Central Pacific Financial (CPF) 10-Q 28 Apr 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	Apr. 19, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-31567
Entity Registrant Name	CENTRAL PACIFIC FINANCIAL CORP
Entity Incorporation, State or Country Code	HI
Entity Tax Identification Number	99-0212597
Entity Address, Address Line One	220 South King Street
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
Title of 12(b) Security	Common stock, No Par Value
Trading Symbol	CPF
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		28,292,530
Entity Central Index Key	0000701347
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 93,358	$ 97,546
Interest-bearing deposits in other banks	166,533	6,521
Investment securities:
Available-for-sale debt securities, at fair value	1,216,341	1,182,609
Equity securities, at fair value	1,435	1,351
Total investment securities	1,217,776	1,183,960
Loans held for sale	5,234	16,687
Loans	5,137,849	4,964,113
Allowance for credit losses	(81,553)	(83,269)
Loans, net of allowance for credit losses	5,056,296	4,880,844
Premises and equipment, net	72,599	65,278
Accrued interest receivable	19,440	20,224
Investment in unconsolidated subsidiaries	31,487	29,968
Mortgage servicing rights	11,094	11,865
Bank-owned life insurance	167,110	163,161
Federal Home Loan Bank stock	8,155	8,237
Right-of-use lease asset	44,727	45,857
Other assets	85,456	64,435
Total assets	6,979,265	6,594,583
Deposits:
Noninterest-bearing demand	2,070,428	1,790,269
Interest-bearing demand	1,237,574	1,174,888
Savings and money market	2,004,368	1,932,043
Time	896,580	898,918
Total deposits	6,208,950	5,796,118
Short-term borrowings	0	22,000
Long-term debt	105,436	105,385
Lease liability	46,033	47,191
Other liabilities	75,933	77,156
Total liabilities	6,436,352	6,047,850
Equity
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none at March 31, 2021 and December 31, 2020	0	0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 28,282,530 at March 31, 2021 and 28,183,340 at December 31, 2020	443,505	442,635
Additional paid-in capital	95,721	94,842
Retained earnings (Accumulated deficit)	628	(10,920)
Accumulated other comprehensive income	3,011	20,128
Total shareholders' equity	542,865	546,685
Stockholders' Equity Attributable to Noncontrolling Interest	48	48
Total equity	542,913	546,733
Total liabilities and equity	$ 6,979,265	$ 6,594,583

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
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	28,282,530	28,183,340
Common stock, outstanding shares	28,282,530	28,183,340

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Interest income:
Interest and fees on loans	$ 46,074	$ 46,204
Interest and dividends on investment securities:
Taxable interest	5,106	6,757
Tax-exempt interest	514	668
Dividends	18	17
Interest on deposits in other banks	10	36
Dividends on Federal Home Loan Bank stock	59	132
Total interest income	51,781	53,814
Interest on deposits:
Demand	86	176
Savings and money market	274	1,118
Time	588	3,268
Interest on short-term borrowings	2	508
Interest on long-term debt	1,027	914
Total interest expense	1,977	5,984
Net interest income	49,804	47,830
Provision for credit losses	(821)	11,127
Net interest income after provision for credit losses	50,625	36,703
Other operating income:
Mortgage banking income	2,970	337
Service charges on deposit accounts	1,478	2,050
Other service charges and fees	3,790	4,897
Income from fiduciary activities	1,231	1,297
Income from bank-owned life insurance	797	(19)
Other	445	324
Total other operating income	10,711	8,886
Other operating expense:
Salaries and employee benefits	19,827	20,054
Net occupancy	3,764	3,672
Equipment	1,000	1,097
Communication expense	769	837
Legal and professional services	2,377	2,028
Computer software expense	3,783	2,943
Advertising expense	1,658	1,092
Other	4,668	2,719
Total other operating expense	37,846	34,442
Income before income taxes	23,490	11,147
Income tax expense	5,452	2,821
Net income	$ 18,038	$ 8,326
Per common share data:
Basic earnings per common share (in dollars per share)	$ 0.64	$ 0.30
Diluted earnings per common share (in dollars per share)	0.64	0.29
Cash dividends declared (in dollars per share)	$ 0.23	$ 0.23
Weighted average common shares outstanding used in computation:
Basic shares (in shares)	28,108,648	28,126,400
Diluted shares (in shares)	28,313,014	28,277,753

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 18,038	$ 8,326
Other comprehensive (loss) income, net of tax:
Net change in unrealized (loss) gain on investment securities	(17,301)	10,147
Defined benefit plans	184	516
Total other comprehensive (loss) income, net of tax	(17,117)	10,663
Comprehensive income	$ 921	$ 18,989

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 Shares OutstandingAdjusted balance at beginning of period	Common Stock	Common StockAdjusted balance at beginning of period	Additional Paid-In Capital	Additional Paid-In CapitalAdjusted balance at beginning of period	Retained Earnings (Accum. Deficit)	Retained Earnings (Accum. Deficit)Impact of the adoption of new accounting standards	Retained Earnings (Accum. Deficit)Adjusted balance at beginning of period	Accum. Other Comp. Income (Loss)	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)					28,289,257
Balance (in shares) at Dec. 31, 2019				28,289,257
Balance at beginning of period at Dec. 31, 2019	$ 528,520	$ (3,156)	$ 525,364			$ 447,602	$ 447,602	$ 91,611	$ 91,611	$ (19,102)	$ (3,156)	$ (22,258)	$ 8,409	$ 8,409	$ 0	$ 0
Increase (Decrease) in Shareholders' Equity
Net income	8,326									8,326
Other comprehensive loss	10,663												10,663
Cash dividends declared	(6,496)									(6,496)
Shares of common stock repurchased and other related costs (in shares)				(206,802)
Common stock repurchased and retired and other related costs	(4,749)					(4,749)
Share-based compensation (in shares)				32,898
Share-based compensation	673							673
Non-controlling interest	49														49
Balance (in shares) at Mar. 31, 2020				28,115,353
Balance at end of period at Mar. 31, 2020	$ 533,830					442,853		92,284		(20,428)			19,072		49
Balance (in shares) at Dec. 31, 2020	28,183,340			28,183,340
Balance at beginning of period at Dec. 31, 2020	$ 546,733					442,635		94,842		(10,920)			20,128		48
Increase (Decrease) in Shareholders' Equity
Net income	18,038									18,038
Other comprehensive loss	(17,117)												(17,117)
Cash dividends declared	(6,490)									(6,490)
Share-based compensation (in shares)				99,190
Share-based compensation	$ 1,749					870		879
Balance (in shares) at Mar. 31, 2021	28,282,530			28,282,530
Balance at end of period at Mar. 31, 2021	$ 542,913					$ 443,505		$ 95,721		$ 628			$ 3,011		$ 48

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.23	$ 0.23

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income	$ 18,038	$ 8,326
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	(821)	11,127
Depreciation and amortization of premises and equipment	1,608	1,504
Non-cash lease (benefit) expense	(28)	59
Cash flows from operating leases	(1,599)	(1,594)
Loss on disposal of fixed assets	32	0
Loss on sale of other real estate, net of write-downs	0	64
Amortization of mortgage servicing rights	1,232	1,547
Net amortization and accretion of premium/discounts on investment securities	2,391	1,982
Share-based compensation expense	879	673
Net gain on sales of residential mortgage loans	(2,439)	(727)
Proceeds from sales of loans held for sale	57,439	31,498
Originations of loans held for sale	(43,547)	(25,598)
Equity in earnings of unconsolidated subsidiaries	(107)	(26)
Distributions from unconsolidated subsidiaries	181	73
Net (increase) decrease in cash surrender value of bank-owned life insurance	(898)	19
Deferred income taxes	(6,687)	(406)
Net tax benefit (expense) from share-based compensation	131	(48)
Net change in other assets and liabilities	(6,126)	2,772
Net cash provided by operating activities	19,679	31,245
Cash flows from investing activities:
Proceeds from maturities of and calls on investment securities available-for-sale	80,015	50,878
Purchases of investment securities available-for-sale	(139,785)	(96,068)
Net loan originations	(138,572)	(41,339)
Purchases of loan portfolios	(36,059)	(22,340)
Purchases of bank-owned life insurance	(3,550)	0
Proceeds from bank-owned life insurance	499	0
Net purchases of premises, equipment and land	(8,961)	(5,608)
Contributions to unconsolidated subsidiaries	(2,736)	(422)
Net proceeds from redemption of (purchases of) FHLB stock	82	(3,126)
Net cash used in investing activities	(249,067)	(118,025)
Cash flows from financing activities:
Net increase in deposits	412,832	16,046
Net (decrease) increase in short-term borrowings	(22,000)	72,000
Cash dividends paid on common stock	(6,490)	(6,496)
Repurchases of common stock and other related costs	0	(4,749)
Net proceeds from issuance of common stock and stock option exercises	870	0
Net cash provided by financing activities	385,212	76,801
Net increase (decrease) in cash and cash equivalents	155,824	(9,979)
Cash and cash equivalents at beginning of period	104,067	102,972
Cash and cash equivalents at end of period	259,891	92,993
Cash paid during the period for:
Interest	1,681	6,140
Income taxes	$ 2,445	$ 170

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
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, 2020. 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. Reclassifications Certain amounts reported in prior years in the financial statements have been reclassified to conform to the current year’s presentation. These reclassifications did not impact net income, the consolidated balance sheets and the consolidated statements of cash flows. 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, $27.7 million and $3.6 million, respectively, at March 31, 2021 and $0.3 million, $28.1 million and $1.6 million, respectively, at December 31, 2020. 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, the success of the continued COVID-19 vaccine rollout, and other 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. 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 March 31, 2021 and the Company did not reverse any accrued interest against interest income during the three months ended March 31, 2021. 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 March 31, 2021, 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 $3.9 million as of March 31, 2021. 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 March 31, 2021. 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 typically 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 $15.6 million at March 31, 2021 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. The reserve has remained unchanged through March 31, 2021. 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 Coronavirus Aid, Relief and Economic Security ("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. In December 2020, the Consolidated Appropriations Act, 2021 was signed into law. Section 541 of this legislation, “Extension of Temporary Relief From Troubled Debt Restructurings and Insurer Clarification,” extends Section 4013 of the CARES Act to the earlier of January 1, 2022 or 60 days after the termination of the national emergency declared relating to COVID-19. 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, the success of the continued COVID-19 vaccine rollout, and other 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 a one year reversion period. 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 Baseline forecast service for its economic forecast assumption. The Moody’s Analytics Baseline forecast includes both National and Hawaii specific economic indicators. The Moody’s Analytics forecast service is widely used in the industry and is reasonable and supportable. It is updated at least monthly and includes a variety of upside and downside economic scenarios from the Baseline. Generally the Company will use the most recent Baseline 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 (term) loans, including auto 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: ma

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Standards Adopted in 2021 In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740)." This ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. It also improves consistent application of GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The Company adopted ASU 2019-12 effective January 1, 2021 and it did not have a material impact on our consolidated financial statements. In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." This ASU issues improvements to the codification by ensuring that all guidance that requires or provides an option for an entity to provide information in the notes to the financial statements is codified, reducing the likelihood that disclosure requirements would be missed. The Company adopted ASU 2020-10 effective January 1, 2021 and it did not have a material impact on our consolidated financial statements. Impact of Other Recently Issued Accounting Pronouncements on Future Filings In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848)." This ASU provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference LIBOR or other reference rates expected to be discontinued because of reference rate reform. Entities can (1) elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can also (2) elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 Available-for-sale: Debt securities: States and political subdivisions $ 165,180 $ 3,355 $ (2,190) $ 166,345 $ — Corporate securities 47,175 189 (1,197) 46,167 — U.S. Treasury obligations and direct obligations of U.S Government agencies 41,565 90 (478) 41,177 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 814,051 13,300 (12,085) 815,266 — Commercial - U.S. Government agencies and sponsored entities 85,778 1,710 (1,609) 85,879 — Residential - Non-government agencies 18,318 594 (112) 18,800 — Commercial - Non-government agencies 41,315 1,392 — 42,707 — Total available-for-sale securities $ 1,213,382 $ 20,630 $ (17,671) $ 1,216,341 $ — (dollars in thousands) Amortized Gross Gross Fair ACL December 31, 2020 Available-for-sale: Debt securities: States and political subdivisions $ 163,573 $ 5,370 $ (177) $ 168,766 $ — Corporate securities 47,351 788 (131) 48,008 — U.S. Treasury obligations and direct obligations of U.S Government agencies 33,413 18 (286) 33,145 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 762,309 16,816 (299) 778,826 — Commercial - U.S. Government agencies and sponsored entities 85,405 2,564 (500) 87,469 — Residential - Non-government agencies 22,671 786 (34) 23,423 — Commercial - Non-government agencies 41,309 1,663 — 42,972 — Total available-for-sale securities $ 1,156,031 $ 28,005 $ (1,427) $ 1,182,609 $ — The amortized cost and fair value of our equity investment securities is as follows: (dollars in thousands) Amortized Cost Fair Value March 31, 2021 Equity securities $ 1,096 $ 1,435 December 31, 2020 Equity securities 1,068 1,351 The amortized cost and estimated fair value of our AFS debt securities at March 31, 2021 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. March 31, 2021 (dollars in thousands) Amortized Cost Fair Value Available-for-sale: Due in one year or less $ 21,146 $ 21,381 Due after one year through five years 28,707 29,691 Due after five years through ten years 93,484 93,093 Due after ten years 110,583 109,524 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 814,051 815,266 Commercial - U.S. Government agencies and sponsored entities 85,778 85,879 Residential - Non-government agencies 18,318 18,800 Commercial - Non-government agencies 41,315 42,707 Total available-for-sale securities $ 1,213,382 $ 1,216,341 We did not sell any available-for-sale securities during the three months ended March 31, 2021 and March 31, 2020 Investment securities with fair value of $494.1 million and $483.6 million at March 31, 2021 and December 31, 2020, respectively, were pledged to secure public funds on deposit and other short-term borrowings. At March 31, 2021 and December 31, 2020, 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 95 and 37 AFS debt securities which were in an unrealized loss position, without an ACL, at March 31, 2021 and December 31, 2020, respectively. The following tables summarize AFS debt securities which were in an unrealized loss position at March 31, 2021 and December 31, 2020, 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 March 31, 2021 Debt securities: States and political subdivisions $ 59,427 $ (2,190) $ — $ — $ 59,427 $ (2,190) Corporate securities 30,810 (1,197) — — 30,810 (1,197) U.S. Treasury obligations and direct obligations of U.S Government agencies 14,001 (329) 16,389 (149) 30,390 (478) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 409,049 (12,085) — — 409,049 (12,085) Residential - Non-government agencies 905 (112) — — 905 (112) Commercial - U.S. Government agencies and sponsored entities 22,398 (1,609) — — 22,398 (1,609) Total temporarily impaired securities $ 536,590 $ (17,522) $ 16,389 $ (149) $ 552,979 $ (17,671) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2020 Debt securities: States and political subdivisions $ 21,313 $ (177) $ — $ — $ 21,313 $ (177) Corporate securities 4,869 (131) — — 4,869 (131) U.S. Treasury obligations and direct obligations of U.S Government agencies 5,980 (24) 20,925 (262) 26,905 (286) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 76,402 (299) — — 76,402 (299) Residential - Non-government agencies 989 (34) — — 989 (34) Commercial - U.S. Government-sponsored entities 16,977 (500) — — 16,977 (500) Total temporarily impaired securities $ 126,530 $ (1,165) $ 20,925 $ (262) $ 147,455 $ (1,427) 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 Class B Common Stock As of March 31, 2021, 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.

LOANS AND CREDIT QUALITY

LOANS AND CREDIT QUALITY	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and December 31, 2020 consisted of the following: (dollars in thousands) March 31, 2021 December 31, 2020 Commercial, financial and agricultural: Small Business Administration Paycheck Protection Program $ 618,104 $ 425,993 Other 514,303 545,136 Real estate: Construction 138,284 125,625 Residential mortgage 1,684,936 1,687,251 Home equity 558,348 550,216 Commercial mortgage 1,166,175 1,158,203 Consumer 476,591 479,580 Gross loans 5,156,741 4,972,004 Net deferred (fees) costs (18,892) (7,891) Total loans, net of deferred fees and costs 5,137,849 4,964,113 Allowance for credit losses (81,553) (83,269) Total loans, net of allowance for credit losses $ 5,056,296 $ 4,880,844 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 he SBA began accepting submissions for the initial round of PPP loans on April 3, 2020. In April 2020, the Paycheck Protection Program and Health Care Enhancement Act added an additional round of funding for the PPP. In June 2020, the Paycheck Protection Program Flexibility Act of 2020 was enacted, which among other things, gave borrowers additional time and flexibility to use PPP loan proceeds. Through the end of the second round in August 2020, the Company funded over 7,200 PPP loans totaling over $558 million and received gross processing fees of over $21 million. In December 2020, the Consolidated Appropriations Act, 2021 was passed which among other things, included a third round of funding and a new simplified forgiveness procedure for PPP loans of $150,000 or less. During the first quarter of 2021, the Company funded over 3,600 loans totaling over $292 million in the third round, earning additional gross processing fees of over $15 million. The Company developed a PPP forgiveness portal and with assistance from a third party vendor has assisted its customers with applying for forgiveness from the SBA. Since the start of the SBA forgiveness, we have received forgiveness payments totaling over $233 million. A total outstanding balance of $618.1 million and net deferred fees of $20.3 million remain as of March 31, 2021. Although the Company believes that the majority of the remaining 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 did not transfer any loans to the held-for-sale category during the three months ended March 31, 2021 and 2020. The Company did not sell any loans originally held for investment during the three months ended March 31, 2021 and 2020. The Company has previously 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) U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Three Months Ended March 31, 2021 Purchases: Outstanding balance $ 22,534 $ 12,990 $ 35,524 Purchase premium (discount) (131) 666 535 Purchase price $ 22,403 $ 13,656 $ 36,059 Three Months Ended March 31, 2020 Purchases: Outstanding balance $ 22,953 $ — $ 22,953 Purchase premium (discount) (613) — (613) Purchase price $ 22,340 $ — $ 22,340 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 March 31, 2021 and December 31, 2020: (dollars in thousands) Secured by Secured by Secured by Total Allocated March 31, 2021 Commercial, financial and agricultural $ — $ — $ 636 $ 636 $ 160 Real estate: Residential mortgage 10,141 — — 10,141 — Home equity 439 — — 439 — Commercial mortgage — 584 — 584 — Total $ 10,580 $ 584 $ 636 $ 11,800 $ 160 (dollars in thousands) Secured by Secured by Secured by Total Allocated December 31, 2020 Commercial, financial and agricultural $ — $ — $ 676 $ 676 $ 209 Real estate: Residential mortgage 9,833 — — 9,833 — Home equity 524 — — 524 — Commercial mortgage — 626 — 626 — Total $ 10,357 $ 626 $ 676 $ 11,659 $ 209 Foreclosure Proceedings The Company had $1.6 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at both March 31, 2021 and December 31, 2020. The Company did not foreclose on any loans during the three months ended March 31, 2021 and 2020. The Company did not sell any foreclosed properties during the three months ended March 31, 2021 and 2020. 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 March 31, 2021 and December 31, 2020. 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 March 31, 2021 and December 31, 2020. (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual March 31, 2021 Commercial, financial and agricultural: SBA PPP $ — $ — $ — $ — $ — $ 597,819 $ 597,819 $ — Other 279 54 — 1,412 1,745 512,444 514,189 — Real estate: Construction — — — — — 137,976 137,976 — Residential mortgage 2,122 272 4,522 4,553 11,469 1,676,044 1,687,513 4,553 Home equity — 135 — 439 574 558,940 559,514 439 Commercial mortgage — — — — — 1,164,338 1,164,338 — Consumer 1,550 670 262 790 3,272 473,228 476,500 — Total $ 3,951 $ 1,131 $ 4,784 $ 7,194 $ 17,060 $ 5,120,789 $ 5,137,849 $ 4,992 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual December 31, 2020 Commercial, financial and agricultural: SBA PPP $ — $ — $ — $ — $ — $ 416,375 $ 416,375 $ — Other 613 350 — 1,461 2,424 542,667 545,091 — Real estate: Construction — — — — — 125,407 125,407 — Residential mortgage 2,832 689 567 4,115 8,203 1,682,009 1,690,212 4,115 Home equity 273 3 — 524 800 550,466 551,266 524 Commercial mortgage — — — — — 1,156,328 1,156,328 — Consumer 2,725 906 240 92 3,963 475,471 479,434 — Total $ 6,443 $ 1,948 $ 807 $ 6,192 $ 15,390 $ 4,948,723 $ 4,964,113 $ 4,639 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 March 31, 2021 consisted of two Hawaii residential mortgage loans with a principal balance of $0.2 million and one Hawaii commercial, financial and agricultural loan with a principal balance of $0.6 million. There were $7.5 million of TDRs still accruing interest at March 31, 2021, of which one loan totaling $0.1 million was more than 90 days delinquent. At December 31, 2020, there were $7.8 million of TDRs still accruing interest, of which one loan totaling $0.7 million was 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 months ended March 31, 2021 and 2020. 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 did not identify any loans in the first quarter of 2021 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)". The Company had active loan deferrals with outstanding balances of approximately $39.5 million and $119.3 million resulting from the COVID-19 pandemic that were not classified as a TDR at March 31, 2021 and December 31, 2020. The following table sets forth loans on active payment forbearance or deferral as of March 31, 2021 : Loans on Active Forbearance or Deferral (dollars in thousands) Loan Balance Accrued Total % of Asset Class Total % of Asset Class, Commercial, financial and agricultural — $ — $ — $ 1,112,008 — % $ 514,189 — % Real estate: Construction — — — 137,976 — % 137,976 — % Residential mortgage 88 38,571 984 1,687,513 2.3 % 1,687,513 2.3 % Home equity — — — 559,514 — % 559,514 — % Commercial mortgage — — — 1,164,338 — % 1,164,338 — % Consumer 83 928 — 476,500 0.2 % 476,500 0.2 % Total loans 171 $ 39,499 $ 984 $ 5,137,849 0.8 % $ 4,540,030 0.9 % The following table presents by class, information related to loans modified in a TDR during the three months ended March 31, 2021: (dollars in thousands) Number of Recorded Increase in the Three Months Ended March 31, 2021 Commercial, financial and agricultural - Other 1 $ 560 $ — Total 1 $ 560 $ — No loans were modified in a TDR during the three months ended March 31, 2020. No loans were modified as a TDR within the previous twelve months that subsequently defaulted during the three months ended March 31, 2021 and 2020. 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 March 31, 2021 and 2020. Revolving loans converted to term as of and during the three months ended March 31, 2021 and 2020 were not material to the total loan portfolio. Amortized Cost of Term Loans by Origination Year (dollars in thousands) 2021 2020 2019 2018 2017 Prior Amortized Cost of Revolving Loans Total March 31, 2021 Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ 278,212 $ 319,607 $ — $ — $ — $ — $ — $ 597,819 Subtotal 278,212 319,607 — — — — — 597,819 Commercial, financial and agricultural - Other: Risk Rating Pass 26,676 75,241 53,756 61,131 39,649 124,952 74,084 455,489 Special Mention 978 6,823 12,354 2,904 20,107 8,409 1,001 52,576 Substandard — 262 820 1,061 951 3,030 — 6,124 Subtotal 27,654 82,326 66,930 65,096 60,707 136,391 75,085 514,189 Construction: Risk Rating Pass 4,854 29,053 34,004 33,818 8,143 20,865 4,070 134,807 Special Mention — — — 3,169 — — — 3,169 Subtotal 4,854 29,053 34,004 36,987 8,143 20,865 4,070 137,976 Residential mortgage: Risk Rating Pass 148,010 534,754 235,514 113,088 120,950 525,067 — 1,677,383 Special Mention — 991 — — — — — 991 Substandard — 1,218 393 805 2,079 4,644 — 9,139 Subtotal 148,010 536,963 235,907 113,893 123,029 529,711 — 1,687,513 Home equity: Risk Rating Pass 5,288 16,899 13,330 13,820 716 5,693 502,628 558,374 Special Mention — — — — — — 701 701 Substandard — — — — — 439 — 439 Subtotal 5,288 16,899 13,330 13,820 716 6,132 503,329 559,514 Commercial mortgage: Risk Rating Pass 17,839 134,944 144,012 124,952 163,055 455,960 16,029 1,056,791 Special Mention — — 2,018 30,564 4,742 33,038 — 70,362 Substandard — — 1,788 18,964 1,873 14,560 — 37,185 Subtotal 17,839 134,944 147,818 174,480 169,670 503,558 16,029 1,164,338 Consumer: Risk Rating Pass 36,826 100,204 126,940 70,102 38,443 33,193 69,739 475,447 Substandard — 166 441 267 87 65 — 1,026 Loss — — — — 16 11 — 27 Subtotal 36,826 100,370 127,381 70,369 38,546 33,269 69,739 476,500 Total $ 518,683 $ 1,220,162 $ 625,370 $ 474,645 $ 400,811 $ 1,229,926 $ 668,252 $ 5,137,849 Amortized Cost of Term Loans by Origination Year (dollars in thousands) 2020 2019 2018 2017 2016 Prior Amortized Cost of Revolving Loans Total December 31, 2020 Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ 416,375 $ — $ — $ — $ — $ — $ — $ 416,375 Subtotal 416,375 — — — — — — 416,375 Commercial, financial and agricultural - Other: Risk Rating Pass $ 86,456 $ 55,660 $ 61,314 $ 47,672 $ 39,337 $ 98,136 $ 82,465 $ 471,040 Special Mention 9,690 16,120 6,293 26,109 1,556 6,989 420 67,177 Substandard 200 839 1,043 1,045 2,570 1,177 — 6,874 Subtotal 96,346 72,619 68,650 74,826 43,463 106,302 82,885 545,091 Construction: Risk Rating Pass 22,491 29,518 36,790 9,365 2,163 19,138 3,099 122,564 Special Mention — — 2,843 — — — — 2,843 Subtotal 22,491 29,518 39,633 9,365 2,163 19,138 3,099 125,407 Residential mortgage: Risk Rating Pass 556,479 276,645 127,490 136,307 180,782 406,020 — 1,683,723 Special Mention 997 — — 597 142 — — 1,736 Substandard — — 537 785 1,381 2,050 — 4,753 Subtotal 557,476 276,645 128,027 137,689 182,305 408,070 — 1,690,212 Home equity: Risk Rating Pass 17,582 15,851 15,567 679 1,023 4,592 494,741 550,035 Special Mention — — — — — — 707 707 Substandard — — — — 200 324 — 524 Subtotal 17,582 15,851 15,567 679 1,223 4,916 495,448 551,266 Commercial mortgage: Risk Rating Pass 130,448 144,244 123,519 166,618 104,381 363,837 16,200 1,049,247 Special Mention — 2,021 31,647 2,919 13,546 19,653 — 69,786 Substandard — 1,791 19,000 1,934 — 14,570 — 37,295 Subtotal 130,448 148,056 174,166 171,471 117,927 398,060 16,200 1,156,328 Consumer: Risk Rating Pass 112,955 147,940 78,486 44,571 17,445 4,032 73,423 478,852 Special Mention — — — — — — 250 250 Substandard — 138 102 22 — 22 — 284 Loss — 16 — 26 2 4 — 48 Subtotal 112,955 148,094 78,588 44,619 17,447 4,058 73,673 479,434 Total $ 1,353,673 $ 690,783 $ 504,631 $ 438,649 $ 364,528 $ 940,544 $ 671,305 $ 4,964,113 The following tables present the Company's loans by class and credit quality indicator as of March 31, 2021 and December 31, 2020: (dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Total March 31, 2021 Commercial, financial and agricultural: SBA PPP $ 618,104 $ — $ — $ — $ 618,104 $ (20,285) $ 597,819 Commercial, financial and agricultural: Other 455,603 52,576 6,124 — 514,303 (114) 514,189 Real estate: Construction 135,115 3,169 — — 138,284 (308) 137,976 Residential mortgage 1,674,806 991 9,139 — 1,684,936 2,577 1,687,513 Home equity 557,208 701 439 — 558,348 1,166 559,514 Commercial mortgage 1,058,628 70,362 37,185 — 1,166,175 (1,837) 1,164,338 Consumer 475,538 — 1,026 27 476,591 (91) 476,500 Total $ 4,975,002 $ 127,799 $ 53,913 $ 27 $ 5,156,741 $ (18,892) $ 5,137,849 (dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Total December 31, 2020 Commercial, financial and agricultural: SBA PPP $ 425,993 $ — $ — $ — $ 425,993 $ (9,618) $ 416,375 Commercial, financial and agricultural: Other 471,085 67,177 6,874 — 545,136 (45) 545,091 Real estate: Construction 122,782 2,843 — — 125,625 (218) 125,407 Residential mortgage 1,680,762 1,736 4,753 — 1,687,251 2,961 1,690,212 Home equity 548,985 707 524 — 550,216 1,050 551,266 Commercial mortgage 1,051,122 69,786 37,295 — 1,158,203 (1,875) 1,156,328 Consumer 478,998 250 284 48 479,580 (146) 479,434 Total $ 4,779,727 $ 142,499 $ 49,730 $ 48 $ 4,972,004 $ (7,891) $ 4,964,113

ALLOWANCE FOR CREDIT LOSSES AND

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021 and March 31, 2020: Commercial, Financial and Agricultural Real Estate (dollars in thousands) SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Three Months Ended March 31, 2021 Beginning balance 304 18,717 4,277 16,484 5,449 22,163 15,875 83,269 Provision for credit losses on loans 185 (2,733) 770 (1,233) (207) 563 1,681 (974) 489 15,984 5,047 15,251 5,242 22,726 17,556 82,295 Charge-offs — 609 — — — — 1,098 1,707 Recoveries — 89 — 106 9 8 753 965 Net charge-offs (recoveries) — 520 — (106) (9) (8) 345 742 Ending balance $ 489 $ 15,464 $ 5,047 $ 15,357 $ 5,251 $ 22,734 $ 17,211 $ 81,553 Three Months Ended March 31, 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 Beginning balance — 7,509 2,271 13,935 2,592 13,737 11,493 51,537 Provision for credit losses on loans — 1,231 655 (935) (314) 5,779 2,913 9,329 — 8,740 2,926 13,000 2,278 19,516 14,406 60,866 Charge-offs — 437 — — — — 2,217 2,654 Recoveries — 342 131 181 31 2 746 1,433 Net charge-offs (recoveries) — 95 (131) (181) (31) (2) 1,471 1,221 Ending balance $ — $ 8,645 $ 3,057 $ 13,181 $ 2,309 $ 19,518 $ 12,935 $ 59,645 The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, during the three months ended March 31, 2021 and March 31, 2020. (dollars in thousands) Three Months Ended March 31, 2021 Beginning balance $ 4,884 Provision for off-balance sheet credit exposures 153 Ending balance $ 5,037 Three Months Ended March 31, 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 1,798 Ending balance $ 3,810 In accordance with GAAP, other real estate assets are not included in our assessment of the ACL. In the three months ended March 31, 2021, our provision for credit losses was a credit of $0.8 million, which consisted of a credit to the provision for credit losses on loans of $1.0 million and a $0.2 million provision for credit losses on off-balance sheet credit exposures. In the three months ended March 31, 2020, our provision for credit loss was $11.1 million, which consisted of a provision for credit losses on loans of $9.3 million and a $1.8 million provision for credit losses on off-balance sheet credit exposures.

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	3 Months Ended
	Mar. 31, 2021
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) March 31, 2021 December 31, 2020 Investments in low income housing tax credit partnerships $ 27,683 $ 28,090 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 203 277 Other 2,054 54 Total $ 31,487 $ 29,968 The Company invests in low-income housing tax credit ("LIHTC") and other partnerships. As of March 31, 2021 and December 31, 2020, the Company had $14.4 million and $17.2 million, respectively, in unfunded commitments related to the LIHTC partnerships and $2.0 million and none, respectively, related to other partnerships. The expected payments for the unfunded commitments as of March 31, 2021 for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, LIHTC partnerships Other partnerships Total 2021 (remainder) $ 8,383 $ 2,000 $ 10,383 2022 5,980 — 5,980 2023 10 — 10 2024 26 — 26 2025 6 — 6 2026 6 — 6 Thereafter 37 — 37 Total unfunded commitments $ 14,448 $ 2,000 $ 16,448 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three months ended March 31, 2021 and March 31, 2020: (dollars in thousands) Three Months Ended Three Months Ended Proportional amortization method: Amortization expense recognized in income tax expense $ 407 $ 348 Tax credits recognized in income tax expense 474 400

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS	3 Months Ended
	Mar. 31, 2021
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, 2020 $ 14,718 Additions 174 Amortization (1,547) Balance, March 31, 2020 $ 13,345 Balance, January 1, 2021 $ 11,865 Additions 461 Amortization (1,232) Balance, March 31, 2021 $ 11,094 Income generated as the result of new mortgage servicing rights is reported as gains on sales of loans and totaled $0.5 million for the three months ended March 31, 2021 compared to $0.2 million for the three months ended March 31, 2020. Amortization of mortgage servicing rights totaled $1.2 million for the three months ended March 31, 2021 compared to $1.5 million for the three months ended March 31, 2020. The following tables present the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Three Months Ended Three Months Ended (dollars in thousands) March 31, 2021 March 31, 2020 Fair market value, beginning of period $ 12,003 $ 15,820 Fair market value, end of period 11,673 13,525 Weighted average discount rate 9.6 % 9.5 % Weighted average prepayment speed assumption 17.5 % 16.1 % The gross carrying value and accumulated amortization related to our mortgage servicing rights are presented below: March 31, 2021 December 31, 2020 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 71,370 $ (60,276) $ 11,094 $ 70,909 $ (59,044) $ 11,865 Based on the mortgage servicing rights held as of March 31, 2021, estimated amortization expense for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2021 (remainder) $ 3,642 2022 3,584 2023 2,918 2024 950 2025 — 2026 — Thereafter — Total $ 11,094

DERIVATIVES

DERIVATIVES	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and December 31, 2020, 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 March 31, 2021, we were a party to interest rate lock and forward sale commitments on $1.9 million and $7.1 million of mortgage loans, respectively. Risk Participation Agreements In the first and fourth quarters of 2020, the Company entered into credit risk participation agreements ("RPA") with financial institution counterparties for interest rate swaps related to loans in which we participate. The risk participation agreements entered into by us and a participant bank provide credit protection to the financial institution counterparties should the borrowers fail to perform on their interest rate derivative contracts with the financial institutions. 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 March 31, December 31, March 31, December 31, Interest rate lock and forward sale commitments and risk participation agreements Other assets / other liabilities $ 84 $ 18 $ 18 $ 163 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 March 31, 2021 Interest rate lock and forward sale commitments Mortgage banking income $ 180 Loans held for sale Other income (1) Risk participation agreements Other service charges and fees 31 Three Months Ended March 31, 2020 Interest rate lock and forward sale commitments Mortgage banking income 99 Risk participation agreements Other service charges and fees 1,288

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2021
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 $1.80 billion line of credit as of March 31, 2021, compared to $1.81 billion at December 31, 2020. At March 31, 2021, $1.56 billion was undrawn under this arrangement, compared to $1.52 billion at December 31, 2020. There were no short-term borrowings under this arrangement at March 31, 2021, compared to $22.0 million at December 31, 2020. Letters of credit under this arrangement that are used to collateralize certain government deposits totaled $237.1 million at March 31, 2021, compared to $268.0 million at December 31, 2020. There were no long-term borrowings under this arrangement at March 31, 2021 and December 31, 2020. FHLB advances and standby letters of credit available at March 31, 2021 were secured by certain real estate loans with a carrying value of $2.72 billion in accordance with the collateral provisions of the Advances, Security and Deposit Agreement with the FHLB. At March 31, 2021 and December 31, 2020, our bank had additional unused borrowings available at the Federal Reserve discount window of $65.9 million and $64.5 million, respectively. As of March 31, 2021 and December 31, 2020, certain commercial and commercial real estate loans with a carrying value totaling $133.5 million and $136.9 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 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 March 31, 2021, 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 March 31, 2021 and December 31, 2020, 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) March 31, 2021 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, 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 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. Subordinated Notes As of March 31, 2021, the Company had the following subordinated notes outstanding: (Dollars in thousands) March 31, 2021 Name Amount of Subordinated Notes Interest Rate October 2020 Private Placement $ 55,000 4.75% for the first five years. Resets quarterly thereafter to the then current three-month SOFR. On October 20, 2020, the Company completed a $55.0 million private placement of ten-year fixed-to-floating rate subordinated notes, which will be used to support regulatory capital ratios and for general corporate purposes. The Company exchanged the privately placed notes for registered notes with the same terms and in the same aggregate principal amount at the end of the fourth quarter of 2020. The Notes bear a fixed interest rate of 4.75% for the first five years and will reset quarterly thereafter for the remaining five years to the then current three-month Secured Overnight Financing Rate ("SOFR"), as published by the Federal Reserve Bank of New York, plus 456 basis points. The subordinated notes may be included in Tier 2 capital, with certain limitations applicable, under current regulatory guidelines and interpretations. The subordinated notes had a carrying value of $53.9 million, net of unamortized debt issuance costs of $1.1 million, at March 31, 2021.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021 and 2020: Three Months Ended (dollars in thousands) 2021 2020 Other operating income: In-scope of ASC 606 Mortgage banking income $ 838 $ 229 Service charges on deposit accounts 1,478 2,050 Other service charges and fees 3,178 2,996 Income on fiduciary activities 1,231 1,297 In-scope other operating income 6,725 6,572 Out-of-scope other operating income 3,986 2,314 Total other operating income $ 10,711 $ 8,886

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2021
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 three months ended March 31, 2021: Shares Weighted Average Grant Date Fair Value Non-vested restricted stock units, beginning of period 532,374 $ 22.49 Changes during the period: Granted 210,566 21.67 Vested (53,112) 28.97 Forfeited (4,757) 16.43 Non-vested restricted stock units, end of period 685,071 21.78

LEASES

LEASES	3 Months Ended
	Mar. 31, 2021
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 (dollars in thousands) 2021 2020 Lease cost: Operating lease cost $ 1,571 $ 1,653 Variable lease cost 720 678 Less: sublease income — (12) Total lease cost $ 2,291 $ 2,319 Other information: Operating cash flows from operating leases $ (1,599) $ (1,594) Weighted-average remaining lease term - operating leases 11.78 years 13.36 years Weighted-average discount rate - operating leases 3.89 % 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 2021, 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 2021 (remainder) $ 4,809 $ 1,285 $ 3,524 2022 5,954 1,560 4,394 2023 5,396 1,405 3,991 2024 5,091 1,262 3,829 2025 4,795 1,117 3,678 2026 4,551 978 3,573 Thereafter 27,536 4,492 23,044 Total $ 58,132 $ 12,099 $ 46,033 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 (dollars in thousands) 2021 2020 Total rental income recognized $ 520 $ 533 Based on the Company's leases as lessor as of March 31, 2021, estimated lease payments for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2021 (remainder) $ 2,046 2022 1,575 2023 582 2024 222 2025 119 2026 72 Thereafter 106 Total $ 4,722
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 (dollars in thousands) 2021 2020 Lease cost: Operating lease cost $ 1,571 $ 1,653 Variable lease cost 720 678 Less: sublease income — (12) Total lease cost $ 2,291 $ 2,319 Other information: Operating cash flows from operating leases $ (1,599) $ (1,594) Weighted-average remaining lease term - operating leases 11.78 years 13.36 years Weighted-average discount rate - operating leases 3.89 % 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 2021, 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 2021 (remainder) $ 4,809 $ 1,285 $ 3,524 2022 5,954 1,560 4,394 2023 5,396 1,405 3,991 2024 5,091 1,262 3,829 2025 4,795 1,117 3,678 2026 4,551 978 3,573 Thereafter 27,536 4,492 23,044 Total $ 58,132 $ 12,099 $ 46,033 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 (dollars in thousands) 2021 2020 Total rental income recognized $ 520 $ 533 Based on the Company's leases as lessor as of March 31, 2021, estimated lease payments for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2021 (remainder) $ 2,046 2022 1,575 2023 582 2024 222 2025 119 2026 72 Thereafter 106 Total $ 4,722

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021 and 2020, by component: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended March 31, 2021 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (23,619) $ (6,318) $ (17,301) Less: Reclassification adjustments from AOCI realized in net income — — — Net unrealized losses on investment securities (23,619) (6,318) (17,301) Defined benefit plans: Amortization of net actuarial loss 246 66 180 Amortization of net transition obligation 5 1 4 Defined benefit plans, net 251 67 184 Other comprehensive loss $ (23,368) $ (6,251) $ (17,117) (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended March 31, 2020 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 13,858 $ 3,711 $ 10,147 Less: Reclassification adjustments from AOCI realized in net income — — — Net unrealized gains on investment securities 13,858 3,711 10,147 Defined benefit plans: Net actuarial gains arising during the period 427 114 313 Amortization of net actuarial loss 268 72 196 Amortization of net transition obligation 5 1 4 Amortization of prior service cost 4 1 3 Defined benefit plans, net 704 188 516 Other comprehensive income $ 14,562 $ 3,899 $ 10,663 The following tables present the changes in each component of AOCI, net of tax, for the three months ended March 31, 2021 and 2020: (dollars in thousands) Investment Defined AOCI Three Months Ended March 31, 2021 Balance at beginning of period $ 26,651 $ (6,523) $ 20,128 Other comprehensive income (loss) before reclassifications (17,301) — (17,301) Reclassification adjustments from AOCI — 184 184 Total other comprehensive income (loss) (17,301) 184 (17,117) Balance at end of period $ 9,350 $ (6,339) $ 3,011 (dollars in thousands) Investment Defined AOCI Three Months Ended March 31, 2020 Balance at beginning of period $ 14,825 $ (6,416) $ 8,409 Other comprehensive income before reclassifications 10,147 313 10,460 Reclassification adjustments from AOCI — 203 203 Total other comprehensive income 10,147 516 10,663 Balance at end of period $ 24,972 $ (5,900) $ 19,072 The following table presents the amounts reclassified out of each component of AOCI for the three months ended March 31, 2021 and 2020: Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Three months ended March 31, (dollars in thousands) 2021 2020 Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial loss $ (246) $ (268) Other operating expense - other Amortization of net transition obligation (5) (5) Other operating expense - other Amortization of prior service cost — (4) Other operating expense - other Total before tax (251) (277) Tax effect 67 74 Income tax benefit (expense) Net of tax $ (184) $ (203) Total reclassification adjustments from AOCI for the period, net of tax $ (184) $ (203)

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2021
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 (dollars in thousands, except per share data) 2021 2020 Net income $ 18,038 $ 8,326 Weighted average common shares outstanding - basic 28,108,648 28,126,400 Dilutive effect of employee stock options and awards 204,366 151,353 Weighted average common shares outstanding - diluted 28,313,014 28,277,753 Basic earnings per common share $ 0.64 $ 0.30 Diluted earnings per common share $ 0.64 $ 0.29

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, the weighted average discount rate used in the valuation of loans was 5.06%. 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 March 31, 2021, the weighted average discount rate used in the valuation of time deposits was 0.29%. 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 March 31, 2021, the weighted average discount rate used in the valuation of long-term debt was 5.95%. 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 March 31, 2021 Financial assets: Cash and due from banks $ 93,358 $ 93,358 $ 93,358 $ — $ — Interest-bearing deposits in other banks 166,533 166,533 166,533 — — Investment securities 1,217,776 1,217,776 1,435 1,206,745 9,596 Loans held for sale 5,234 5,234 — 5,234 — Net loans 5,056,296 4,931,010 — — 4,931,010 Accrued interest receivable 19,440 19,440 19,440 — — Financial liabilities: Deposits: Noninterest-bearing demand 2,070,428 2,070,428 2,070,428 — — Interest-bearing demand and savings and money market 3,241,942 3,241,942 3,241,942 — — Time 896,580 896,753 — — 896,753 Long-term debt 105,436 90,479 — — 90,479 Accrued interest payable (included in other liabilities) 2,023 2,023 2,023 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant March 31, 2021 Derivatives: Interest rate lock commitments $ 1,881 $ 84 $ 84 $ — $ 84 $ — Forward sale commitments 7,136 (1) (1) — (1) — Risk participation agreement 37,704 (17) (17) — — (17) Off-balance sheet financial instruments: Commitments to extend credit 1,292,373 — 1,570 — 1,570 — Standby letters of credit and financial guarantees written 11,306 — 170 — 170 — Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Financial assets: Cash and due from banks $ 97,546 $ 97,546 $ 97,546 $ — $ — Interest-bearing deposits in other banks 6,521 6,521 6,521 — — Investment securities 1,183,960 1,183,960 1,351 1,170,283 12,326 Loans held for sale 16,687 16,687 — 16,687 — Net loans 4,880,844 4,795,776 — — 4,795,776 Accrued interest receivable 20,224 20,224 20,224 — — Financial liabilities: Deposits: Noninterest-bearing demand 1,790,269 1,790,269 1,790,269 — — Interest-bearing demand and savings and money market 3,106,931 3,106,931 3,106,931 — — Time 898,918 899,562 — — 899,562 Short-term borrowings 22,000 22,000 — 22,000 — Long-term debt 105,385 92,488 — — 92,488 Accrued interest payable (included in other liabilities) 1,727 1,727 1,727 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Derivatives: Interest rate lock commitments $ 714 $ 18 $ 18 $ — $ 18 $ — Forward sale commitments 16,603 (115) (115) — (115) — Risk participation agreements 37,762 (48) (48) — — (48) Off-balance sheet financial instruments: Commitments to extend credit 1,176,065 — 1,313 — 1,313 — Standby letters of credit and financial guarantees written 10,544 — 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 were no transfers of financial assets and liabilities into or out of Level 3 of the fair value hierarchy during the three months ended March 31, 2021. The following tables present the fair value of assets and liabilities measured on a recurring basis as of March 31, 2021 and December 31, 2020: Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant March 31, 2021 Available-for-sale securities: Debt securities: States and political subdivisions $ 166,345 $ — $ 157,654 $ 8,691 Corporate securities 46,167 — 46,167 — U.S. Treasury obligations and direct obligations of U.S Government agencies 41,177 — 41,177 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 815,266 — 815,266 — Commercial - U.S. Government agencies and sponsored entities 85,879 — 85,879 — Residential - Non-government agencies 18,800 — 17,895 905 Commercial - Non-government agencies 42,707 — 42,707 — Total available-for-sale securities 1,216,341 — 1,206,745 9,596 Equity securities 1,435 1,435 — — Derivatives: Interest rate lock and forward sale commitments 66 — 83 (17) Total $ 1,217,842 $ 1,435 $ 1,206,828 $ 9,579 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant December 31, 2020 Available-for-sale securities: Debt securities: States and political subdivisions $ 168,766 $ — $ 157,429 $ 11,337 Corporate securities 48,008 — 48,008 — U.S. Treasury obligations and direct obligations of U.S Government agencies 33,145 — 33,145 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 778,826 — 778,826 — Commercial - U.S. Government agencies and sponsored entities 87,469 — 87,469 — Residential - Non-government agencies 23,423 — 22,434 989 Commercial - Non-government agencies 42,972 — 42,972 — Total available-for-sale securities 1,182,609 — 1,170,283 12,326 Equity securities 1,351 1,351 — — Derivatives: Interest rate lock and forward sale commitments (145) — (97) (48) Total $ 1,183,815 $ 1,351 $ 1,170,186 $ 12,278 For the three months ended March 31, 2021 and 2020, 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, 2020 $ 11,337 $ 989 $ 12,326 Principal payments received (1,973) (5) (1,978) Unrealized net loss included in other comprehensive income (673) (79) (752) Balance at March 31, 2021 $ 8,691 $ 905 $ 9,596 Balance at December 31, 2019 $ 11,255 $ — $ 11,255 Principal payments received (109) — (109) Unrealized net gain included in other comprehensive income 426 — 426 Balance at March 31, 2020 $ 11,572 $ — $ 11,572 Within the states and political subdivisions available-for-sale debt securities category, the Company holds three mortgage revenue bonds issued by the City & County of Honolulu with an aggregate fair value of $8.7 million and $11.6 million at March 31, 2021 and March 31, 2020, respectively. Within the other MBS non-agency category, the Company holds two mortgage backed bonds issued by Habitat for Humanity with a fair value of $0.9 million at March 31, 2021. The Company estimates the aggregate fair value of $9.6 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 March 31, 2021, the weighted average discount rate utilized was 3.38% compared to 3.25% at March 31, 2020 and 2.83% at December 31, 2020, 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 March 31, 2021 and December 31, 2020: Fair Value Measurements Using (dollars in thousands) Fair Value Quoted Prices Significant Significant March 31, 2021 Other real estate (1) $ — $ — $ — $ — December 31, 2020 Other real estate (1) $ — $ — $ — $ — (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	3 Months Ended
	Mar. 31, 2021
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.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2021
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, 2020. 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. Reclassifications Certain amounts reported in prior years in the financial statements have been reclassified to conform to the current year’s presentation. These reclassifications did not impact net income, the consolidated balance sheets and the consolidated statements of cash flows.
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, $27.7 million and $3.6 million, respectively, at March 31, 2021 and $0.3 million, $28.1 million and $1.6 million, respectively, at December 31, 2020. 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]	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 March 31, 2021 and the Company did not reverse any accrued interest against interest income during the three months ended March 31, 2021. 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 March 31, 2021, 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 $3.9 million as of March 31, 2021. 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 March 31, 2021. 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 typically 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 $15.6 million at March 31, 2021 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. The reserve has remained unchanged through March 31, 2021. 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 Coronavirus Aid, Relief and Economic Security ("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. In December 2020, the Consolidated Appropriations Act, 2021 was signed into law. Section 541 of this legislation, “Extension of Temporary Relief From Troubled Debt Restructurings and Insurer Clarification,” extends Section 4013 of the CARES Act to the earlier of January 1, 2022 or 60 days after the termination of the national emergency declared relating to COVID-19. 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, the success of the continued COVID-19 vaccine rollout, and other 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 a one year reversion period. 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 Baseline forecast service for its economic forecast assumption. The Moody’s Analytics Baseline forecast includes both National and Hawaii specific economic indicators. The Moody’s Analytics forecast service is widely used in the industry and is reasonable and supportable. It is updated at least monthly and includes a variety of upside and downside economic scenarios from the Baseline. Generally the Company will use the most recent Baseline 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 (term) loans, including auto 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 recorded as a provision for credit losses on off-balance sheet credit exposures in the provision for credit losses. 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)	3 Months Ended
	Mar. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Accounting Standards Adopted in 2021 In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740)." This ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. It also improves consistent application of GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The Company adopted ASU 2019-12 effective January 1, 2021 and it did not have a material impact on our consolidated financial statements. In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." This ASU issues improvements to the codification by ensuring that all guidance that requires or provides an option for an entity to provide information in the notes to the financial statements is codified, reducing the likelihood that disclosure requirements would be missed. The Company adopted ASU 2020-10 effective January 1, 2021 and it did not have a material impact on our consolidated financial statements. Impact of Other Recently Issued Accounting Pronouncements on Future Filings In March 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848)." This ASU provides optional expedients and exceptions for contracts, hedging relationships, and other transactions that reference LIBOR or other reference rates expected to be discontinued because of reference rate reform. Entities can (1) elect not to apply certain modification accounting requirements to contracts affected by reference rate reform, if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Entities can also (2) elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 Available-for-sale: Debt securities: States and political subdivisions $ 165,180 $ 3,355 $ (2,190) $ 166,345 $ — Corporate securities 47,175 189 (1,197) 46,167 — U.S. Treasury obligations and direct obligations of U.S Government agencies 41,565 90 (478) 41,177 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 814,051 13,300 (12,085) 815,266 — Commercial - U.S. Government agencies and sponsored entities 85,778 1,710 (1,609) 85,879 — Residential - Non-government agencies 18,318 594 (112) 18,800 — Commercial - Non-government agencies 41,315 1,392 — 42,707 — Total available-for-sale securities $ 1,213,382 $ 20,630 $ (17,671) $ 1,216,341 $ — (dollars in thousands) Amortized Gross Gross Fair ACL December 31, 2020 Available-for-sale: Debt securities: States and political subdivisions $ 163,573 $ 5,370 $ (177) $ 168,766 $ — Corporate securities 47,351 788 (131) 48,008 — U.S. Treasury obligations and direct obligations of U.S Government agencies 33,413 18 (286) 33,145 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 762,309 16,816 (299) 778,826 — Commercial - U.S. Government agencies and sponsored entities 85,405 2,564 (500) 87,469 — Residential - Non-government agencies 22,671 786 (34) 23,423 — Commercial - Non-government agencies 41,309 1,663 — 42,972 — Total available-for-sale securities $ 1,156,031 $ 28,005 $ (1,427) $ 1,182,609 $ — The amortized cost and fair value of our equity investment securities is as follows: (dollars in thousands) Amortized Cost Fair Value March 31, 2021 Equity securities $ 1,096 $ 1,435 December 31, 2020 Equity securities 1,068 1,351
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 March 31, 2021 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. March 31, 2021 (dollars in thousands) Amortized Cost Fair Value Available-for-sale: Due in one year or less $ 21,146 $ 21,381 Due after one year through five years 28,707 29,691 Due after five years through ten years 93,484 93,093 Due after ten years 110,583 109,524 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 814,051 815,266 Commercial - U.S. Government agencies and sponsored entities 85,778 85,879 Residential - Non-government agencies 18,318 18,800 Commercial - Non-government agencies 41,315 42,707 Total available-for-sale securities $ 1,213,382 $ 1,216,341
Schedule of investment securities in an unrealized loss position	There were a total of 95 and 37 AFS debt securities which were in an unrealized loss position, without an ACL, at March 31, 2021 and December 31, 2020, respectively. The following tables summarize AFS debt securities which were in an unrealized loss position at March 31, 2021 and December 31, 2020, 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 March 31, 2021 Debt securities: States and political subdivisions $ 59,427 $ (2,190) $ — $ — $ 59,427 $ (2,190) Corporate securities 30,810 (1,197) — — 30,810 (1,197) U.S. Treasury obligations and direct obligations of U.S Government agencies 14,001 (329) 16,389 (149) 30,390 (478) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 409,049 (12,085) — — 409,049 (12,085) Residential - Non-government agencies 905 (112) — — 905 (112) Commercial - U.S. Government agencies and sponsored entities 22,398 (1,609) — — 22,398 (1,609) Total temporarily impaired securities $ 536,590 $ (17,522) $ 16,389 $ (149) $ 552,979 $ (17,671) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2020 Debt securities: States and political subdivisions $ 21,313 $ (177) $ — $ — $ 21,313 $ (177) Corporate securities 4,869 (131) — — 4,869 (131) U.S. Treasury obligations and direct obligations of U.S Government agencies 5,980 (24) 20,925 (262) 26,905 (286) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 76,402 (299) — — 76,402 (299) Residential - Non-government agencies 989 (34) — — 989 (34) Commercial - U.S. Government-sponsored entities 16,977 (500) — — 16,977 (500) Total temporarily impaired securities $ 126,530 $ (1,165) $ 20,925 $ (262) $ 147,455 $ (1,427)

LOANS AND CREDIT QUALITY (Table

LOANS AND CREDIT QUALITY (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and December 31, 2020 consisted of the following: (dollars in thousands) March 31, 2021 December 31, 2020 Commercial, financial and agricultural: Small Business Administration Paycheck Protection Program $ 618,104 $ 425,993 Other 514,303 545,136 Real estate: Construction 138,284 125,625 Residential mortgage 1,684,936 1,687,251 Home equity 558,348 550,216 Commercial mortgage 1,166,175 1,158,203 Consumer 476,591 479,580 Gross loans 5,156,741 4,972,004 Net deferred (fees) costs (18,892) (7,891) Total loans, net of deferred fees and costs 5,137,849 4,964,113 Allowance for credit losses (81,553) (83,269) Total loans, net of allowance for credit losses $ 5,056,296 $ 4,880,844
Financing Receivable, Purchased With Credit Deterioration	The following table presents loans purchased by class for the periods presented: (dollars in thousands) U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Three Months Ended March 31, 2021 Purchases: Outstanding balance $ 22,534 $ 12,990 $ 35,524 Purchase premium (discount) (131) 666 535 Purchase price $ 22,403 $ 13,656 $ 36,059 Three Months Ended March 31, 2020 Purchases: Outstanding balance $ 22,953 $ — $ 22,953 Purchase premium (discount) (613) — (613) Purchase price $ 22,340 $ — $ 22,340 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 March 31, 2021 and December 31, 2020: (dollars in thousands) Secured by Secured by Secured by Total Allocated March 31, 2021 Commercial, financial and agricultural $ — $ — $ 636 $ 636 $ 160 Real estate: Residential mortgage 10,141 — — 10,141 — Home equity 439 — — 439 — Commercial mortgage — 584 — 584 — Total $ 10,580 $ 584 $ 636 $ 11,800 $ 160 (dollars in thousands) Secured by Secured by Secured by Total Allocated December 31, 2020 Commercial, financial and agricultural $ — $ — $ 676 $ 676 $ 209 Real estate: Residential mortgage 9,833 — — 9,833 — Home equity 524 — — 524 — Commercial mortgage — 626 — 626 — Total $ 10,357 $ 626 $ 676 $ 11,659 $ 209
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 March 31, 2021 and December 31, 2020. 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 March 31, 2021 and December 31, 2020. (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual March 31, 2021 Commercial, financial and agricultural: SBA PPP $ — $ — $ — $ — $ — $ 597,819 $ 597,819 $ — Other 279 54 — 1,412 1,745 512,444 514,189 — Real estate: Construction — — — — — 137,976 137,976 — Residential mortgage 2,122 272 4,522 4,553 11,469 1,676,044 1,687,513 4,553 Home equity — 135 — 439 574 558,940 559,514 439 Commercial mortgage — — — — — 1,164,338 1,164,338 — Consumer 1,550 670 262 790 3,272 473,228 476,500 — Total $ 3,951 $ 1,131 $ 4,784 $ 7,194 $ 17,060 $ 5,120,789 $ 5,137,849 $ 4,992 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual December 31, 2020 Commercial, financial and agricultural: SBA PPP $ — $ — $ — $ — $ — $ 416,375 $ 416,375 $ — Other 613 350 — 1,461 2,424 542,667 545,091 — Real estate: Construction — — — — — 125,407 125,407 — Residential mortgage 2,832 689 567 4,115 8,203 1,682,009 1,690,212 4,115 Home equity 273 3 — 524 800 550,466 551,266 524 Commercial mortgage — — — — — 1,156,328 1,156,328 — Consumer 2,725 906 240 92 3,963 475,471 479,434 — Total $ 6,443 $ 1,948 $ 807 $ 6,192 $ 15,390 $ 4,948,723 $ 4,964,113 $ 4,639
Schedule Of Debt Instrument, Deferrals	The following table sets forth loans on active payment forbearance or deferral as of March 31, 2021 : Loans on Active Forbearance or Deferral (dollars in thousands) Loan Balance Accrued Total % of Asset Class Total % of Asset Class, Commercial, financial and agricultural — $ — $ — $ 1,112,008 — % $ 514,189 — % Real estate: Construction — — — 137,976 — % 137,976 — % Residential mortgage 88 38,571 984 1,687,513 2.3 % 1,687,513 2.3 % Home equity — — — 559,514 — % 559,514 — % Commercial mortgage — — — 1,164,338 — % 1,164,338 — % Consumer 83 928 — 476,500 0.2 % 476,500 0.2 % Total loans 171 $ 39,499 $ 984 $ 5,137,849 0.8 % $ 4,540,030 0.9 %
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 months ended March 31, 2021: (dollars in thousands) Number of Recorded Increase in the Three Months Ended March 31, 2021 Commercial, financial and agricultural - Other 1 $ 560 $ — Total 1 $ 560 $ —
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 March 31, 2021 and 2020. Revolving loans converted to term as of and during the three months ended March 31, 2021 and 2020 were not material to the total loan portfolio. Amortized Cost of Term Loans by Origination Year (dollars in thousands) 2021 2020 2019 2018 2017 Prior Amortized Cost of Revolving Loans Total March 31, 2021 Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ 278,212 $ 319,607 $ — $ — $ — $ — $ — $ 597,819 Subtotal 278,212 319,607 — — — — — 597,819 Commercial, financial and agricultural - Other: Risk Rating Pass 26,676 75,241 53,756 61,131 39,649 124,952 74,084 455,489 Special Mention 978 6,823 12,354 2,904 20,107 8,409 1,001 52,576 Substandard — 262 820 1,061 951 3,030 — 6,124 Subtotal 27,654 82,326 66,930 65,096 60,707 136,391 75,085 514,189 Construction: Risk Rating Pass 4,854 29,053 34,004 33,818 8,143 20,865 4,070 134,807 Special Mention — — — 3,169 — — — 3,169 Subtotal 4,854 29,053 34,004 36,987 8,143 20,865 4,070 137,976 Residential mortgage: Risk Rating Pass 148,010 534,754 235,514 113,088 120,950 525,067 — 1,677,383 Special Mention — 991 — — — — — 991 Substandard — 1,218 393 805 2,079 4,644 — 9,139 Subtotal 148,010 536,963 235,907 113,893 123,029 529,711 — 1,687,513 Home equity: Risk Rating Pass 5,288 16,899 13,330 13,820 716 5,693 502,628 558,374 Special Mention — — — — — — 701 701 Substandard — — — — — 439 — 439 Subtotal 5,288 16,899 13,330 13,820 716 6,132 503,329 559,514 Commercial mortgage: Risk Rating Pass 17,839 134,944 144,012 124,952 163,055 455,960 16,029 1,056,791 Special Mention — — 2,018 30,564 4,742 33,038 — 70,362 Substandard — — 1,788 18,964 1,873 14,560 — 37,185 Subtotal 17,839 134,944 147,818 174,480 169,670 503,558 16,029 1,164,338 Consumer: Risk Rating Pass 36,826 100,204 126,940 70,102 38,443 33,193 69,739 475,447 Substandard — 166 441 267 87 65 — 1,026 Loss — — — — 16 11 — 27 Subtotal 36,826 100,370 127,381 70,369 38,546 33,269 69,739 476,500 Total $ 518,683 $ 1,220,162 $ 625,370 $ 474,645 $ 400,811 $ 1,229,926 $ 668,252 $ 5,137,849 Amortized Cost of Term Loans by Origination Year (dollars in thousands) 2020 2019 2018 2017 2016 Prior Amortized Cost of Revolving Loans Total December 31, 2020 Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ 416,375 $ — $ — $ — $ — $ — $ — $ 416,375 Subtotal 416,375 — — — — — — 416,375 Commercial, financial and agricultural - Other: Risk Rating Pass $ 86,456 $ 55,660 $ 61,314 $ 47,672 $ 39,337 $ 98,136 $ 82,465 $ 471,040 Special Mention 9,690 16,120 6,293 26,109 1,556 6,989 420 67,177 Substandard 200 839 1,043 1,045 2,570 1,177 — 6,874 Subtotal 96,346 72,619 68,650 74,826 43,463 106,302 82,885 545,091 Construction: Risk Rating Pass 22,491 29,518 36,790 9,365 2,163 19,138 3,099 122,564 Special Mention — — 2,843 — — — — 2,843 Subtotal 22,491 29,518 39,633 9,365 2,163 19,138 3,099 125,407 Residential mortgage: Risk Rating Pass 556,479 276,645 127,490 136,307 180,782 406,020 — 1,683,723 Special Mention 997 — — 597 142 — — 1,736 Substandard — — 537 785 1,381 2,050 — 4,753 Subtotal 557,476 276,645 128,027 137,689 182,305 408,070 — 1,690,212 Home equity: Risk Rating Pass 17,582 15,851 15,567 679 1,023 4,592 494,741 550,035 Special Mention — — — — — — 707 707 Substandard — — — — 200 324 — 524 Subtotal 17,582 15,851 15,567 679 1,223 4,916 495,448 551,266 Commercial mortgage: Risk Rating Pass 130,448 144,244 123,519 166,618 104,381 363,837 16,200 1,049,247 Special Mention — 2,021 31,647 2,919 13,546 19,653 — 69,786 Substandard — 1,791 19,000 1,934 — 14,570 — 37,295 Subtotal 130,448 148,056 174,166 171,471 117,927 398,060 16,200 1,156,328 Consumer: Risk Rating Pass 112,955 147,940 78,486 44,571 17,445 4,032 73,423 478,852 Special Mention — — — — — — 250 250 Substandard — 138 102 22 — 22 — 284 Loss — 16 — 26 2 4 — 48 Subtotal 112,955 148,094 78,588 44,619 17,447 4,058 73,673 479,434 Total $ 1,353,673 $ 690,783 $ 504,631 $ 438,649 $ 364,528 $ 940,544 $ 671,305 $ 4,964,113 The following tables present the Company's loans by class and credit quality indicator as of March 31, 2021 and December 31, 2020: (dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Total March 31, 2021 Commercial, financial and agricultural: SBA PPP $ 618,104 $ — $ — $ — $ 618,104 $ (20,285) $ 597,819 Commercial, financial and agricultural: Other 455,603 52,576 6,124 — 514,303 (114) 514,189 Real estate: Construction 135,115 3,169 — — 138,284 (308) 137,976 Residential mortgage 1,674,806 991 9,139 — 1,684,936 2,577 1,687,513 Home equity 557,208 701 439 — 558,348 1,166 559,514 Commercial mortgage 1,058,628 70,362 37,185 — 1,166,175 (1,837) 1,164,338 Consumer 475,538 — 1,026 27 476,591 (91) 476,500 Total $ 4,975,002 $ 127,799 $ 53,913 $ 27 $ 5,156,741 $ (18,892) $ 5,137,849 (dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Total December 31, 2020 Commercial, financial and agricultural: SBA PPP $ 425,993 $ — $ — $ — $ 425,993 $ (9,618) $ 416,375 Commercial, financial and agricultural: Other 471,085 67,177 6,874 — 545,136 (45) 545,091 Real estate: Construction 122,782 2,843 — — 125,625 (218) 125,407 Residential mortgage 1,680,762 1,736 4,753 — 1,687,251 2,961 1,690,212 Home equity 548,985 707 524 — 550,216 1,050 551,266 Commercial mortgage 1,051,122 69,786 37,295 — 1,158,203 (1,875) 1,156,328 Consumer 478,998 250 284 48 479,580 (146) 479,434 Total $ 4,779,727 $ 142,499 $ 49,730 $ 48 $ 4,972,004 $ (7,891) $ 4,964,113

ALLOWANCE FOR CREDIT LOSSES A_2

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Tables)	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021 and March 31, 2020: Commercial, Financial and Agricultural Real Estate (dollars in thousands) SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Three Months Ended March 31, 2021 Beginning balance 304 18,717 4,277 16,484 5,449 22,163 15,875 83,269 Provision for credit losses on loans 185 (2,733) 770 (1,233) (207) 563 1,681 (974) 489 15,984 5,047 15,251 5,242 22,726 17,556 82,295 Charge-offs — 609 — — — — 1,098 1,707 Recoveries — 89 — 106 9 8 753 965 Net charge-offs (recoveries) — 520 — (106) (9) (8) 345 742 Ending balance $ 489 $ 15,464 $ 5,047 $ 15,357 $ 5,251 $ 22,734 $ 17,211 $ 81,553 Three Months Ended March 31, 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 Beginning balance — 7,509 2,271 13,935 2,592 13,737 11,493 51,537 Provision for credit losses on loans — 1,231 655 (935) (314) 5,779 2,913 9,329 — 8,740 2,926 13,000 2,278 19,516 14,406 60,866 Charge-offs — 437 — — — — 2,217 2,654 Recoveries — 342 131 181 31 2 746 1,433 Net charge-offs (recoveries) — 95 (131) (181) (31) (2) 1,471 1,221 Ending balance $ — $ 8,645 $ 3,057 $ 13,181 $ 2,309 $ 19,518 $ 12,935 $ 59,645 The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, during the three months ended March 31, 2021 and March 31, 2020. (dollars in thousands) Three Months Ended March 31, 2021 Beginning balance $ 4,884 Provision for off-balance sheet credit exposures 153 Ending balance $ 5,037 Three Months Ended March 31, 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 1,798 Ending balance $ 3,810

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	3 Months Ended
	Mar. 31, 2021
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) March 31, 2021 December 31, 2020 Investments in low income housing tax credit partnerships $ 27,683 $ 28,090 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 203 277 Other 2,054 54 Total $ 31,487 $ 29,968 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three months ended March 31, 2021 and March 31, 2020: (dollars in thousands) Three Months Ended Three Months Ended Proportional amortization method: Amortization expense recognized in income tax expense $ 407 $ 348 Tax credits recognized in income tax expense 474 400
Other Commitments	The expected payments for the unfunded commitments as of March 31, 2021 for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, LIHTC partnerships Other partnerships Total 2021 (remainder) $ 8,383 $ 2,000 $ 10,383 2022 5,980 — 5,980 2023 10 — 10 2024 26 — 26 2025 6 — 6 2026 6 — 6 Thereafter 37 — 37 Total unfunded commitments $ 14,448 $ 2,000 $ 16,448

MORTGAGE SERVICING RIGHTS (Tabl

MORTGAGE SERVICING RIGHTS (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2020 $ 14,718 Additions 174 Amortization (1,547) Balance, March 31, 2020 $ 13,345 Balance, January 1, 2021 $ 11,865 Additions 461 Amortization (1,232) Balance, March 31, 2021 $ 11,094 The gross carrying value and accumulated amortization related to our mortgage servicing rights are presented below: March 31, 2021 December 31, 2020 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 71,370 $ (60,276) $ 11,094 $ 70,909 $ (59,044) $ 11,865
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: Three Months Ended Three Months Ended (dollars in thousands) March 31, 2021 March 31, 2020 Fair market value, beginning of period $ 12,003 $ 15,820 Fair market value, end of period 11,673 13,525 Weighted average discount rate 9.6 % 9.5 % Weighted average prepayment speed assumption 17.5 % 16.1 %
Schedule of estimated amortization expense	Based on the mortgage servicing rights held as of March 31, 2021, estimated amortization expense for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2021 (remainder) $ 3,642 2022 3,584 2023 2,918 2024 950 2025 — 2026 — Thereafter — Total $ 11,094

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, December 31, March 31, December 31, Interest rate lock and forward sale commitments and risk participation agreements Other assets / other liabilities $ 84 $ 18 $ 18 $ 163
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 March 31, 2021 Interest rate lock and forward sale commitments Mortgage banking income $ 180 Loans held for sale Other income (1) Risk participation agreements Other service charges and fees 31 Three Months Ended March 31, 2020 Interest rate lock and forward sale commitments Mortgage banking income 99 Risk participation agreements Other service charges and fees 1,288

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Subordinated Borrowing	At March 31, 2021 and December 31, 2020, 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) March 31, 2021 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, 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
Schedule of Long-term Debt Instruments	As of March 31, 2021, the Company had the following subordinated notes outstanding: (Dollars in thousands) March 31, 2021 Name Amount of Subordinated Notes Interest Rate October 2020 Private Placement $ 55,000 4.75% for the first five years. Resets quarterly thereafter to the then current three-month SOFR.

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021 and 2020: Three Months Ended (dollars in thousands) 2021 2020 Other operating income: In-scope of ASC 606 Mortgage banking income $ 838 $ 229 Service charges on deposit accounts 1,478 2,050 Other service charges and fees 3,178 2,996 Income on fiduciary activities 1,231 1,297 In-scope other operating income 6,725 6,572 Out-of-scope other operating income 3,986 2,314 Total other operating income $ 10,711 $ 8,886

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2021
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 three months ended March 31, 2021: Shares Weighted Average Grant Date Fair Value Non-vested restricted stock units, beginning of period 532,374 $ 22.49 Changes during the period: Granted 210,566 21.67 Vested (53,112) 28.97 Forfeited (4,757) 16.43 Non-vested restricted stock units, end of period 685,071 21.78

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2021
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 (dollars in thousands) 2021 2020 Lease cost: Operating lease cost $ 1,571 $ 1,653 Variable lease cost 720 678 Less: sublease income — (12) Total lease cost $ 2,291 $ 2,319 Other information: Operating cash flows from operating leases $ (1,599) $ (1,594) Weighted-average remaining lease term - operating leases 11.78 years 13.36 years Weighted-average discount rate - operating leases 3.89 % 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 2021, 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 2021 (remainder) $ 4,809 $ 1,285 $ 3,524 2022 5,954 1,560 4,394 2023 5,396 1,405 3,991 2024 5,091 1,262 3,829 2025 4,795 1,117 3,678 2026 4,551 978 3,573 Thereafter 27,536 4,492 23,044 Total $ 58,132 $ 12,099 $ 46,033
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 (dollars in thousands) 2021 2020 Total rental income recognized $ 520 $ 533
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]	Based on the Company's leases as lessor as of March 31, 2021, estimated lease payments for the remainder of fiscal year 2021, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2021 (remainder) $ 2,046 2022 1,575 2023 582 2024 222 2025 119 2026 72 Thereafter 106 Total $ 4,722

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2021
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 months ended March 31, 2021 and 2020, by component: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended March 31, 2021 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (23,619) $ (6,318) $ (17,301) Less: Reclassification adjustments from AOCI realized in net income — — — Net unrealized losses on investment securities (23,619) (6,318) (17,301) Defined benefit plans: Amortization of net actuarial loss 246 66 180 Amortization of net transition obligation 5 1 4 Defined benefit plans, net 251 67 184 Other comprehensive loss $ (23,368) $ (6,251) $ (17,117) (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended March 31, 2020 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 13,858 $ 3,711 $ 10,147 Less: Reclassification adjustments from AOCI realized in net income — — — Net unrealized gains on investment securities 13,858 3,711 10,147 Defined benefit plans: Net actuarial gains arising during the period 427 114 313 Amortization of net actuarial loss 268 72 196 Amortization of net transition obligation 5 1 4 Amortization of prior service cost 4 1 3 Defined benefit plans, net 704 188 516 Other comprehensive income $ 14,562 $ 3,899 $ 10,663
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 months ended March 31, 2021 and 2020: (dollars in thousands) Investment Defined AOCI Three Months Ended March 31, 2021 Balance at beginning of period $ 26,651 $ (6,523) $ 20,128 Other comprehensive income (loss) before reclassifications (17,301) — (17,301) Reclassification adjustments from AOCI — 184 184 Total other comprehensive income (loss) (17,301) 184 (17,117) Balance at end of period $ 9,350 $ (6,339) $ 3,011 (dollars in thousands) Investment Defined AOCI Three Months Ended March 31, 2020 Balance at beginning of period $ 14,825 $ (6,416) $ 8,409 Other comprehensive income before reclassifications 10,147 313 10,460 Reclassification adjustments from AOCI — 203 203 Total other comprehensive income 10,147 516 10,663 Balance at end of period $ 24,972 $ (5,900) $ 19,072
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 months ended March 31, 2021 and 2020: Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented Details about AOCI Components Three months ended March 31, (dollars in thousands) 2021 2020 Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial loss $ (246) $ (268) Other operating expense - other Amortization of net transition obligation (5) (5) Other operating expense - other Amortization of prior service cost — (4) Other operating expense - other Total before tax (251) (277) Tax effect 67 74 Income tax benefit (expense) Net of tax $ (184) $ (203) Total reclassification adjustments from AOCI for the period, net of tax $ (184) $ (203)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2021
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 (dollars in thousands, except per share data) 2021 2020 Net income $ 18,038 $ 8,326 Weighted average common shares outstanding - basic 28,108,648 28,126,400 Dilutive effect of employee stock options and awards 204,366 151,353 Weighted average common shares outstanding - diluted 28,313,014 28,277,753 Basic earnings per common share $ 0.64 $ 0.30 Diluted earnings per common share $ 0.64 $ 0.29

FAIR VALUE OF FINANCIAL ASSET_2

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 Financial assets: Cash and due from banks $ 93,358 $ 93,358 $ 93,358 $ — $ — Interest-bearing deposits in other banks 166,533 166,533 166,533 — — Investment securities 1,217,776 1,217,776 1,435 1,206,745 9,596 Loans held for sale 5,234 5,234 — 5,234 — Net loans 5,056,296 4,931,010 — — 4,931,010 Accrued interest receivable 19,440 19,440 19,440 — — Financial liabilities: Deposits: Noninterest-bearing demand 2,070,428 2,070,428 2,070,428 — — Interest-bearing demand and savings and money market 3,241,942 3,241,942 3,241,942 — — Time 896,580 896,753 — — 896,753 Long-term debt 105,436 90,479 — — 90,479 Accrued interest payable (included in other liabilities) 2,023 2,023 2,023 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant March 31, 2021 Derivatives: Interest rate lock commitments $ 1,881 $ 84 $ 84 $ — $ 84 $ — Forward sale commitments 7,136 (1) (1) — (1) — Risk participation agreement 37,704 (17) (17) — — (17) Off-balance sheet financial instruments: Commitments to extend credit 1,292,373 — 1,570 — 1,570 — Standby letters of credit and financial guarantees written 11,306 — 170 — 170 — Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Financial assets: Cash and due from banks $ 97,546 $ 97,546 $ 97,546 $ — $ — Interest-bearing deposits in other banks 6,521 6,521 6,521 — — Investment securities 1,183,960 1,183,960 1,351 1,170,283 12,326 Loans held for sale 16,687 16,687 — 16,687 — Net loans 4,880,844 4,795,776 — — 4,795,776 Accrued interest receivable 20,224 20,224 20,224 — — Financial liabilities: Deposits: Noninterest-bearing demand 1,790,269 1,790,269 1,790,269 — — Interest-bearing demand and savings and money market 3,106,931 3,106,931 3,106,931 — — Time 898,918 899,562 — — 899,562 Short-term borrowings 22,000 22,000 — 22,000 — Long-term debt 105,385 92,488 — — 92,488 Accrued interest payable (included in other liabilities) 1,727 1,727 1,727 — —
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 March 31, 2021 and December 31, 2020: Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant March 31, 2021 Available-for-sale securities: Debt securities: States and political subdivisions $ 166,345 $ — $ 157,654 $ 8,691 Corporate securities 46,167 — 46,167 — U.S. Treasury obligations and direct obligations of U.S Government agencies 41,177 — 41,177 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 815,266 — 815,266 — Commercial - U.S. Government agencies and sponsored entities 85,879 — 85,879 — Residential - Non-government agencies 18,800 — 17,895 905 Commercial - Non-government agencies 42,707 — 42,707 — Total available-for-sale securities 1,216,341 — 1,206,745 9,596 Equity securities 1,435 1,435 — — Derivatives: Interest rate lock and forward sale commitments 66 — 83 (17) Total $ 1,217,842 $ 1,435 $ 1,206,828 $ 9,579 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant December 31, 2020 Available-for-sale securities: Debt securities: States and political subdivisions $ 168,766 $ — $ 157,429 $ 11,337 Corporate securities 48,008 — 48,008 — U.S. Treasury obligations and direct obligations of U.S Government agencies 33,145 — 33,145 — Mortgage-backed securities: Residential - U.S. Government sponsored entities 778,826 — 778,826 — Commercial - U.S. Government agencies and sponsored entities 87,469 — 87,469 — Residential - Non-government agencies 23,423 — 22,434 989 Commercial - Non-government agencies 42,972 — 42,972 — Total available-for-sale securities 1,182,609 — 1,170,283 12,326 Equity securities 1,351 1,351 — — Derivatives: Interest rate lock and forward sale commitments (145) — (97) (48) Total $ 1,183,815 $ 1,351 $ 1,170,186 $ 12,278
Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis	For the three months ended March 31, 2021 and 2020, 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, 2020 $ 11,337 $ 989 $ 12,326 Principal payments received (1,973) (5) (1,978) Unrealized net loss included in other comprehensive income (673) (79) (752) Balance at March 31, 2021 $ 8,691 $ 905 $ 9,596 Balance at December 31, 2019 $ 11,255 $ — $ 11,255 Principal payments received (109) — (109) Unrealized net gain included in other comprehensive income 426 — 426 Balance at March 31, 2020 $ 11,572 $ — $ 11,572
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 March 31, 2021 and December 31, 2020: Fair Value Measurements Using (dollars in thousands) Fair Value Quoted Prices Significant Significant March 31, 2021 Other real estate (1) $ — $ — $ — $ — December 31, 2020 Other real estate (1) $ — $ — $ — $ — (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	3 Months Ended
	Mar. 31, 2021USD ($)segment	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)	Jan. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 0.2		$ 0.3
Proportional Amortization Investments	27.7		28.1
Cost Method Investments	$ 3.6		$ 1.6
Number of operating segments | segment	1
Available for sale accrued interest receivable	$ 3.9
Financing receivable accrued interest receivable	$ 15.6
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%

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available for Sale
Amortized cost	$ 1,213,382	$ 1,156,031
Gross unrealized gains	20,630	28,005
Gross unrealized losses	(17,671)	(1,427)
Fair value	1,216,341	1,182,609
Available-for-sale, allowance for credit loss	0	0
States and political subdivisions
Available for Sale
Amortized cost	165,180	163,573
Gross unrealized gains	3,355	5,370
Gross unrealized losses	(2,190)	(177)
Fair value	166,345	168,766
Available-for-sale, allowance for credit loss	0	0
Corporate securities
Available for Sale
Amortized cost	47,175	47,351
Gross unrealized gains	189	788
Gross unrealized losses	(1,197)	(131)
Fair value	46,167	48,008
Available-for-sale, allowance for credit loss	0	0
U.S. Treasury obligations and direct obligations of U.S Government agencies
Available for Sale
Amortized cost	41,565	33,413
Gross unrealized gains	90	18
Gross unrealized losses	(478)	(286)
Fair value	41,177	33,145
Available-for-sale, allowance for credit loss	0	0
Residential - U.S. Government-sponsored entities
Available for Sale
Amortized cost	814,051	762,309
Gross unrealized gains	13,300	16,816
Gross unrealized losses	(12,085)	(299)
Fair value	815,266	778,826
Available-for-sale, allowance for credit loss	0	0
Commercial - U.S. Government agencies and sponsored entities
Available for Sale
Amortized cost	85,778	85,405
Gross unrealized gains	1,710	2,564
Gross unrealized losses	(1,609)	(500)
Fair value	85,879	87,469
Available-for-sale, allowance for credit loss	0	0
Residential - Non-government agencies
Available for Sale
Amortized cost	18,318	22,671
Gross unrealized gains	594	786
Gross unrealized losses	(112)	(34)
Fair value	18,800	23,423
Available-for-sale, allowance for credit loss	0	0
Commercial - Non-government agencies
Available for Sale
Amortized cost	41,315	41,309
Gross unrealized gains	1,392	1,663
Gross unrealized losses	0	0
Fair value	42,707	42,972
Available-for-sale, allowance for credit loss	$ 0	$ 0

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
INVESTMENT SECURITIES
Equity securities, at fair value	$ 1,435	$ 1,351
Available for Sale, Amortized Cost
Due in one year or less	21,146
Due after one year through five years	28,707
Due after five years through ten years	93,484
Due after ten years	110,583
Total	1,213,382
Available for Sale, Estimated Fair Value
Due in one year or less	21,381
Due after one year through five years	29,691
Due after five years through ten years	93,093
Due after ten years	109,524
Available-for-sale debt securities, at fair value	1,216,341	1,182,609
Equity securities
INVESTMENT SECURITIES
Equity securities, at amortized cost	1,096	1,068
Equity securities, at fair value	1,435	1,351
Residential - U.S. Government-sponsored entities
Available for Sale, Amortized Cost
Mortgage-backed securities	814,051
Available for Sale, Estimated Fair Value
Mortgage-backed securities	815,266
Available-for-sale debt securities, at fair value	815,266	778,826
Commercial - U.S. Government agencies and sponsored entities
Available for Sale, Amortized Cost
Mortgage-backed securities	85,778
Available for Sale, Estimated Fair Value
Mortgage-backed securities	85,879
Available-for-sale debt securities, at fair value	85,879	87,469
Residential - Non-government agencies
Available for Sale, Amortized Cost
Mortgage-backed securities	18,318
Available for Sale, Estimated Fair Value
Mortgage-backed securities	18,800
Available-for-sale debt securities, at fair value	18,800	23,423
Commercial - Non-government agencies
Available for Sale, Amortized Cost
Mortgage-backed securities	41,315
Available for Sale, Estimated Fair Value
Mortgage-backed securities	42,707
Available-for-sale debt securities, at fair value	$ 42,707	$ 42,972

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)securityshares	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)security
Class of Stock [Line Items]
Proceeds from sale of available-for-sale securities	$ 0	$ 0
Investment securities pledged as collateral	$ 494.1		$ 483.6
Number of investment securities in an unrealized loss position | security	95		37
Common Class B | Visa
Class of Stock [Line Items]
Shares owned (in shares) | shares	34,631

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
INVESTMENT SECURITIES
Less than 12 months, Fair Value	$ 536,590	$ 126,530
Less than 12 months, Unrealized Losses	(17,522)	(1,165)
12 months or longer, Fair Value	16,389	20,925
12 months or longer, Unrealized Losses	(149)	(262)
Total, Fair Value	552,979	147,455
Total, Unrealized Losses	(17,671)	(1,427)
States and political subdivisions
INVESTMENT SECURITIES
Less than 12 months, Fair Value	59,427	21,313
Less than 12 months, Unrealized Losses	(2,190)	(177)
12 months or longer, Fair Value	0	0
12 months or longer, Unrealized Losses	0	0
Total, Fair Value	59,427	21,313
Total, Unrealized Losses	(2,190)	(177)
Corporate securities
INVESTMENT SECURITIES
Less than 12 months, Fair Value	30,810	4,869
Less than 12 months, Unrealized Losses	(1,197)	(131)
12 months or longer, Fair Value	0	0
12 months or longer, Unrealized Losses	0	0
Total, Fair Value	30,810	4,869
Total, Unrealized Losses	(1,197)	(131)
U.S. Treasury obligations and direct obligations of U.S Government agencies
INVESTMENT SECURITIES
Less than 12 months, Fair Value	14,001	5,980
Less than 12 months, Unrealized Losses	(329)	(24)
12 months or longer, Fair Value	16,389	20,925
12 months or longer, Unrealized Losses	(149)	(262)
Total, Fair Value	30,390	26,905
Total, Unrealized Losses	(478)	(286)
Residential - U.S. Government-sponsored entities
INVESTMENT SECURITIES
Less than 12 months, Fair Value	409,049	76,402
Less than 12 months, Unrealized Losses	(12,085)	(299)
12 months or longer, Fair Value	0	0
12 months or longer, Unrealized Losses	0	0
Total, Fair Value	409,049	76,402
Total, Unrealized Losses	(12,085)	(299)
Residential - Non-government agencies
INVESTMENT SECURITIES
Less than 12 months, Fair Value	905	989
Less than 12 months, Unrealized Losses	(112)	(34)
12 months or longer, Fair Value	0	0
12 months or longer, Unrealized Losses	0	0
Total, Fair Value	905	989
Total, Unrealized Losses	(112)	(34)
Commercial - U.S. Government-sponsored entities
INVESTMENT SECURITIES
Less than 12 months, Fair Value	22,398	16,977
Less than 12 months, Unrealized Losses	(1,609)	(500)
12 months or longer, Fair Value	0	0
12 months or longer, Unrealized Losses	0	0
Total, Fair Value	22,398	16,977
Total, Unrealized Losses	$ (1,609)	$ (500)

LOANS AND CREDIT QUALITY (Loans

LOANS AND CREDIT QUALITY (Loans and Leases) (Details) $ in Thousands	Mar. 27, 2020	Mar. 31, 2021USD ($)loansegment	Mar. 31, 2020loan	Dec. 31, 2020USD ($)	Aug. 31, 2020USD ($)segment
LOANS AND LEASES
Loans and leases, gross		$ 5,156,741		$ 4,972,004
Net deferred (fees) costs		(18,892)		(7,891)
Total loans, net of allowance for credit losses		5,137,849		4,964,113
Financing Receivable, Allowance for Credit Loss		(81,553)		(83,269)
Loans and Leases Receivable, Net Amount		$ 5,056,296		4,880,844
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Number Of Loans Issued By Financial Institutions Through The SBA | segment		3,600			7,200
Loans Issued By Financial Institutions Through The SBA		$ 292,000			$ 558,000
Processing fees from loans issued by financial institutions through the SBA		15,000			$ 21,000
Payment for loans forgiven		233,000
Loans		$ 5,137,849		4,964,113
Transfer of Portfolio Loans Transferred to Held For Sale Category Number of Nonperforming Loans | loan			0
Loans And Leases Receivable, Number Of Loans Sold | loan		0	0
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 | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross		$ 618,104		425,993
Net deferred (fees) costs		(20,285)		(9,618)
Total loans, net of allowance for credit losses		597,819		416,375
Loans		597,819		416,375
Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross		514,303		545,136
Net deferred (fees) costs		(114)		(45)
Total loans, net of allowance for credit losses		514,189		545,091
Loans		514,189		545,091
Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross		138,284		125,625
Net deferred (fees) costs		(308)		(218)
Total loans, net of allowance for credit losses		137,976		125,407
Loans		137,976		125,407
Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross		1,684,936		1,687,251
Net deferred (fees) costs		2,577		2,961
Total loans, net of allowance for credit losses		1,687,513		1,690,212
Loans		1,687,513		1,690,212
Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross		558,348		550,216
Net deferred (fees) costs		1,166		1,050
Total loans, net of allowance for credit losses		559,514		551,266
Loans		559,514		551,266
Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross		1,166,175		1,158,203
Net deferred (fees) costs		(1,837)		(1,875)
Total loans, net of allowance for credit losses		1,164,338		1,156,328
Loans		1,164,338		1,156,328
U.S. Mainland Consumer - Unsecured | Consumer
LOANS AND LEASES
Loans and leases, gross		476,591		479,580
Net deferred (fees) costs		(91)		(146)
Total loans, net of allowance for credit losses		476,500		479,434
Loans		476,500		479,434
Special Mention
LOANS AND LEASES
Loans and leases, gross		127,799		142,499
Special Mention | Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross		0		0
Special Mention | Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross		52,576		67,177
Special Mention | Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross		3,169		2,843
Special Mention | Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross		991		1,736
Special Mention | Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross		701		707
Special Mention | Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross		70,362		69,786
Special Mention | U.S. Mainland Consumer - Unsecured | Consumer
LOANS AND LEASES
Loans and leases, gross		0		250
Substandard
LOANS AND LEASES
Loans and leases, gross		53,913		49,730
Substandard | Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross		0		0
Substandard | Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross		6,124		6,874
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		9,139		4,753
Substandard | Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross		439		524
Substandard | Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross		37,185		37,295
Substandard | U.S. Mainland Consumer - Unsecured | Consumer
LOANS AND LEASES
Loans and leases, gross		1,026		284
Loss
LOANS AND LEASES
Loans and leases, gross		27		48
Loss | Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross		0		0
Loss | Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross		0		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 | U.S. Mainland Consumer - Unsecured | Consumer
LOANS AND LEASES
Loans and leases, gross		27		48
Pass
LOANS AND LEASES
Loans and leases, gross		4,975,002		4,779,727
Pass | Commercial Financial And Agricultural | Small Business Administration Paycheck Protection Program
LOANS AND LEASES
Loans and leases, gross		618,104		425,993
Pass | Commercial Financial And Agricultural | Other
LOANS AND LEASES
Loans and leases, gross		455,603		471,085
Pass | Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross		135,115		122,782
Pass | Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross		1,674,806		1,680,762
Pass | Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross		557,208		548,985
Pass | Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross		1,058,628		1,051,122
Pass | U.S. Mainland Consumer - Unsecured | Consumer
LOANS AND LEASES
Loans and leases, gross		$ 475,538		$ 478,998

LOANS AND CREDIT QUALITY (Purch

LOANS AND CREDIT QUALITY (Purchases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	$ 35,524	$ 22,953
Purchase premium (discount)	535	(613)
Purchase price	36,059	22,340
U.S. Mainland Consumer - Unsecured
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	22,534	22,953
Purchase premium (discount)	(131)	(613)
Purchase price	22,403	22,340
U.S. Mainland Consumer - Automobile
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	12,990	0
Purchase premium (discount)	666	0
Purchase price	$ 13,656	$ 0

LOANS AND CREDIT QUALITY (Colla

LOANS AND CREDIT QUALITY (Collateral-Dependent Loans) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 11,800	$ 11,659
Allocated ACL	160	209
Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	10,580	10,357
Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	584	626
Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	636	676
Commercial, financial and agricultural
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	636	676
Allocated ACL	160	209
Commercial, financial and agricultural | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Commercial, financial and agricultural | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Commercial, financial and agricultural | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	636	676
Real Estate | Residential Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	10,141	9,833
Allocated ACL	0	0
Real Estate | Residential Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	10,141	9,833
Real Estate | Residential Mortgage | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Residential Mortgage | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Home Equity
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	439	524
Allocated ACL	0	0
Real Estate | Home Equity | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	439	524
Real Estate | Home Equity | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Home Equity | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Commercial Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	584	626
Allocated ACL	0	0
Real Estate | Commercial Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Commercial Mortgage | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	584	626
Real Estate | Commercial Mortgage | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 0	$ 0

LOANS AND CREDIT QUALITY(Forbea

LOANS AND CREDIT QUALITY(Forbearance or Deferrals) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	171
Balance	$ 39,499
Accrued Interest Receivable	984
Loans	5,137,849	$ 4,964,113
Total Loans, Excl. PPP	$ 4,540,030
% of Asset Class	0.80%
% of Asset Class, Excl. PPP	0.009
Commercial, financial and agricultural | Commercial, financial and agricultural
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	0
Balance	$ 0
Accrued Interest Receivable	0
Loans	$ 1,112,008
% of Asset Class	0.00%
Commercial, financial and agricultural | Other
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loans	$ 514,189	545,091
% of Asset Class, Excl. PPP	0
Real Estate | Construction
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	0
Balance	$ 0
Accrued Interest Receivable	0
Loans	$ 137,976	125,407
% of Asset Class	0.00%
% of Asset Class, Excl. PPP	0
Real Estate | Residential Mortgage
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	88
Balance	$ 38,571
Accrued Interest Receivable	984
Loans	$ 1,687,513	1,690,212
% of Asset Class	2.30%
% of Asset Class, Excl. PPP	0.023
Real Estate | Home Equity
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	0
Balance	$ 0
Accrued Interest Receivable	0
Loans	$ 559,514	551,266
% of Asset Class	0.00%
% of Asset Class, Excl. PPP	0
Real Estate | Commercial Mortgage
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	0
Balance	$ 0
Accrued Interest Receivable	0
Loans	$ 1,164,338	1,156,328
% of Asset Class	0.00%
% of Asset Class, Excl. PPP	0
Consumer Portfolio Segment [Member] | Consumer
ALLOWANCE FOR LOAN AND LEASE LOSSES
Loan Count | loan	83
Balance	$ 928
Accrued Interest Receivable	0
Loans	$ 476,500	$ 479,434
% of Asset Class	0.20%
% of Asset Class, Excl. PPP	0.002

LOANS AND CREDIT QUALITY (Impai

LOANS AND CREDIT QUALITY (Impaired Loans) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)loanproperty	Mar. 31, 2020loanproperty	Dec. 31, 2020USD ($)
Interest income recognized on impaired loans
Mortgage loans foreclosure, number | loan	0	0
Mortgage loans foreclosure, number sold | property	0	0
Residential Mortgage | Real Estate
Interest income recognized on impaired loans
Loans in the process of foreclosure | $	$ 1.6		$ 1.6

LOANS AND CREDIT QUALITY (Aging

LOANS AND CREDIT QUALITY (Aging of Recorded Investment) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	$ 7,194	$ 6,192
Total Past Due and Nonaccrual	17,060	15,390
Loans and Leases Not Past Due	5,120,789	4,948,723
Total loans, net of allowance for credit losses	5,137,849	4,964,113
Nonaccrual Loans With No ACL	4,992	4,639
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	3,951	6,443
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	1,131	1,948
Accruing Loans Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	4,784	807
Small Business Administration Paycheck Protection Program | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	0
Loans and Leases Not Past Due	597,819	416,375
Total loans, net of allowance for credit losses	597,819	416,375
Nonaccrual Loans With No ACL	0	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	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	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	0
Other | Commercial Financial And Agricultural
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	1,412	1,461
Total Past Due and Nonaccrual	1,745	2,424
Loans and Leases Not Past Due	512,444	542,667
Total loans, net of allowance for credit losses	514,189	545,091
Nonaccrual Loans With No ACL	0	0
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	279	613
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	54	350
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	0
Construction | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	0
Loans and Leases Not Past Due	137,976	125,407
Total loans, net of allowance for credit losses	137,976	125,407
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	0
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	4,553	4,115
Total Past Due and Nonaccrual	11,469	8,203
Loans and Leases Not Past Due	1,676,044	1,682,009
Total loans, net of allowance for credit losses	1,687,513	1,690,212
Nonaccrual Loans With No ACL	4,553	4,115
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	2,122	2,832
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	272	689
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	4,522	567
Home Equity | Real Estate
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	439	524
Total Past Due and Nonaccrual	574	800
Loans and Leases Not Past Due	558,940	550,466
Total loans, net of allowance for credit losses	559,514	551,266
Nonaccrual Loans With No ACL	439	524
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	0	273
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	135	3
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	0	0
Total Past Due and Nonaccrual	0	0
Loans and Leases Not Past Due	1,164,338	1,156,328
Total loans, net of allowance for credit losses	1,164,338	1,156,328
Nonaccrual Loans With No ACL	0	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	0	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	0
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 | U.S. Mainland Consumer - Unsecured
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans	790	92
Total Past Due and Nonaccrual	3,272	3,963
Loans and Leases Not Past Due	473,228	475,471
Total loans, net of allowance for credit losses	476,500	479,434
Nonaccrual Loans With No ACL	0	0
Consumer | Accruing Loans 30 - 59 Days Past Due | U.S. Mainland Consumer - Unsecured
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	1,550	2,725
Consumer | Accruing Loans 60 - 89 Days Past Due | U.S. Mainland Consumer - Unsecured
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	670	906
Consumer | Accruing Loans Greater  Than 90 Days Past Due | U.S. Mainland Consumer - Unsecured
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Past Due, Accuing Loans	$ 262	$ 240

LOANS AND CREDIT QUALITY (Modif

LOANS AND CREDIT QUALITY (Modifications) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)loancontractsegment	Mar. 31, 2020loancontract	Dec. 31, 2020USD ($)
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | contract	1	0
Amount of TDRs still accruing interest	$ 0
Debt instrument, deferrals not classified as TDRs	39,500		$ 119,300
Debt Instrument, Deferrals, Amount	$ 39,499
Number of loans were modified as a TDR within the previous twelve months that subsequently defaulted | loan	0	0
Accruing Loans Greater  Than 90 Days Past Due
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	$ 1,000		1,000
Commercial, financial and agricultural
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | segment	1
Recorded Investment (as of Period End)	$ 560
Amount of TDRs still accruing interest	0
U.S. Mainland Consumer - Unsecured
Information related to loans modified in a TDR
Recorded Investment (as of Period End)	560
Nonperforming Financial Instruments
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	7,500		7,800
Nonperforming Financial Instruments | Accruing Loans Greater  Than 90 Days Past Due
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	$ 100		$ 700
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)	$ 200
Nonperforming Financial Instruments | Commercial, financial and agricultural | HAWAII
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | loan	1
Recorded Investment (as of Period End)	$ 600
Residential Mortgage | Real Estate
Information related to loans modified in a TDR
Debt Instrument, Deferrals, Amount	38,571
Commercial Mortgage | Real Estate
Information related to loans modified in a TDR
Debt Instrument, Deferrals, Amount	0
Consumer | U.S. Mainland Consumer - Unsecured
Information related to loans modified in a TDR
Debt Instrument, Deferrals, Amount	$ 928

LOANS AND CREDIT QUALITY (Class

LOANS AND CREDIT QUALITY (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Recorded investment in the loans and leases, by class and credit indicator
2021	$ 518,683	$ 1,353,673
2020	1,220,162	690,783
2019	625,370	504,631
2018	474,645	438,649
2017	400,811	364,528
Prior	1,229,926	940,544
Amortized Cost of Revolving Loans	668,252	671,305
Total	5,137,849	4,964,113
Loans and leases, gross	5,156,741	4,972,004
Net deferred (fees) costs	(18,892)	(7,891)
Total loans, net of allowance for credit losses	5,137,849	4,964,113
Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	4,975,002	4,779,727
Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	127,799	142,499
Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	53,913	49,730
Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	27	48
Small Business Administration Paycheck Protection Program | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2021	278,212	416,375
2020	319,607	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Amortized Cost of Revolving Loans	0	0
Total	597,819	416,375
Loans and leases, gross	618,104	425,993
Net deferred (fees) costs	(20,285)	(9,618)
Total loans, net of allowance for credit losses	597,819	416,375
Small Business Administration Paycheck Protection Program | Pass | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2021	278,212	416,375
2020	319,607	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Amortized Cost of Revolving Loans	0	0
Total	597,819	416,375
Loans and leases, gross	618,104	425,993
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	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	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	0
Other | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2021	27,654	96,346
2020	82,326	72,619
2019	66,930	68,650
2018	65,096	74,826
2017	60,707	43,463
Prior	136,391	106,302
Amortized Cost of Revolving Loans	75,085	82,885
Total	514,189	545,091
Loans and leases, gross	514,303	545,136
Net deferred (fees) costs	(114)	(45)
Total loans, net of allowance for credit losses	514,189	545,091
Other | Pass | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2021	26,676	86,456
2020	75,241	55,660
2019	53,756	61,314
2018	61,131	47,672
2017	39,649	39,337
Prior	124,952	98,136
Amortized Cost of Revolving Loans	74,084	82,465
Total	455,489	471,040
Loans and leases, gross	455,603	471,085
Other | Special Mention | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2021	978	9,690
2020	6,823	16,120
2019	12,354	6,293
2018	2,904	26,109
2017	20,107	1,556
Prior	8,409	6,989
Amortized Cost of Revolving Loans	1,001	420
Total	52,576	67,177
Loans and leases, gross	52,576	67,177
Other | Substandard | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
2021	0	200
2020	262	839
2019	820	1,043
2018	1,061	1,045
2017	951	2,570
Prior	3,030	1,177
Amortized Cost of Revolving Loans	0	0
Total	6,124	6,874
Loans and leases, gross	6,124	6,874
Other | Loss | Commercial Financial And Agricultural
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Construction | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	4,854	22,491
2020	29,053	29,518
2019	34,004	39,633
2018	36,987	9,365
2017	8,143	2,163
Prior	20,865	19,138
Amortized Cost of Revolving Loans	4,070	3,099
Total	137,976	125,407
Loans and leases, gross	138,284	125,625
Net deferred (fees) costs	(308)	(218)
Total loans, net of allowance for credit losses	137,976	125,407
Construction | Pass | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	4,854	22,491
2020	29,053	29,518
2019	34,004	36,790
2018	33,818	9,365
2017	8,143	2,163
Prior	20,865	19,138
Amortized Cost of Revolving Loans	4,070	3,099
Total	134,807	122,564
Loans and leases, gross	135,115	122,782
Construction | Special Mention | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	0	0
2020	0	0
2019	0	2,843
2018	3,169	0
2017	0	0
Prior	0	0
Amortized Cost of Revolving Loans	0	0
Total	3,169	2,843
Loans and leases, gross	3,169	2,843
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
2021	148,010	557,476
2020	536,963	276,645
2019	235,907	128,027
2018	113,893	137,689
2017	123,029	182,305
Prior	529,711	408,070
Amortized Cost of Revolving Loans	0	0
Total	1,687,513	1,690,212
Loans and leases, gross	1,684,936	1,687,251
Net deferred (fees) costs	2,577	2,961
Total loans, net of allowance for credit losses	1,687,513	1,690,212
Residential Mortgage | Pass | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	148,010	556,479
2020	534,754	276,645
2019	235,514	127,490
2018	113,088	136,307
2017	120,950	180,782
Prior	525,067	406,020
Amortized Cost of Revolving Loans	0	0
Total	1,677,383	1,683,723
Loans and leases, gross	1,674,806	1,680,762
Residential Mortgage | Special Mention | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	0	997
2020	991	0
2019	0	0
2018	0	597
2017	0	142
Prior	0	0
Amortized Cost of Revolving Loans	0	0
Total	991	1,736
Loans and leases, gross	991	1,736
Residential Mortgage | Substandard | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	0	0
2020	1,218	0
2019	393	537
2018	805	785
2017	2,079	1,381
Prior	4,644	2,050
Amortized Cost of Revolving Loans	0	0
Total	9,139	4,753
Loans and leases, gross	9,139	4,753
Residential Mortgage | Loss | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Home Equity | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	5,288	17,582
2020	16,899	15,851
2019	13,330	15,567
2018	13,820	679
2017	716	1,223
Prior	6,132	4,916
Amortized Cost of Revolving Loans	503,329	495,448
Total	559,514	551,266
Loans and leases, gross	558,348	550,216
Net deferred (fees) costs	1,166	1,050
Total loans, net of allowance for credit losses	559,514	551,266
Home Equity | Pass | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	5,288	17,582
2020	16,899	15,851
2019	13,330	15,567
2018	13,820	679
2017	716	1,023
Prior	5,693	4,592
Amortized Cost of Revolving Loans	502,628	494,741
Total	558,374	550,035
Loans and leases, gross	557,208	548,985
Home Equity | Special Mention | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Amortized Cost of Revolving Loans	701	707
Total	701	707
Loans and leases, gross	701	707
Home Equity | Substandard | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	200
Prior	439	324
Amortized Cost of Revolving Loans	0	0
Total	439	524
Loans and leases, gross	439	524
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
2021	17,839	130,448
2020	134,944	148,056
2019	147,818	174,166
2018	174,480	171,471
2017	169,670	117,927
Prior	503,558	398,060
Amortized Cost of Revolving Loans	16,029	16,200
Total	1,164,338	1,156,328
Loans and leases, gross	1,166,175	1,158,203
Net deferred (fees) costs	(1,837)	(1,875)
Total loans, net of allowance for credit losses	1,164,338	1,156,328
Commercial Mortgage | Pass | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	17,839	130,448
2020	134,944	144,244
2019	144,012	123,519
2018	124,952	166,618
2017	163,055	104,381
Prior	455,960	363,837
Amortized Cost of Revolving Loans	16,029	16,200
Total	1,056,791	1,049,247
Loans and leases, gross	1,058,628	1,051,122
Commercial Mortgage | Special Mention | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	0	0
2020	0	2,021
2019	2,018	31,647
2018	30,564	2,919
2017	4,742	13,546
Prior	33,038	19,653
Amortized Cost of Revolving Loans	0	0
Total	70,362	69,786
Loans and leases, gross	70,362	69,786
Commercial Mortgage | Substandard | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
2021	0	0
2020	0	1,791
2019	1,788	19,000
2018	18,964	1,934
2017	1,873	0
Prior	14,560	14,570
Amortized Cost of Revolving Loans	0	0
Total	37,185	37,295
Loans and leases, gross	37,185	37,295
Commercial Mortgage | Loss | Real Estate
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Consumer | U.S. Mainland Consumer - Unsecured
Recorded investment in the loans and leases, by class and credit indicator
2021	36,826	112,955
2020	100,370	148,094
2019	127,381	78,588
2018	70,369	44,619
2017	38,546	17,447
Prior	33,269	4,058
Amortized Cost of Revolving Loans	69,739	73,673
Total	476,500	479,434
Loans and leases, gross	476,591	479,580
Net deferred (fees) costs	(91)	(146)
Total loans, net of allowance for credit losses	476,500	479,434
Consumer | Pass | U.S. Mainland Consumer - Unsecured
Recorded investment in the loans and leases, by class and credit indicator
2021	36,826	112,955
2020	100,204	147,940
2019	126,940	78,486
2018	70,102	44,571
2017	38,443	17,445
Prior	33,193	4,032
Amortized Cost of Revolving Loans	69,739	73,423
Total	475,447	478,852
Loans and leases, gross	475,538	478,998
Consumer | Special Mention | U.S. Mainland Consumer - Unsecured
Recorded investment in the loans and leases, by class and credit indicator
2021		0
2020		0
2019		0
2018		0
2017		0
Prior		0
Amortized Cost of Revolving Loans		250
Total		250
Loans and leases, gross	0	250
Consumer | Substandard | U.S. Mainland Consumer - Unsecured
Recorded investment in the loans and leases, by class and credit indicator
2021	0	0
2020	166	138
2019	441	102
2018	267	22
2017	87	0
Prior	65	22
Amortized Cost of Revolving Loans	0	0
Total	1,026	284
Loans and leases, gross	1,026	284
Consumer | Loss | U.S. Mainland Consumer - Unsecured
Recorded investment in the loans and leases, by class and credit indicator
2021	0	0
2020	0	16
2019	0	0
2018	0	26
2017	16	2
Prior	11	4
Amortized Cost of Revolving Loans	0	0
Total	27	48
Loans and leases, gross	$ 27	$ 48

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
	Mar. 31, 2021	Mar. 31, 2020
Changes in the allowance
Beginning balance		$ 47,971
Provision for credit losses	$ (821)	11,127
Subtotal	82,295	60,866
Charge-offs	1,707	2,654
Recoveries	965	1,433
Net charge-offs (recoveries)	742	1,221
Ending balance	81,553	59,645
Provision for credit losses on loans	(974)	9,329
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-balance sheet, credit loss, liability, beginning balance		1,272
Provision for off-balance sheet credit exposures	153	1,798
Off-balance sheet, credit loss, liability, ending balance	5,037	3,810
Commercial Financial And Agricultural
Changes in the allowance
Beginning balance		0
Subtotal	489	0
Charge-offs	0	0
Recoveries	0	0
Net charge-offs (recoveries)	0	0
Ending balance	489	0
Provision for credit losses on loans	185	0
Other
Changes in the allowance
Beginning balance		8,136
Subtotal	15,984	8,740
Charge-offs	609	437
Recoveries	89	342
Net charge-offs (recoveries)	520	95
Ending balance	15,464	8,645
Provision for credit losses on loans	(2,733)	1,231
Construction | Real Estate
Changes in the allowance
Beginning balance		1,792
Subtotal	5,047	2,926
Charge-offs	0	0
Recoveries	0	131
Net charge-offs (recoveries)	0	(131)
Ending balance	5,047	3,057
Provision for credit losses on loans	770	655
Residential Mortgage | Real Estate
Changes in the allowance
Beginning balance		13,327
Subtotal	15,251	13,000
Charge-offs	0	0
Recoveries	106	181
Net charge-offs (recoveries)	(106)	(181)
Ending balance	15,357	13,181
Provision for credit losses on loans	(1,233)	(935)
Home Equity | Real Estate
Changes in the allowance
Beginning balance		4,206
Subtotal	5,242	2,278
Charge-offs	0	0
Recoveries	9	31
Net charge-offs (recoveries)	(9)	(31)
Ending balance	5,251	2,309
Provision for credit losses on loans	(207)	(314)
Commercial Mortgage | Real Estate
Changes in the allowance
Beginning balance		11,113
Subtotal	22,726	19,516
Charge-offs	0	0
Recoveries	8	2
Net charge-offs (recoveries)	(8)	(2)
Ending balance	22,734	19,518
Provision for credit losses on loans	563	5,779
Consumer | U.S. Mainland Consumer - Unsecured
Changes in the allowance
Beginning balance		9,397
Subtotal	17,556	14,406
Charge-offs	1,098	2,217
Recoveries	753	746
Net charge-offs (recoveries)	345	1,471
Ending balance	17,211	12,935
Provision for credit losses on loans	1,681	2,913
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 | U.S. Mainland Consumer - Unsecured
Changes in the allowance
Beginning balance		2,096
Adjusted balance at beginning of period
Changes in the allowance
Beginning balance	83,269	51,537
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Off-balance sheet, credit loss, liability, beginning balance	4,884	2,012
Adjusted balance at beginning of period | Commercial Financial And Agricultural
Changes in the allowance
Beginning balance	304	0
Adjusted balance at beginning of period | Other
Changes in the allowance
Beginning balance	18,717	7,509
Adjusted balance at beginning of period | Construction | Real Estate
Changes in the allowance
Beginning balance	4,277	2,271
Adjusted balance at beginning of period | Residential Mortgage | Real Estate
Changes in the allowance
Beginning balance	16,484	13,935
Adjusted balance at beginning of period | Home Equity | Real Estate
Changes in the allowance
Beginning balance	5,449	2,592
Adjusted balance at beginning of period | Commercial Mortgage | Real Estate
Changes in the allowance
Beginning balance	22,163	13,737
Adjusted balance at beginning of period | Consumer | U.S. Mainland Consumer - Unsecured
Changes in the allowance
Beginning balance	$ 15,875	$ 11,493

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Other Commitments [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Investments in Low Income Housing Tax Credit Partnerships	$ 27,683		$ 28,090
Investments in common securities of statutory trusts	1,547		1,547
Investments in affiliates	203		277
Other	2,054		54
Investment in unconsolidated subsidiaries	31,487		29,968
Amortization expense in pretax income	407	$ 348
Income tax credits and adjustments	474	$ 400
Unfunded commitments, LIHTC	14,400		$ 17,200
2021 (remainder)	10,383
2021	5,980
2022	10
2023	26
2024	6
2025	6
Thereafter	37
Total unfunded commitments	16,448
LIHTC partnerships
Other Commitments [Line Items]
2021 (remainder)	8,383
2021	5,980
2022	10
2023	26
2024	6
2025	6
Thereafter	37
Total unfunded commitments	14,448
Other partnerships
Other Commitments [Line Items]
2021 (remainder)	2,000
2021	0
2022	0
2023	0
2024	0
2025	0
Thereafter	0
Total unfunded commitments	$ 2,000

MORTGAGE SERVICING RIGHTS (Deta

MORTGAGE SERVICING RIGHTS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Mar. 31, 2020USD ($)
OTHER INTANGIBLE ASSETS
Income generated as a result of new mortgage servicing rights reported as gains on sale of loans	$ 2,439	$ 727
Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Income generated as a result of new mortgage servicing rights reported as gains on sale of loans	500	200
Changes in other intangible assets
Balance, beginning of period	11,865	14,718
Additions	461	174
Amortization	(1,232)	(1,547)
Balance, end of period	11,094	13,345
Fair market value and key assumptions used in determining the fair market value
Fair market value, beginning of period	12,003	15,820
Fair market value, end of period	11,673	13,525
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value			$ 71,370	$ 70,909
Accumulated Amortization			(60,276)	(59,044)
Other intangible assets	11,094	13,345	11,094	11,865	$ 13,345
Estimated Amortization Expense
2021 (remainder)			3,642
2021			3,584
2022			2,918
2023			950
2024			0
2025			0
Thereafter			0
Other intangible assets	$ 11,094	$ 13,345	$ 11,094	$ 11,865	$ 13,345
Measurement Input, Discount Rate | Mortgage Servicing Rights
Fair market value and key assumptions used in determining the fair market value
Weighted average prepayment speed assumption			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
Weighted average prepayment speed assumption			0.175		0.161

DERIVATIVES (Details)

DERIVATIVES (Details) - Derivatives Not Designated as Hedging Instruments $ in Millions	Mar. 31, 2021USD ($)
Interest rate lock commitments
DERIVATIVES
Mortgage loans hedged	$ 1.9
Forward sale commitments
DERIVATIVES
Mortgage loans hedged	$ 7.1

DERIVATIVES (Balance Sheet) (De

DERIVATIVES (Balance Sheet) (Details) - Derivatives Not Designated as Hedging Instruments - Interest rate lock and forward sale commitments and risk participation agreements - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Asset Derivatives
Fair Value	$ 84	$ 18
Liability Derivatives
Fair Value	$ 18	$ 163

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
	Mar. 31, 2021	Mar. 31, 2020
Mortgage banking income | Interest rate lock and forward sale commitments and risk participation agreements
DERIVATIVES
Unrealized gain (loss) on interest rate locks	$ 180	$ 99
Other service charges and fees | Risk participation agreements
DERIVATIVES
Unrealized gain (loss) on interest rate locks	31	$ 1,288
Other income | Loans held for sale
DERIVATIVES
Unrealized gain (loss) on interest rate locks	$ (1)

SHORT-TERM BORROWINGS AND LON_3

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Narrative (Details)	1 Months Ended			3 Months Ended
	Dec. 31, 2004USD ($)	Sep. 30, 2004USD ($)	Oct. 31, 2003trust	Mar. 31, 2021USD ($)period	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jan. 31, 2019USD ($)
Debt Instrument [Line Items]
Short-term borrowings				$ 0	$ 22,000,000
Long term borrowings				105,436,000	105,385,000
Number of wholly owned statutory trusts created | trust			2
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Line of Credit, maximum borrowing capacity				1,800,000,000	1,810,000,000
Unused borrowings available				1,560,000,000	1,520,000,000
Short-term borrowings					22,000,000
Letters of Credit, outstanding				237,100,000	268,000,000
Commercial real estate and commercial loans pledged as collateral				2,720,000,000
Federal Reserve discount window line of credit
Debt Instrument [Line Items]
Unused borrowings available				65,900,000	64,500,000
Commercial real estate and commercial loans pledged as collateral				$ 133,500,000	$ 136,900,000
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
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	Mar. 31, 2021	Dec. 31, 2020
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

SHORT-TERM BORROWINGS AND LON_5

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Subordinated Notes (Details) - USD ($)	Oct. 20, 2020	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt		$ 105,436,000	$ 105,385,000
Subordinated notes | Notes
Debt Instrument [Line Items]
Subordinated notes		$ 55,000,000
Stated interest rate, first five years	4.75%	0.0475%
Debt face amount	$ 55,000,000
Debt instrument, term	10 years
Long-term debt		$ 53,900,000
Unamortized debt issuance costs		$ 1,100,000
Subordinated notes | Notes | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	4.56%

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue from External Customer [Line Items]
In-scope other operating income	$ 6,725	$ 6,572
Out-of-scope other operating income	3,986	2,314
Total other operating income	10,711	8,886
Loan placement fees
Revenue from External Customer [Line Items]
In-scope other operating income	838	229
Service charges on deposit accounts
Revenue from External Customer [Line Items]
In-scope other operating income	1,478	2,050
Other service charges and fees
Revenue from External Customer [Line Items]
In-scope other operating income	3,178	2,996
Income from fiduciary activities
Revenue from External Customer [Line Items]
In-scope other operating income	$ 1,231	$ 1,297

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - Restricted Stock Awards and Units	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Activity of nonvested shares
Nonvested restricted stock awards and units, beginning of period (in shares) | shares	532,374
Changes during the period:
Granted (in shares) | shares	210,566
Vested (in shares) | shares	(53,112)
Forfeited (in shares) | shares	(4,757)
Nonvested restricted stock awards and units, end of period (in shares) | shares	685,071
Weighted Average Grant Date Fair Value
Nonvested restricted stock awards and units, beginning of period (in dollars per share) | $ / shares	$ 22.49
Changes during the period:
Granted (in dollars per share) | $ / shares	21.67
Vested (in dollars per share) | $ / shares	28.97
Forfeited (in dollars per share) | $ / shares	16.43
Nonvested restricted stock awards and units, end of period (in dollars per share) | $ / shares	$ 21.78

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating Lease, Cost	$ 1,571	$ 1,653
Variable Lease, Cost	720	678
Sublease Income	0	(12)
Lease, Cost	2,291	2,319
Cash flows from operating leases	$ (1,599)	$ (1,594)
Operating Lease, Weighted Average Remaining Lease Term	11 years 9 months 10 days	13 years 4 months 9 days
Operating Lease, Weighted Average Discount Rate, Percent	3.89%	3.92%

LEASES - Lessee, Operating Leas

LEASES - Lessee, Operating Lease Maturities (Details) $ in Thousands	Mar. 31, 2021USD ($)
Undiscounted Cash Flows
2021 (remainder)	$ 4,809
2021	5,954
2022	5,396
2023	5,091
2024	4,795
2025	4,551
Thereafter	27,536
Total	58,132
Lease Liability Expense
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Remainder Of The Year	1,285
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Two	1,560
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Three	1,405
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Four	1,262
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Five	1,117
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due Year Six	978
Lessee, Operating Lease, Liability, Undiscounted Excess Amount, Due After Year Six	4,492
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	12,099
Lease Liability Reduction
Lessee, Operating Lease, Lease Liability Reduction, Due Remainder Of The Year	3,524
Lessee, Operating Lease, Lease Liability Reduction, Year Two	4,394
Lessee, Operating Lease, Lease Liability Reduction, Year Three	3,991
Lessee, Operating Lease, Lease Liability Reduction, Year Four	3,829
Lessee, Operating Lease, Lease Liability Reduction, Year Five	3,678
Lessee, Operating Lease, Lease Liability Reduction, Year Six	3,573
Lessee, Operating Lease, Lease Liability Reduction, After Year Six	23,044
Lessee, Operating Lease, Lease Liability Reduction	$ 46,033

LEASES - Rental Income (Details

LEASES - Rental Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Total rental income recognized	$ 520	$ 533

LEASES - Lessor, Operating Leas

LEASES - Lessor, Operating Lease Maturities (Details) $ in Thousands	Mar. 31, 2021USD ($)
Leases [Abstract]
2021 (remainder)	$ 2,046
2021	1,575
2022	582
2023	222
2024	119
2025	72
Thereafter	106
Total	$ 4,722

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Before Tax
Other comprehensive income (loss), before tax	$ (23,368)	$ 14,562
Tax Effect
Other comprehensive income, tax	(6,251)	3,899
Net of Tax
Total other comprehensive (loss) income, net of tax	(17,117)	10,663
Net unrealized gains on investment securities
Before Tax
Other comprehensive income (loss) before reclassification, before tax	(23,619)	13,858
Reclassification from AOCI, before tax	0	0
Other comprehensive income (loss), before tax	(23,619)	13,858
Tax Effect
Other comprehensive income (loss) before reclassifications, tax	(6,318)	3,711
Reclassification from AOCI, tax	0	0
Other comprehensive income, tax	(6,318)	3,711
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	(17,301)	10,147
Reclassification from AOCI, net of tax	0	0
Total other comprehensive (loss) income, net of tax	(17,301)	10,147
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	246	268
Tax Effect
Reclassification from AOCI, tax	66	72
Net of Tax
Reclassification from AOCI, net of tax	180	196
Amortization of net transition obligation
Before Tax
Reclassification from AOCI, before tax	5	5
Tax Effect
Reclassification from AOCI, tax	1	1
Net of Tax
Reclassification from AOCI, net of tax	4	4
Amortization of prior service cost
Before Tax
Reclassification from AOCI, before tax		4
Tax Effect
Reclassification from AOCI, tax		1
Net of Tax
Reclassification from AOCI, net of tax		3
Defined benefit plans, net
Before Tax
Other comprehensive income (loss), before tax	(251)	(704)
Tax Effect
Other comprehensive income, tax	(67)	(188)
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	0	313
Reclassification from AOCI, net of tax	184	203
Total other comprehensive (loss) income, net of tax	$ 184	$ 516

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Changes in each component of AOCI, net of tax
Balance at beginning of period	$ 546,685
Total other comprehensive (loss) income, net of tax	(17,117)	$ 10,663
Balance at end of period	542,865
Investment Securities
Changes in each component of AOCI, net of tax
Balance at beginning of period	26,651	14,825
Other comprehensive income before reclassifications	(17,301)	10,147
Reclassification adjustments from AOCI	0	0
Total other comprehensive (loss) income, net of tax	(17,301)	10,147
Balance at end of period	9,350	24,972
Defined Benefit Plans
Changes in each component of AOCI, net of tax
Balance at beginning of period	(6,523)	(6,416)
Other comprehensive income before reclassifications	0	313
Reclassification adjustments from AOCI	184	203
Total other comprehensive (loss) income, net of tax	184	516
Balance at end of period	(6,339)	(5,900)
Accum. Other Comp. Income (Loss)
Changes in each component of AOCI, net of tax
Balance at beginning of period	20,128	8,409
Other comprehensive income before reclassifications	(17,301)	10,460
Reclassification adjustments from AOCI	184	203
Total other comprehensive (loss) income, net of tax	(17,117)	10,663
Balance at end of period	$ 3,011	$ 19,072

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassified out of AOCI) (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Amounts reclassified out of each component of accumulated other comprehensive income
Net income	$ 18,038	$ 8,326
Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Net income	(184)	(203)
Investment Securities
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from AOCI, net of tax	0	0
Defined Benefit Plans
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from AOCI, net of tax	(184)	(203)
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	(251)	(277)
Amortization of defined benefit plan items, tax	67	74
Reclassification from AOCI, net of tax	(184)	(203)
Amortization of net actuarial loss
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax	(246)	(268)
Amortization of defined benefit plan items, tax	66	72
Reclassification from AOCI, net of tax	(180)	(196)
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	(246)	(268)
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)
Amortization of defined benefit plan items, tax	1	1
Reclassification from AOCI, net of tax	(4)	(4)
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)
Amortization of prior service cost
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of defined benefit plan items, before tax		(4)
Amortization of defined benefit plan items, tax		1
Reclassification from AOCI, net of tax		(3)
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	$ 0	$ (4)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
SHARE-BASED COMPENSATION
Net income	$ 18,038	$ 8,326
Weighted average shares outstanding - basic	28,108,648	28,126,400
Weighted average shares outstanding - diluted	28,313,014	28,277,753
Basic earnings per common share (in dollars per share)	$ 0.64	$ 0.30
Diluted earnings per common share (in dollars per share)	$ 0.64	$ 0.29
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements	204,366	151,353

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
	Mar. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Loans, weighted average discount rate, percent	5.06%
Time deposits, weighted average discount rate, percent	0.29%
Long-term debt, weighted average interest rate	5.95%
Financial assets
Cash and due from banks	$ 93,358,000	$ 97,546,000
Interest-bearing deposits in other banks	166,533,000	6,521,000
Loans held for sale	5,234,000	16,687,000
Accrued interest receivable	19,440,000	20,224,000
Deposits:
Noninterest-bearing deposits	2,070,428,000	1,790,269,000
Time deposits	896,580,000	898,918,000
Transfers of financial assets (liability) out of Level 3	0
Interest rate lock commitments
Deposits:
Derivatives, Notional Amount	1,881,000	714,000
Forward sale commitments
Deposits:
Derivatives, Notional Amount	7,136,000	16,603,000
Commitments to extend credit
Deposits:
Off-balance sheet financial instruments, Notional Amount	1,292,373,000	1,176,065,000
Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments, Notional Amount	11,306,000	10,544,000
Risk participation agreements
Deposits:
Derivatives, Notional Amount	37,704,000	37,762,000
Carrying Amount
Financial assets
Cash and due from banks	93,358,000	97,546,000
Interest-bearing deposits in other banks	166,533,000	6,521,000
Investment securities	1,217,776,000	1,183,960,000
Loans held for sale	5,234,000	16,687,000
Net loans and leases	5,056,296,000	4,880,844,000
Accrued interest receivable	19,440,000	20,224,000
Deposits:
Noninterest-bearing deposits	2,070,428,000	1,790,269,000
Interest-bearing demand and savings deposits	3,241,942,000	3,106,931,000
Time deposits	896,580,000	898,918,000
Short-term debt		22,000,000
Long-term debt	105,436,000	105,385,000
Interest Payable	2,023,000	1,727,000
Carrying Amount | Interest rate lock commitments
Deposits:
Derivative liabilities	84,000	18,000
Carrying Amount | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	0	0
Carrying Amount | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	0	0
Carrying Amount | Risk participation agreements
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(17,000)	(48,000)
Estimated Fair Value
Financial assets
Cash and due from banks	93,358,000	97,546,000
Interest-bearing deposits in other banks	166,533,000	6,521,000
Investment securities	1,217,776,000	1,183,960,000
Loans held for sale	5,234,000	16,687,000
Net loans and leases	4,931,010,000	4,795,776,000
Accrued interest receivable	19,440,000	20,224,000
Deposits:
Noninterest-bearing deposits	2,070,428,000	1,790,269,000
Interest-bearing demand and savings deposits	3,241,942,000	3,106,931,000
Time deposits	896,753,000	899,562,000
Short-term debt		22,000,000
Long-term debt	90,479,000	92,488,000
Interest Payable	2,023,000	1,727,000
Estimated Fair Value | Interest rate lock commitments
Deposits:
Derivative liabilities	84,000	18,000
Estimated Fair Value | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	1,570,000	1,313,000
Estimated Fair Value | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	170,000	158,000
Estimated Fair Value | Risk participation agreements
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(17,000)	(48,000)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Cash and due from banks	93,358,000	97,546,000
Interest-bearing deposits in other banks	166,533,000	6,521,000
Investment securities	1,435,000	1,351,000
Loans held for sale	0	0
Net loans and leases	0	0
Accrued interest receivable	19,440,000	20,224,000
Deposits:
Noninterest-bearing deposits	2,070,428,000	1,790,269,000
Interest-bearing demand and savings deposits	3,241,942,000	3,106,931,000
Time deposits	0	0
Short-term debt		0
Long-term debt	0	0
Interest Payable	2,023,000	1,727,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate lock commitments
Deposits:
Derivative liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	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
Quoted Prices in Active Markets for Identical Assets (Level 1) | Risk participation agreements
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
Interest-bearing deposits in other banks	0	0
Investment securities	1,206,745,000	1,170,283,000
Loans held for sale	5,234,000	16,687,000
Net loans and leases	0	0
Accrued interest receivable	0	0
Deposits:
Noninterest-bearing deposits	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	0	0
Short-term debt		22,000,000
Long-term debt	0	0
Interest Payable	0	0
Significant Other Observable Inputs (Level 2) | Interest rate lock commitments
Deposits:
Derivative liabilities	84,000	18,000
Significant Other Observable Inputs (Level 2) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	1,570,000	1,313,000
Significant Other Observable Inputs (Level 2) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	170,000	158,000
Significant Other Observable Inputs (Level 2) | Risk participation agreements
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
Interest-bearing deposits in other banks	0	0
Investment securities	9,596,000	12,326,000
Loans held for sale	0	0
Net loans and leases	4,931,010,000	4,795,776,000
Accrued interest receivable	0	0
Deposits:
Noninterest-bearing deposits	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	896,753,000	899,562,000
Short-term debt		0
Long-term debt	90,479,000	92,488,000
Interest Payable	0	0
Significant Unobservable Inputs (Level 3) | Interest rate lock commitments
Deposits:
Derivative liabilities	0	0
Significant Unobservable Inputs (Level 3) | Commitments to extend credit
Deposits:
Off-balance sheet financial instruments	0	0
Significant Unobservable Inputs (Level 3) | Standby letters of credit and financial guarantees written
Deposits:
Off-balance sheet financial instruments	0	0
Significant Unobservable Inputs (Level 3) | Risk participation agreements
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(17,000)	(48,000)
Recurring basis | Carrying Amount | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(1,000)	(115,000)
Recurring basis | Estimated Fair Value | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(1,000)	(115,000)
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
Recurring basis | Significant Other Observable Inputs (Level 2) | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	(1,000)	(115,000)
Recurring basis | Significant Unobservable Inputs (Level 3) | Forward sale commitments
Deposits:
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	$ 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	Mar. 31, 2021	Dec. 31, 2020
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 1,216,341	$ 1,182,609
Equity securities, at fair value	1,435	1,351
States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	166,345	168,766
Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	46,167	48,008
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	41,177	33,145
Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	815,266	778,826
Commercial - U.S. Government agencies and sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	85,879	87,469
Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	18,800	23,423
Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	42,707	42,972
Equity securities
Assets and liabilities measured at fair value
Equity securities, at fair value	1,435	1,351
Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	1,216,341	1,182,609
Total	1,217,842	1,183,815
Recurring basis | Derivative - Interest Rate Contracts
Assets and liabilities measured at fair value
Derivatives: Interest rate lock and forward sale commitments	66	(145)
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	166,345	168,766
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	46,167	48,008
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	41,177	33,145
Recurring basis | Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	815,266	778,826
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	85,879	87,469
Recurring basis | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	18,800	23,423
Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	42,707	42,972
Recurring basis | Equity securities
Assets and liabilities measured at fair value
Equity securities, at fair value	1,435	1,351
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	1,435	1,351
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) | Residential - U.S. Government-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) | 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	1,435	1,351
Recurring basis | Significant Other Observable Inputs (Level 2)
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	1,206,745	1,170,283
Total	1,206,828	1,170,186
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	83	(97)
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	157,654	157,429
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	46,167	48,008
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	41,177	33,145
Recurring basis | Significant Other Observable Inputs (Level 2) | Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	815,266	778,826
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	85,879	87,469
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	17,895	22,434
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	42,707	42,972
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	9,596	12,326
Total	9,579	12,278
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	(17)	(48)
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	8,691	11,337
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) | Residential - U.S. Government-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) | 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	905	989
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	3 Months Ended
	Mar. 31, 2021USD ($)security	Mar. 31, 2020USD ($)	Dec. 31, 2020
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	$ 12,326	$ 11,255
Principal payments received	(1,978)	(109)
Unrealized net loss included in other comprehensive income	(752)	426
Aggregate fair value / Balance at the end of the period	9,596	11,572
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	11,337	11,255
Principal payments received	(1,973)	(109)
Unrealized net loss included in other comprehensive income	(673)	426
Aggregate fair value / Balance at the end of the period	$ 8,691	11,572
Additional disclosures
Number of investment securities held | security	3
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	$ 989	0
Principal payments received	(5)	0
Unrealized net loss included in other comprehensive income	(79)	0
Aggregate fair value / Balance at the end of the period	$ 905	$ 0
Additional disclosures
Number of investment securities held | security	2
Measurement Input, Discount Rate | Weighted average
Additional disclosures
Weighted average prepayment speed assumption	0.0338	0.0325	0.0283

FAIR VALUE OF FINANCIAL ASSET_6

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets measured at fair value on a nonrecurring basis
Other real estate owned	$ 0	$ 0
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	0	0
Significant Unobservable Inputs (Level 3) | Nonrecurring basis
Assets measured at fair value on a nonrecurring basis
Other real estate owned	$ 0	$ 0

Uncategorized Items - cpf-20210

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201613Member