141 $ (182) $ 219,819 $ (1,639) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2019 Debt securities: States and political subdivisions $ 1,754 $ (9) $ 801 $ (31) $ 2,555 $ (40) U.S. Treasury obligations and direct obligations of U.S Government agencies 18,882 (143) 19,031 (255) 37,913 (398) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 54,335 (283) 214,295 (1,816) 268,630 (2,099) Residential - Non-government agencies 8,206 (16) — — 8,206 (16) Commercial - U.S. Government-sponsored entities 32,067 (746) — — 32,067 (746) Total temporarily impaired securities $ 115,244 $ (1,197) $ 234,127 $ (2,102) $ 349,371 $ (3,299)

LOANS AND CREDIT QUALITY (Table

LOANS AND CREDIT QUALITY (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Schedule of loans and leases, excluding loans held for sale	Loans, excluding loans held for sale, net of ACL under ASC 326 as of September 30, 2020 and loans, excluding loans held for sale, net of ACL under previous GAAP as of December 31, 2019 consisted of the following: (dollars in thousands) September 30, 2020 December 31, 2019 Commercial, financial and agricultural: Small Business Administration Paycheck Protection Program $ 545,277 $ — Other 526,363 570,089 Real estate: Construction 118,519 96,139 Residential mortgage 1,676,457 1,595,801 Home equity 533,139 490,239 Commercial mortgage 1,143,209 1,124,911 Consumer 500,416 569,516 Gross loans 5,043,380 4,446,695 Net deferred (fees) costs (12,754) 2,845 Total loans, net of deferred fees and costs 5,030,626 4,449,540 Allowance for credit losses (80,542) (47,971) Total loans, net of allowance for credit losses $ 4,950,084 $ 4,401,569
Financing Receivable, Purchased With Credit Deterioration	The following table presents loans purchased by class for the periods presented: (dollars in thousands) Consumer - Unsecured Three Months Ended September 30, 2020 Purchases: Outstanding balance $ 6,960 Purchase premium (discount) (280) Purchase price $ 6,680 Nine Months Ended September 30, 2020 Purchases: Outstanding balance $ 41,272 Purchase premium (discount) (1,396) Purchase price $ 39,876 Three Months Ended September 30, 2019 Purchases: Outstanding balance $ 30,669 Purchase premium (discount) (1,176) Purchase price $ 29,493 Nine Months Ended September 30, 2019 Purchases: Outstanding balance $ 79,996 Purchase premium (discount) (1,176) Purchase price $ 78,820 Note: Purchases of unsecured consumer loans were made under forward flow purchase agreements.
Financing Receivable, Collateral-Dependent	The following table presents the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of September 30, 2020: (dollars in thousands) Secured by Secured by Secured by Total Allocated September 30, 2020 Commercial, financial and agricultural $ — $ — $ 1,371 $ 1,371 $ 213 Real estate: Residential mortgage 9,210 — — 9,210 — Home equity 533 — — 533 — Commercial mortgage — 7,558 — 7,558 307 Total $ 9,743 $ 7,558 $ 1,371 $ 18,672 $ 520
Schedule of impaired loans, by class	December 31, 2019 (dollars in thousands) Unpaid Recorded ALLL Impaired loans: Commercial, financial and agricultural $ 246 $ 135 $ — Real estate: Residential mortgage 7,230 6,516 — Home equity 92 92 — Commercial mortgage 1,839 1,839 — Total 9,407 8,582 — Impaired loans with an ACL recorded: Commercial, financial and agricultural 467 467 218 Consumer 17 17 17 Total 484 484 235 Total impaired loans $ 9,891 $ 9,066 $ 235
Schedule of average recorded investment and interest income recognized on impaired loans, by class	The following table presents by class, the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2019, as determined in accordance with ASC 310 prior to the adoption of ASU 2016-13: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 (dollars in thousands) Average Interest Average Interest Commercial, financial and agricultural $ 164 $ 2 $ 188 $ 7 Real estate: Construction — — 1,323 62 Residential mortgage 7,536 63 8,763 776 Home equity 190 — 332 13 Commercial mortgage 2,021 22 2,162 68 Total $ 9,911 $ 87 $ 12,768 $ 926
Schedule of aging of the recorded investment in past due loans and leases, by class	The following tables present by class, the aging of the recorded investment in past due loans as of September 30, 2020 and December 31, 2019. The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL under ASC 326 as of September 30, 2020 and under previous GAAP as of December 31, 2019. (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual September 30, 2020 Commercial, financial and agricultural - SBA PPP $ — $ — $ — $ — $ — $ 528,581 $ 528,581 $ — Commercial, financial and agricultural - Other 5,246 85 — 1,536 6,867 521,203 528,070 668 Real estate: Construction — — — — — 118,247 118,247 — Residential mortgage 12 556 588 4,032 5,188 1,674,872 1,680,060 4,032 Home equity 255 — — 533 788 533,268 534,056 533 Commercial mortgage 1,778 — — 6,889 8,667 1,132,598 1,141,265 4,296 Consumer 1,774 691 321 69 2,855 497,492 500,347 — Total $ 9,065 $ 1,332 $ 909 $ 13,059 $ 24,365 $ 5,006,261 $ 5,030,626 $ 9,529 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual December 31, 2019 Commercial, financial and agricultural $ 476 $ 865 $ — $ 467 $ 1,808 $ 568,496 $ 570,304 $ — Real estate: Construction 643 — — — 643 95,211 95,854 — Residential mortgage 1,830 589 724 979 4,122 1,595,679 1,599,801 979 Home equity 759 207 — 92 1,058 489,676 490,734 92 Commercial mortgage — 397 — — 397 1,123,018 1,123,415 — Consumer 3,223 943 286 17 4,469 564,963 569,432 — Total $ 6,931 $ 3,001 $ 1,010 $ 1,555 $ 12,497 $ 4,437,043 $ 4,449,540 $ 1,071
Schedule Of Debt Instrument, Deferrals	The following table sets forth loans on active payment forbearance or deferral as of September 30, 2020: (dollars in thousands) Loan Count Balance Accrued Interest Receivable Total Loans % of Total Loans Total Loans, excl. PPP % of Total Loans, excl. PPP Commercial, financial and agricultural 363 $ 64,298 $ 844 $ 1,056,651 6.1 % $ 528,070 12.2 % Real estate: Construction — — — 118,247 — % 118,247 — % Residential mortgage 216 103,130 1,803 1,680,060 6.1 % 1,680,060 6.1 % Home equity — — — 534,056 — % 534,056 — % Commercial mortgage 25 69,420 469 1,141,265 6.1 % 1,141,265 6.1 % Consumer 3,209 53,993 1,323 500,347 10.8 % 500,347 10.8 % Total loans 3,813 $ 290,841 $ 4,439 $ 5,030,626 5.8 % $ 4,502,045 6.5 %
Schedule of information related to loans modified in a TDR, by class	The following table presents by class, information related to loans modified in a TDR during the three and nine months ended September 30, 2020: (dollars in thousands) Number of Recorded Increase in the Three Months Ended September 30, 2020 Consumer 3 80 — Total 3 $ 80 $ — Nine Months Ended September 30, 2020 Real estate: Commercial mortgage 1 $ 281 $ — Consumer 11 214 — Total 12 $ 495 $ —
Schedule of recorded investment in loans and leases, by class and credit indicator	The following table presents the amortized cost basis of the Company's loans by class, credit quality indicator and origination year as of September 30, 2020. Revolving loans converted to term as of and during the three and nine months ended September 30, 2020 were not material to the total loan portfolio. Amortized Cost of Term Loans by Origination Year (dollars in thousands) 2020 2019 2018 2017 2016 Prior Amortized Cost of Revolving Loans Total September 30, 2020 Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ 528,581 $ — $ — $ — $ — $ — $ — $ 528,581 Subtotal 528,581 — — — — — — 528,581 Commercial, financial and agricultural - Other: Risk Rating Pass 68,156 63,398 60,700 43,948 41,585 91,001 78,224 447,012 Special Mention 4,958 11,714 8,784 31,839 2,123 13,757 420 73,595 Substandard 200 1,528 1,111 1,105 2,206 1,313 — 7,463 Subtotal 73,314 76,640 70,595 76,892 45,914 106,071 78,644 528,070 Construction: Risk Rating Pass 19,436 20,931 41,893 11,201 2,202 19,238 2,401 117,302 Special Mention — — 945 — — — — 945 Subtotal 19,436 20,931 42,838 11,201 2,202 19,238 2,401 118,247 Residential mortgage: Risk Rating Pass 416,073 302,683 141,156 159,808 197,665 456,398 — 1,673,783 Special Mention — — — 1,437 147 — — 1,584 Substandard — — 540 1,328 884 1,941 — 4,693 Loss — — — — — — — — Subtotal 416,073 302,683 141,696 162,573 198,696 458,339 — 1,680,060 Home equity: Risk Rating Pass 13,407 16,993 16,713 778 390 4,794 480,238 533,313 Special Mention — — — — — — 210 210 Substandard — — — — 204 329 — 533 Subtotal 13,407 16,993 16,713 778 594 5,123 480,448 534,056 Commercial mortgage: Risk Rating Pass 93,195 149,180 137,886 163,112 108,333 365,488 16,926 1,034,120 Special Mention — 2,602 24,134 7,685 13,623 24,137 — 72,181 Substandard — 2,593 11,500 1,998 4,296 14,577 — 34,964 Subtotal 93,195 154,375 173,520 172,795 126,252 404,202 16,926 1,141,265 Consumer: Risk Rating Pass 72,249 133,485 77,840 52,150 21,327 71,599 71,057 499,707 Special Mention — — — — — — 250 250 Substandard 27 11 40 9 1 168 — 256 Loss 15 — — 49 — 70 — 134 Subtotal 72,291 133,496 77,880 52,208 21,328 71,837 71,307 500,347 Total $ 1,216,297 $ 705,118 $ 523,242 $ 476,447 $ 394,986 $ 1,064,810 $ 649,726 $ 5,030,626 The following tables present the Company's loans by class and credit quality indicator as of September 30, 2020 and December 31, 2019: (dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Total September 30, 2020 Commercial, financial and agricultural: SBA PPP $ 545,277 $ — $ — $ — $ 545,277 $ (16,696) $ 528,581 Commercial, financial and agricultural: Other 445,305 73,595 7,463 — 526,363 1,707 528,070 Real estate: Construction 117,574 945 — — 118,519 (272) 118,247 Residential mortgage 1,670,180 1,584 4,693 — 1,676,457 3,603 1,680,060 Home equity 532,396 210 533 — 533,139 917 534,056 Commercial mortgage 1,036,064 72,181 34,964 — 1,143,209 (1,944) 1,141,265 Consumer 499,776 250 256 134 500,416 (69) 500,347 Total $ 4,846,572 $ 148,765 $ 47,909 $ 134 $ 5,043,380 $ (12,754) $ 5,030,626 (dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Total December 31, 2019 Commercial, financial and agricultural: Other $ 523,342 $ 20,677 $ 26,070 $ — $ 570,089 $ 215 $ 570,304 Real estate: Construction 96,139 — — — 96,139 (285) 95,854 Residential mortgage 1,593,072 840 1,889 — 1,595,801 4,000 1,599,801 Home equity 490,147 — 92 — 490,239 495 490,734 Commercial mortgage 1,094,364 17,440 13,107 — 1,124,911 (1,496) 1,123,415 Consumer 569,212 — 193 111 569,516 (84) 569,432 Total $ 4,366,276 $ 38,957 $ 41,351 $ 111 $ 4,446,695 $ 2,845 $ 4,449,540

ALLOWANCE FOR CREDIT LOSSES A_2

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Tables)	9 Months Ended
	Sep. 30, 2020
ALLOWANCE FOR LOAN AND LEASE LOSSES
Schedule of activity in the allowance, by class	The following table presents by class, the activity in the ACL for loans under ASC 326 during the three and nine months ended September 30, 2020 and under previous GAAP during the three and nine months ended September 30, 2019: Commercial, Financial and Agricultural Real Estate (dollars in thousands) SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Three Months Ended September 30, 2020 Beginning balance 388 15,507 3,274 15,025 3,651 16,148 13,346 67,339 Provision for credit losses on loans [1] 2 2,620 759 3,537 2,517 3,304 1,726 14,465 390 18,127 4,033 18,562 6,168 19,452 15,072 81,804 Charge-offs — 810 — 11 — 75 1,492 2,388 Recoveries — 321 — 13 — 12 780 1,126 Net charge-offs (recoveries) — 489 — (2) — 63 712 1,262 Ending balance $ 390 $ 17,638 $ 4,033 $ 18,564 $ 6,168 $ 19,389 $ 14,360 $ 80,542 Three Months Ended September 30, 2019 Beginning balance $ — $ 8,109 $ 1,313 $ 13,367 $ 4,313 $ 11,668 $ 9,497 $ 48,267 Provision for credit losses on loans — 107 374 75 (45) 541 480 1,532 — 8,216 1,687 13,442 4,268 12,209 9,977 49,799 Charge-offs — 797 — — 5 — 1,832 2,634 Recoveries — 362 6 104 24 — 506 1,002 Net charge-offs (recoveries) — 435 (6) (104) (19) — 1,326 1,632 Ending balance $ — $ 7,781 $ 1,693 $ 13,546 $ 4,287 $ 12,209 $ 8,651 $ 48,167 Commercial, Financial and Agricultural Real Estate (dollars in thousands) SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Nine Months Ended September 30, 2020 Beginning balance prior to ASC 326 $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 Impact of adoption of ASC 326 — (627) 479 608 (1,614) 2,624 2,096 3,566 Balance after adoption of ASC 326 — 7,509 2,271 13,935 2,592 13,737 11,493 51,537 Provision for credit losses on loans [1] 390 11,511 1,631 4,478 3,545 5,712 7,167 34,434 390 19,020 3,902 18,413 6,137 19,449 18,660 85,971 Charge-offs — 2,350 — 63 — 75 6,335 8,823 Recoveries — 968 131 214 31 15 2,035 3,394 Net charge-offs (recoveries) — 1,382 (131) (151) (31) 60 4,300 5,429 Ending balance $ 390 $ 17,638 $ 4,033 $ 18,564 $ 6,168 $ 19,389 $ 14,360 $ 80,542 Nine Months Ended September 30, 2019 Beginning balance $ — $ 8,027 $ 1,202 $ 14,349 $ 3,788 $ 13,358 $ 7,192 $ 47,916 Provision for credit losses on loans — 943 (113) (1,301) 462 (1,174) 5,402 4,219 — 8,970 1,089 13,048 4,250 12,184 12,594 52,135 Charge-offs — 2,099 — — 5 — 5,542 7,646 Recoveries — 910 604 498 42 25 1,599 3,678 Net charge-offs (recoveries) — 1,189 (604) (498) (37) (25) 3,943 3,968 Ending balance $ — $ 7,781 $ 1,693 $ 13,546 $ 4,287 $ 12,209 $ 8,651 $ 48,167 [1] The Company recorded a reserve on accrued interest receivable for loans on active payment forbearance or deferral, which were granted to borrowers impacted by the COVID-19 pandemic. This reserve was recorded as a contra-asset against accrued interest receivable with the offset to provision for credit losses. The provision for credit losses presented in this table excludes the provision for credit losses on accrued interest receivable of $0.2 million. The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, under ASC 326 during the three and nine months ended September 30, 2020 and under previous GAAP during the three and nine months ended September 30, 2019. (dollars in thousands) Three Months Ended September 30, 2020 Beginning balance $ 4,383 Provision for off-balance sheet credit exposures 221 Ending balance $ 4,604 Three Months Ended September 30, 2019 Beginning balance $ 1,897 Provision for off-balance sheet credit exposures (466) Ending balance $ 1,431 Nine Months Ended September 30, 2020 Beginning balance prior to ASC 326 $ 1,272 Impact of adoption of ASC 326 740 Balance after adoption of ASC 326 2,012 Provision for off-balance sheet credit exposures 2,592 Ending balance $ 4,604 Nine Months Ended September 30, 2019 Beginning balance $ 1,242 Provision for off-balance sheet credit exposures 189 Ending balance $ 1,431

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	9 Months Ended
	Sep. 30, 2020
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Schedule of investment in unconsolidated subsidiaries	The components of the Company's investments in unconsolidated subsidiaries were as follows: (dollars in thousands) September 30, 2020 December 31, 2019 Investments in low income housing tax credit partnerships $ 28,437 $ 15,322 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 201 192 Other 54 54 Total $ 30,239 $ 17,115 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three and nine months ended September 30, 2020 and September 30, 2019: (dollars in thousands) Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended Proportional amortization method: Amortization expense recognized in income tax expense $ 348 $ 259 $ 1,044 $ 776 Tax credits recognized in income tax expense 399 307 1,199 922
Other Commitments	The expected payments for the unfunded commitments as of September 30, 2020 for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2020 (remainder) $ 12,853 2021 1,494 2022 8,253 2023 10 2024 26 2025 6 Thereafter 43 Total unfunded commitments $ 22,685

MORTGAGE SERVICING RIGHTS (Tabl

MORTGAGE SERVICING RIGHTS (Tables)	9 Months Ended
	Sep. 30, 2020
OTHER INTANGIBLE ASSETS
Schedule of gross carrying value and accumulated amortization related to intangible assets	The following table presents changes in mortgage servicing rights for the periods presented: (dollars in thousands) Mortgage Balance, January 1, 2019 $ 15,596 Additions 1,189 Amortization (1,727) Balance, September 30, 2019 $ 15,058 Balance, January 1, 2020 $ 14,718 Additions 2,269 Amortization (4,558) Balance, September 30, 2020 $ 12,429 The gross carrying value and accumulated amortization related to our mortgage servicing rights are presented below: September 30, 2020 December 31, 2019 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 69,864 $ (57,435) $ 12,429 $ 67,595 $ (52,877) $ 14,718
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights	The following tables present the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Nine Months Ended Nine Months Ended (dollars in thousands) September 30, 2020 September 30, 2019 Fair market value, beginning of period $ 15,820 $ 17,696 Fair market value, end of period 12,694 15,965
Schedule of estimated amortization expense	Based on the mortgage servicing rights held as of September 30, 2020, estimated amortization expense for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2020 (remainder) $ 957 2021 3,375 2022 2,682 2023 2,181 2024 1,801 2025 1,433 Thereafter — Total $ 12,429

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of the location of all assets and liabilities associated with derivative instruments within the consolidated balance sheets	The following table presents the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheets: Derivatives Financial Instruments Not Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location September 30, December 31, September 30, December 31, Interest rate lock and forward sale commitments Other assets / other liabilities $ 111 $ 8 $ 127 $ 28
Schedule of the impact of derivative instruments and their location within the consolidated statements of income	The following table presents the impact of derivative instruments and their location within the consolidated statements of income: Derivatives Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended September 30, 2020 Interest rate lock and forward sale commitments Mortgage banking income $ 109 Risk participation agreement Other service charges and fees (54) Three Months Ended September 30, 2019 Interest rate lock and forward sale commitments Mortgage banking income 110 Loans held for sale Other income (1) Nine Months Ended September 30, 2020 Interest rate lock and forward sale commitments Mortgage banking income 59 Risk participation agreement Other service charges and fees 1,234 Nine Months Ended September 30, 2019 Interest rate lock and forward sale commitments Mortgage banking income 131 Loans held for sale Other income (1)

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Subordinated Borrowing	At September 30, 2020 and December 31, 2019, the Company had the following junior subordinated debentures outstanding, which is recorded in long-term debt on the Company's consolidated balance sheets: (dollars in thousands) September 30, 2020 Name of Trust Subordinated Debentures Interest Rate Trust IV $ 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547 December 31, 2019 Name of Trust Subordinated Debentures Interest Rate Trust IV $ 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Other operating income segregated by revenue streams	The following presents the Company's other operating income, segregated by revenue streams that are in-scope and out-of-scope of ASC 606, "Revenue from Contracts with Customers" for the three and nine months ended September 30, 2020 and 2019: Three Months Ended Nine Months Ended (dollars in thousands) 2020 2019 2020 2019 Other operating income: In-scope of ASC 606 Mortgage banking income $ 235 $ 230 $ 653 $ 486 Service charges on deposit accounts 1,475 2,125 4,674 6,247 Other service charges and fees 2,932 3,281 8,517 9,096 Income on fiduciary activities 1,149 1,126 3,716 3,220 Net gain (loss) on sales of foreclosed assets — 17 (6) 17 In-scope other operating income 5,791 6,779 17,554 19,066 Out-of-scope other operating income 5,772 3,487 13,587 12,967 Total other operating income $ 11,563 $ 10,266 $ 31,141 $ 32,033

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of activity of restricted stock awards and units	The table below presents the activity of restricted stock units for the nine months ended September 30, 2020: Shares Weighted Average Grant Date Fair Value Non-vested restricted stock units, beginning of period 366,467 $ 28.89 Changes during the period: Granted 321,722 18.11 Vested (123,179) 29.47 Forfeited (22,628) 24.80 Non-vested restricted stock units, end of period 542,382 22.53

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the period indicated: Three Months Ended Nine Months Ended (dollars in thousands) 2020 2019 2020 2019 Lease cost: Operating lease cost $ 1,613 $ 1,627 $ 4,919 $ 4,883 Variable lease cost 732 699 2,098 1,950 Less: sublease income — (11) (15) (33) Total lease cost $ 2,345 $ 2,315 $ 7,002 $ 6,800 Other information: Operating cash flows from operating leases $ (1,554) $ (1,558) $ (4,743) $ (4,663) Weighted-average remaining lease term - operating leases 12.47 years 13.80 years 12.47 years 13.80 years Weighted-average discount rate - operating leases 3.91 % 3.92 % 3.91 % 3.92 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter: (dollars in thousands) Year Ending December 31, Undiscounted Cash Flows Lease Liability Expense Lease Liability Reduction 2020 (remainder) $ 1,451 $ 437 $ 1,014 2021 5,839 1,638 4,201 2022 5,433 1,487 3,946 2023 4,860 1,348 3,512 2024 4,539 1,222 3,317 2025 4,227 1,096 3,131 Thereafter 31,700 5,466 26,234 Total $ 58,049 $ 12,694 $ 45,355
Operating Lease, Lease Income [Table Text Block]	The following represents lease income related to these leases that was recognized for the period indicated: Three Months Ended Nine Months Ended (dollars in thousands) 2020 2019 2020 2019 Total rental income recognized $ 492 $ 522 $ 1,559 $ 1,576
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]	Based on the Company's leases as lessor as of September 30, 2020, estimated lease payments for the remainder of fiscal year 2020, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2020 (remainder) $ 530 2021 2,133 2022 1,790 2023 480 2024 84 2025 72 Thereafter 190 Total $ 5,279

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of components of other comprehensive income (loss)	The following tables present the components of other comprehensive income for the three and nine months ended September 30, 2020 and 2019, by component: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2020 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (3,434) $ (919) $ (2,515) Less: Reclassification adjustments from AOCI realized in net income 352 94 258 Net unrealized losses on investment securities (3,082) (825) (2,257) Defined benefit plans: Amortization of net actuarial loss 330 89 241 Amortization of net transition obligation 5 1 4 Amortization of prior service cost 3 1 2 Defined benefit plans, net 338 91 247 Other comprehensive loss $ (2,744) $ (734) $ (2,010) (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2019 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 6,027 $ 1,615 $ 4,412 Less: Reclassification adjustments from AOCI realized in net income (36) (10) (26) Net unrealized gains on investment securities 5,991 1,605 4,386 Defined benefit plans: Amortization of net actuarial loss 310 31 279 Amortization of net transition obligation 5 3 2 Amortization of prior service cost 4 2 2 Defined benefit plans, net 319 36 283 Other comprehensive income $ 6,310 $ 1,641 $ 4,669 (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2020 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 18,994 $ 5,087 $ 13,907 Less: Reclassification adjustments from AOCI realized in net income 352 94 258 Net unrealized gains on investment securities 19,346 5,181 14,165 Defined benefit plans: Net actuarial gains arising during the period 427 114 313 Amortization of net actuarial loss 867 230 637 Amortization of net transition obligation 14 4 10 Amortization of prior service cost 10 3 7 Defined benefit plans, net 1,318 351 967 Other comprehensive income $ 20,664 $ 5,532 $ 15,132
Schedule of changes in each component of AOCI, net of tax	The following tables present the changes in each component of AOCI, net of tax, for the three and nine months ended September 30, 2020 and 2019: (dollars in thousands) Investment Defined AOCI Three Months Ended September 30, 2020 Balance at beginning of period $ 31,247 $ (5,696) $ 25,551 Other comprehensive income (loss) before reclassifications (2,515) — (2,515) Reclassification adjustments from AOCI 258 247 505 Total other comprehensive income (loss) (2,257) 247 (2,010) Balance at end of period $ 28,990 $ (5,449) $ 23,541 (dollars in thousands) Investment Defined AOCI Three Months Ended September 30, 2019 Balance at beginning of period $ 10,418 $ (5,960) $ 4,458 Other comprehensive loss before reclassifications 4,412 — 4,412 Reclassification adjustments from AOCI (26) 283 257 Total other comprehensive income 4,386 283 4,669 Balance at end of period $ 14,804 $ (5,677) $ 9,127 (dollars in thousands) Investment Defined AOCI Nine Months Ended September 30, 2020 Balance at beginning of period $ 14,825 $ (6,416) $ 8,409 Other comprehensive income before reclassifications 13,907 313 14,220 Reclassification adjustments from AOCI 258 654 912 Total other comprehensive income 14,165 967 15,132 Balance at end of period $ 28,990 $ (5,449) $ 23,541 (dollars in thousands) Investment Defined AOCI Nine Months Ended September 30, 2019 Balance at beginning of period $ (9,643) $ (6,450) $ (16,093) Impact of the adoption of new accounting standards (3,100) — (3,100) Adjusted balance at beginning of period (12,743) (6,450) (19,193) Other comprehensive loss before reclassifications 27,573 — 27,573 Reclassification adjustments from AOCI (26) 773 747 Total other comprehensive income (loss) 27,547 773 28,320 Balance at end of period $ 14,804 $ (5,677) $ 9,127
Schedule of amounts reclassified out of each component of AOCI	The following table presents the amounts reclassified out of each component of AOCI for the three and nine months ended September 30, 2020 and 2019: Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Three months ended September 30, (dollars in thousands) 2020 2019 Sale of investment securities available-for-sale: Realized gains (losses) on securities available-for-sale $ (352) $ 36 Investment securities gains (losses) Tax effect 94 (10) Income tax benefit (expense) Net of tax $ (258) $ 26 Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial loss $ (330) $ (310) Salaries and employee benefits Amortization of net transition obligation (5) (5) Salaries and employee benefits Amortization of prior service cost (3) (4) Salaries and employee benefits Total before tax (338) (319) Tax effect 91 36 Income tax benefit (expense) Net of tax $ (247) $ (283) Total reclassification adjustments from AOCI for the period, net of tax $ (505) $ (257) Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Nine months ended September 30, (dollars in thousands) 2020 2019 Sale of investment securities available-for-sale: Realized gains (losses) on securities available-for-sale $ (352) $ 36 Investment securities gains (losses) Tax effect 94 (10) Income tax benefit (expense) Net of tax $ (258) $ 26 Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial loss $ (867) $ (837) Salaries and employee benefits Amortization of net transition obligation (14) (14) Salaries and employee benefits Amortization of prior service cost (10) (13) Salaries and employee benefits Total before tax (891) (864) Tax effect 237 91 Income tax benefit (expense) Net of tax $ (654) $ (773) Total reclassification adjustments from AOCI for the period, net of tax $ (912) $ (747)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of information used to compute basic and diluted earnings per share	The following table presents the information used to compute basic and diluted earnings per common share for the periods indicated: Three Months Ended Nine Months Ended (dollars in thousands, except per share data) 2020 2019 2020 2019 Net income $ 6,859 $ 14,554 $ 25,102 $ 44,125 Weighted average common shares outstanding - basic 28,060,020 28,424,898 28,075,684 28,575,369 Dilutive effect of employee stock options and awards 51,644 177,440 96,469 186,688 Weighted average common shares outstanding - diluted 28,111,664 28,602,338 28,172,153 28,762,057 Basic earnings per common share $ 0.24 $ 0.51 $ 0.89 $ 1.54 Diluted earnings per common share $ 0.24 $ 0.51 $ 0.89 $ 1.53 Anti-dilutive employee stock options and awards outstanding — — — —

FAIR VALUE OF FINANCIAL ASSET_2

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value of financial instruments	Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant September 30, 2020 Financial assets: Cash and due from banks $ 89,665 $ 89,665 $ 89,665 $ — $ — Interest-bearing deposits in other banks 5,489 5,489 5,489 — — Investment securities 1,167,523 1,167,523 1,204 1,153,791 12,528 Loans held for sale 23,962 23,962 — 23,962 — Net loans 4,950,084 4,844,662 — — 4,844,662 Accrued interest receivable 21,478 21,478 21,478 — — Financial liabilities: Deposits: Noninterest-bearing demand 1,762,476 1,762,476 1,762,476 — — Interest-bearing demand and savings and money market 2,995,227 2,995,227 2,995,227 — — Time 921,226 922,223 — — 922,223 Short-term borrowings 206,000 206,000 — 206,000 — Long-term debt 101,547 90,690 — — 90,690 Accrued interest payable (included in other liabilities) 1,608 1,608 1,608 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant September 30, 2020 Derivatives: Interest rate lock commitments $ 2,927 $ 111 $ 111 $ — $ 111 $ — Forward sale commitments 19,341 (73) (73) — (73) — Risk participation agreement 28,800 (54) (54) — — (54) Off-balance sheet financial instruments: Commitments to extend credit 1,195,510 1,368 1,368 — 1,368 — Standby letters of credit and financial guarantees written 10,842 163 163 — 163 — Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2019 Financial assets: Cash and due from banks $ 78,418 $ 78,418 $ 78,418 $ — $ — Interest-bearing deposits in other banks 24,554 24,554 24,554 — — Investment securities 1,128,110 1,128,110 1,127 1,115,728 11,255 Loans held for sale 9,083 9,083 — 9,083 — Net loans 4,401,569 4,392,477 — — 4,392,477 Accrued interest receivable 16,500 16,500 16,500 — — Financial liabilities: Deposits: Noninterest-bearing demand 1,450,532 1,450,532 1,450,532 — — Interest-bearing demand and savings and money market 2,643,038 2,643,038 2,643,038 — — Time 1,026,453 1,023,362 — — 1,023,362 Short-term borrowings 150,000 150,000 — 150,000 — Long-term debt 101,547 97,827 — 97,827 — Accrued interest payable (included in other liabilities) 4,288 4,288 4,288 — —
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the fair value of assets and liabilities measured on a recurring basis as of September 30, 2020 and December 31, 2019: Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant September 30, 2020 Available-for-sale securities: Debt securities: States and political subdivisions $ 168,589 $ — $ 157,055 $ 11,534 Corporate securities 50,558 — 50,558 — U.S. Treasury obligations and direct obligations of U.S Government agencies 34,944 — 34,944 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 763,326 — 763,326 — Commercial - U.S. Government agencies and sponsored entities 73,786 — 73,786 — Residential - Non-government agencies 28,676 — 27,682 994 Commercial - Non-government agencies 46,440 — 46,440 — Total available-for-sale securities 1,166,319 — 1,153,791 12,528 Equity securities 1,204 1,204 — — Derivatives: Interest rate lock and forward sale commitments (16) — 38 (54) Total $ 1,167,507 $ 1,204 $ 1,153,829 $ 12,474 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant December 31, 2019 Available-for-sale securities: Debt securities: States and political subdivisions $ 122,018 $ — $ 110,763 $ 11,255 Corporate securities 30,529 — 30,529 — U.S. Treasury obligations and direct obligations of U.S Government agencies 40,381 — 40,381 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 677,822 — 677,822 — Commercial - U.S. Government agencies and sponsored entities 81,225 — 81,225 — Residential - Non-government agencies 37,191 — 37,191 — Commercial - Non-government agencies 137,817 — 137,817 — Total available-for-sale securities 1,126,983 — 1,115,728 11,255 Equity securities 1,127 1,127 — — Derivatives: Interest rate lock and forward sale commitments (20) — (20) — Total $ 1,128,090 $ 1,127 $ 1,115,708 $ 11,255
Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis	For the nine months ended September 30, 2020 and 2019, the changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows: Available-For-Sale Debt Securities: (dollars in thousands) States and Political Subdivisions Residential - Non-Government Agencies Total Balance at December 31, 2019 $ 11,255 $ — $ 11,255 Principal payments received (319) — (319) Unrealized net gain included in other comprehensive income 598 — 598 Purchases — 994 994 Balance at September 30, 2020 $ 11,534 $ 994 $ 12,528 Balance at December 31, 2018 $ 11,169 $ — $ 11,169 Principal payments received (285) — (285) Unrealized net gain included in other comprehensive income 618 — 618 Purchases — — — Balance at September 30, 2019 $ 11,502 $ — $ 11,502
Schedule of level of valuation assumptions used to determine the fair value of assets measured on a nonrecurring basis	the level of valuation assumptions used to determine the respective fair values as of September 30, 2020 and December 31, 2019: Fair Value Measurements Using (dollars in thousands) Fair Value Quoted Prices Significant Significant September 30, 2020 Other real estate (1) $ 128 $ — $ 128 $ — December 31, 2019 Other real estate (1) $ 164 $ — $ 164 $ — (1) Represents other real estate that is carried at fair value less costs to sell. Fair value is generally based upon independent market prices or appraised values of the collateral.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	Dec. 31, 2019USD ($)segment	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)segment	Jan. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 0.2	$ 0.2	$ 0.2
Proportional Amortization Investments	15.3	28.4	28.4
Cost Method Investments	$ 1.6	1.6	$ 1.6
Number of operating segments | segment	3		1
Available for sale accrued interest receivable		4.2	$ 4.2
Financing receivable accrued interest receivable		17.3	$ 17.3
Financing Receivable, Accrued Interest, Allowance for Credit Loss		0.2
Provision for Loan, Lease, and Other Losses		$ 0.2
Oahu HomeLoans, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage				50.00%

RECENT ACCOUNTING PRONOUNCEME_4

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss	$ (80,542)		$ (47,971)	$ (47,971)
Reserve for off-balance sheet credit exposures (included in other liabilities)	(4,604)		(1,272)	(1,272)	$ (1,431)	$ (1,897)	$ (1,242)
Accumulated deficit	$ 16,609		19,102	19,102
Other Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net deferred tax assets (included in other assets)			16,541
Commercial Financial And Agricultural
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(8,136)
Real Estate | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(1,792)
Real Estate | Residential Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(13,327)
Real Estate | Home Equity
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(4,206)
Real Estate | Commercial Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(11,113)
Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(9,397)
Adjusted balance at beginning of period
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(51,537)
Reserve for off-balance sheet credit exposures (included in other liabilities)		$ (4,383)	(2,012)	(2,012)
Accumulated deficit			22,257
Adjusted balance at beginning of period | Other Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net deferred tax assets (included in other assets)			17,692
Adjusted balance at beginning of period | Commercial Financial And Agricultural
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(7,509)
Adjusted balance at beginning of period | Real Estate | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(2,271)
Adjusted balance at beginning of period | Real Estate | Residential Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(13,935)
Adjusted balance at beginning of period | Real Estate | Home Equity
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(2,592)
Adjusted balance at beginning of period | Real Estate | Commercial Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(13,737)
Adjusted balance at beginning of period | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(11,493)
Impact of the adoption of new accounting standards
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(3,566)
Reserve for off-balance sheet credit exposures (included in other liabilities)			(740)	$ (740)
Accumulated deficit			3,155
Impact of the adoption of new accounting standards | Other Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net deferred tax assets (included in other assets)			1,151
Impact of the adoption of new accounting standards | Commercial Financial And Agricultural
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			627
Impact of the adoption of new accounting standards | Real Estate | Construction
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(479)
Impact of the adoption of new accounting standards | Real Estate | Residential Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(608)
Impact of the adoption of new accounting standards | Real Estate | Home Equity
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			1,614
Impact of the adoption of new accounting standards | Real Estate | Commercial Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(2,624)
Impact of the adoption of new accounting standards | Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(2,096)
Accounting Standards Update 2016-13 [Member] | Impact of the adoption of new accounting standards
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Financing Receivable, Allowance for Credit Loss			(3,600)
Net deferred tax assets (included in other assets)			1,100
Reserve for off-balance sheet credit exposures (included in other liabilities)			$ (700)

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available for Sale
Amortized cost	$ 1,136,535	$ 1,116,545
Gross unrealized gains	31,423	13,737
Gross unrealized losses	(1,639)	(3,299)
Fair value	1,166,319	1,126,983
Available-for-sale, allowance for credit loss	0
Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Available for Sale
Amortized cost	743,786	673,918
Gross unrealized gains	20,395	6,003
Gross unrealized losses	(855)	(2,099)
Fair value	763,326	677,822
Available-for-sale, allowance for credit loss	0
Commercial - U.S. Government agencies and sponsored entities
Available for Sale
Amortized cost	71,335	80,773
Gross unrealized gains	2,451	1,198
Gross unrealized losses	0	(746)
Fair value	73,786	81,225
Available-for-sale, allowance for credit loss	0
States and political subdivisions
Available for Sale
Amortized cost	163,642	119,755
Gross unrealized gains	5,239	2,303
Gross unrealized losses	(292)	(40)
Fair value	168,589	122,018
Available-for-sale, allowance for credit loss	0
Corporate securities
Available for Sale
Amortized cost	50,318	30,277
Gross unrealized gains	471	252
Gross unrealized losses	(231)	0
Fair value	50,558	30,529
Available-for-sale, allowance for credit loss	0
U.S. Treasury obligations and direct obligations of U.S Government agencies
Available for Sale
Amortized cost	35,115	40,769
Gross unrealized gains	41	10
Gross unrealized losses	(212)	(398)
Fair value	34,944	40,381
Available-for-sale, allowance for credit loss	0
Residential - Non-government agencies
Available for Sale
Amortized cost	27,525	36,377
Gross unrealized gains	1,185	830
Gross unrealized losses	(34)	(16)
Fair value	28,676	37,191
Available-for-sale, allowance for credit loss	0
Commercial - Non-government agencies
Available for Sale
Amortized cost	44,814	134,676
Gross unrealized gains	1,641	3,141
Gross unrealized losses	(15)	0
Fair value	46,440	$ 137,817
Available-for-sale, allowance for credit loss	$ 0

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Available for Sale, Amortized Cost
Due in one year or less	$ 27,260
Due after one year through five years	40,800
Due after five years through ten years	89,879
Due after ten years	91,136
Total	1,136,535
Available for Sale, Estimated Fair Value
Due in one year or less	27,378
Due after one year through five years	42,098
Due after five years through ten years	92,226
Due after ten years	92,389
Available-for-sale debt securities, at fair value	1,166,319	$ 1,126,983
Equity securities, at fair value	1,204	1,127
Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Available for Sale, Amortized Cost
Mortgage-backed securities	743,786
Available for Sale, Estimated Fair Value
Mortgage-backed securities	763,326
Available-for-sale debt securities, at fair value	763,326	677,822
Commercial - U.S. Government agencies and sponsored entities
Available for Sale, Amortized Cost
Mortgage-backed securities	71,335
Available for Sale, Estimated Fair Value
Mortgage-backed securities	73,786
Available-for-sale debt securities, at fair value	73,786	81,225
Residential - Non-government agencies
Available for Sale, Amortized Cost
Mortgage-backed securities	27,525
Available for Sale, Estimated Fair Value
Mortgage-backed securities	28,676
Available-for-sale debt securities, at fair value	28,676	37,191
Commercial - Non-government agencies
Available for Sale, Amortized Cost
Mortgage-backed securities	44,814
Available for Sale, Estimated Fair Value
Mortgage-backed securities	46,440
Available-for-sale debt securities, at fair value	46,440	137,817
Equity securities
Available for Sale, Estimated Fair Value
Equity securities, at amortized cost	1,027	935
Equity securities, at fair value	$ 1,204	$ 1,127

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020USD ($)securityshares	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)shares	Sep. 30, 2020USD ($)securityshares	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)security	Jan. 01, 2019USD ($)
Class of Stock [Line Items]
Proceeds from sales of investment securities available-for-sale	$ 86,500	$ 53,900		$ 86,508	$ 53,935
Investment securities gains (losses)	(352)	$ 36		(352)	$ 36
Investment securities pledged as collateral	$ 517,500			$ 517,500		$ 719,800
Number of investment securities in an unrealized loss position | security	48			48		81
Visa [Member] | Common Class B [Member]
Class of Stock [Line Items]
Shares owned (in shares) | shares	34,631			34,631
Credit Card Intermediary [Member] | Common Class B [Member]
Class of Stock [Line Items]
Shares owned (in shares) | shares			11,170
Proceeds from sale of MasterCard stock			$ 2,600
Accounting Standards Update 2017-12 [Member]
Class of Stock [Line Items]
Debt Securities, Held-to-maturity							$ 148,500
Fair value							$ 144,300

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) $ in Thousands	Sep. 30, 2020USD ($)security	Dec. 31, 2019USD ($)security
Investments, Debt and Equity Securities [Abstract]
Number of investment securities in an unrealized loss position | security	48	81
INVESTMENT SECURITIES
Less than 12 months, Fair Value	$ 197,678	$ 115,244
Less than 12 months, Unrealized Losses	(1,457)	(1,197)
12 months or longer, Fair Value	22,141	234,127
12 months or longer, Unrealized Losses	(182)	(2,102)
Total, Fair Value	219,819	349,371
Total, Unrealized Losses	(1,639)	(3,299)
States and political subdivisions
INVESTMENT SECURITIES
Less than 12 months, Fair Value	39,297	1,754
Less than 12 months, Unrealized Losses	(292)	(9)
12 months or longer, Fair Value	0	801
12 months or longer, Unrealized Losses	0	(31)
Total, Fair Value	39,297	2,555
Total, Unrealized Losses	(292)	(40)
Corporate securities
INVESTMENT SECURITIES
Less than 12 months, Fair Value	26,173
Less than 12 months, Unrealized Losses	(231)
12 months or longer, Fair Value	0
12 months or longer, Unrealized Losses	0
Total, Fair Value	26,173
Total, Unrealized Losses	(231)
U.S. Treasury obligations and direct obligations of U.S Government agencies
INVESTMENT SECURITIES
Less than 12 months, Fair Value	4,805	18,882
Less than 12 months, Unrealized Losses	(30)	(143)
12 months or longer, Fair Value	22,141	19,031
12 months or longer, Unrealized Losses	(182)	(255)
Total, Fair Value	26,946	37,913
Total, Unrealized Losses	(212)	(398)
Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
INVESTMENT SECURITIES
Less than 12 months, Fair Value	122,914	54,335
Less than 12 months, Unrealized Losses	(855)	(283)
12 months or longer, Fair Value	0	214,295
12 months or longer, Unrealized Losses	0	(1,816)
Total, Fair Value	122,914	268,630
Total, Unrealized Losses	(855)	(2,099)
Residential - Non-government agencies
INVESTMENT SECURITIES
Less than 12 months, Fair Value	994	8,206
Less than 12 months, Unrealized Losses	(34)	(16)
12 months or longer, Fair Value	0	0
12 months or longer, Unrealized Losses	0	0
Total, Fair Value	994	8,206
Total, Unrealized Losses	(34)	(16)
Mortgage Backed Securities Commercial U S Government Sponsored Entities [Member]
INVESTMENT SECURITIES
Less than 12 months, Fair Value		32,067
Less than 12 months, Unrealized Losses		(746)
12 months or longer, Fair Value		0
12 months or longer, Unrealized Losses		0
Total, Fair Value		32,067
Total, Unrealized Losses		$ (746)
Commercial - Non-government agencies
INVESTMENT SECURITIES
Less than 12 months, Fair Value	3,495
Less than 12 months, Unrealized Losses	(15)
12 months or longer, Fair Value	0
12 months or longer, Unrealized Losses	0
Total, Fair Value	3,495
Total, Unrealized Losses	$ (15)

LOANS AND CREDIT QUALITY (Loans

LOANS AND CREDIT QUALITY (Loans and Leases) (Details) $ in Thousands	Mar. 27, 2020	Oct. 31, 2020USD ($)	Sep. 30, 2020USD ($)segmentloan	Sep. 30, 2019USD ($)loan	Aug. 31, 2020USD ($)segment	Jan. 01, 2020USD ($)	Dec. 31, 2019USD ($)
LOANS AND LEASES
Loans and leases, gross			$ 5,043,380				$ 4,446,695
Net deferred (fees) costs			(12,754)				2,845
Total loans, net of allowance for credit losses			5,030,626				4,449,540
Financing Receivable, Allowance for Credit Loss			(80,542)			$ (47,971)	(47,971)
Loans and Leases Receivable, Net Amount			4,950,084				4,401,569
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Number Of Loans Issued By Financial Institutions Through The SBA | segment					7,200
Loans Issued By Financial Institutions Through The SBA					$ 558,000
Processing fees from loans issued by financial institutions through the SBA					$ 21,000
Loans			$ 5,030,626				4,449,540
Transfer of Portfolio Loans Transferred to Held For Sale Category Number of Nonperforming Loans			3	0
Net transfer of loans to loans held for sale			$ 6,565	$ 0
Loans And Leases Receivable, Number Of Loans Sold | loan			0	0
Subsequent Event
LOANS AND LEASES
Gain (Loss) on Sales of Loans, Net		$ 100
Minimum
LOANS AND LEASES
Debt instrument, term	2 years
Debt Issuance Costs, Percent	1.00%
Maximum
LOANS AND LEASES
Debt instrument, term	5 years
Debt Issuance Costs, Percent	5.00%
Commercial Financial And Agricultural
LOANS AND LEASES
Loans and leases, gross							570,089
Net deferred (fees) costs							215
Total loans, net of allowance for credit losses							570,304
Financing Receivable, Allowance for Credit Loss						(8,136)
Loans							570,304
Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross			$ 545,277				0
Net deferred (fees) costs			(16,696)
Total loans, net of allowance for credit losses			528,581
Loans			528,581
Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross			526,363				570,089
Net deferred (fees) costs			1,707
Total loans, net of allowance for credit losses			528,070
Loans			528,070
Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross			118,519				96,139
Net deferred (fees) costs			(272)				(285)
Total loans, net of allowance for credit losses			118,247				95,854
Financing Receivable, Allowance for Credit Loss						(1,792)
Loans			118,247				95,854
Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross			1,676,457				1,595,801
Net deferred (fees) costs			3,603				4,000
Total loans, net of allowance for credit losses			1,680,060				1,599,801
Financing Receivable, Allowance for Credit Loss						(13,327)
Loans			1,680,060				1,599,801
Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross			533,139				490,239
Net deferred (fees) costs			917				495
Total loans, net of allowance for credit losses			534,056				490,734
Financing Receivable, Allowance for Credit Loss						(4,206)
Loans			534,056				490,734
Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross			1,143,209				1,124,911
Net deferred (fees) costs			(1,944)				(1,496)
Total loans, net of allowance for credit losses			1,141,265				1,123,415
Financing Receivable, Allowance for Credit Loss						(11,113)
Loans			1,141,265				1,123,415
Consumer
LOANS AND LEASES
Financing Receivable, Allowance for Credit Loss						$ (9,397)
Consumer | Consumer
LOANS AND LEASES
Loans and leases, gross			500,416				569,516
Net deferred (fees) costs			(69)				(84)
Total loans, net of allowance for credit losses			500,347				569,432
Loans			500,347				569,432
Special Mention
LOANS AND LEASES
Loans and leases, gross			148,765				38,957
Special Mention | Commercial Financial And Agricultural
LOANS AND LEASES
Loans and leases, gross							20,677
Special Mention | Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross			0
Special Mention | Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross			73,595
Special Mention | Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross			945				0
Special Mention | Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross			1,584				840
Special Mention | Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross			210				0
Special Mention | Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross			72,181				17,440
Special Mention | Consumer | Consumer
LOANS AND LEASES
Loans and leases, gross			250				0
Substandard
LOANS AND LEASES
Loans and leases, gross			47,909				41,351
Substandard | Commercial Financial And Agricultural
LOANS AND LEASES
Loans and leases, gross							26,070
Substandard | Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross			0
Substandard | Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross			7,463
Substandard | Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross			0				0
Substandard | Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross			4,693				1,889
Substandard | Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross			533				92
Substandard | Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross			34,964				13,107
Substandard | Consumer | Consumer
LOANS AND LEASES
Loans and leases, gross			256				193
Loss
LOANS AND LEASES
Loans and leases, gross			134				111
Loss | Commercial Financial And Agricultural
LOANS AND LEASES
Loans and leases, gross							0
Loss | Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross			0
Loss | Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross			0
Loss | Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross			0				0
Loss | Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross			0				0
Loss | Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross			0				0
Loss | Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross			0				0
Loss | Consumer | Consumer
LOANS AND LEASES
Loans and leases, gross			134				111
Pass
LOANS AND LEASES
Loans and leases, gross			4,846,572				4,366,276
Pass | Commercial Financial And Agricultural
LOANS AND LEASES
Loans and leases, gross							523,342
Pass | Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross			545,277
Pass | Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross			445,305
Pass | Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross			117,574				96,139
Pass | Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross			1,670,180				1,593,072
Pass | Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross			532,396				490,147
Pass | Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross			1,036,064				1,094,364
Pass | Consumer | Consumer
LOANS AND LEASES
Loans and leases, gross			$ 499,776				$ 569,212

LOANS AND CREDIT QUALITY (Purch

LOANS AND CREDIT QUALITY (Purchases) (Details) - Consumer - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	$ 6,960	$ 30,669	$ 41,272	$ 79,996
Purchase premium (discount)	(280)	(1,176)	(1,396)	(1,176)
Purchase price	$ 6,680	$ 29,493	$ 39,876	$ 78,820

LOANS AND CREDIT QUALITY (Detai

LOANS AND CREDIT QUALITY (Details) $ in Thousands	Sep. 30, 2020USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 18,672
Allocated ACL	520
Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	9,743
Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	7,558
Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	1,371
Commercial Financial And Agricultural
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	1,371
Allocated ACL	213
Commercial Financial And Agricultural | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Commercial Financial And Agricultural | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Commercial Financial And Agricultural | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	1,371
Real Estate | Residential Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	9,210
Allocated ACL	0
Real Estate | Residential Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	9,210
Real Estate | Residential Mortgage | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Real Estate | Residential Mortgage | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Real Estate | Home Equity
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	533
Allocated ACL	0
Real Estate | Home Equity | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	533
Real Estate | Home Equity | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Real Estate | Home Equity | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Real Estate | Commercial Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	7,558
Allocated ACL	307
Real Estate | Commercial Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Real Estate | Commercial Mortgage | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	7,558
Real Estate | Commercial Mortgage | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 0

LOANS AND CREDIT QUALITY(Forbea

LOANS AND CREDIT QUALITY(Forbearance or Deferrals) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	3,813
Balance	$ 290,841
Accrued Interest Receivable	4,439
Loans	5,030,626	$ 4,449,540
Total Loans, excl. PPP	$ 4,502,045
% of Total Loans	5.80%
% of Total Loans, excl. PPP	0.065
Commercial Financial And Agricultural
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loans		570,304
Commercial Financial And Agricultural | Commercial Financial And Agricultural
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	363
Balance	$ 64,298
Accrued Interest Receivable	844
Loans	$ 1,056,651
% of Total Loans	6.10%
Commercial Financial And Agricultural | Other
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loans	$ 528,070
% of Total Loans, excl. PPP	0.122
Real Estate | Construction
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	0
Balance	$ 0
Accrued Interest Receivable	0
Loans	$ 118,247	95,854
% of Total Loans	0.00%
% of Total Loans, excl. PPP	0
Real Estate | Residential Mortgage
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	216
Balance	$ 103,130
Accrued Interest Receivable	1,803
Loans	$ 1,680,060	1,599,801
% of Total Loans	6.10%
% of Total Loans, excl. PPP	0.061
Real Estate | Home Equity
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	0
Balance	$ 0
Accrued Interest Receivable	0
Loans	$ 534,056	490,734
% of Total Loans	0.00%
% of Total Loans, excl. PPP	0
Real Estate | Commercial Mortgage
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	25
Balance	$ 69,420
Accrued Interest Receivable	469
Loans	$ 1,141,265	1,123,415
% of Total Loans	6.10%
% of Total Loans, excl. PPP	0.061
Consumer Portfolio Segment [Member] | Consumer
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	3,209
Balance	$ 53,993
Accrued Interest Receivable	1,323
Loans	$ 500,347	$ 569,432
% of Total Loans	10.80%
% of Total Loans, excl. PPP	0.108

LOANS AND CREDIT QUALITY (Impai

LOANS AND CREDIT QUALITY (Impaired Loans) (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Dec. 31, 2019USD ($)
Unpaid Principal Balance
Impaired loans with no related allowance recorded				$ 9,407
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance				484
Total				9,891
Recorded Investment
Impaired loans with no related allowance recorded				8,582
Impaired Financing Receivable, with Related Allowance, Recorded Investment				484
Total				9,066
Allowance Allocated
Impaired loans, allowance allocated				235
Average recorded investment on impaired loans
Average Recorded Investment	$ 9,911		$ 12,768
Interest income recognized on impaired loans
Interest Income Recognized	87		$ 926
Mortgage loans foreclosure, number | loan		0	1
Mortgage Loans Foreclosure, Amount			$ 200
Mortgage Loans Foreclosure, Number Sold | loan		1	0
Proceeds from sale of foreclosed loans/other real estate owned		$ 94	$ 0
Commercial Financial And Agricultural
Unpaid Principal Balance
Impaired loans with no related allowance recorded				246
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance				467
Recorded Investment
Impaired loans with no related allowance recorded				135
Impaired Financing Receivable, with Related Allowance, Recorded Investment				467
Allowance Allocated
Impaired loans, allowance allocated				218
Average recorded investment on impaired loans
Average Recorded Investment	164		188
Interest income recognized on impaired loans
Interest Income Recognized	2		7
Consumer
Unpaid Principal Balance
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance				17
Recorded Investment
Impaired Financing Receivable, with Related Allowance, Recorded Investment				17
Allowance Allocated
Impaired loans, allowance allocated				17
Construction | Real Estate
Average recorded investment on impaired loans
Average Recorded Investment	0		1,323
Interest income recognized on impaired loans
Interest Income Recognized	0		62
Residential Mortgage | Real Estate
Unpaid Principal Balance
Impaired loans with no related allowance recorded				7,230
Recorded Investment
Impaired loans with no related allowance recorded				6,516
Average recorded investment on impaired loans
Average Recorded Investment	7,536		8,763
Interest income recognized on impaired loans
Interest Income Recognized	63		776
Loans in the process of foreclosure		$ 700		600
Home Equity | Real Estate
Unpaid Principal Balance
Impaired loans with no related allowance recorded				92
Recorded Investment
Impaired loans with no related allowance recorded				92
Average recorded investment on impaired loans
Average Recorded Investment	190		332
Interest income recognized on impaired loans
Interest Income Recognized	0		13
Commercial Mortgage | Real Estate
Unpaid Principal Balance
Impaired loans with no related allowance recorded				1,839
Recorded Investment
Impaired loans with no related allowance recorded				$ 1,839
Average recorded investment on impaired loans
Average Recorded Investment	2,021		2,162
Interest income recognized on impaired loans
Interest Income Recognized	$ 22		$ 68

LOANS AND CREDIT QUALITY (Aging

LOANS AND CREDIT QUALITY (Aging of Recorded Investment) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	$ 13,059	$ 1,555
Total Past Due and Nonaccrual	24,365	12,497
Loans and Leases Not Past Due	5,006,261	4,437,043
Total loans, net of allowance for credit losses	5,030,626	4,449,540
Nonaccrual Loans With No ACL	9,529	1,071
Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans		467
Total Past Due and Nonaccrual		1,808
Loans and Leases Not Past Due		568,496
Total loans, net of allowance for credit losses		570,304
Nonaccrual Loans With No ACL		0
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	9,065	6,931
Accruing Loans 30 - 59 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans		476
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	1,332	3,001
Accruing Loans 60 - 89 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans		865
Accruing Loans Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	909	1,010
Accruing Loans Greater  Than 90 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans		0
Small Business Administration Paycheck Protection Program | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0
Total Past Due and Nonaccrual	0
Loans and Leases Not Past Due	528,581
Total loans, net of allowance for credit losses	528,581
Nonaccrual Loans With No ACL	0
Small Business Administration Paycheck Protection Program | Accruing Loans 30 - 59 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0
Small Business Administration Paycheck Protection Program | Accruing Loans 60 - 89 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0
Small Business Administration Paycheck Protection Program | Accruing Loans Greater  Than 90 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0
Other | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	1,536
Total Past Due and Nonaccrual	6,867
Loans and Leases Not Past Due	521,203
Total loans, net of allowance for credit losses	528,070
Nonaccrual Loans With No ACL	668
Other | Accruing Loans 30 - 59 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	5,246
Other | Accruing Loans 60 - 89 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	85
Other | Accruing Loans Greater  Than 90 Days Past Due | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0
Construction | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	643
Loans and Leases Not Past Due	118,247	95,211
Total loans, net of allowance for credit losses	118,247	95,854
Nonaccrual Loans With No ACL	0	0
Construction | Accruing Loans 30 - 59 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	643
Construction | Accruing Loans 60 - 89 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Construction | Accruing Loans Greater  Than 90 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Residential Mortgage | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	4,032	979
Total Past Due and Nonaccrual	5,188	4,122
Loans and Leases Not Past Due	1,674,872	1,595,679
Total loans, net of allowance for credit losses	1,680,060	1,599,801
Nonaccrual Loans With No ACL	4,032	979
Residential Mortgage | Accruing Loans 30 - 59 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	12	1,830
Residential Mortgage | Accruing Loans 60 - 89 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	556	589
Residential Mortgage | Accruing Loans Greater  Than 90 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	588	724
Home Equity | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	533	92
Total Past Due and Nonaccrual	788	1,058
Loans and Leases Not Past Due	533,268	489,676
Total loans, net of allowance for credit losses	534,056	490,734
Nonaccrual Loans With No ACL	533	92
Home Equity | Accruing Loans 30 - 59 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	255	759
Home Equity | Accruing Loans 60 - 89 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	207
Home Equity | Accruing Loans Greater  Than 90 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Commercial Mortgage | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	6,889	0
Total Past Due and Nonaccrual	8,667	397
Loans and Leases Not Past Due	1,132,598	1,123,018
Total loans, net of allowance for credit losses	1,141,265	1,123,415
Nonaccrual Loans With No ACL	4,296	0
Commercial Mortgage | Accruing Loans 30 - 59 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	1,778	0
Commercial Mortgage | Accruing Loans 60 - 89 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	397
Commercial Mortgage | Accruing Loans Greater  Than 90 Days Past Due | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	0	0
Consumer | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	69	17
Total Past Due and Nonaccrual	2,855	4,469
Loans and Leases Not Past Due	497,492	564,963
Total loans, net of allowance for credit losses	500,347	569,432
Nonaccrual Loans With No ACL	0	0
Consumer | Accruing Loans 30 - 59 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	1,774	3,223
Consumer | Accruing Loans 60 - 89 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	691	943
Consumer | Accruing Loans Greater  Than 90 Days Past Due | Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	$ 321	$ 286

LOANS AND CREDIT QUALITY (Modif

LOANS AND CREDIT QUALITY (Modifications) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)contractloan	Sep. 30, 2019contractloan	Sep. 30, 2020USD ($)loancontract	Sep. 30, 2019contractloan	Dec. 31, 2019USD ($)
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract	3	0	12	0
Recorded Investment (as of Period End)	$ 495		$ 495
Debt instrument, deferrals not classified as TDRs	290,700		290,700
Debt Instrument, Deferrals, Amount	$ 290,841		$ 290,841
Number of loans were modified as a TDR within the previous twelve months that subsequently defaulted | loan	0	0	0	0
Accruing Loans Greater  Than 90 Days Past Due
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	$ 0		$ 0		$ 0
Consumer
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract	3		11
Recorded Investment (as of Period End)	$ 80		$ 80
Real Estate
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract			1
Nonperforming Financial Instruments
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	7,400		$ 7,400		$ 7,500
Nonperforming Financial Instruments | Resi Mortgage | HAWAII
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | loan			2
Recorded Investment (as of Period End)	300		$ 300
Residential Mortgage | Real Estate
Information related to loans modified in a TDR
Debt Instrument, Deferrals, Amount	103,130		103,130
Commercial Mortgage | Real Estate
Information related to loans modified in a TDR
Recorded Investment (as of Period End)	281		281
Debt Instrument, Deferrals, Amount	69,420		69,420
Consumer | Consumer
Information related to loans modified in a TDR
Recorded Investment (as of Period End)	214		214
Debt Instrument, Deferrals, Amount	$ 53,993		$ 53,993

LOANS AND CREDIT QUALITY (Class

LOANS AND CREDIT QUALITY (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Recorded investment in the loans and leases, by class and credit indicator
2020	$ 1,216,297
2019	705,118
2018	523,242
2017	476,447
2016	394,986
Prior	1,064,810
Amortized Cost of Revolving Loans	649,726
Total	5,030,626
Loans and leases, gross	5,043,380	$ 4,446,695
Net deferred (fees) costs	(12,754)	2,845
Total loans, net of allowance for credit losses	5,030,626	4,449,540
Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		570,089
Net deferred (fees) costs		215
Total loans, net of allowance for credit losses		570,304
Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	4,846,572	4,366,276
Pass | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		523,342
Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	148,765	38,957
Special Mention | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		20,677
Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	47,909	41,351
Substandard | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		26,070
Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	134	111
Loss | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		0
Small Business Administration Paycheck Protection Program | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2020	528,581
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	528,581
Loans and leases, gross	545,277	0
Net deferred (fees) costs	(16,696)
Total loans, net of allowance for credit losses	528,581
Small Business Administration Paycheck Protection Program | Pass | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2020	528,581
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	528,581
Loans and leases, gross	545,277
Small Business Administration Paycheck Protection Program | Special Mention | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Small Business Administration Paycheck Protection Program | Substandard | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Small Business Administration Paycheck Protection Program | Loss | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Other | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2020	73,314
2019	76,640
2018	70,595
2017	76,892
2016	45,914
Prior	106,071
Amortized Cost of Revolving Loans	78,644
Total	528,070
Loans and leases, gross	526,363	570,089
Net deferred (fees) costs	1,707
Total loans, net of allowance for credit losses	528,070
Other | Pass | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2020	68,156
2019	63,398
2018	60,700
2017	43,948
2016	41,585
Prior	91,001
Amortized Cost of Revolving Loans	78,224
Total	447,012
Loans and leases, gross	445,305
Other | Special Mention | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2020	4,958
2019	11,714
2018	8,784
2017	31,839
2016	2,123
Prior	13,757
Amortized Cost of Revolving Loans	420
Total	73,595
Loans and leases, gross	73,595
Other | Substandard | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2020	200
2019	1,528
2018	1,111
2017	1,105
2016	2,206
Prior	1,313
Amortized Cost of Revolving Loans	0
Total	7,463
Loans and leases, gross	7,463
Other | Loss | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Construction | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	19,436
2019	20,931
2018	42,838
2017	11,201
2016	2,202
Prior	19,238
Amortized Cost of Revolving Loans	2,401
Total	118,247
Loans and leases, gross	118,519	96,139
Net deferred (fees) costs	(272)	(285)
Total loans, net of allowance for credit losses	118,247	95,854
Construction | Pass | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	19,436
2019	20,931
2018	41,893
2017	11,201
2016	2,202
Prior	19,238
Amortized Cost of Revolving Loans	2,401
Total	117,302
Loans and leases, gross	117,574	96,139
Construction | Special Mention | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	945
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	945
Loans and leases, gross	945	0
Construction | Substandard | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Construction | Loss | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Residential Mortgage | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	416,073
2019	302,683
2018	141,696
2017	162,573
2016	198,696
Prior	458,339
Amortized Cost of Revolving Loans	0
Total	1,680,060
Loans and leases, gross	1,676,457	1,595,801
Net deferred (fees) costs	3,603	4,000
Total loans, net of allowance for credit losses	1,680,060	1,599,801
Residential Mortgage | Pass | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	416,073
2019	302,683
2018	141,156
2017	159,808
2016	197,665
Prior	456,398
Amortized Cost of Revolving Loans	0
Total	1,673,783
Loans and leases, gross	1,670,180	1,593,072
Residential Mortgage | Special Mention | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	0
2017	1,437
2016	147
Prior	0
Amortized Cost of Revolving Loans	0
Total	1,584
Loans and leases, gross	1,584	840
Residential Mortgage | Substandard | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	540
2017	1,328
2016	884
Prior	1,941
Amortized Cost of Revolving Loans	0
Total	4,693
Loans and leases, gross	4,693	1,889
Residential Mortgage | Loss | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	0
Loans and leases, gross	0	0
Home Equity | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	13,407
2019	16,993
2018	16,713
2017	778
2016	594
Prior	5,123
Amortized Cost of Revolving Loans	480,448
Total	534,056
Loans and leases, gross	533,139	490,239
Net deferred (fees) costs	917	495
Total loans, net of allowance for credit losses	534,056	490,734
Home Equity | Pass | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	13,407
2019	16,993
2018	16,713
2017	778
2016	390
Prior	4,794
Amortized Cost of Revolving Loans	480,238
Total	533,313
Loans and leases, gross	532,396	490,147
Home Equity | Special Mention | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	210
Total	210
Loans and leases, gross	210	0
Home Equity | Substandard | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	0
2017	0
2016	204
Prior	329
Amortized Cost of Revolving Loans	0
Total	533
Loans and leases, gross	533	92
Home Equity | Loss | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Commercial Mortgage | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	93,195
2019	154,375
2018	173,520
2017	172,795
2016	126,252
Prior	404,202
Amortized Cost of Revolving Loans	16,926
Total	1,141,265
Loans and leases, gross	1,143,209	1,124,911
Net deferred (fees) costs	(1,944)	(1,496)
Total loans, net of allowance for credit losses	1,141,265	1,123,415
Commercial Mortgage | Pass | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	93,195
2019	149,180
2018	137,886
2017	163,112
2016	108,333
Prior	365,488
Amortized Cost of Revolving Loans	16,926
Total	1,034,120
Loans and leases, gross	1,036,064	1,094,364
Commercial Mortgage | Special Mention | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	2,602
2018	24,134
2017	7,685
2016	13,623
Prior	24,137
Amortized Cost of Revolving Loans	0
Total	72,181
Loans and leases, gross	72,181	17,440
Commercial Mortgage | Substandard | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	2,593
2018	11,500
2017	1,998
2016	4,296
Prior	14,577
Amortized Cost of Revolving Loans	0
Total	34,964
Loans and leases, gross	34,964	13,107
Commercial Mortgage | Loss | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Consumer | Consumer
Recorded investment in the loans and leases, by class and credit indicator
2020	72,291
2019	133,496
2018	77,880
2017	52,208
2016	21,328
Prior	71,837
Amortized Cost of Revolving Loans	71,307
Total	500,347
Loans and leases, gross	500,416	569,516
Net deferred (fees) costs	(69)	(84)
Total loans, net of allowance for credit losses	500,347	569,432
Consumer | Pass | Consumer
Recorded investment in the loans and leases, by class and credit indicator
2020	72,249
2019	133,485
2018	77,840
2017	52,150
2016	21,327
Prior	71,599
Amortized Cost of Revolving Loans	71,057
Total	499,707
Loans and leases, gross	499,776	569,212
Consumer | Special Mention | Consumer
Recorded investment in the loans and leases, by class and credit indicator
2020	0
2019	0
2018	0
2017	0
2016	0
Prior	0
Amortized Cost of Revolving Loans	250
Total	250
Loans and leases, gross	250	0
Consumer | Substandard | Consumer
Recorded investment in the loans and leases, by class and credit indicator
2020	27
2019	11
2018	40
2017	9
2016	1
Prior	168
Amortized Cost of Revolving Loans	0
Total	256
Loans and leases, gross	256	193
Consumer | Loss | Consumer
Recorded investment in the loans and leases, by class and credit indicator
2020	15
2019	0
2018	0
2017	49
2016	0
Prior	70
Amortized Cost of Revolving Loans	0
Total	134
Loans and leases, gross	$ 134	$ 111

ALLOWANCE FOR CREDIT LOSSES A_3

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Changes in the allowance
Beginning balance		$ 48,267	$ 47,971	$ 47,916
Provision for credit losses	$ 14,652	1,532	34,621	4,219
Provision for credit losses on loans [1]	14,465		34,434
Subtotal	81,804	49,799	85,971	52,135
Charge-offs	2,388	2,634	8,823	7,646
Recoveries	1,126	1,002	3,394	3,678
Net charge-offs (recoveries)	1,262	1,632	5,429	3,968
Ending balance	80,542	48,167	80,542	48,167
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-balance sheet, credit loss, liability, beginning balance		1,897	1,272	1,242
Provision for off-balance sheet credit exposures	221	(466)		189
Off-balance sheet, credit loss, liability, ending balance	4,604	1,431	4,604	1,431
Commercial Financial And Agricultural
Changes in the allowance
Beginning balance		0	0	0
Provision for credit losses		0		0
Provision for credit losses on loans [1]	2		390
Subtotal	390	0	390	0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs (recoveries)	0	0	0	0
Ending balance	390	0	390	0
Other
Changes in the allowance
Beginning balance		8,109	8,136	8,027
Provision for credit losses		107		943
Provision for credit losses on loans [1]	2,620		11,511
Subtotal	18,127	8,216	19,020	8,970
Charge-offs	810	797	2,350	2,099
Recoveries	321	362	968	910
Net charge-offs (recoveries)	489	435	1,382	1,189
Ending balance	17,638	7,781	17,638	7,781
Construction | Real Estate
Changes in the allowance
Beginning balance		1,313	1,792	1,202
Provision for credit losses		374		(113)
Provision for credit losses on loans [1]	759		1,631
Subtotal	4,033	1,687	3,902	1,089
Charge-offs	0	0	0	0
Recoveries	0	6	131	604
Net charge-offs (recoveries)	0	(6)	(131)	(604)
Ending balance	4,033	1,693	4,033	1,693
Residential Mortgage | Real Estate
Changes in the allowance
Beginning balance		13,367	13,327	14,349
Provision for credit losses		75		(1,301)
Provision for credit losses on loans [1]	3,537		4,478
Subtotal	18,562	13,442	18,413	13,048
Charge-offs	11	0	63	0
Recoveries	13	104	214	498
Net charge-offs (recoveries)	(2)	(104)	(151)	(498)
Ending balance	18,564	13,546	18,564	13,546
Home Equity | Real Estate
Changes in the allowance
Beginning balance		4,313	4,206	3,788
Provision for credit losses		(45)		462
Provision for credit losses on loans [1]	2,517		3,545
Subtotal	6,168	4,268	6,137	4,250
Charge-offs	0	5	0	5
Recoveries	0	24	31	42
Net charge-offs (recoveries)	0	(19)	(31)	(37)
Ending balance	6,168	4,287	6,168	4,287
Commercial Mortgage | Real Estate
Changes in the allowance
Beginning balance		11,668	11,113	13,358
Provision for credit losses		541		(1,174)
Provision for credit losses on loans [1]	3,304		5,712
Subtotal	19,452	12,209	19,449	12,184
Charge-offs	75	0	75	0
Recoveries	12	0	15	25
Net charge-offs (recoveries)	63	0	60	(25)
Ending balance	19,389	12,209	19,389	12,209
Consumer | Consumer
Changes in the allowance
Beginning balance		9,497	9,397	7,192
Provision for credit losses		480		5,402
Provision for credit losses on loans [1]	1,726		7,167
Subtotal	15,072	9,977	18,660	12,594
Charge-offs	1,492	1,832	6,335	5,542
Recoveries	780	506	2,035	1,599
Net charge-offs (recoveries)	712	1,326	4,300	3,943
Ending balance	14,360	$ 8,651	14,360	$ 8,651
Impact of the adoption of new accounting standards
Changes in the allowance
Beginning balance			3,566
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-balance sheet, credit loss, liability, beginning balance			740
Impact of the adoption of new accounting standards | Commercial Financial And Agricultural
Changes in the allowance
Beginning balance			0
Impact of the adoption of new accounting standards | Other
Changes in the allowance
Beginning balance			(627)
Impact of the adoption of new accounting standards | Construction | Real Estate
Changes in the allowance
Beginning balance			479
Impact of the adoption of new accounting standards | Residential Mortgage | Real Estate
Changes in the allowance
Beginning balance			608
Impact of the adoption of new accounting standards | Home Equity | Real Estate
Changes in the allowance
Beginning balance			(1,614)
Impact of the adoption of new accounting standards | Commercial Mortgage | Real Estate
Changes in the allowance
Beginning balance			2,624
Impact of the adoption of new accounting standards | Consumer | Consumer
Changes in the allowance
Beginning balance			2,096
Adjusted balance at beginning of period
Changes in the allowance
Beginning balance	67,339		51,537
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-balance sheet, credit loss, liability, beginning balance	4,383		2,012
Provision for off-balance sheet credit exposures			2,592
Adjusted balance at beginning of period | Commercial Financial And Agricultural
Changes in the allowance
Beginning balance	388		0
Adjusted balance at beginning of period | Other
Changes in the allowance
Beginning balance	15,507		7,509
Adjusted balance at beginning of period | Construction | Real Estate
Changes in the allowance
Beginning balance	3,274		2,271
Adjusted balance at beginning of period | Residential Mortgage | Real Estate
Changes in the allowance
Beginning balance	15,025		13,935
Adjusted balance at beginning of period | Home Equity | Real Estate
Changes in the allowance
Beginning balance	3,651		2,592
Adjusted balance at beginning of period | Commercial Mortgage | Real Estate
Changes in the allowance
Beginning balance	16,148		13,737
Adjusted balance at beginning of period | Consumer | Consumer
Changes in the allowance
Beginning balance	$ 13,346		$ 11,493

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Investments in Low Income Housing Tax Credit Partnerships	$ 28,437		$ 28,437		$ 15,322
Investments in common securities of statutory trusts	1,547		1,547		1,547
Investments in affiliates	201		201		192
Other	54		54		54
Investment in unconsolidated subsidiaries	30,239		30,239		17,115
Amortization expense in pretax income	348	$ 259	1,044	$ 776
Income tax credits and adjustments	399	$ 307	1,199	$ 922
Unfunded commitments, LIHTC	22,700		22,700		$ 11,500
2020 (remainder)	12,853		12,853
2021	1,494		1,494
2022	8,253		8,253
2023	10		10
2024	26		26
2025	6		6
Thereafter	43		43
Total unfunded commitments	$ 22,685		$ 22,685

MORTGAGE SERVICING RIGHTS (Deta

MORTGAGE SERVICING RIGHTS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)
OTHER INTANGIBLE ASSETS
Income generated as a result of new mortgage servicing rights reported as gains on sale of loans			$ 9,971	$ 2,836
Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Income generated as a result of new mortgage servicing rights reported as gains on sale of loans	$ 1,000	$ 400	2,300	1,200
Changes in other intangible assets
Balance, beginning of period			14,718	15,596
Additions			2,269	1,189
Amortization	(1,300)	(700)	(4,558)	(1,727)
Balance, end of period	12,429	15,058	12,429	15,058
Fair market value and key assumptions used in determining the fair market value
Fair market value, beginning of period			15,820	17,696
Fair market value, end of period	12,694	15,965	12,694	15,965
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value					$ 69,864	$ 67,595
Accumulated Amortization					(57,435)	(52,877)
Other intangible assets	12,429	15,058	12,429	15,058	12,429	14,718	$ 15,058
Estimated Amortization Expense
2020 (remainder)					957
2021					3,375
2022					2,682
2023					2,181
2024					1,801
2025					1,433
Thereafter					0
Other intangible assets	$ 12,429	$ 15,058	$ 12,429	$ 15,058	$ 12,429	$ 14,718	$ 15,058
Measurement Input, Discount Rate | Mortgage Servicing Rights
Fair market value and key assumptions used in determining the fair market value
Forecasted constant prepayment rate assumption (1)					0.096		0.095
Measurement Input, Constant Prepayment Rate | Mortgage Servicing Rights
Fair market value and key assumptions used in determining the fair market value
Forecasted constant prepayment rate assumption (1)					0.243		0.119

DERIVATIVES (Details)

DERIVATIVES (Details) - Derivatives Not Designated as Hedging Instruments $ in Millions	Sep. 30, 2020USD ($)
Interest rate lock commitments
DERIVATIVES
Mortgage loans hedged	$ 2.9
Forward sale commitments
DERIVATIVES
Mortgage loans hedged	$ 19.3

DERIVATIVES (Balance Sheet) (De

DERIVATIVES (Balance Sheet) (Details) - Derivatives Not Designated as Hedging Instruments - Interest rate lock and forward sale commitments - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Asset Derivatives
Fair Value	$ 111	$ 8
Liability Derivatives
Fair Value	$ 127	$ 28

DERIVATIVES (Income Statement)

DERIVATIVES (Income Statement) (Details) - Derivatives Not Designated as Hedging Instruments - Derivatives Not in Cash Flow Hedging Relationship - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Mortgage banking income | Interest rate lock and forward sale commitments
DERIVATIVES
Unrealized gain (loss) on interest rate locks	$ 109	$ 110	$ 59	$ 131
Other service charges and fees | Risk participation agreement
DERIVATIVES
Unrealized gain (loss) on interest rate locks	$ (54)		$ 1,234
Other income | Loans held for sale
DERIVATIVES
Unrealized gain (loss) on interest rate locks		$ (1)		$ (1)

SHORT-TERM BORROWINGS AND LON_3

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Narrative (Details)	1 Months Ended			9 Months Ended
	Dec. 31, 2004USD ($)	Sep. 30, 2004USD ($)	Oct. 31, 2003trust	Sep. 30, 2020USD ($)period	Dec. 31, 2019USD ($)	Jan. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Short-term borrowings				$ 206,000,000	$ 150,000,000
Long term borrowings				101,547,000	101,547,000
Number of wholly owned statutory trusts created | trust			2
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Line of Credit, maximum borrowing capacity				1,790,000,000	1,840,000,000
Unused borrowings available				1,260,000,000	1,570,000,000
Short-term borrowings				206,000,000	150,000,000
Letters of Credit, outstanding				267,000,000	78,900,000
Commercial real estate and commercial loans pledged as collateral				2,710,000,000
Federal Reserve discount window line of credit
Debt Instrument [Line Items]
Unused borrowings available				59,200,000	65,300,000
Commercial real estate and commercial loans pledged as collateral				125,000,000	126,100,000
C P B Capital Trust I I [Member]
Debt Instrument [Line Items]
Trust preferred securities, redemption amount						$ 20,000,000
C P B Capital Trust I I I [Member]
Debt Instrument [Line Items]
Trust preferred securities, redemption amount							$ 20,000,000
C P B Capital Trust I V [Member]
Debt Instrument [Line Items]
Trust preferred securities issued value		$ 30,000,000
Trust preferred securities, variable rate basis		three-month LIBOR
Trust preferred securities, basis spread on variable rate		2.45%
Common securities issued		$ 900,000
C P B Capital Trust V [Member]
Debt Instrument [Line Items]
Trust preferred securities issued value	$ 20,000,000
Trust preferred securities, variable rate basis	three-month LIBOR
Trust preferred securities, basis spread on variable rate	1.87%
Common securities issued	$ 600,000
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Long term borrowings				$ 50,000,000	$ 50,000,000
Subordinated Debt [Member]
Debt Instrument [Line Items]
Number of periods interest can be deferred | period				20
Subordinated Debt [Member] | C P B Capital Trust I V [Member]
Debt Instrument [Line Items]
Long term borrowings				$ 30,900,000
Subordinated Debt [Member] | C P B Capital Trust V [Member]
Debt Instrument [Line Items]
Long term borrowings				$ 20,600,000
Maximum | Subordinated Debt [Member]
Debt Instrument [Line Items]
Redemption period				90 days

SHORT-TERM BORROWINGS AND LON_4

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Subordinated Debentures (Details) - Junior Subordinated Debt - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Subordinated Debentures	$ 51,547	$ 51,547
Trust IV
Debt Instrument [Line Items]
Subordinated Debentures	30,928	30,928
Trust V
Debt Instrument [Line Items]
Subordinated Debentures	$ 20,619	$ 20,619

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from External Customer [Line Items]
In-scope other operating income	$ 5,791	$ 6,779	$ 17,554	$ 19,066
Out-of-scope other operating income	5,772	3,487	13,587	12,967
Total other operating income	11,563	10,266	31,141	32,033
Loan placement fees
Revenue from External Customer [Line Items]
In-scope other operating income	235	230	653	486
Service charges on deposit accounts
Revenue from External Customer [Line Items]
In-scope other operating income	1,475	2,125	4,674	6,247
Other service charges and fees
Revenue from External Customer [Line Items]
In-scope other operating income	2,932	3,281	8,517	9,096
Income from fiduciary activities
Revenue from External Customer [Line Items]
In-scope other operating income	1,149	1,126	3,716	3,220
Net gain (loss) on sales of foreclosed assets
Revenue from External Customer [Line Items]
In-scope other operating income	$ 0	$ 17	$ (6)	$ 17

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - Restricted Stock Awards and Units	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Activity of nonvested shares
Nonvested restricted stock awards and units, beginning of period (in shares) | shares	366,467
Changes during the period:
Granted (in shares) | shares	321,722
Vested (in shares) | shares	(123,179)
Forfeited (in shares) | shares	(22,628)
Nonvested restricted stock awards and units, end of period (in shares) | shares	542,382
Weighted Average Grant Date Fair Value
Nonvested restricted stock awards and units, beginning of period (in dollars per share) | $ / shares	$ 28.89
Changes during the period:
Granted (in dollars per share) | $ / shares	18.11
Vested (in dollars per share) | $ / shares	29.47
Forfeited (in dollars per share) | $ / shares	24.80
Nonvested restricted stock awards and units, end of period (in dollars per share) | $ / shares	$ 22.53

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating Lease, Cost	$ 1,613	$ 1,627	$ 4,919	$ 4,883
Variable Lease, Cost	732	699	2,098	1,950
Sublease Income	0	(11)	(15)	(33)
Lease, Cost	2,345	2,315	7,002	6,800
Cash flows from operating leases	$ (1,554)	$ (1,558)	$ (4,743)	$ (4,663)
Operating Lease, Weighted Average Remaining Lease Term	12 years 5 months 19 days	13 years 9 months 18 days	12 years 5 months 19 days	13 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	3.91%	3.92%	3.91%	3.92%

LEASES - Lessee, Operating Leas

LEASES - Lessee, Operating Lease Maturities (Details) $ in Thousands	Sep. 30, 2020USD ($)
Undiscounted Cash Flows
2020 (remainder)	$ 1,451
2021	5,839
2022	5,433
2023	4,860
2024	4,539
2025	4,227
Thereafter	31,700
Total	58,049
Lease Liability Expense
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Remainder Of The Year	437
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Two	1,638
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Three	1,487
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Four	1,348
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Five	1,222
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Six	1,096
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due After Year Six	5,466
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	12,694
Lease Liability Reduction
Lessee, Operating Lease, Lease Liability Reduction, Due Remainder Of The Year	1,014
Lessee, Operating Lease, Lease Liability Reduction, Year Two	4,201
Lessee, Operating Lease, Lease Liability Reduction, Year Three	3,946
Lessee, Operating Lease, Lease Liability Reduction, Year Four	3,512
Lessee, Operating Lease, Lease Liability Reduction, Year Five	3,317
Lessee, Operating Lease, Lease Liability Reduction, Year Six	3,131
Lessee, Operating Lease, Lease Liability Reduction, After Year Six	26,234
Lessee, Operating Lease, Lease Liability Reduction	$ 45,355

LEASES - Rental Income (Details

LEASES - Rental Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Total rental income recognized	$ 492	$ 522	$ 1,559	$ 1,576

LEASES - Lessor, Operating Leas

LEASES - Lessor, Operating Lease Maturities (Details) $ in Thousands	Sep. 30, 2020USD ($)
Leases [Abstract]
2020 (remainder)	$ 530
2021	2,133
2022	1,790
2023	480
2024	84
2025	72
Thereafter	190
Total	$ 5,279

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Before Tax
Other comprehensive income (loss), before tax	$ (2,744)			$ 6,310			$ 20,664	$ 38,499
Tax Effect
Other comprehensive income, tax	(734)			1,641			5,532	10,179
Net of Tax
Total other comprehensive income (loss), net of tax	(2,010)	$ 6,479	$ 10,663	4,669	$ 12,413	$ 11,238	15,132	28,320
Net unrealized gains on investment securities
Before Tax
Other comprehensive income (loss) before reclassification, before tax	(3,434)			6,027			18,994	37,671
Reclassification from AOCI, before tax	352			(36)			352	(36)
Other comprehensive income (loss), before tax	(3,082)			5,991			19,346	37,635
Tax Effect
Other comprehensive income (loss) before reclassifications, tax	(919)			1,615			5,087	10,098
Reclassification from AOCI, tax	94			(10)			94	(10)
Other comprehensive income, tax	(825)			1,605			5,181	10,088
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	(2,515)			4,412			13,907	27,573
Reclassification from AOCI, net of tax	258			(26)			258	(26)
Total other comprehensive income (loss), net of tax	(2,257)			4,386			14,165	27,547
Net actuarial losses arising during the period
Before Tax
Reclassification from AOCI, before tax							427
Tax Effect
Reclassification from AOCI, tax							114
Net of Tax
Reclassification from AOCI, net of tax							313
Amortization of net actuarial loss
Before Tax
Reclassification from AOCI, before tax	330			310			867	837
Tax Effect
Reclassification from AOCI, tax	89			31			230	84
Net of Tax
Reclassification from AOCI, net of tax	241			279			637	753
Amortization of net transition obligation
Before Tax
Reclassification from AOCI, before tax	5			5			14	14
Tax Effect
Reclassification from AOCI, tax	1			3			4	4
Net of Tax
Reclassification from AOCI, net of tax	4			2			10	10
Amortization of prior service cost
Before Tax
Reclassification from AOCI, before tax	3			4			10	13
Tax Effect
Reclassification from AOCI, tax	1			2			3	3
Net of Tax
Reclassification from AOCI, net of tax	2			2			7	10
Defined benefit plans, net
Before Tax
Other comprehensive income (loss), before tax	(338)			(319)			(1,318)	(864)
Tax Effect
Other comprehensive income, tax	(91)			(36)			(351)	(91)
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	0			0			313	0
Reclassification from AOCI, net of tax	247			283			654	773
Total other comprehensive income (loss), net of tax	$ 247			$ 283			$ 967	$ 773

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Changes in each component of AOCI, net of tax
Balance at beginning of period			$ 528,520				$ 528,520
Total other comprehensive income (loss), net of tax	$ (2,010)	$ 6,479	10,663	$ 4,669	$ 12,413	$ 11,238	15,132	$ 28,320
Balance at end of period	543,903						543,903
Investment Securities
Changes in each component of AOCI, net of tax
Balance at beginning of period	31,247		14,825	10,418		(9,643)	14,825	(9,643)
Other comprehensive income before reclassifications	(2,515)			4,412			13,907	27,573
Reclassification adjustments from AOCI	258			(26)			258	(26)
Total other comprehensive income (loss), net of tax	(2,257)			4,386			14,165	27,547
Balance at end of period	28,990	31,247		14,804	10,418		28,990	14,804
Investment Securities | Impact of the adoption of new accounting standards
Changes in each component of AOCI, net of tax
Balance at beginning of period						(3,100)		(3,100)
Investment Securities | Adjusted balance at beginning of period
Changes in each component of AOCI, net of tax
Balance at beginning of period						(12,743)		(12,743)
Defined Benefit Plans
Changes in each component of AOCI, net of tax
Balance at beginning of period	(5,696)		(6,416)	(5,960)		(6,450)	(6,416)	(6,450)
Other comprehensive income before reclassifications	0			0			313	0
Reclassification adjustments from AOCI	247			283			654	773
Total other comprehensive income (loss), net of tax	247			283			967	773
Balance at end of period	(5,449)	(5,696)		(5,677)	(5,960)		(5,449)	(5,677)
Defined Benefit Plans | Impact of the adoption of new accounting standards
Changes in each component of AOCI, net of tax
Balance at beginning of period						0		0
Defined Benefit Plans | Adjusted balance at beginning of period
Changes in each component of AOCI, net of tax
Balance at beginning of period						(6,450)		(6,450)
Accum. Other Comp. Income (Loss)
Changes in each component of AOCI, net of tax
Balance at beginning of period	25,551		8,409	4,458		(16,093)	8,409	(16,093)
Other comprehensive income before reclassifications	(2,515)			4,412			14,220	27,573
Reclassification adjustments from AOCI	505			257			912	747
Total other comprehensive income (loss), net of tax	(2,010)	6,479	$ 10,663	4,669	12,413	11,238	15,132	28,320
Balance at end of period	$ 23,541	$ 25,551		$ 9,127	$ 4,458		$ 23,541	9,127
Accum. Other Comp. Income (Loss) | Impact of the adoption of new accounting standards
Changes in each component of AOCI, net of tax
Balance at beginning of period						(3,100)		(3,100)
Accum. Other Comp. Income (Loss) | Adjusted balance at beginning of period
Changes in each component of AOCI, net of tax
Balance at beginning of period						$ (19,193)		$ (19,193)

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassified out of AOCI) (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Amounts reclassified out of each component of accumulated other comprehensive income
Investment securities gains (losses)	$ (352)			$ 36			$ (352)	$ 36
Income tax benefit (expense)	(2,200)			(4,895)			(7,988)	(14,440)
Net income	6,859	$ 9,917	$ 8,326	14,554	$ 13,534	$ 16,037	25,102	44,125
Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Net income	(505)			(257)			(912)	(747)
Investment Securities
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from AOCI, net of tax	(258)			26			(258)	26
Investment Securities | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Investment securities gains (losses)	(352)			36			(352)	36
Income tax benefit (expense)	94			(10)			94	(10)
Net income	(258)			26			(258)	26
Defined Benefit Plans
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from AOCI, net of tax	(247)			(283)			(654)	(773)
Defined Benefit Plans | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(338)			(319)			(891)	(864)
Amortization of defined benefit plan items, tax	91			36			237	91
Reclassification from AOCI, net of tax	(247)			(283)			(654)	(773)
Amortization of net actuarial loss
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(330)			(310)			(867)	(837)
Amortization of defined benefit plan items, tax	89			31			230	84
Reclassification from AOCI, net of tax	(241)			(279)			(637)	(753)
Amortization of net actuarial loss | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(330)			(310)			(867)	(837)
Amortization of net transition obligation
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(5)			(5)			(14)	(14)
Amortization of defined benefit plan items, tax	1			3			4	4
Reclassification from AOCI, net of tax	(4)			(2)			(10)	(10)
Amortization of net transition obligation | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(5)			(5)			(14)	(14)
Amortization of prior service cost
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(3)			(4)			(10)	(13)
Amortization of defined benefit plan items, tax	1			2			3	3
Reclassification from AOCI, net of tax	(2)			(2)			(7)	(10)
Amortization of prior service cost | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	$ (3)			$ (4)			$ (10)	$ (13)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
SHARE-BASED COMPENSATION
Net income	$ 6,859	$ 9,917	$ 8,326	$ 14,554	$ 13,534	$ 16,037	$ 25,102	$ 44,125
Weighted average shares outstanding - basic	28,060,020			28,424,898			28,075,684	28,575,369
Weighted average shares outstanding - diluted	28,111,664			28,602,338			28,172,153	28,762,057
Basic earnings per common share (in dollars per share)	$ 0.24			$ 0.51			$ 0.89	$ 1.54
Diluted earnings per common share (in dollars per share)	$ 0.24			$ 0.51			$ 0.89	$ 1.53
Antidilutive securities excluded from the dilutive share calculation (in shares)	0			0			0	0
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements	51,644			177,440			96,469	186,688

FAIR VALUE OF FINANCIAL ASSET_3

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Loans, weighted average discount rate, percent	4.78%	4.78%
Time deposits, weighted average discount rate, percent	0.41%	0.41%
Long-term debt, weighted average interest rate	2.83%	2.83%
Financial assets
Cash and due from banks	$ 89,665,000	$ 89,665,000	$ 78,418,000
Interest-bearing deposits in other banks	5,489,000	5,489,000	24,554,000
Loans held for sale	23,962,000	23,962,000	9,083,000
Accrued interest receivable	21,478,000	21,478,000	16,500,000
Deposits:
Noninterest-bearing deposits	1,762,476,000	1,762,476,000	1,450,532,000
Time deposits	921,226,000	921,226,000	1,026,453,000
Transfers of financial assets (liability) into Level 3	1	1
Transfers of financial assets (liability) out of Level 3	0	0
Interest rate lock commitments
Deposits:
Derivatives, Notional Amount	2,927,000	2,927,000	625,000
Forward sale commitments
Deposits:
Derivatives, Notional Amount	19,341,000	19,341,000	8,968,000
Commitments to extend credit
Deposits:
Off-balance sheet financial instruments, Notional Amount	1,195,510,000	1,195,510,000	1,089,135,000
Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments, Notional Amount	10,842,000	10,842,000	10,526,000
Risk participation agreement
Deposits:
Derivatives, Notional Amount	28,800,000	28,800,000
Carrying Amount
Financial assets
Cash and due from banks	89,665,000	89,665,000	78,418,000
Interest-bearing deposits in other banks	5,489,000	5,489,000	24,554,000
Investment securities	1,167,523,000	1,167,523,000	1,128,110,000
Loans held for sale	23,962,000	23,962,000	9,083,000
Net loans and leases	4,950,084,000	4,950,084,000	4,401,569,000
Accrued interest receivable	21,478,000	21,478,000	16,500,000
Deposits:
Noninterest-bearing deposits	1,762,476,000	1,762,476,000	1,450,532,000
Interest-bearing demand and savings deposits	2,995,227,000	2,995,227,000	2,643,038,000
Time deposits	921,226,000	921,226,000	1,026,453,000
Short-term debt	206,000,000	206,000,000	150,000,000
Long-term debt	101,547,000	101,547,000	101,547,000
Interest Payable	1,608,000	1,608,000	4,288,000
Carrying Amount | Interest rate lock commitments
Deposits:
Derivative liabilities	111,000	111,000	8,000
Carrying Amount | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	1,368,000	1,368,000	1,230,000
Carrying Amount | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	163,000	163,000	158,000
Carrying Amount | Risk participation agreement
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(54,000)	(54,000)
Estimated Fair Value
Financial assets
Cash and due from banks	89,665,000	89,665,000	78,418,000
Interest-bearing deposits in other banks	5,489,000	5,489,000	24,554,000
Investment securities	1,167,523,000	1,167,523,000	1,128,110,000
Loans held for sale	23,962,000	23,962,000	9,083,000
Net loans and leases	4,844,662,000	4,844,662,000	4,392,477,000
Accrued interest receivable	21,478,000	21,478,000	16,500,000
Deposits:
Noninterest-bearing deposits	1,762,476,000	1,762,476,000	1,450,532,000
Interest-bearing demand and savings deposits	2,995,227,000	2,995,227,000	2,643,038,000
Time deposits	922,223,000	922,223,000	1,023,362,000
Short-term debt	206,000,000	206,000,000	150,000,000
Long-term debt	90,690,000	90,690,000	97,827,000
Interest Payable	1,608,000	1,608,000	4,288,000
Estimated Fair Value | Interest rate lock commitments
Deposits:
Derivative liabilities	111,000	111,000	8,000
Estimated Fair Value | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	1,368,000	1,368,000	1,230,000
Estimated Fair Value | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	163,000	163,000	158,000
Estimated Fair Value | Risk participation agreement
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(54,000)	(54,000)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Cash and due from banks	89,665,000	89,665,000	78,418,000
Interest-bearing deposits in other banks	5,489,000	5,489,000	24,554,000
Investment securities	1,204,000	1,204,000	1,127,000
Loans held for sale	0	0	0
Net loans and leases	0	0	0
Accrued interest receivable	21,478,000	21,478,000	16,500,000
Deposits:
Noninterest-bearing deposits	1,762,476,000	1,762,476,000	1,450,532,000
Interest-bearing demand and savings deposits	2,995,227,000	2,995,227,000	2,643,038,000
Time deposits	0	0	0
Short-term debt	0	0	0
Long-term debt	0	0	0
Interest Payable	1,608,000	1,608,000	4,288,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate lock commitments
Deposits:
Derivative liabilities	0	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	0	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	0	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Risk participation agreement
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
Significant Other Observable Inputs (Level 2)
Financial assets
Cash and due from banks	0	0	0
Interest-bearing deposits in other banks	0	0	0
Investment securities	1,153,791,000	1,153,791,000	1,115,728,000
Loans held for sale	23,962,000	23,962,000	9,083,000
Net loans and leases	0	0	0
Accrued interest receivable	0	0	0
Deposits:
Noninterest-bearing deposits	0	0	0
Interest-bearing demand and savings deposits	0	0	0
Time deposits	0	0	0
Short-term debt	206,000,000	206,000,000	150,000,000
Long-term debt	0	0	97,827,000
Interest Payable	0	0	0
Significant Other Observable Inputs (Level 2) | Interest rate lock commitments
Deposits:
Derivative liabilities	111,000	111,000	8,000
Significant Other Observable Inputs (Level 2) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	1,368,000	1,368,000	1,230,000
Significant Other Observable Inputs (Level 2) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	163,000	163,000	158,000
Significant Other Observable Inputs (Level 2) | Risk participation agreement
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
Significant Unobservable Inputs (Level 3)
Financial assets
Cash and due from banks	0	0	0
Interest-bearing deposits in other banks	0	0	0
Investment securities	12,528,000	12,528,000	11,255,000
Loans held for sale	0	0	0
Net loans and leases	4,844,662,000	4,844,662,000	4,392,477,000
Accrued interest receivable	0	0	0
Deposits:
Noninterest-bearing deposits	0	0	0
Interest-bearing demand and savings deposits	0	0	0
Time deposits	922,223,000	922,223,000	1,023,362,000
Short-term debt	0	0	0
Long-term debt	90,690,000	90,690,000	0
Interest Payable	0	0	0
Significant Unobservable Inputs (Level 3) | Interest rate lock commitments
Deposits:
Derivative liabilities	0	0	0
Significant Unobservable Inputs (Level 3) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	0	0	0
Significant Unobservable Inputs (Level 3) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	0	0	0
Significant Unobservable Inputs (Level 3) | Risk participation agreement
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(54,000)	(54,000)
Recurring basis | Carrying Amount | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(73,000)	(73,000)	(28,000)
Recurring basis | Estimated Fair Value | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(73,000)	(73,000)	(28,000)
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0	0
Recurring basis | Significant Other Observable Inputs (Level 2) | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(73,000)	(73,000)	(28,000)
Recurring basis | Significant Unobservable Inputs (Level 3) | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	$ 0	$ 0	$ 0

FAIR VALUE OF FINANCIAL ASSET_4

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 1,166,319	$ 1,126,983
Equity securities, at fair value	1,204	1,127
States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	168,589	122,018
Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	50,558	30,529
U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	34,944	40,381
Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	763,326	677,822
Commercial - U.S. Government agencies and sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	73,786	81,225
Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	28,676	37,191
Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	46,440	137,817
Equity securities
Assets and liabilities measured at fair value
Equity securities, at fair value	1,204	1,127
Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	1,166,319	1,126,983
Total	1,167,507	1,128,090
Recurring basis | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives: Interest rate lock and forward sale commitments	(16)	(20)
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	168,589	122,018
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	50,558	30,529
Recurring basis | U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	34,944	40,381
Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	763,326	677,822
Recurring basis | Commercial - U.S. Government agencies and sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	73,786	81,225
Recurring basis | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	28,676	37,191
Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	46,440	137,817
Recurring basis | Equity securities
Assets and liabilities measured at fair value
Equity securities, at fair value	1,204	1,127
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Total	1,204	1,127
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives: Interest rate lock and forward sale commitments	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial - U.S. Government agencies and sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities
Assets and liabilities measured at fair value
Equity securities, at fair value	1,204	1,127
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	1,153,791	1,115,728
Total	1,153,829	1,115,708
Recurring basis | Significant Other Observable Inputs (Level 2) | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives: Interest rate lock and forward sale commitments	38	(20)
Recurring basis | Significant Other Observable Inputs (Level 2) | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	157,055	110,763
Recurring basis | Significant Other Observable Inputs (Level 2) | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	50,558	30,529
Recurring basis | Significant Other Observable Inputs (Level 2) | U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	34,944	40,381
Recurring basis | Significant Other Observable Inputs (Level 2) | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	763,326	677,822
Recurring basis | Significant Other Observable Inputs (Level 2) | Commercial - U.S. Government agencies and sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	73,786	81,225
Recurring basis | Significant Other Observable Inputs (Level 2) | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	27,682	37,191
Recurring basis | Significant Other Observable Inputs (Level 2) | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	46,440	137,817
Recurring basis | Significant Other Observable Inputs (Level 2) | Equity securities
Assets and liabilities measured at fair value
Equity securities, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3)
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	12,528	11,255
Total	12,474	11,255
Recurring basis | Significant Unobservable Inputs (Level 3) | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives: Interest rate lock and forward sale commitments	(54)	0
Recurring basis | Significant Unobservable Inputs (Level 3) | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	11,534	11,255
Recurring basis | Significant Unobservable Inputs (Level 3) | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | U.S. Treasury obligations and direct obligations of U.S Government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Commercial - U.S. Government agencies and sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	994	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Recurring basis | Significant Unobservable Inputs (Level 3) | Equity securities
Assets and liabilities measured at fair value
Equity securities, at fair value	$ 0	$ 0

FAIR VALUE OF FINANCIAL ASSET_5

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Change in Level 3 Assets and Liabilities) (Details 3) - Mortgage revenue bonds $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)security	Sep. 30, 2019USD ($)	Dec. 31, 2019
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Aggregate fair value / Balance at the beginning of the period	$ 11,255	$ 11,169
Principal payments received	(319)	(285)
Unrealized net gain included in other comprehensive income	598	618
Purchases	994	0
Aggregate fair value / Balance at the end of the period	12,528	11,502
States and political subdivisions
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Aggregate fair value / Balance at the beginning of the period	11,255	11,169
Principal payments received	(319)	(285)
Unrealized net gain included in other comprehensive income	598	618
Purchases	0	0
Aggregate fair value / Balance at the end of the period	$ 11,534	11,502
Additional disclosures
Number of investment securities held | security	4
Residential - Non-government agencies
Changes in Level 3 assets and liabilities measured at fair value on a recurring basis
Aggregate fair value / Balance at the beginning of the period	$ 0	0
Principal payments received	0	0
Unrealized net gain included in other comprehensive income	0	0
Purchases	994	0
Aggregate fair value / Balance at the end of the period	$ 994	$ 0
Additional disclosures
Number of investment securities held | security	2
Measurement Input, Discount Rate | Weighted average
Additional disclosures
Forecasted constant prepayment rate assumption (1)	0.0279	0.0394	0.0408

FAIR VALUE OF FINANCIAL ASSET_6

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets measured at fair value on a nonrecurring basis
Other real estate owned	$ 128	$ 164
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Other real estate owned	0	0
Significant Other Observable Inputs (Level 2) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Other real estate owned	128	164
Significant Unobservable Inputs (Level 3) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Other real estate owned	$ 0	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Millions	Oct. 20, 2020	Mar. 27, 2020
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.00%
Subsequent Event
Subsequent Event [Line Items]
Subordinated notes	$ 55
Subsequent Event | Notes
Subsequent Event [Line Items]
Debt instrument, term	10 years
Debt Instrument, Interest Rate, Stated Percentage First Five Years	4.75%
Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Notes
Subsequent Event [Line Items]
Debt Instrument, Description of Variable Rate Basis	three-month Secured Overnight Financing Rate
Debt Instrument, Basis Spread on Variable Rate	(456.00%)

Uncategorized Items - cpf-20200

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2017-12 [Member]