Central Pacific Financial (CPF) 10-K 23 Feb 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2021	Jan. 31, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2021
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-31567
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, Postal Zip Code	96813
City Area Code	808
Local Phone Number	544-0500
Entity Address, State or Province	HI
Entity Registrant Name	Central Pacific Financial Corp.
Entity Central Index Key	0000701347
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		27,675,971
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 717,451,000
Title of 12(b) Security	Common Stock, No Par Value
Trading Symbol	CPF
Security Exchange Name	NYSE
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Portions of the registrant’s proxy statement for the 2022 annual meeting of shareholders are incorporated by reference into Part III of this annual report on Form 10-K to the extent stated herein. The proxy statement will be filed within 120 days after the end of the fiscal year covered by this annual report on Form 10-K.
Entity Filer Category	Large Accelerated Filer

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Auditor Information [Abstract]
Auditor Firm ID	173
Auditor Name	Crowe LLP
Auditor Location	Sacramento, California

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and due from financial institutions	$ 81,506	$ 97,546
Interest-bearing deposits in other financial institutions	247,401	6,521
Investment securities:
Available-for-sale debt securities, at fair value	1,631,699	1,182,609
Equity securities, at fair value	0	1,351
Total investment securities	1,631,699	1,183,960
Loans held for sale	3,531	16,687
Loans	5,101,649	4,964,113
Allowance for credit losses	(68,097)	(83,269)
Loans, net of allowance for credit losses	5,033,552	4,880,844
Premises and equipment, net	80,354	65,278
Accrued interest receivable	16,709	20,224
Investment in unconsolidated entities	29,679	29,968
Mortgage servicing rights, net	9,738	11,865
Bank-owned life insurance	169,148	163,161
Federal Home Loan Bank ("FHLB") stock	7,964	8,237
Right-of-use lease asset	39,441	45,857
Other assets	68,367	64,435
Total assets	7,419,089	6,594,583
Deposits:
Noninterest-bearing demand	2,291,246	1,790,269
Interest-bearing demand	1,415,277	1,174,888
Savings and money market	2,225,903	1,932,043
Time	706,732	898,918
Total deposits	6,639,158	5,796,118
FHLB advances and other short-term borrowings	0	22,000
Long-term debt	105,616	105,385
Lease liability	40,731	47,191
Other liabilities	75,317	77,156
Total liabilities	6,860,822	6,047,850
Equity:
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding none at: December 31, 2021, and December 31, 2020	0	0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,714,071 at December 31, 2021 and 28,183,340 at December 31, 2020	426,091	442,635
Additional paid-in capital	98,073	94,842
Retained earnings (accumulated deficit)	42,015	(10,920)
Accumulated other comprehensive (loss) income	(7,960)	20,128
Total shareholders' equity	558,219	546,685
Non-controlling interest	48	48
Total equity	558,267	546,733
Total liabilities and equity	$ 7,419,089	$ 6,594,583

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 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	27,714,071	28,183,340
Common stock, outstanding shares	27,714,071	28,183,340

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest income:
Interest and fees on loans	$ 193,778	$ 186,129	$ 182,657
Interest and dividends on investment securities:
Taxable investment securities	22,430	23,302	29,454
Tax-exempt investment securities	1,972	2,392	3,044
Dividend income on investment securities	75	69	63
Interest on deposits in other financial institutions	262	46	201
Dividend income on FHLB stock	245	480	964
Total interest income	218,762	212,418	216,383
Interest on deposits:
Demand	384	510	800
Savings and money market	1,240	2,416	5,100
Time	1,992	7,489	18,044
Interest on short-term borrowings	2	718	4,285
Interest on long-term debt	4,097	3,602	4,080
Total interest expense	7,715	14,735	32,309
Net interest income	211,047	197,683	184,074
Provision for credit losses	(14,591)	42,111	6,346
Net interest income after provision for credit losses	225,638	155,572	177,728
Other operating income:
Mortgage banking income	7,732	13,682	6,685
Service charges on deposit accounts	6,358	6,234	8,406
Other service charges and fees	18,367	14,867	15,113
Income from fiduciary activities	5,075	4,829	4,395
Income from bank-owned life insurance	3,493	3,803	3,105
Net gains (losses) on sales of investment securities	150	(201)	36
Other	1,885	1,984	4,061
Total other operating income	43,060	45,198	41,801
Other operating expense:
Salaries and employee benefits	90,213	83,848	80,877
Net occupancy	16,133	15,162	14,299
Legal and professional services	10,452	9,035	7,354
Computer software expense	13,304	12,717	10,812
Communication expense	3,271	3,225	3,551
Equipment	4,344	4,531	4,353
Advertising expense	5,495	3,791	2,661
Other	19,834	19,428	17,695
Total other operating expense	163,046	151,737	141,602
Income before income taxes	105,652	49,033	77,927
Income tax expense	25,758	11,760	19,605
Net income	$ 79,894	$ 37,273	$ 58,322
Per common share data:
Basic earnings per share (in dollars per share)	$ 2.85	$ 1.33	$ 2.05
Diluted earnings per share (in dollars per share)	2.83	1.32	2.03
Cash dividends declared (in dollars per share)	$ 0.96	$ 0.92	$ 0.90

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 79,894	$ 37,273	$ 58,322
Other comprehensive (loss) income, net of tax:
Net change in unrealized (loss) gain on investment securities	(30,317)	11,826	27,568
Defined benefit plans	2,229	(107)	34
Total other comprehensive (loss) income, net of tax	(28,088)	11,719	27,602
Comprehensive income	$ 51,806	$ 48,992	$ 85,924

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Impact of 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	Surplus	SurplusAdjusted balance at beginning of period	Accumulated Deficit	Accumulated DeficitImpact of adoption of new accounting standards	[2]	Accumulated DeficitAdjusted balance at beginning of period	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Impact of adoption of new accounting standards	[1]	Accumulated Other Comprehensive Income (Loss)Adjusted balance at beginning of period	Non-Controlling Interests	Non-Controlling InterestsAdjusted balance at beginning of period
Balance at Dec. 31, 2018	$ 491,725	$ (3,100)	[1]	$ 488,625			$ 470,660	$ 470,660	$ 88,876	$ 88,876	$ (51,718)			$ (51,718)	$ (16,093)	$ (3,100)		$ (19,193)	$ 0	$ 0
Balance (in shares) at Dec. 31, 2018					28,967,715	28,967,715
Increase (Decrease) in Shareholders' Equity
Net income	58,322										58,322
Other comprehensive income (loss)	27,602														27,602
Cash dividends	(25,706)										(25,706)
Common stock purchased by directors' deferred compensation plan	(416)						(416)
Common stock repurchased and other related costs (in shares)					(797,003)
Common stock repurchased and other related costs	(22,793)						(22,793)
Share-based compensation (in shares)					118,545
Share-based compensation expense	2,886						151		2,735
Balance at Dec. 31, 2019	528,520	$ (3,156)	[2]	$ 525,364			447,602	$ 447,602	91,611	$ 91,611	(19,102)	$ (3,156)		$ (22,258)	8,409			$ 8,409	0	$ 0
Balance (in shares) at Dec. 31, 2019					28,289,257
Increase (Decrease) in Shareholders' Equity
Outstanding adjusted shares (in shares)						28,289,257
Net income	37,273										37,273
Other comprehensive income (loss)	11,719														11,719
Cash dividends	(25,935)										(25,935)
Common stock purchased by directors' deferred compensation plan	(218)						(218)
Common stock repurchased and other related costs (in shares)					(206,802)
Common stock repurchased and other related costs	(4,749)						(4,749)
Share-based compensation (in shares)					100,885
Share-based compensation expense	3,231								3,231
Non-controlling interest	48																		48
Balance at Dec. 31, 2020	$ 546,733						442,635		94,842		(10,920)				20,128				48
Balance (in shares) at Dec. 31, 2020	28,183,340				28,183,340
Increase (Decrease) in Shareholders' Equity
Net income	$ 79,894										79,894
Other comprehensive income (loss)	(28,088)														(28,088)
Cash dividends	(26,959)										(26,959)
Common stock purchased by directors' deferred compensation plan	889						889
Common stock repurchased and other related costs (in shares)					(696,894)
Common stock repurchased and other related costs	(18,669)						(18,669)
Share-based compensation (in shares)					227,625
Share-based compensation expense	4,467						1,236		3,231
Non-controlling interest	0																		0
Balance at Dec. 31, 2021	$ 558,267						$ 426,091		$ 98,073		$ 42,015				$ (7,960)				$ 48
Balance (in shares) at Dec. 31, 2021	27,714,071				27,714,071
[1]	Represents the impact of the adoption of Accounting Standards Update ("ASU") ASU 2016-01.
[2]	Represents the impact of the adoption of ASU 2017-12.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.96	$ 0.92	$ 0.90
Common stock purchased by directors' deferred compensation plan (in shares)	(31,748)	14,600	16,950

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 79,894	$ 37,273	$ 58,322
Adjustments to reconcile net income to net cash provided by operating activities:
(Credit) provision for credit losses	(14,591)	42,111	6,346
Depreciation and amortization of premises and equipment	6,984	6,223	6,139
Loss on disposals of premises and equipment	101	839	0
Non-cash lease expense	2,262	1,051	284
Cash flows for operating leases	(6,533)	(6,371)	(6,230)
Amortization of mortgage servicing rights	3,468	6,167	2,460
Write down of other real estate, net of loss on sale	0	79	252
Net amortization and accretion of premium/discount on investment securities	9,176	9,905	9,271
Share-based compensation expense	3,231	3,231	2,735
Net (gain) loss on sales of investment securities	(150)	201	(36)
Net gain on sales of residential mortgage loans	(6,376)	(16,043)	(4,128)
Proceeds from sales of loans held for sale	166,144	418,381	207,686
Origination of loans held for sale	(146,612)	(409,942)	(205,994)
Equity in earnings of unconsolidated entities	(365)	(415)	(257)
Distributions from unconsolidated entities	480	330	246
Net increase in cash surrender value of bank-owned life insurance	(5,043)	(5,845)	(3,259)
Deferred income tax expense (benefit)	10,828	(13,087)	(3,965)
Net tax benefit (expense) from share-based compensation	200	(258)	253
Net change in other assets and liabilities	7,390	2,962	2,067
Net cash provided by operating activities	110,488	76,792	72,192
Cash flows from investing activities:
Proceeds from maturities of and calls on available-for-sale investment securities	291,734	351,180	252,079
Proceeds from sales of available-for-sale and equity investment securities	281,191	180,103
Proceeds from sales of available-for-sale and equity investment securities			53,935
Purchases of available-for-sale investment securities	(1,071,360)	(581,008)
Purchases of available-for-sale investment securities			(55,011)
Redemption of MasterCard Class B common stock	0	0	2,555
Loan payments (originations), net	128,595	(479,619)	(237,493)
Purchases of loan portfolios	(266,712)	(53,158)	(140,085)
Proceeds from sales of loans originated for investment	0	10,691	0
Proceeds from sales of foreclosed loans and other real estate	0	213	140
Payment to Acquire Life Insurance Policy, Investing Activities	(3,550)	0	0
Proceeds from bank-owned life insurance death benefits	2,606	2,340	1,043
Purchases of premises and equipment	(22,161)	(25,997)	(7,197)
Distributions from unconsolidated entities	0	0	622
Contributions to unconsolidated entities	(2,912)	(8,437)	(1,222)
Proceeds from redemption of FHLB stock	273	6,746	1,662
Net cash used in investing activities	(662,296)	(596,946)	(128,972)
Cash flows from financing activities:
Net increase in deposits	843,040	676,095	173,533
Proceeds from long-term debt	0	119,782	0
Repayments of long-term debt	0	115,944	20,619
Net decrease in FHLB advances and other short-term borrowings	(22,000)	(128,000)	(47,000)
Cash dividends paid on common stock	(26,959)	(25,935)	(25,706)
Repurchases of common stock	(18,669)	(4,749)	(22,793)
Net proceeds from issuance of common stock and stock option exercises	1,236	0	151
Net cash provided by financing activities	776,648	521,249	57,566
Net increase in cash and cash equivalents	224,840	1,095	786
Cash and cash equivalents:
At beginning of year	104,067	102,972	102,186
At end of year	328,907	104,067	102,972
Cash paid during the year for:
Interest	8,320	17,296	33,072
Income taxes	22,678	20,044	24,101
Supplemental non-cash disclosures:
Net change in common stock held by directors' deferred compensation plan	(889)	218	416
Net reclassification of loans to foreclosed loans and other real estate	0	128	142
Net transfer of portfolio loans to loans held for sale	0	6,565	0
Net transfer of investment securities from held-to-maturity to available-for-sale	0	0	(149,042)
Right-of-use lease assets obtained in exchange for lease liabilities	$ 0	$ 0	$ 56,779

RESERVE REQUIREMENTS

RESERVE REQUIREMENTS	12 Months Ended
	Dec. 31, 2021
Banking and Thrift, Other Disclosures [Abstract]
RESERVE REQUIREMENTS	2. RESERVE REQUIREMENTS On March 15, 2020, the Federal Reserve Board announced a reduction in the reserve requirement ratios on deposits to zero percent effective March 26, 2020 to support lending activity. As a result, the bank is no longer required to hold reserves on deposits. Cash and additional balances held by our bank at the Federal Reserve Bank of San Francisco at December 31, 2021 and 2020 were $71.1 million and $80.7 million, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business Central Pacific Financial Corp. is a bank holding company. Our principal operating subsidiary, Central Pacific Bank, is a full-service commercial bank with 30 branches and 69 ATMs located throughout the state of Hawaii. The bank engages in a broad range of lending activities including originating commercial loans, commercial and residential mortgage loans, home equity loans and consumer loans. The bank also offers a variety of deposit products and services. These include personal and business checking and savings accounts, money market accounts and time certificates of deposit. Other products and services include debit cards, internet banking, mobile banking, cash management services, full-service ATMs, safe deposit boxes, international banking services, night depository facilities, foreign exchange and wire transfers. Wealth management products and services include non-deposit investment products, annuities, insurance, investment management, asset custody and general consultation and planning services. When we refer to "the Company," "we," "us" or "our," we mean Central Pacific Financial Corp. and Subsidiaries (consolidated). When we refer to "Central Pacific Financial Corp." or to the holding company, we are referring to the parent company on a standalone basis. When we refer to "our bank" or "the bank," we mean "Central Pacific Bank." The banking business depends on rate differentials, the difference between the interest rates paid on deposits and other borrowings and the interest rates received on loans extended to customers and investment securities held in our portfolio. These rates are highly sensitive to many factors that are beyond our control. Accordingly, the earnings and growth of the Company are subject to the influence of domestic and foreign economic conditions, including inflation, recession and unemployment. Operating Segments Operations, resource allocation and financial performance are managed by the Company's Executive Committee, or its chief operating decision maker ("CODM"), on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable segment. 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, shareholders' equity and the consolidated balance sheets. 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 also 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 have 50% ownership interests in three other mortgage loan origination and brokerage companies which are accounted for using the equity method and are included in investment in unconsolidated entities: Gentry HomeLoans, LLC, Haseko HomeLoans, LLC and Island Pacific HomeLoans, LLC. We have low income housing tax credit partnership investments that are accounted for under the proportional amortization method and are included in investment in unconsolidated entities. During the second quarter of 2021, the Company invested $2.0 million in the JAM FINTOP Banktech Fund, L.P., an investment fund designed to help develop and accelerate technology adoption at community banks across the United States. The investment is accounted for under the cost method and is also included in investment in unconsolidated entities. We also have other non-controlling equity investments in affiliates that are accounted for under the cost method and are also included in investment in unconsolidated entities. Our investments in unconsolidated entities accounted for under the equity, proportional amortization and cost methods were $0.2 million, $25.9 million and $3.6 million, respectively, at December 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 The ongoing novel coronavirus disease ("COVID-19") pandemic caused significant disruption in the local, national and global economies and financial markets in 2020. While the economy appears to be on a track for recovery and most COVID-19 related restrictions have been lifted, continuation and worsening of COVID-19 could cause reductions in business activity and financial transactions, labor shortages, supply chain interruptions and overall economic and financial market instability. Such events 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 derivatives. Use of Estimates The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United States ("GAAP") requires management to make estimates and assumptions that reflect the reported amounts of assets and liabilities and disclosures of contingent assets and contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance and provision for credit losses, reserve for credit losses on off-balance sheet credit exposures, deferred income tax assets and income tax expense, valuation of investment securities, mortgage servicing rights and the related amortization thereon, pension liability and the fair value of certain financial instruments. Cash and Cash Equivalents Cash and cash equivalents include cash and due from financial institutions, interest-bearing deposits in other financial institutions, federal funds sold and all highly liquid investments with maturities of three months or less at the time of purchase. Net cash flows are reported for customer loan and deposit transactions, interest-bearing deposits in other financial institutions, and federal funds purchased and repurchase agreements. 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 December 31, 2021 and the Company did not reverse any accrued interest against interest income during the year ended December 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 (credit) for 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 December 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 $4.6 million and $3.9 million as of December 31, 2021 and 2020, respectively. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. Loans Held for Sale Loans held for sale consists of the following two types: (1) Hawaii residential mortgage loans that are originated with the intent to sell them in the secondary market and (2) non-residential mortgage loans in both Hawaii and the U.S. Mainland that were originated with the intent to be held in our portfolio but were subsequently transferred to the held for sale category. Hawaii residential mortgage loans classified as held for sale are carried at the lower of cost or fair value on an aggregate basis, while the non-residential Hawaii and U.S. Mainland loans are recorded at the lower of cost or fair value on an individual basis. Net fees and costs associated with originating and acquiring the Hawaii residential mortgage loans held for sale are deferred and included in the basis for determining the gain or loss on sales of loans held for sale. We report the fair values of the non-residential mortgage loans classified as held for sale net of applicable selling costs on our consolidated balance sheets. Loans originated with the intent to be held in our portfolio are subsequently transferred to held for sale when our intent to hold for the foreseeable future has changed. At the time of a loan's transfer to the held for sale account, the loan is recorded at the lower of cost or fair value. Any reduction in the loan's value is reflected as a write-down of the recorded investment resulting in a new cost basis, with a corresponding reduction in the allowance for credit losses. In subsequent periods, if the fair value of a loan classified as held for sale is less than its cost basis, a valuation adjustment is recognized in our consolidated statement of income in other operating expense and the carrying value of the loan is adjusted accordingly. The valuation adjustment may be recovered in the event that the fair value increases, which is also recognized in our consolidated statement of income in other operating expense. 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. Collateral values are determined based on appraisals received from qualified valuation professionals and are obtained periodically or when indicators that property values may be impaired are present. We sell residential mortgage loans under industry standard contractual provisions that include various representations and warranties, which typically cover ownership of the loan, compliance with loan criteria set forth in the applicable agreement, validity of the lien securing the loan, and other similar matters. We may be required to repurchase certain loans sold with identified defects, indemnify the investor, or reimburse the investor for any credit losses incurred. Our repurchase risk generally relates to early payment defaults and borrower fraud. We establish residential mortgage repurchase reserves to reflect this risk based on our estimate of losses after considering a combination of factors, including our estimate of future repurchase activity and our projection of estimated credit losses resulting from repurchased loans. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost, net of the ACL. Amortized cost is the unpaid principal amount outstanding, net of unamortized purchase premiums and discounts, unamortized deferred loan origination fees and costs and cumulative principal charge-offs. Purchase premiums and discounts are generally amortized into interest income over the contractual terms of the underlying loans using the effective interest method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the life of the related loan as an adjustment to yield and are amortized using the interest method over the contractual term of the loan, adjusted for actual prepayments. Deferred loan fees and costs on loans paid in full are recognized as a component of interest income on loans. Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $12.1 million and $16.2 million at December 31, 2021 and 2020, respectively, and is reported together with accrued interest on AFS debt securities on the consolidated balance sheets. Upon adoption of Accounting Standards Update ("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 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. Due to the significant decline in loans on active forbearance or deferral, the Company reversed the $0.2 million reserve during the second quarter of 2021 and no longer has a reserve on accrued interest receivable as of December 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. Commercial, scored small business, automobile and other consumer 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. Residential mortgage and home equity loans, are generally placed on nonaccrual status when principal and/or interest payments are 120 days past due, or earlier should management determine that the borrowers will be unable to meet contractual principal and/or interest obligations, unless the loans are well-secured and in the process of collection. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income should management determine that the collectability of such accrued interest is doubtful. All subsequent receipts are applied to principal outstanding and no interest income is recognized unless the financial condition and payment record of the borrowers warrant such recognition and the loan is restored to accrual status. A nonaccrual loan may be restored to an accrual basis when principal and interest payments are current for a predetermined period, normally at least six months, and full payment of principal and interest is reasonably assured. Troubled Debt Restructuring (“TDR”) A loan is accounted for and reported as a TDR when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) the Company grants a concession to the borrower experiencing financial difficulty that it would not otherwise consider for a borrower or transaction with similar credit risk characteristics. A restructuring that results in only an insignificant delay in payment is not considered a concession. A delay may be considered insignificant if the payments subject to the delay are insignificant relative to the unpaid principal or collateral value and the contractual amount due, or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the debt’s original contractual maturity or original expected duration. TDRs that are performing and on accrual status as of the date of the modification remain on accrual status. TDRs that are nonperforming as of the date of modification generally remain as nonaccrual until the prospect of future payments in accordance with the modified loan agreement is reasonably assured, generally demonstrated when the borrower maintains compliance with the restructured terms for a predetermined period, normally at least six months. TDRs with temporary below-market concessions remain designated as a TDR regardless of the accrual or performance status until the loan is paid off. Expected credit losses are estimated on a collective (pool) basis when they share similar risk characteristics. If a TDR financial asset shares similar risk characteristics with other financial assets, it is evaluated with those other financial assets on a collective basis. If it does not share similar risk characteristics with other financial assets, it is evaluated individually. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed TDRs are evaluated to determine the required ACL using the same method as all other loans held for investment, except when the value of a concession cannot be measured using a method other than the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest rate of the loan. Based on the underlying risk characteristics, TDRs performing in accordance with their modified contractual terms may be collectively evaluated. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the COVID-19 pandemic and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the CARES Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as TDRs. The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. Section 4013 and the interagency guidance are being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. 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 and actions taken by governmental authorities and other third parties in response to the pandemic . ACL for Loans Under the current expected credit loss methodology, the ACL for loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Our policy is to charge off a loan in the period in which the loan is deemed to be uncollectible and all interest previously accrued but not collected is reversed against current period interest income. We consider a loan to be uncollectible when it is probable that a loss has been incurred and the Company can make a reasonable estimate of the loss. In these instances, the likelihood of and/or timeframe for recovery of the amount due is uncertain, weak, or protracted. Subsequent receipts, if any, are credited first to the remaining principal, then to the ACL for loans as recoveries, and finally to unaccrued interest. The ACL for loans represents management's estimate of all expected credit losses over the expected life of our existing loan portfolio. Management estimates the ACL balance using relevant available information about the collectability of cash flows, from internal and external sources, including historical information relating to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. When the Company is unable to forecast future economic events, management may revert to historical information. The Company's methodologies incorporate a reasonable and supportable forecast period of one year and revert to historical loss information on a straight-line basis over one year when its forecast is no longer deemed reasonable and supportable. The Company maintains an ACL at an appropriate level as of a given balance sheet date to absorb management’s best estimate of expected life of loan credit losses. Historical credit loss experience provides the basis for the Company’s expected credit loss estimate. Adjustments to historical loss information may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, or when historical asset terms do not reflect the contractual terms of the financial assets being evaluated. The ACL methodology may also consider other adjustments to address changes in conditions, trends, and circumstances such as local industry changes that could have a significant impact on the risk profile of the loan portfolio and provide for losses in the loan portfolio that may not be reflected and/or captured in the historical loss data. These factors include: lending policies, imprecision in forecasting future economic conditions, loan profile, lending staff, problem loan trends, loan review, collateral, credit concentration and other internal and external factors. The Company uses the Moody’s Analytics Baseline forecast for its economic forecast consideration. 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. For all segments the economic forecast length is one year and reversion method is one year. 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 PD/LGD 2008-Present Multi-family mortgage PD/LGD 2008-Present Commercial, financial and agricultural PD/LGD 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, th

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES A summary of our available-for-sale investment securities as of December 31, 2021 and 2020 are as follows: (Dollars in thousands) Amortized Gross Gross Fair December 31, 2021 Available-for-Sale: Debt securities: States and political subdivisions $ 235,521 $ 3,156 $ (1,849) $ 236,828 Corporate securities 41,687 24 (1,065) 40,646 U.S. Treasury obligations and direct obligations of U.S Government agencies 35,833 69 (568) 35,334 Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 1,213,910 4,899 (19,993) 1,198,816 Residential - Non-government sponsored entities ("Non-GSEs") 11,942 335 (64) 12,213 Commercial - U.S. GSEs and agencies 66,287 756 (1,194) 65,849 Commercial - Non-GSEs 41,328 685 — 42,013 Total available-for-sale investment securities $ 1,646,508 $ 9,924 $ (24,733) $ 1,631,699 Equity securities $ — $ — $ — $ — (Dollars in thousands) Amortized Gross Gross Fair 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. GSEs 762,309 16,816 (299) 778,826 Residential - Non-GSEs 22,671 786 (34) 23,423 Commercial - U.S. GSEs and agencies 85,405 2,564 (500) 87,469 Commercial - Non-GSEs 41,309 1,663 — 42,972 Total available-for-sale investment securities $ 1,156,031 $ 28,005 $ (1,427) $ 1,182,609 Equity securities $ 1,068 $ 283 $ — $ 1,351 The amortized cost and fair value of our equity investment securities is as follows: (Dollars in thousands) Amortized Cost Fair Value December 31, 2021 Equity securities $ — $ — December 31, 2020 Equity securities 1,068 1,351 The amortized cost and estimated fair value of our investment securities at December 31, 2021 by contractual maturity are shown below. Actual maturities may differ from contractual maturities as issuers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. December 31, 2021 (Dollars in thousands) Amortized Cost Fair Value Available-for-Sale: Due in one year or less $ 18,958 $ 19,002 Due after one year through five years 21,579 22,190 Due after five years through ten years 84,715 84,411 Due after ten years 187,789 187,205 Mortgage-backed securities Residential - U.S. GSEs 1,213,910 1,198,816 Residential - Non-GSEs 11,942 12,213 Commercial - U.S. GSEs and agencies 66,287 65,849 Commercial - Non-GSEs 41,328 42,013 Total available-for-sale investment securities $ 1,646,508 $ 1,631,699 Equity securities $ — $ — In 2021, proceeds from the sale of available-for-sale investment securities were $279.5 million and resulted in a net realized gain of $0.2 million. Gross realized gains and losses on the sale of available-for-sale investment securities totaled $3.4 million and $3.2 million, respectively. In 2021, proceeds from the sale of equity investment securities were $1.7 million. In 2020, proceeds from the sale of available-for-sale investment securities were $180.1 million and resulted in a net realized loss of $0.2 million. Gross realized losses and gains on the sale of available-for-sale investment securities totaled $0.9 million and $0.7 million, respectively. In 2019, proceeds from the sale of available-for-sale investment securities were $53.9 million and resulted in a net realized gain of $36 thousand. Gross realized gains and losses on the sale of available-for-sale investment securities totaled $83 thousand and $47 thousand, respectively. Investment securities of $455.8 million and $483.6 million at December 31, 2021 and 2020, respectively, were pledged to secure public funds on deposit and other long-term and short-term borrowings. At December 31, 2021 and 2020, there were no holdings of 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 153 and 37 securities in an unrealized or unrecognized loss position at December 31, 2021 and 2020, respectively. The following table summarizes securities which were in an unrealized or unrecognized loss position at December 31, 2021 and 2020, aggregated by major security type and length of time in a continuous unrealized or unrecognized loss position: Less Than 12 Months 12 Months or Longer Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) December 31, 2021 Debt securities: States and political subdivisions $ 79,360 $ (1,252) $ 10,864 $ (597) $ 90,224 $ (1,849) Corporate securities 8,633 (235) 21,960 (830) 30,593 (1,065) U.S. Treasury obligations and direct obligations of U.S Government agencies 16,103 (415) 10,891 (153) 26,994 (568) Mortgage-backed securities: Residential - U.S. GSEs 926,570 (15,883) 114,747 (4,110) 1,041,317 (19,993) Residential - Non-GSEs — — 938 (64) 938 (64) Commercial - U.S. GSEs and agencies 6,313 (205) 16,281 (989) 22,594 (1,194) Total temporarily impaired securities $ 1,036,979 $ (17,990) $ 175,681 $ (6,743) $ 1,212,660 $ (24,733) Less Than 12 Months 12 Months or Longer Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) December 31, 2020 Debt securities: States and political subdivisions $ 21,313 $ (177) $ — $ — $ 21,313 $ (177) 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. GSEs 76,402 (299) — — 76,402 (299) Residential - Non-GSEs 989 (34) — — 989 (34) Commercial - U.S. GSEs and agencies 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 and MasterCard Class B Common Stock As of December 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. During the first quarter of 2019, the Company converted the 11,170 shares of Class B common stock of MasterCard, Inc. ("MasterCard") it received during their initial public offering to an equal number of Class A common stock and sold the shares for $2.6 million. The shares were carried on the Company's consolidated balance sheets at zero cost basis and the proceeds received were recorded as a gain in other operating income - other in the Company's consolidated statements of income. The Company no longer owns any shares of MasterCard Class B common stock.

LOANS AND LEASES

LOANS AND LEASES	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
LOANS AND LEASES	4. LOANS Loans, excluding loans held for sale, net of ACL under ASC 326 as of December 31, 2021 and December 31, 2020 consisted of the following: December 31, (Dollars in thousands) 2021 2020 Commercial, financial and agricultural: Small Business Administration Paycheck Protection Program ("SBA PPP") $ 94,850 $ 425,993 Other 530,383 545,136 Real estate: Construction 123,351 125,625 Residential mortgage 1,875,200 1,687,251 Home equity 635,721 550,216 Commercial mortgage 1,222,138 1,158,203 Consumer 624,115 479,580 Subtotal 5,105,758 4,972,004 Net deferred fees (4,109) (7,891) Total loans $ 5,101,649 $ 4,964,113 There are different types of risk characteristics for the loans in each portfolio segment. The construction and real estate segment's predominant risk characteristics are the collateral and the geographic location of the property collateralizing the loan, as well as the operating cash flow for the commercial real estate properties. The commercial, financial and agricultural segment's predominant risk characteristics are the cash flows of the business we lend to, the global cash flows and liquidity of the guarantors of such losses, as well as economic and market conditions. The consumer segment's predominant risk characteristics are employment and income levels as they relate to the consumer. 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 The 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 $558.9 million and received gross processing fees of $21.2 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 2021, the Company funded over 4,600 loans totaling $320.9 million in the third round, which ended on May 31, 2021, and received additional gross processing fees of $18.4 million. The Company received forgiveness payments from the SBA and repayments from borrowers totaling $784.9 million as of December 31, 2021. A total outstanding balance of $94.9 million and net deferred fees of $3.5 million as of December 31, 2021. Although the Company believes that the majority of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program, there could be risks and liabilities by the Company that cannot be determined at this time . We did not transfer any loans to the held-for-sale category during the year ended December 31, 2021. We transferred three loans totaling $6.6 million to the held-for-sale category during the year ended December 31, 2020, which were sold at a loss of less than $0.1 million. The Company has purchased loan portfolios, none of which were credit deteriorated at the time of purchase. The following table presents loan purchases by class for the periods presented: (Dollars in thousands) Consumer - Unsecured Consumer - Automobile Total Year Ended December 31, 2021 Purchases: Outstanding balance $ 199,813 $ 71,432 $ 271,245 Purchase (discount) premium (9,613) 5,080 (4,533) Purchase price $ 190,200 $ 76,512 $ 266,712 Year Ended December 31, 2020 Purchases: Outstanding balance $ 54,777 $ — $ 54,777 Purchase discount (1,619) — (1,619) Purchase price $ 53,158 $ — $ 53,158 In the normal course of business, our bank makes loans to certain directors, executive officers and their affiliates. These loans are made in the ordinary course of business at normal credit terms. As of December 31, 2021 and December 31, 2020, related party loan balances were $36.4 million and $42.3 million, respectively. 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 December 31, 2021 and December 31, 2020: December 31, 2021 (Dollars in thousands) Secured by Secured by Secured by Total Allocated Commercial, financial and agricultural - Other $ — $ — $ — $ — $ — Real estate: Residential mortgage 8,391 — — 8,391 — Home equity 786 — — 786 — Commercial mortgage — — — — — Total $ 9,177 $ — $ — $ 9,177 $ — December 31, 2020 (Dollars in thousands) Secured by Secured by Secured by Total Allocated Commercial, financial and agricultural - Other $ — $ — $ 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 $0.7 million and $1.6 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at December 31, 2021 and 2020, respectively. During the year ended December 31, 2021, we did not foreclose on any loans. During the year ended December 31, 2020, we foreclosed on one portfolio loan with a carrying value of $0.1 million and had no gain or loss on the transfer. We did not sell any foreclosed properties during the year ended December 31, 2021. We sold two foreclosed properties totaling $0.2 million during the year ended December 31, 2020 at a loss of $15 thousand. 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 December 31, 2021 and 2020: December 31, 2021 (Dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual Loans with No ACL Commercial, financial and agricultural: SBA PPP $ — $ — $ — $ — $ — $ 91,327 $ 91,327 $ — Other 970 604 945 183 2,702 527,419 530,121 — Real estate: Construction 638 — — — 638 122,229 122,867 — Residential mortgage 5,315 — — 4,623 9,938 1,866,042 1,875,980 4,623 Home equity 234 — 44 786 1,064 636,185 637,249 786 Commercial mortgage — — — — — 1,220,204 1,220,204 — Consumer 2,444 712 374 289 3,819 620,082 623,901 — Total $ 9,601 $ 1,316 $ 1,363 $ 5,881 $ 18,161 $ 5,083,488 $ 5,101,649 $ 5,409 December 31, 2020 (Dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual Loans with No ACL 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 Interest income totaling $0.8 million, $0.4 million, and $3.1 million was recognized on nonaccrual loans, including loans held for sale, in 2021, 2020 and 2019, respectively. Additional interest income of $0.3 million, $0.2 million, and $0.3 million would have been recognized in 2021, 2020 and 2019, respectively, had these loans been accruing interest throughout those periods. Additionally, interest income of $0.3 million, $0.2 million, and $0.3 million was collected and recognized on charged-off loans in 2021, 2020 and 2019, respectively. 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. Modifications TDRs included in nonperforming assets at December 31, 2021 consisted of four Hawaii residential mortgage loans with a combined principal balance of $0.4 million. At December 31, 2020, TDRs included in nonperforming assets consisted of two loans with a principal balance of $0.3 million. There were $4.9 million of TDRs still accruing interest at December 31, 2021, none of which were more than 90 days delinquent. At December 31, 2020, there were $7.8 million of TDRs still accruing interest, none of which were more than 90 days delinquent. The Company offers various types of concessions when modifying a loan. Concessions made to the original contractual terms of the loan typically consists of the deferral of interest and/or principal payments due to deterioration in the borrowers' financial condition. In these cases, the principal balance on the TDR had matured and/or was in default at the time of restructure, and there were no commitments to lend additional funds to the borrower during the year ended December 31, 2021 and 2020. The loans modified in a TDR did not have a material effect on our Provision and ACL during the years ended December 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 as of December 31, 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 $0.4 million and $120.2 million resulting from the COVID-19 pandemic as of December 31, 2021 and 2020, respectively of which $0.4 million and $119.3 million were not classified as a TDR under the CARES Act or the "Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)" . The following table presents by class, information related to loans modified in a TDR during the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 48 $ — Total 1 $ 48 $ — Year Ended December 31, 2020 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 677 $ — Real estate: Commercial mortgage 1 276 — Consumer 11 207 — Total 13 $ 1,160 $ — Year Ended December 31, 2019 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 104 $ — Total 1 $ 104 $ — No loans were modified as a TDR within the previous twelve months that subsequently defaulted during the years ended December 31, 2021, 2020 and 2019. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans by credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk rating of loans. Loans not meeting the following criteria that are analyzed individually as part of the described process are considered to be pass-rated loans. Special Mention. Loans classified as special mention, while still adequately protected by the borrower's capital adequacy and payment capability, exhibit distinct weakening trends and/or elevated levels of exposure to external conditions. If left unchecked or uncorrected, these potential weaknesses may result in deteriorated prospects of repayment. These exposures require management's close attention so as to avoid becoming undue or unwarranted credit exposures. Substandard. Loans classified as substandard are inadequately protected by the borrower's current financial condition and payment capability or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the orderly repayment of debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or orderly repayment in full, on the basis of current existing facts, conditions and values, highly questionable and improbable. Possibility of loss is extremely high, but because of certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure, its classification as an estimate 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. Loans not meeting the criteria above are considered to be pass rated loans. The following table presents the amortized cost basis, net of deferred (fees) costs of the Company's loans by class, credit quality indicator and origination year as of December 31, 2021. Revolving loans converted to term as of and during the year ended ended December 31, 2021 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 December 31, 2021 Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ 84,254 $ 7,073 $ — $ — $ — $ — $ — $ 91,327 Subtotal 84,254 7,073 — — — — — 91,327 Commercial, financial and agricultural - Other: Risk Rating Pass 122,729 68,021 56,531 52,375 31,817 93,957 79,131 504,561 Special Mention 1,441 1,278 2,443 96 8,671 354 — 14,283 Substandard — 982 393 682 6,623 1,847 750 11,277 Subtotal 124,170 70,281 59,367 53,153 47,111 96,158 79,881 530,121 Construction: Risk Rating Pass 35,236 25,430 3,196 28,333 288 20,090 9,376 121,949 Substandard — — — 918 — — — 918 Subtotal 35,236 25,430 3,196 29,251 288 20,090 9,376 122,867 Residential mortgage: Risk Rating Pass 670,011 478,891 180,687 75,820 92,394 372,539 42 1,870,384 Special Mention — 973 — — — — — 973 Substandard — — — 577 881 3,165 — 4,623 Subtotal 670,011 479,864 180,687 76,397 93,275 375,704 42 1,875,980 Home equity: Risk Rating Pass 26,479 13,008 10,329 10,593 480 7,743 567,600 636,232 Special Mention — — — — — — 187 187 Substandard — 176 — 79 — 575 — 830 Subtotal 26,479 13,184 10,329 10,672 480 8,318 567,787 637,249 Commercial mortgage: Risk Rating Pass 229,108 126,169 146,584 126,014 153,041 387,751 9,472 1,178,139 Special Mention — — 3,106 3,219 283 9,455 — 16,063 Substandard — — 1,760 8,050 1,784 14,408 — 26,002 Subtotal 229,108 126,169 151,450 137,283 155,108 411,614 9,472 1,220,204 Consumer: Risk Rating Pass 308,326 96,066 91,194 41,995 20,719 9,446 55,311 623,057 Special Mention — — 181 — 10 7 — 198 Substandard 10 35 128 80 19 221 — 493 Loss — — — — — 153 — 153 Subtotal 308,336 96,101 91,503 42,075 20,748 9,827 55,311 623,901 Total $ 1,477,594 $ 818,102 $ 496,532 $ 348,831 $ 317,010 $ 921,711 $ 721,869 $ 5,101,649 The following tables present by class and credit indicator, the recorded investment in the Company's loans as of December 31, 2021 and 2020: (Dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Deferred (Fees) Costs Total December 31, 2021 Commercial, financial and agricultural: SBA PPP $ 94,850 $ — $ — $ — $ 94,850 $ (3,523) $ 91,327 Other 504,823 14,283 11,277 — 530,383 (262) 530,121 Real estate: Construction 122,433 — 918 — 123,351 (484) 122,867 Residential mortgage 1,869,604 973 4,623 — 1,875,200 780 1,875,980 Home equity 634,704 187 830 — 635,721 1,528 637,249 Commercial mortgage 1,180,074 16,062 26,002 — 1,222,138 (1,934) 1,220,204 Consumer 623,271 181 510 153 624,115 (214) 623,901 Total $ 5,029,759 $ 31,686 $ 44,160 $ 153 $ 5,105,758 $ (4,109) $ 5,101,649 (Dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Deferred (Fees) Costs Total December 31, 2020 Commercial, financial and agricultural: SBA PPP $ 425,993 $ — $ — $ — $ 425,993 $ (9,618) $ 416,375 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 LOAN AND LEASE LO

ALLOWANCE FOR LOAN AND LEASE LOSSES	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
ALLOWANCE FOR LOAN AND LEASE LOSSES	5. ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES The following tables present by class, the activity in the ACL for loans under ASC 326 during the years ended December 31, 2021 and 2020 and under previous GAAP during the year ended December 31, 2019: Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2021 Beginning balance $ 304 $ 18,717 $ 4,277 $ 16,484 $ 5,449 $ 22,163 $ 15,875 $ 83,269 (Credit) provision for credit losses on loans [1] (227) (7,684) (1,528) (4,379) (949) (3,825) 4,269 (14,323) Subtotal 77 11,033 2,749 12,105 4,500 18,338 20,144 68,946 Charge-offs — 1,723 — — — — 4,402 6,125 Recoveries — 1,004 1,159 358 9 73 2,673 5,276 Net charge-offs (recoveries) — 719 (1,159) (358) (9) (73) 1,729 849 Ending balance $ 77 $ 10,314 $ 3,908 $ 12,463 $ 4,509 $ 18,411 $ 18,415 $ 68,097 Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2020 Beginning balance $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 Impact of adoption of ASC 326 — (627) 479 608 (1,614) 2,624 2,096 3,566 Balance after adoption of ASC 326 — 7,509 2,271 13,935 2,592 13,737 11,493 51,537 Provision for credit losses on loans [1] 304 13,077 1,875 2,383 2,824 8,485 9,982 38,930 Subtotal 304 20,586 4,146 16,318 5,416 22,222 21,475 90,467 Charge-offs — 3,026 — 63 — 75 8,191 11,355 Recoveries — 1,157 131 229 33 16 2,591 4,157 Net charge-offs (recoveries) — 1,869 (131) (166) (33) 59 5,600 7,198 Ending balance $ 304 $ 18,717 $ 4,277 $ 16,484 $ 5,449 $ 22,163 $ 15,875 $ 83,269 Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2019 Beginning balance $ — $ 8,027 $ 1,202 $ 14,349 $ 3,788 $ 13,358 $ 7,192 $ 47,916 Provision (credit) for credit losses on loans — 1,413 (20) (1,546) 381 (2,270) 8,359 6,317 Subtotal — 9,440 1,182 12,803 4,169 11,088 15,551 54,233 Charge-offs — 2,478 — — 5 — 8,265 10,748 Recoveries — 1,174 610 524 42 25 2,111 4,486 Net charge-offs — 1,304 (610) (524) (37) (25) 6,154 6,262 Ending balance $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 [1] In 2020, the Company recorded a reserve on accrued interest receivable for loans on active payment forbearance or deferral, which were granted to borrowers impacted by the COVID-19 pandemic. This reserve was recorded as a contra-asset against accrued interest receivable with the offset to provision for credit losses. Due to the significant decline in loans on active forbearance or deferral, the Company reversed the $0.2 million reserve during the second quarter of 2021 and no longer has a reserve on accrued interest receivable.as of December 31, 2021. The provision for credit losses presented in this table excludes the provision (credit) for credit losses on accrued interest receivable of $0.2 million. The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, under ASC 326 during the years ended December 31, 2021 and 2020 and under previous GAAP during the year ended December 31, 2019. Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Balance, beginning of year $ 4,884 $ 1,272 $ 1,243 Impact of adoption of ASC 326 — 740 — Balance after adoption of ASC 326 4,884 2,012 1,243 (Credit) provision for off-balance sheet credit exposures (80) 2,872 29 Balance, end of year $ 4,804 $ 4,884 $ 1,272 In accordance with GAAP, loans held for sale and other real estate assets are not included in our assessment of the ACL. In determining the amount of our ACL, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions, as well as regulatory requirements and input. If our assumptions prove to be incorrect, our current ACL may not be sufficient to cover future credit losses and we may experience significant increases to our Provision.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	6. PREMISES AND EQUIPMENT Premises and equipment consisted of the following as of December 31, 2021 and 2020: December 31, (Dollars in thousands) 2021 2020 Land $ 14,184 $ 11,616 Office buildings and improvements 141,628 125,132 Furniture, fixtures and equipment 35,515 37,839 Gross premises and equipment 191,327 174,587 Accumulated depreciation and amortization (110,973) (109,309) Net premises and equipment $ 80,354 $ 65,278 Depreciation and amortization of premises and equipment were charged to the following operating expenses: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Net occupancy $ 4,570 $ 3,616 $ 3,401 Equipment 2,414 2,607 2,738 Total $ 6,984 $ 6,223 $ 6,139

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	12 Months Ended
	Dec. 31, 2021
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	7. INVESTMENTS IN UNCONSOLIDATED ENTITIES Investments in unconsolidated entities as of December 31, 2021 and 2020 consisted of the following components: December 31, (Dollars in thousands) 2021 2020 Investments in low income housing tax credit partnerships $ 25,916 $ 28,090 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 162 277 Other 2,054 54 Total $ 29,679 $ 29,968 During the second quarter of 2021, the Company invested $2.0 million in the JAM FINTOP Banktech Fund, L.P., an investment fund designed to help develop and accelerate technology adoption at community banks across the United States. The investment is accounted for under the cost method and is included in investment in unconsolidated entities. As of December 31, 2021, the Company had an unfunded commitments of $1.7 million related to the investment, which is expected to be paid in 2022 and is recorded in other liabilities in the Company's consolidated balance sheets. The Company invests in low income housing tax credit ("LIHTC") partnerships. As of December 31, 2021 and 2020, the Company had $14.3 million and $17.2 million, respectively, in unfunded commitments related to the LIHTC partnerships, which is recorded in other liabilities in the Company's consolidated balance sheets. The expected payments for the unfunded commitments related to the LIHTC partnerships as of December 31, 2021 are as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 14,190 2023 10 2024 26 2025 6 2026 6 Thereafter 37 Total commitments $ 14,275 The following table presents amortization expense and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Proportional amortization method: Amortization expense recognized in income tax expense $ 2,174 $ 1,391 $ 681 Federal and state tax credits recognized in income tax expense 2,373 1,599 803

CORE DEPOSIT PREMIUM AND MORTGA

CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS	8. MORTGAGE SERVICING RIGHTS The following table presents changes in our mortgage servicing rights for the periods presented: (Dollars in thousands) Mortgage Balance as of December 31, 2018 $ 15,596 Additions 1,582 Amortization (2,460) Balance as of December 31, 2019 14,718 Additions 3,314 Amortization (6,167) Balance as of December 31, 2020 11,865 Additions 1,341 Amortization (3,468) Balance as of December 31, 2021 $ 9,738 The gross carrying value, accumulated amortization, and net carrying value related to our mortgage servicing rights as of December 31, 2021 and 2020 are presented below: December 31, 2021 December 31, 2020 (Dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 72,250 $ (62,512) $ 9,738 $ 70,909 $ (59,044) $ 11,865 Based on our mortgage servicing rights held as of December 31, 2021, estimated amortization expense for the next five succeeding fiscal years and all years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 1,915 2023 1,476 2024 1,157 2025 923 2026 745 Thereafter 3,522 Total $ 9,738 We utilize the amortization method to measure our mortgage servicing rights. Under the amortization method, we amortize our mortgage servicing rights in proportion to and over the period of net servicing income. Income generated as the result of new mortgage servicing rights is reported as a component of mortgage banking income and totaled $1.3 million, $3.3 million, and $1.6 million in 2021, 2020 and 2019, respectively. Amortization of the servicing rights is reported as a component of mortgage banking income in our consolidated statements of income. Ancillary income is recorded in other income. Mortgage servicing rights are recorded when loans are sold to third-parties with servicing of those loans retained and we classify and pool our mortgage servicing rights into buckets of homogeneous characteristics. Initial fair value of the servicing right is calculated by a discounted cash flow model prepared by a third-party service provider based on market value assumptions at the time of origination and we assess the servicing right for impairment using current market value assumptions at each reporting period. Critical assumptions used in the discounted cash flow model include mortgage prepayment speeds, discount rates, and servicing income and costs. Variations in our assumptions could materially affect the estimated fair values. Changes to our assumptions are made when current trends and market data indicate that new trends have developed. Current market value assumptions based on loan product types (fixed-rate, adjustable-rate and government FHA loans) include average discount rates, servicing costs and ancillary income. Many of these assumptions are subjective and require a high level of management judgment. Our mortgage servicing rights portfolio and valuation assumptions are periodically reviewed by management. Prepayment speeds may be affected by economic factors such as home price appreciation, market interest rates, the availability of other credit products to our borrowers and customer payment patterns. Prepayment speeds include the impact of all borrower prepayments, including full payoffs, additional principal payments and the impact of loans paid off due to foreclosure liquidations. As market interest rates decline, prepayment speeds will generally increase as customers refinance existing mortgages under more favorable interest rate terms. As prepayment speeds increase, anticipated cash flows will generally decline resulting in a potential reduction, or impairment, to the fair value of the capitalized mortgage servicing rights. Alternatively, an increase in market interest rates may cause a decrease in prepayment speeds and therefore an increase in fair value of mortgage servicing rights. The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Year Ended December 31, (Dollars in thousands) 2021 2020 Fair market value, beginning of period $ 12,003 $ 15,820 Fair market value, end of period 10,504 12,003 Weighted-average discount rate 9.5 % 9.6 % Weighted-average prepayment speed assumption 19.0 % 17.6 % Loans serviced for others as of December 31, 2021 and 2020 totaled $1.40 billion and $1.73 billion, respectively. Loans serviced for others are not reported as assets on the Company's consolidated balance sheets.

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	9. DERIVATIVES We utilize various designated and undesignated derivative financial instruments to reduce our exposure to movements in interest rates including interest rate swaps, interest rate lock commitments and forward sale commitments. We measure all derivatives at fair value on our consolidated balance sheet. At 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 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. We had no derivative instruments designated as hedging instruments as of December 31, 2021 and December 31, 2020. 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 lock 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 December 31, 2021, we were a party to forward sale commitments on $3.5 million of mortgage loans. As of December 31, 2021, we did not have any outstanding interest rate lock commitments on mortgage loans. At December 31, 2020, we were a party to interest rate lock and forward sale commitments on $0.7 million and $16.6 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 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. Back-to-Back Swap Agreements The Company established a program whereby it originates a variable rate loan and enters into a variable-to-fixed interest rate swap with the customer. The Company also enters into an equal and offsetting swap with a highly rated third-party financial institution. These "back-to-back swap agreements" are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. These back-to-back swap agreements are free-standing derivatives and are recorded at fair value on our consolidated balance sheet in other assets or other liabilities, with changes recorded in current period earnings. During the year ended December 31, 2021, the Company entered into swap agreements with its borrowers with a total notional amount of $33.1 million, offset by swap agreements with third party financial institutions with a total notional amount of $33.1 million. As of December 31, 2021 , the Company pledged $0.3 million in cash as collateral for the back-to-back swap agreements. The following table presents the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheet: Asset Derivatives Liability Derivatives Derivatives Not Designated as Balance Sheet Fair Value at Fair Value at Fair Value at Fair Value at Hedging Instruments Location December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 (Dollars in thousands) Interest rate lock commitments, forward sale commitments, risk participation agreements, and back-to-back swap agreements Other assets / other liabilities $ 5 $ 18 $ 20 $ 163 The following table presents the impact of derivative instruments and their location within the consolidated statements of income for the periods presented: Derivatives Not in Cash Flow Hedging Relationship Location of Gain (Loss) Recognized in Earnings on Derivatives Amount of Gain (Loss) Recognized in Earnings on Derivatives (Dollars in thousands) Year ended December 31, 2021 Interest rate lock and forward sale commitments Mortgage banking income $ 98 Risk participation agreements Other service charges and fees 32 Back-to-back swap agreements Other service charges and fees 600 Year ended December 31, 2020 Interest rate lock and forward sale commitments Mortgage banking income (76) Risk participation agreements Other service charges and fees 1,323 Year ended December 31, 2019 Interest rate lock and forward sale commitments Mortgage banking income 63

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
DEPOSITS	10. DEPOSITS The Company had $706.7 million and $898.9 million of total time deposits as of December 31, 2021 and 2020, respectively. Contractual maturities of total time deposits as of December 31, 2021 were as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 601,209 2023 67,195 2024 22,651 2025 7,584 2026 7,511 Thereafter 582 Total $ 706,732 Time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $488.8 million and $666.5 million at December 31, 2021 and 2020, respectively. This includes $215.0 million and $500.3 million in government time deposits at December 31, 2021 and 2020, respectively, which are collateralized. Contractual maturities of time deposits of $250,000 or more as of December 31, 2021 were as follows: (Dollars in thousands) Three months or less $ 265,827 Over three months through six months 69,516 Over six months through twelve months 95,411 2023 46,591 2024 7,743 2025 1,829 2026 1,858 Thereafter — Total $ 488,775 At December 31, 2021 and 2020, overdrawn deposit accounts totaling $0.5 million and $0.4 million have been reclassified as loans on the consolidated balance sheets.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2021
Short-term Debt [Abstract]
SHORT-TERM BORROWINGS	11. SHORT-TERM BORROWINGS The bank is a member of the FHLB and maintained a $1.83 billion line of credit, of which $1.80 billion remained available as of December 31, 2021. At December 31, 2021, there were no short-term borrowings under this arrangement. At December 31, 2020, short-term borrowings under this arrangement totaled $22.0 million. The FHLB provides standby letters of credit on behalf of the bank to secure certain public deposits. If the FHLB is required to make a payment on a standby letter of credit, the payment amount is converted to an advance at the FHLB. The standby letters of credit issued on our behalf by the FHLB total ed $32.2 million and $268.0 million at December 31, 2021 and 2020, respectively. At December 31, 2021 and 2020, our bank had additional unused borrowings available at the Federal Reserve discount window of $55.4 million and $64.5 million, respectively. As of December 31, 2021 and 2020, certain commercial real estate and commercial loans with a carrying value totaling $131.0 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. Interest expense on short-term borrowings totaled $2 thousand, $0.7 million and $4.3 million in 2021, 2020 and 2019, respectively. A summary of our short-term borrowings as of December 31, 2021, 2020 and 2019 is as follows: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Amount outstanding at December 31 $ — $ 22,000 $ 150,000 Average amount outstanding during year 607 89,904 185,909 Highest month-end balance during year 6,500 222,000 334,500 Weighted-average interest rate on balances outstanding at December 31 — % 0.29 % 1.81 % Weighted-average interest rate during year 0.30 % 0.80 % 2.31 %

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2021
Long-term Debt, Unclassified [Abstract]
LONG-TERM DEBT	12. LONG-TERM DEBT Long-term debt, which is based on original maturity, consisted of subordinated notes and debentures totaling $105.6 million and $105.4 million at December 31, 2021 and 2020, respectively. There were no long-term FHLB advances outstanding at December 31, 2021 and 2020. December 31, (Dollars in thousands) 2021 2020 Subordinated debentures 51,547 51,547 Subordinated notes, net of issuance costs $ 54,069 $ 53,838 Total $ 105,616 $ 105,385 At December 31, 2021, future principal payments on long-term debt based on redemption date or final maturity are as follows (dollars in thousands): (Dollars in thousands) Year Ending December 31: 2022 $ — 2023 — 2024 — 2025 — 2026 — Thereafter 106,547 Total $ 106,547 Paycheck Protection Program Liquidity Facility To bolster the effectiveness of the SBA's PPP the Federal Reserve is supplying liquidity to participating financial institutions through term financing backed by PPP loans to small businesses. The PPP provides loans to small businesses so that they can keep their workers on the payroll. The Paycheck Protection Program Liquidity Facility ("PPPLF") extended credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value. During the second quarter of 2020, we pledged $65.9 million in PPP loans to the Federal Reserve Bank and drew funds totaling $65.9 million from the Federal Reserve Bank related to the PPPLF. This was subsequently paid down during the third quarter of 2020. At the expiration of the PPPLF on July 30, 2021, we had no draws outstanding from the Federal Reserve Bank under the PPPLF and no PPP loans pledged to the Federal Reserve Bank. FHLB Advances We had no FHLB long-term advances outstanding as of December 31, 2021 and 2020. At December 31, 2021, our bank had FHLB advances available of approximately $1.80 billion, which was secured by certain real estate loans with a carrying value of $2.68 billion in accordance with the collateral provisions of the Advances, Pledge and Security Agreement with the FHLB. We did not incur any interest expense on FHLB long-term advances in 2021. Interest expense on FHLB long-term advances was $1.5 million and $1.6 million in 2020 and 2019, respectively. Subordinated Debentures As of December 31, 2021 and December 31, 2020, the Company had the following junior subordinated debentures outstanding: (Dollars in thousands) December 31, 2021 Name of Trust Amount of 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 (Dollars in thousands) December 31, 2020 Name of Trust Amount of 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 In October 2003, we created two wholly-owned statutory trusts, CPB Capital Trust II, a Delaware statutory trust ("Trust II") and CPB Statutory Trust III, a Delaware statutory trust ("Trust III"). We completed the redemption of $20.0 million of floating rate trust preferred securities issued by Trust II in January 2019 and $20.0 million of floating rate 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. The Company is not considered the primary beneficiary of Trusts IV and V, therefore the trusts are not considered a variable interest entity and are not consolidated in the Company's financial statements. Rather the subordinated debentures are shown as a liability on the Company's consolidated balance sheets. The Company's investment in the common securities of the trusts are included in investment in unconsolidated entities in the Company's consolidated balance sheets. The floating rate 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. Subordinated Notes As of December 31, 2021, the Company had the following subordinated notes outstanding: (Dollars in thousands) December 31, 2020 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 $54.1 million, net of unamortized debt issuance costs of $0.9 million, at December 31, 2021.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
EQUITY	13. EQUITY As a Hawaii state-chartered bank, Central Pacific Bank may only pay dividends to the extent it has retained earnings as defined under Hawaii banking law ("Statutory Retained Earnings"), which differs from GAAP retained earnings. As of December 31, 2021, the bank had Statutory Retained Earnings of $114.0 million. Dividends are payable at the discretion of the Board of Directors and there can be no assurance that the Board of Directors will continue to pay dividends at the same rate, or at all, in the future. Our ability to pay cash dividends to our shareholders is subject to restrictions under federal and Hawaii law, including restrictions imposed by the FRB and covenants set forth in various agreements we are a party to, including covenants set forth in our subordinated debentures. We repurchase shares of our common stock when we believe such repurchases are in the best interests of the Company. In March 2020, the Company temporarily suspended the Repurchase Plan due to uncertainty in the wake of the current COVID-19 pandemic. In January 2021, the Company’s Board of Directors authorized the repurchase of up to $25.0 million of its common stock from time to time in the open market or in privately negotiated transactions, pursuant to a newly authorized share repurchase program (the "2021 Repurchase Plan"). The 2021 Repurchase Plan replaced and superseded in its entirety the share repurchase program previously approved by the Company's Board of Directors, which had $26.6 million in remaining repurchase authority. The Company's 2021 Repurchase Plan is subject to a one year expiration. In the year ended December 31, 2021, a total of 696,894 shares of common stock, at a cost of $18.7 million, were repurchased under the 2021 Repurchase Plan. A total of $6.3 million remained available for repurchase under the 2021 Repurchase Plan at December 31, 2021. In the year ended December 31, 2020, 206,802 shares of common stock, at a cost of $4.7 million, were repurchased under the Company's share repurchase program.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	14. REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue Recognition Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" , establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts to provide goods or services to its customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services. Revenue is recognized as performance obligations are satisfied. The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. Our principal source of revenue is derived from interest income on financial instruments, such as our loan and investment securities portfolios, as well as revenue related to our mortgage banking activities. These revenue-generating transactions are out of scope of ASC 606, but are subject to other GAAP and discussed elsewhere within our disclosures. We also generate other revenue in connection with our broad range of banking products and financial services. Descriptions of our other revenue-generating activities that are within the scope of ASC 606, which are presented in our consolidated statements of income as components of other operating income are as follows: Mortgage banking income Loan placement fees, included in mortgage banking income, primarily represent revenues earned by the Company for loan placement and underwriting. Revenues for these services are recorded at a point-in-time, upon completion of a contractually identified transaction, or when an advisory opinion is provided. Service charges on deposit accounts Revenue from service charges on deposit accounts includes general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as stop payment fees). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Other Service Charges and Fees Revenue from other service charges and fees includes fees on foreign exchange, cards and payments income, safe deposit rental income and other service charges, commissions and fees. The Company provides foreign currency exchange services to customers, whereby cash can be converted to different foreign currencies, and vice versa. As a result of the services, a gain or loss is recognized on foreign currency transactions, as well as income related to commissions and fees earned on each transaction. Revenue from the commissions and fees earned on the transactions fall within the scope of ASC 606, and is recorded in a manner that reflects the timing of when transactions occur, and as services are provided. Realized and unrealized gains or losses related to foreign currency are out of scope of ASC 606. Cards and payments income includes interchange fees from debit cards processed through card association networks, merchant services, and other card related services. Interchange rates are generally set by the credit card associations and based on purchase volumes and other factors. Interchange fees are recognized as transactions occur. Interchange expenses related to cards and payments income are presented gross in other operating expense. Merchant services income represents account management fees and transaction fees charged to merchants for the processing of card association network transactions. Merchant services revenue is recognized as transactions occur, or as services are performed. Other service charges, commissions and fees include automated teller machines ("ATM") surcharge and interchange fees, bill payment fees, cashier’s check and money order fees, wire transfer fees, loan brokerage fees, and commissions on sales of insurance, broker-dealer products, letters of credit, and travelers’ checks. Revenue from these fees and commissions is recorded in a manner that reflects the timing of when transactions occur, and as services are provided. Based on the nature of the commission agreement with the broker-dealer and each insurance provider, we may recognize revenue from broker-dealer and insurance commissions over time or at a point-in-time as our performance obligation is satisfied. Income from Fiduciary Activities Income from fiduciary activities includes fees from wealth management, trust, custodial and escrow services provided to individual and institutional customers. Revenue is generally recognized monthly based on a minimum annual fee and/or the market value of assets in custody. Additional fees are recognized for transactional activity. Revenue from trade execution and brokerage services is earned through commissions from trade execution on behalf of clients. Revenue from these transactions is recognized at the trade date. Any ongoing service fees are recognized on a monthly basis as services are performed. Net Gain (Loss) on Sales of Foreclosed Assets The Company records a gain or loss on the sale of a foreclosed property when control of the property transfers to the Company, which typically occurs at the time the deed is executed. The Company does not finance the sale of the foreclosed property. The following presents the Company's other operating income, segregated by revenue streams that are in-scope and out-of-scope of ASC 606 for the periods presented: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Other operating income: In-scope of ASC 606 Mortgage banking income $ 1,993 $ 1,128 $ 702 Service charges on deposit accounts 6,358 6,234 $ 8,406 Other service charges and fees 15,281 11,621 12,536 Income on fiduciary activities 5,075 4,829 4,395 In-scope other operating income 28,707 23,812 26,039 Out-of-scope other operating income 14,353 21,386 15,762 Total other operating income $ 43,060 $ 45,198 $ 41,801

MORTGAGE BANKING INCOME MORTGAG

MORTGAGE BANKING INCOME MORTGAGE BANKING INCOME	12 Months Ended
	Dec. 31, 2021
Other Income and Expenses [Abstract]
MORTGAGE BANKING INCOME	15. MORTGAGE BANKING INCOME Noninterest income from the Company's mortgage banking activities includes the following components for the periods presented: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Mortgage banking income: Net loan servicing fees $ 2,733 $ 2,754 $ 4,252 Amortization of mortgage servicing rights (3,468) (6,167) (2,460) Net gain on sale of residential mortgage loans 6,376 16,043 4,128 Unrealized gain (loss) on interest rate locks 98 (76) 63 Loan placement fees 1,993 1,128 702 Total mortgage banking income $ 7,732 $ 13,682 $ 6,685

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	16. SHARE-BASED COMPENSATION In accordance with ASC 718, compensation expense is recognized only for those shares expected to vest, based on the Company's historical experience and future expectations. The following table summarizes the effects of share-based compensation for options and awards granted under the Company's equity incentive plans for each of the periods presented: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Salaries and employee benefits $ 4,580 $ 3,822 $ 4,289 Directors stock awards 91 165 96 Income tax benefit (1,449) (809) (1,427) Net share-based compensation effect $ 3,222 $ 3,178 $ 2,958 Upon exercise or vesting of a share-based award, if the tax deduction exceeds the compensation cost that was previously recorded for financial statement purposes, this will result in an excess tax benefit. Effective January 1, 2017, ASU 2016-09, " Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting " requires the Company to recognize all excess tax benefits or tax deficiencies through the income statement as income tax expense/benefit. Under previous GAAP, any excess tax benefits were recognized in additional-paid-in-capital to offset current-period and subsequent-period tax deficiencies. The Company recorded income tax benefit of $0.2 million in 2021, income tax expense of $0.3 million in 2020, and income tax benefit of $0.3 million in 2019, as a result of restricted stock units vesting during the year. The Company's share-based compensation arrangements are described below: Equity Incentive Plans We have adopted equity incentive plans for the purpose of granting options, restricted stock and other equity based awards for the Company's common stock to directors, officers and other key individuals. Option awards are generally granted with an exercise price equal to the market price of the Company's common stock at the date of grant; those option awards generally vest based on three In September 2004, we adopted and our shareholders approved the 2004 Stock Compensation Plan ("2004 Plan") making available 1,500,000 shares for grants to employees and directors. Upon adoption of the 2004 Plan, all unissued shares from the previous 1997 Plan were frozen and no new options were granted under the 1997 Plan. In May 2007, the 2004 Plan was amended to increase the number of shares available for grant by an additional 1,000,000 shares. In April 2011, the 2004 Plan was amended to increase the number of shares authorized from 1,402,589 to 4,944,831. In April 2013, we adopted and our shareholders approved the 2013 Stock Compensation Plan ("2013 Plan") making available 2,200,000 shares for grants to employees and directors. Upon adoption of the 2013 Plan, all unissued shares from our previous plan were frozen and no new grants were granted under the previous plan. Shares may continue to be settled under the previous plan pursuant to previously outstanding awards. New shares are issued from the 2013 Plan. As of December 31, 2021, 2020 and 2019, a total of 843,469, 996,850 and 1,304,773 shares, respectively, were available for future grants under our 2013 Plan. Stock Options The fair value of each option award is estimated on the date of grant based on the following: Valuation and amortization method— We estimate the fair value of stock options granted using the Black-Scholes option pricing formula and a single option award approach. We use historical data to estimate option exercise and employee termination activity within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. This fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period. Expected life — The expected life of options represents the period of time that options granted are expected to be outstanding. Expected volatility — Expected volatility is based on the historical volatility of the Company's common stock. Risk-free interest rate — The risk-free interest rate for periods within the contractual life of the option is based on the Treasury yield curve in effect at the time of grant. Expected dividend — The expected dividend assumption is based on our current expectations about our anticipated dividend policy. The following is a summary of option activity for our stock option plans for the year ended December 31, 2021: Number Weighted Weighted Aggregate Stock options outstanding as of January 1, 2021 133,813 $ 14.31 Changes during the year: Granted — — Exercised (86,373) 14.31 944 Expired — — Forfeited — — Stock options outstanding as of December 31, 2021 47,440 14.32 0.3 657 Vested and exercisable as of December 31, 2021 47,440 14.32 0.3 657 The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying option awards and the quoted price of the Company's common stock for the options that were in-the-money as of December 31, 2021. There were 86,373 options exercised during the year ended December 31, 2021. The aggregate intrinsic value of options exercised in 2021 under our stock option plan determined as of the date of exercise was $0.9 million There were no options exercised during the year ended December 31, 2020. The aggregate intrinsic value of options exercised in 2019 under our stock option plan determined as of the date of exercise was $0.2 million. As of December 31, 2021, all compensation costs related to stock options granted to employees under our stock option plans have been recognized. As of December 31, 2021, all shares have been vested. There were no shares that vested in 2021, 2020 and 2019. No stock options were granted during the years ended December 31, 2021, 2020 and 2019. Restricted Stock Awards and Units Under the 2013 Plan, we awarded restricted stock awards and units to our non-officer directors and certain senior management personnel. The awards typically vest over a three As of December 31, 2021, there was $5.1 million of total unrecognized compensation cost related to restricted stock awards and units that is expected to be recognized over a weighted-average period of 1.5 years. The table below presents the activity of restricted stock awards and units for each of the periods presented: Number Weighted Fair Value Unvested as of December 31, 2018 362,725 $ 26.98 Changes during the year: Granted 181,431 28.89 Forfeited (17,689) 29.10 Vested (160,000) 24.55 $ 3,927 Unvested as of December 31, 2019 366,467 28.89 Changes during the year: Granted 322,180 18.11 Forfeited (28,058) 23.79 Vested (128,215) 29.48 3,780 Unvested as of December 31, 2020 532,374 22.49 Changes during the year: Granted 221,774 21.93 Forfeited (75,850) 21.95 Vested (192,959) 23.42 5,077 Unvested as of December 31, 2021 485,339 21.95

PENSION PLANS

PENSION PLANS	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
PENSION PLANS	17. PENSION PLANS Defined Benefit Retirement Plan The bank has a defined benefit retirement plan that covered substantially all of its employees who were employed during the period that the plan was in effect. The plan was initially curtailed in 1986, and accordingly, plan benefits were fixed as of that date. Effective January 1, 1991, the bank reactivated its defined benefit retirement plan. As a result of the reactivation, employees for whom benefits were fixed in 1986 began to accrue additional benefits under a new formula that became effective January 1, 1991. Employees who were not participants at curtailment, but who were subsequently eligible to join, became participants effective January 1, 1991. Under the reactivated plan, benefits are based upon the employees' years of service and their highest average annual salaries in a 60-consecutive-month period of service, reduced by benefits provided from the bank's terminated money purchase pension plan. The reactivation of the defined benefit retirement plan resulted in an increase of $5.9 million in the unrecognized prior service cost, which was amortized over a period of 13 years. Effective December 31, 2002, the bank curtailed its defined benefit retirement plan, and accordingly, plan benefits were fixed as of that d ate. In January 2021, the Board of Directors approved termination of, and authorized Company management to commence taking action to terminate, the defined benefit retirement plan. The Company received a favorable determination letter from the IRS and no objection from the Pension Benefit Guaranty Corporation on the Form 500 standard termination notice in January 2022. The Company intends to settle the plan in the second quarter of 2022. Upon final plan termination and settlement, we expect to recognize a one-time settlement expense of approximately $4.5 to $6.5 million. The following tables set forth information pertaining to the defined benefit retirement plan: Year Ended December 31, (Dollars in thousands) 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 21,919 $ 21,603 Interest cost 485 641 Actuarial (gains) losses (427) 1,288 Benefits paid (1,557) (1,613) Benefit obligation at end of the year 20,420 21,919 Change in plan assets, at fair value: Fair value of plan assets at beginning of year 21,153 21,309 Actual return on plan assets 1,189 1,457 Benefits paid (1,557) (1,613) Fair value of plan assets at end of year 20,785 21,153 Funded status at end of year $ 365 $ (766) Amounts recognized in AOCI: Net actuarial losses $ (4,699) $ (6,467) Benefit obligation actuarial assumptions: Weighted-average discount rate 2.4 % (*) 2.3 % * Plan termination assumptions were utilized, including combination of lump sum values and estimated annuity purchase rates for other participants not electing or eligible to take lump sum. Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Components of net periodic benefit cost: Interest cost $ 485 $ 641 $ 828 Expected return on plan assets (549) (920) (996) Amortization of net actuarial losses 701 909 1,101 Net periodic benefit cost $ 637 $ 630 $ 933 Net periodic cost actuarial assumptions: Weighted-average discount rate 2.3 % 3.1 % 4.2 % Expected long-term rate of return on plan assets 2.7 % 4.5 % 5.3 % The long-term rate of return on plan assets reflects the weighted-average long-term rates of return for the various categories of investments held in the plan. The expected long-term rate of return is adjusted when there are fundamental changes in expected returns on the plan investments. The defined benefit retirement plan assets consist of equity and debt securities and money market funds. Our asset allocations by asset category were as follows: December 31, 2021 2020 Equity securities — % 39.5 % Debt securities 85.9 56.1 Money market funds 14.1 4.4 Total 100.0 % 100.0 % Equity securities included the Company's common stock in the amount of $0.1 million at December 31, 2020 . In conjunction with the upcoming defined benefit retirement plan termination, in 2021 the plan asset allocations were adjusted to minimize market risk, which included eliminating all equity securities and adjusting the portfolio duration. The fair values of the defined benefit retirement plan as of December 31, 2021 and 2020 by asset category were as follows: (Dollars in thousands) Quoted Prices Significant Significant Total December 31, 2021 Money market funds $ 2,938 $ — $ — $ 2,938 Exchange traded funds 10,712 — — 10,712 Government obligations — 1,899 — 1,899 Common stocks — — — — Preferred stocks — — — — Corporate bonds and debentures — 5,236 — 5,236 Total $ 13,650 $ 7,135 $ — $ 20,785 (Dollars in thousands) Quoted Prices Significant Significant Total December 31, 2020 Money market funds $ 928 $ — $ — $ 928 Exchange traded funds 13,462 — — 13,462 Government obligations — 2,334 — 2,334 Common stocks 1,993 — — 1,993 Preferred stocks 260 — — 260 Corporate bonds and debentures — 2,176 — 2,176 Total $ 16,643 $ 4,510 $ — $ 21,153 We are not required by funding regulations or laws to make any contributions to our defined benefit retirement plan in 2022. The Company intends to terminate its defined benefit retirement plan in the second quarter of 2022. As a result, estimated future benefit payments in each of the next five years and in the aggregate for the five years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 20,672 2023 — 2024 — 2025 — 2026 — 2027-2031 — Total $ 20,672 Supplemental Executive Retirement Plans In 1995, 2001, 2004 and 2006, our bank established Supplemental Executive Retirement Plans ("SERP") that provide certain officers of the Company with supplemental retirement benefits. On December 31, 2002, the 1995 and 2001 SERP were curtailed. In conjunction with the merger with CB Bancshares, Inc. ("CBBI"), we assumed CBBI's SERP obligation. The following tables set forth information pertaining to the SERP: Year Ended December 31, (Dollars in thousands) 2021 2020 Change in benefit obligation Benefit obligation at beginning of year $ 12,740 $ 11,971 Interest cost 264 341 Actuarial (gains) losses (398) 737 Benefits paid (309) (309) Benefit obligation at end of year 12,297 12,740 Change in plan assets Fair value of plan assets at beginning of year — — Employer contributions 309 309 Benefits paid (309) (309) Fair value of plan assets at end of year — — Funded status at end of year $ (12,297) $ (12,740) Amounts recognized in AOCI Net transition obligation $ (26) $ (44) Prior service cost — — Net actuarial losses (2,337) (3,070) Total amounts recognized in AOCI $ (2,363) $ (3,114) Benefit obligation actuarial assumptions Weighted-average discount rate 2.5 % 2.1 % Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Components of net periodic benefit cost Interest cost $ 264 $ 341 $ 430 Amortization of net actuarial (gains) losses 335 251 16 Amortization of net transition obligation 18 18 18 Amortization of prior service cost — 14 18 Net periodic benefit cost $ 617 $ 624 $ 482 Net periodic cost actuarial assumptions Weighted-average discount rate 2.1 % 3.1 % 4.2 % The SERP holds no plan assets other than employer contributions that are paid as benefits during the year. We expect to contribute $0.5 million to the SERP in 2022. Estimated future benefit payments reflecting expected future service for the SERP in each of the next five years and in the aggregate for the five years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 481 2023 649 2024 638 2025 626 2026 612 2027-2031 4,699 Total $ 7,705

401(K) RETIREMENT SAVINGS PLAN

401(K) RETIREMENT SAVINGS PLAN	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
401(K) RETIREMENT SAVINGS PLAN	18. 401(K) RETIREMENT SAVINGS PLAN We maintain a 401(k) Retirement Savings Plan ("Retirement Savings Plan") that covers substantially all employees of the Company. The Retirement Savings Plan allows employees to direct their own investments among a selection of investment alternatives and is funded by employee elective deferrals, employer matching contributions and employer discretionary contributions. We have the option of making regular matching contributions on employee's elective deferrals. The Company has sole discretion in determining the percentage to be matched, subject to limitations of the Internal Revenue Code. From January 1, 2020 to June 30, 2020, we matched 100% of an employee's elective deferrals, up to 4% of the employee's pay each pay period. Effective July 1, 2020, we temporarily suspended matching contributions due to economic uncertainty in the wake of the COVID-19 pandemic. In lieu of matching contributions, we provided an equity grant of the Company's common stock to all 401(k)-eligible employees as of June 30, 2020 that will vest ratably over three years. The equity grants were made outside of the Retirement Savings Plan. From January 1, 2021 through June 30, 2021, matching contributions remained suspended. Effective July 1, 2021 through December 31, 2021, we matched 100% of an employees effective deferrals, up to 2% of the employee's pay each pay period. We also have the option of making discretionary contributions into the Retirement Savings Plan. The Company has sole discretion in determining the discretionary contribution, subject to limitations of the Internal Revenue Code. On December 31, 2020, we made a discretionary contribution to all 401(k)-eligible employees, excluding Executive Committee and Managing Committee members, of 2% of the employee's eligible compensation, up to $1,250 per employee. We did not make any discretionary contributions in 2021 and 2019.

OPERATING LEASES

OPERATING LEASES	12 Months Ended
	Dec. 31, 2021
Leases, Operating [Abstract]
OPERATING LEASES	19. OPERATING LEASES We lease certain property and equipment with lease terms expiring through 2045. In some instances, a lease may contain renewal options for periods ranging from five "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 periods indicated: Year Ended December 31, (Dollars in thousands) 2021 2020 Lease cost: Operating lease cost $ 6,397 $ 6,621 Variable lease cost 2,476 2,689 Less: sublease income (78) (15) Total lease cost $ 8,795 9,295 Other information: Operating cash flows from operating leases $ (6,533) $ (6,371) Weighted-average remaining lease term - operating leases 11.91 years 13.51 years Weighted-average discount rate - operating leases 3.93 % 3.89 % 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 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 2022 $ 5,925 $ 1,497 $ 4,428 2023 5,183 1,343 3,840 2024 4,508 1,214 3,294 2025 4,195 1,088 3,107 2026 4,133 968 3,165 Thereafter 27,375 4,478 22,897 Total $ 51,319 $ 10,588 $ 40,731 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 periods indicated: Year Ended December 31, (Dollars in thousands) 2021 2020 Total rental income recognized $ 2,094 2,071 Based on the Company's leases as lessor as of December 31, 2021, estimated lease payments for the next five succeeding fiscal years and all years thereafter are as follows: (Dollars in thousands) Year Ending December 31, 2022 $ 2,105 2023 932 2024 432 2025 305 2026 152 Thereafter 434 Total $ 4,360

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	20. INCOME TAXES Components of income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019 were as follows: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Current expense: Federal $ 11,304 $ 22,014 $ 23,359 State 3,626 2,833 211 Total current 14,930 24,847 23,570 Deferred expense: Federal 8,654 (12,952) (8,970) State 2,174 (135) 5,005 Total deferred 10,828 (13,087) (3,965) Provision for income taxes $ 25,758 $ 11,760 $ 19,605 On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law to provide certain relief as a result of COVID-19. As of December 31, 2021, the Company has determined that neither the CARES Act nor changes to income tax laws or regulations in other jurisdictions have a significant impact on income tax expense. On December 27, 2020, the Consolidated Appropriations Act, 2021 was signed into law and extends several provisions of the CARES Act. As of December 31, 2021, the Company has determined that neither this Act nor changes to income tax laws or regulations in other jurisdictions have a significant impact on income tax expense. Income tax expense (benefit) for the periods presented differed from the "expected" tax expense (computed by applying the U.S. federal corporate tax rate of 21% for the years ended December 31, 2021, 2020 and 2019, to income (loss) before income taxes) for the following reasons: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Computed "expected" tax expense (benefit) $ 22,187 $ 10,297 $ 16,365 Increase (decrease) in taxes resulting from: Tax-exempt interest income (526) (528) (675) Other tax-exempt income (734) (799) (652) Low-income housing and energy tax credits (365) (332) (182) State income taxes, net of Federal income tax effect, excluding impact of deferred tax valuation allowance 5,377 2,590 4,345 Change in the beginning-of-the-year balance of the valuation allowance for deferred tax assets allocated to income tax expense (39) (22) (41) Other, net (142) 554 445 Total $ 25,758 $ 11,760 $ 19,605 The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows: December 31, (Dollars in thousands) 2021 2020 Deferred tax assets Lease liability $ 10,891 $ 12,624 Allowance for credit losses 14,382 17,576 Accrued expenses 3,616 2,447 Employee retirement benefits 2,547 3,143 State net operating loss carryforwards 3,091 3,134 Restricted stock and non-qualified stock options 611 963 Premises and equipment 4,678 3,996 Other 6,333 4,787 Total deferred tax assets 46,149 48,670 Deferred tax liabilities Right-of-use lease asset 10,546 12,267 Intangible assets 2,604 3,174 Other 3,808 3,383 Total deferred tax liabilities 16,958 18,824 Less: Deferred tax valuation allowance 3,359 3,398 Net deferred tax assets $ 25,832 $ 26,448 In assessing the realizability of our net DTA, management considers whether it is more likely than not that some portion or all of the DTA will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the reversal of deferred tax liabilities (including the impact of available carryback and carryforward periods), projected future taxable income and tax-planning strategies in making this assessment. As of December 31, 2021, the valuation allowance on our net DTA totaled $3.4 million, of which $3.2 million related to our DTA from net apportioned net operating loss ("NOL") carryforwards for California state income tax purposes as we do not expect to generate sufficient income in California to utilize the DTA. The remaining $0.2 million relates to a valuation allowance on a Hawaii capital loss carry forward balance of $6.2 million that we do not expect to be able to utilize. The net change in the valuation allowance was a decrease of $39 thousand in 2021, compared to a decrease of $22 thousand in 2020. Net of this valuation allowance, the Company's net DTA totaled $25.8 million as of December 31, 2021, compared to a net DTA of $26.4 million as of December 31, 2020. At December 31, 2021, the Company had NOL carryforwards for California state income tax purposes of $36.1 million, which are available to offset future state taxable income. California NOL carryforwards will expire if not utilized beginning in 2028. The Company does not have any NOL carryforwards for U.S. federal or Hawaii state income tax purposes. At December 31, 2021, we have no material unrecognized tax benefits that, if recognized would favorably affect the effective income tax rate in future periods. We do not expect our unrecognized tax benefits to change significantly over the next 12 months. We are subject to U.S. federal income tax as well as income tax of multiple state jurisdictions. As of December 31, 2021, the Company’s federal tax returns for 2016 and earlier, and the state tax returns for 2017 and earlier were no longer subject to examination by the taxing authorities. However, tax periods closed in a prior period may be subject to audit and re-examination by tax authorities for which tax carryforwards are utilized in subsequent years.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	21. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019, by component: (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2021 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (41,237) $ (11,030) $ (30,207) Add: Reclassification adjustment for gains realized in net income (150) (40) (110) Net unrealized losses on investment securities (41,387) (11,070) (30,317) Defined benefit plans: Net actuarial gains arising during the period 2,014 544 1,470 Amortization of net actuarial losses 1,036 291 745 Amortization of net transition obligation 18 4 14 Amortization of prior service cost — — — Defined benefit plans, net 3,068 839 2,229 Other comprehensive loss $ (38,319) $ (10,231) $ (28,088) (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2020 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 15,939 $ 4,260 $ 11,679 Less: Reclassification adjustment for losses realized in net income 201 54 147 Net unrealized gains on investment securities 16,140 4,314 11,826 Defined benefit plans: Net actuarial losses arising during the period (1,488) (508) (980) Amortization of net actuarial losses 1,160 310 850 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 14 4 10 Defined benefit plans, net (296) (189) (107) Other comprehensive income $ 15,844 $ 4,125 $ 11,719 (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2019 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 37,696 $ 10,102 $ 27,594 Add: Reclassification adjustment for losses realized in net income (36) (10) (26) Net unrealized gains on investment securities 37,660 10,092 27,568 Defined benefit plans: Net actuarial losses arising during the period (1,106) (296) (810) Amortization of net actuarial losses 1,117 299 818 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 18 5 13 Defined benefit plans, net 47 13 34 Other comprehensive income $ 37,707 $ 10,105 $ 27,602 The following table presents the changes in each component of AOCI, net of tax, for the years ended December 31, 2021, 2020 and 2019: (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2021 Balance at beginning of period $ 26,651 $ (6,523) $ 20,128 Other comprehensive income (loss) before reclassifications (30,207) 1,470 (28,737) Amounts reclassified from AOCI (110) 759 649 Net other comprehensive income (loss) (30,317) 2,229 (28,088) Balance at end of period $ (3,666) $ (4,294) $ (7,960) (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2020 Balance at beginning of period $ 14,825 $ (6,416) $ 8,409 Other comprehensive income (loss) before reclassifications 11,679 (980) 10,699 Amounts reclassified from AOCI 147 873 1,020 Net other comprehensive income (loss) 11,826 (107) 11,719 Balance at end of period $ 26,651 $ (6,523) $ 20,128 (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2019 Balance at beginning of period $ (9,643) $ (6,450) $ (16,093) Impact of adoption of new accounting standards (3,100) — (3,100) Adjusted balance at beginning of period (12,743) (6,450) (19,193) Other comprehensive income (loss) before reclassifications 27,594 (810) 26,784 Amounts reclassified from AOCI (26) 844 818 Total other comprehensive income (loss) 27,568 34 27,602 Balance at end of period $ 14,825 $ (6,416) $ 8,409 The following table presents the amounts reclassified out of each component of AOCI for the years ended December 31, 2021, 2020 and 2019: Amount Reclassified from AOCI Affected Line Item in the Year ended December 31, Statement Where Net Details about AOCI Components 2021 2020 2019 Income is Presented (Dollars in thousands) Sale of available-for-sale investment securities: Realized gains (losses) on available-for-sale investment securities $ 150 $ (201) $ 36 Net gains (losses) on sales of investment securities Tax effect (40) 54 (10) Income tax benefit (expense) Net of tax $ 110 $ (147) $ 26 Defined benefit plan items: Amortization of net actuarial losses $ (1,036) $ (1,160) $ (1,117) Salaries and employee benefits (1) Amortization of net transition obligation (18) (18) (18) Salaries and employee benefits (1) Amortization of prior service cost — (14) (18) Salaries and employee benefits (1) Total before tax (1,054) (1,192) (1,153) Tax effect 295 319 309 Income tax expense Net of tax $ (759) $ (873) $ (844) Total reclassifications, net of tax $ (649) $ (1,020) $ (818) (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 17 - Pension Plans for additional details).

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	22. EARNINGS PER SHARE The table below presents the information used to compute basic and diluted earnings per share for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, (In thousands, except per share data) 2021 2020 2019 Net income $ 79,894 $ 37,273 $ 58,322 Weighted-average shares outstanding for basic earnings per share 28,003,744 28,074,543 28,495,699 Add: Dilutive effect of employee stock options and awards 253,579 106,033 181,401 Weighted-average shares outstanding for diluted earnings per share 28,257,323 28,180,576 28,677,100 Basic earnings per share $ 2.85 $ 1.33 $ 2.05 Diluted earnings per share $ 2.83 $ 1.32 $ 2.03

CONTINGENT LIABILITIES AND OTHE

CONTINGENT LIABILITIES AND OTHER COMMITMENTS	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
CONTINGENT LIABILITIES AND OTHER COMMITMENTS	23. CONTINGENT LIABILITIES AND OTHER COMMITMENTS The Company and its subsidiaries are involved in legal actions arising in the ordinary course of business. Management, after consultation with legal counsel, believes the ultimate disposition of those matters will not have a material adverse effect on our consolidated financial statements. In the normal course of business there are outstanding contingent liabilities and other commitments such as unused letters of credit and items held for collections, which are not reflected in the accompanying consolidated financial statements. Management does not anticipate any material losses as a result of these transactions.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2021
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	24. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK We are a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of our customers. These financial instruments include commitments to extend credit, standby letters of credit and financial guarantees written, forward foreign exchange contracts, interest rate contracts, risk participation agreements, and back-to-back swap agreements. Those instruments involve, to varying degrees, elements of credit, interest rate and foreign exchange risk in excess of the amounts recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement we have in particular classes of financial instruments. Our exposure to credit loss in the event of nonperformance by the counter-party to the financial instrument for commitments to extend credit and standby letters of credit and financial guarantees written is represented by the contractual amount of those instruments. For forward foreign exchange contracts and interest rate contracts, the contract amounts do not represent exposure to credit loss. We control the credit risk of these contracts through credit approvals, limits and monitoring procedures. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. We evaluate each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management's credit evaluation of the counter-party. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Standby letters of credit and financial guarantees written are conditional commitments issued by us to guarantee the performance of a customer to a third-party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. We hold collateral supporting those commitments for which collateral is deemed necessary. Interest rate options issued on residential mortgage loans expose us to interest rate risk, which is economically hedged with forward interest rate contracts. These derivatives are carried at fair value with changes in fair value recorded as a component of mortgage banking income in other operating income in the consolidated statements of income. The amount of interest rate options fluctuates based on residential mortgage volume. Forward interest rate contracts represent commitments to purchase or sell loans at a future date at a specified price. We enter into forward interest rate contracts on our residential mortgage held for sale loans. These derivatives are carried at fair value with changes in fair value recorded as a component of mortgage banking income in other operating income in the consolidated statements of income. Risks arise from the possible inability of counter-parties to meet the terms of their contracts and from movements in market rates. Management reviews and approves the creditworthiness of the counter-parties to its forward interest rate contracts. Risk participation agreements represent agreements with a financial institution counterparty for interest rate swaps related to loans in which we participate. These derivatives are carried at fair value with changes in fair value recorded as a component of other service charges and fees. The risk participation agreements entered into by us as a participant bank provide credit protection to the financial institution counterparty should the borrowers fail to perform on their interest rate derivative contracts with that financial institution. We established a program whereby we originate a variable rate loan and enter into a variable-to-fixed interest rate swap with the customer. We also enter into an equal and offsetting swap with a highly rated third-party financial institution. These "back-to-back swap agreements" are intended to offset each other and allow us to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for us is equal to the interest income received from a variable rate loan originated with the customer. These back-to-back swap agreements are free-standing derivatives and are recorded at fair value on our consolidated balance sheet in other assets or other liabilities, and changes to the fair value recorded in other service charges and fees on the consolidated statement of income. Forward foreign exchange contracts represent commitments to purchase or sell foreign currencies at a future date at a specified price. These derivatives are carried at fair value with changes in fair value recorded as a component of other operating income in the consolidated statements of income. Risks arise from the possible inability of counter-parties to meet the terms of their contracts and from movements in foreign currency exchange rates. Management reviews and approves the creditworthiness of its forward foreign exchange counter-parties. At December 31, 2021 and 2020, we did not have any forward foreign exchange contracts. At December 31, 2021 and 2020, financial instruments with off-balance sheet risk were as follows: December 31, (Dollars in thousands) 2021 2020 Notional amount of: Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 1,266,596 $ 1,176,065 Standby letters of credit and financial guarantees written 6,634 10,544 Notional amount of: Financial instruments whose contract amounts exceed the amount of credit risk: Back-to-back swap agreements: Assets 33,112 — Liabilities 33,112 — Interest rate options — 714 Forward interest rate contracts 3,525 16,603 Risk participation agreements 37,531 37,762

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	25. FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL 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 FHLB 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 December 31, 2021, the weighted-average discount rate used in the valuation of loans was 5.13%. In accordance with ASU 2016-01, the fair value of loans as of December 31, 2021 and 2020 are 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 December 31, 2021, the weighted-average discount rate used in the valuation of time deposits was 0.51%. 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 December 31, 2021, the weighted-average discount rate used in the valuation of long-term debt was 5.63%. 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 and liabilities and premises and equipment. Fair Value Measurement Using (Dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2021 Financial assets: Cash and due from financial institutions $ 81,506 $ 81,506 $ 81,506 $ — $ — Interest-bearing deposits in other financial institutions 247,401 247,401 247,401 — — Investment securities 1,631,699 1,631,699 — 1,623,080 8,619 Loans held for sale 3,531 3,531 — 3,531 — Loans, net of ACL 5,033,552 4,741,379 — — 4,741,379 Accrued interest receivable 16,709 16,709 16,709 — — Financial liabilities: Deposits: Noninterest-bearing deposits 2,291,246 2,291,246 2,291,246 — — Interest-bearing demand and savings deposits 3,641,180 3,641,180 3,641,180 — — Time deposits 706,732 704,645 — — 704,645 FHLB advances and other short-term borrowings — — — — — Long-term debt 105,616 94,558 — — 94,558 Accrued interest payable (included in other liabilities) 1,122 1,122 1,122 — — Fair Value Measurement Using (Dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2021 Off-balance sheet financial instruments: Commitments to extend credit $ 1,266,596 $ — $ 1,347 $ — $ 1,347 $ — Standby letters of credit and financial guarantees written 6,634 — 100 — 100 — Derivatives: Back-to-back swap agreements: Assets 33,112 435 435 — — 435 Liabilities 33,112 (435) (435) — — (435) Forward sale commitments 3,525 1 1 — 1 — Risk participation agreements 37,531 (16) (16) — — (16) Fair Value Measurement Using (Dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Financial assets: Cash and due from financial institutions $ 97,546 $ 97,546 $ 97,546 $ — $ — Interest-bearing deposits in other financial institutions 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 — Loans, net of ACL 4,880,844 4,795,776 — — 4,795,776 Accrued interest receivable 20,224 20,224 20,224 — — Financial liabilities: Deposits: Noninterest-bearing deposits 1,790,269 1,790,269 1,790,269 — — Interest-bearing demand and savings deposits 3,106,931 3,106,931 3,106,931 — — Time deposits 898,918 899,562 — — 899,562 FHLB advances and other 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 Off-balance sheet financial instruments: Commitments to extend credit $ 1,176,065 $ 1,313 $ 1,313 $ — $ 1,313 $ — Standby letters of credit and financial guarantees written 10,544 158 158 — 158 — 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) 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 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 investment 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 and mortgage servicing rights. 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 financials assets and liabilities into and out of Level 3 of the fair value hierarchy during the year ended December 31, 2021. The following table below presents the fair value of assets and liabilities measured on a recurring basis: Fair Value at Reporting Date Using (Dollars in thousands) Fair Quoted Prices Significant Significant December 31, 2021 Available-for-sale investment securities: Debt securities: States and political subdivisions $ 236,828 $ — $ 229,147 $ 7,681 Corporate securities 40,646 — 40,646 — U.S. Treasury obligations and direct obligations of U.S Government agencies 35,334 — 35,334 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 1,198,816 — 1,198,816 — Residential - Non-government sponsored entities ("Non-GSEs") 12,213 — 11,275 938 Commercial - U.S. GSEs and agencies 65,849 — 65,849 — Commercial - Non-GSEs 42,013 — 42,013 — Total investment securities 1,631,699 — 1,623,080 8,619 Derivatives: Interest rate lock commitments, forward sale commitments, risk participation agreements, and back-to-back swap agreements (15) — 1 (16) Total $ 1,631,684 $ — $ 1,623,081 $ 8,603 Fair Value at Reporting Date Using (Dollars in thousands) Fair Quoted Prices Significant Significant December 31, 2020 Available-for-sale investment 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 ("GSEs") 778,826 — 778,826 — Residential - Non-government sponsored entities ("Non-GSEs") 23,423 — 22,434 989 Commercial - U.S. GSEs and agencies 87,469 — 87,469 — Commercial - Non-GSEs 42,972 — 42,972 — Equity securities 1,351 1,351 — — Total investment securities 1,183,960 1,351 1,170,283 12,326 Derivatives: Interest rate lock commitments, forward sale commitments, risk participation agreements, and back-to-back swap agreements (145) — (97) (48) Total $ 1,183,815 $ 1,351 $ 1,170,186 $ 12,278 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 as of December 31, 2019 $ 11,255 $ — $ 11,255 Principal payments received (428) — (428) Purchases — 989 989 Unrealized net gain included in other comprehensive income 510 — 510 Balance as of December 31, 2020 11,337 989 12,326 Principal payments received (2,841) (22) (2,863) Purchases — — — Unrealized net loss included in other comprehensive income (815) (29) (844) Balance as of December 31, 2021 $ 7,681 $ 938 $ 8,619 Within the state and political subdivisions debt securities category, the Company holds two mortgage revenue bonds issued by the City and County of Honolulu with an aggregate fair value of $7.7 million and $11.3 million at December 31, 2021 and 2020, respectively. Within the residential non-government agency available-for-sale debt securities category, the Company holds two mortgage backed bonds issued by Habitat for Humanity with an aggregate fair value of $0.9 million and $1.0 million at December 31, 2021 and 2020, respectively. The Company estimates the aggregate fair value of $8.6 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 December 31, 2021, the weighted-average discount rate utilized was 3.46%, 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.

PARENT COMPANY AND REGULATORY R

PARENT COMPANY AND REGULATORY RESTRICTIONS	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY AND REGULATORY RESTRICTIONS	26. PARENT COMPANY AND REGULATORY RESTRICTIONS At December 31, 2021, the retained earnings of the parent company, Central Pacific Financial Corp., included $371.2 million of equity in undistributed losses of Central Pacific Bank. Central Pacific Bank, as a Hawaii state-chartered bank, may only pay dividends to the extent it has retained earnings as defined under Hawaii banking law ("Statutory Retained Earnings"), which differs from GAAP retained earnings. As of December 31, 2021, the bank had Statutory Retained Earnings of $114.0 million. For further information, see Note 13 - Equity. The Company and the bank are subject to various regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks ("Basel III rules") became effective for the Company on January 1, 2015, and were fully phased in on January 1, 2019. Under the Basel III rules, the Company must hold a "capital conservation buffer" above the adequately capitalized risk-based capital ratios. The capital conservation buffer was phased in at the rate of 0.625% per year from 0.625% in 2016 to 2.50% on January 1, 2019. The capital conservation buffer for 2019, 2018 and 2017 was 2.50%, 1.875% and 1.25%, respectively. The net unrealized gain or loss on available-for-sale securities is not included in computing regulatory capital. Management believes as of December 31, 2021, the Company and bank met all capital adequacy requirements to which they are subject. Prompt corrective action regulations provide five classifications: well-capitalized, adequately capitalized, under-capitalized, significantly under-capitalized, and critically under-capitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If under-capitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At year-end 2021 and 2020, the bank was categorized as "well-capitalized" and maintained the required capital conservation buffer under the regulatory framework for prompt corrective action. There are no conditions or events since then that management believes have changed the institution’s category. The following table sets forth actual and required capital and capital ratios for the Company and the bank, as well as the minimum capital adequacy requirements applicable generally to all financial institutions as of the dates indicated. Actual Minimum required for Minimum required to (Dollars in thousands) Amount Ratio Amount Ratio (1) Amount Ratio Company As of December 31, 2021 Tier 1 capital to avg. assets (leverage ratio) $ 622,130 8.5 % $ 293,382 4.0 % N/A Tier 1 capital to risk-weighted assets 622,130 12.2 307,215 6.0 N/A Total capital to risk-weighted assets 741,291 14.5 409,620 8.0 N/A Common equity tier 1 ("CET1") capital to risk-weighted assets 572,130 11.2 230,411 4.5 N/A As of December 31, 2020 Tier 1 capital to avg. assets (leverage ratio) 581,358 8.8 263,979 4.0 N/A Tier 1 capital to risk-weighted assets 581,358 12.9 271,027 6.0 N/A Total capital to risk-weighted assets 686,130 15.2 361,369 8.0 N/A CET1 capital to risk-weighted assets 531,358 11.8 203,270 4.5 N/A Central Pacific Bank As of December 31, 2021 Tier 1 capital to avg. assets (leverage ratio) $ 652,987 8.9 % $ 292,877 4.0 % $ 366,096 5.0 % Tier 1 capital to risk-weighted assets 652,987 12.8 306,497 6.0 408,663 8.0 Total capital to risk-weighted assets 717,000 14.0 408,663 8.0 510,828 10.0 CET1 capital to risk-weighted assets 652,987 12.8 229,873 4.5 332,038 6.5 As of December 31, 2020 Tier 1 capital to avg. assets (leverage ratio) 620,372 9.4 263,735 4.0 329,668 5.0 Tier 1 capital to risk-weighted assets 620,372 13.7 270,820 6.0 361,094 8.0 Total capital to risk-weighted assets 670,087 14.9 361,094 8.0 451,367 10.0 CET1 capital to risk-weighted assets 620,372 13.7 203,115 4.5 293,389 6.5 (1) Under the Basel III Capital Rules, the Company and the bank must also maintain the required Capital Conservation Buffer ("CCB") to avoid becoming subject to restrictions on capital distributions and certain discretionary bonus payments to management. The CCB is calculated as a ratio of CET1 capital to risk-weighted assets, and effectively increases the required minimum risk-based capital ratios. The CCB requirement was phased in over a three-year period that began on January 1, 2016. The phase-in period ended on January 1, 2019, and the CCB is now at its fully phased-in level of 2.5%. Condensed financial statements of the parent company are as follows: CENTRAL PACIFIC FINANCIAL CORP. CONDENSED BALANCE SHEETS December 31, (Dollars in thousands) 2021 2020 Assets Cash and cash equivalents $ 20,090 $ 11,184 Equity investment securities, at fair value — 1,351 Investment in subsidiary bank 639,050 635,673 Other assets 12,029 8,575 Total assets $ 671,169 $ 656,783 Liabilities and Equity Long-term debt $ 105,616 $ 105,385 Other liabilities 7,334 4,713 Total liabilities 112,950 110,098 Total shareholders’ equity 558,219 546,685 Total equity 558,219 546,685 Total liabilities and equity $ 671,169 $ 656,783 CENTRAL PACIFIC FINANCIAL CORP. CONDENSED STATEMENTS OF INCOME Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Income: Dividends from subsidiary bank $ 54,016 $ 24,015 $ 42,008 Interest income from subsidiary bank 3 4 5 Other income 43 52 92 Total income 54,062 24,071 42,105 Expense: Interest expense on long-term debt 4,097 2,095 2,453 Other expenses 3,504 1,293 2,599 Total expenses 7,601 3,388 5,052 Income before income taxes and equity in undistributed income of subsidiaries 46,461 20,683 37,053 Income tax expense (benefit) (1,968) (690) (1,289) Income before equity in undistributed income of subsidiaries 48,429 21,373 38,342 Equity in undistributed income of subsidiary bank 31,465 15,900 19,980 Net income $ 79,894 $ 37,273 $ 58,322 CENTRAL PACIFIC FINANCIAL CORP. CONDENSED STATEMENTS OF CASH FLOWS Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Cash flows from operating activities: Net income $ 79,894 $ 37,273 $ 58,322 Adjustments to reconcile net income to net cash provided by operating activities: Deferred income tax expense (benefit) 70 2,552 3,055 Net change in dividends receivable from subsidiary bank — — 21,004 Equity in undistributed loss (income) of subsidiary bank (31,465) (15,900) (19,980) Share-based compensation expense 3,231 3,231 2,735 Net change in other assets and liabilities (85) (3,010) (2,900) Net cash provided by operating activities 51,645 24,146 62,236 Cash flows from investing activities: Contributions to subsidiary bank — (46,750) — Proceeds from sale of investment securities 1,653 — — Distributions from unconsolidated entities — — 622 Net cash provided by (used in) investing activities 1,653 (46,750) 622 Cash flows from financing activities: Net proceeds from issuance of common stock and stock option exercises 1,236 — 151 Net proceeds from subordinated debt — 53,838 — Repayments of long-term debt — — (20,619) Repurchases of common stock (18,669) (4,749) (22,793) Cash dividends paid on common stock (26,959) (25,935) (25,706) Net cash provided by (used in) financing activities (44,392) 23,154 (68,967) Net increase (decrease) in cash and cash equivalents 8,906 550 (6,109) Cash and cash equivalents at beginning of year 11,184 10,634 16,743 Cash and cash equivalents at end of year $ 20,090 $ 11,184 $ 10,634

UNAUDITED QUARTERLY FINANCIAL I

UNAUDITED QUARTERLY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
UNAUDITED QUARTERLY FINANCIAL INFORMATION	27. UNAUDITED QUARTERLY FINANCIAL INFORMATION (Dollars in thousands, except per share data) First Second Third Fourth Full Year 2021 Total interest income $ 51,781 $ 53,959 $ 57,969 $ 55,053 $ 218,762 Total interest expense 1,977 1,898 1,883 1,957 7,715 Net interest income 49,804 52,061 56,086 53,096 211,047 Provision (credit) for credit losses (821) (3,443) (2,635) (7,692) (14,591) Net interest income after provision (credit) for credit losses 50,625 55,504 58,721 60,788 225,638 Other operating income 10,711 10,530 10,253 11,566 43,060 Other operating expense 37,846 41,433 41,345 42,422 163,046 Income before income taxes 23,490 24,601 27,629 29,932 105,652 Income tax expense 5,452 5,887 6,814 7,605 25,758 Net income $ 18,038 $ 18,714 $ 20,815 $ 22,327 $ 79,894 Per Common Share: Basic earnings per share $ 0.64 $ 0.66 $ 0.74 $ 0.80 $ 2.85 Diluted earnings per share 0.64 0.66 0.74 0.80 2.83 Dividends declared per share 0.23 0.24 0.24 0.25 0.96 Performance Ratios: Return on average assets (ROA) 1.07 % 1.06 % 1.15 % 1.22 % 1.13 % Return on average equity (ROE) 13.07 % 13.56 % 14.82 % 16.05 % 14.38 % Efficiency ratio 62.54 % 66.20 % 62.32 % 65.61 % 64.16 % Net interest margin (NIM) 3.19 % 3.16 % 3.31 % 3.08 % 3.18 % (Dollars in thousands, except per share data) First Second Third Fourth Full Year 2020 Total interest income $ 53,814 $ 52,950 $ 51,753 $ 53,901 $ 212,418 Total interest expense 5,984 3,691 2,633 2,427 14,735 Net interest income 47,830 49,259 49,120 51,474 197,683 Provision (credit) for credit losses 11,127 11,213 14,873 4,898 42,111 Net interest income after provision (credit) for credit losses 36,703 38,046 34,247 46,576 155,572 Other operating income 8,886 10,692 11,563 14,057 45,198 Other operating expense 34,442 35,854 36,751 44,690 151,737 Income before income taxes 11,147 12,884 9,059 15,943 49,033 Income tax expense 2,821 2,967 2,200 3,772 11,760 Net income $ 8,326 $ 9,917 $ 6,859 $ 12,171 $ 37,273 Per Common Share Basic earnings per share $ 0.30 $ 0.35 $ 0.24 $ 0.43 $ 1.33 Diluted earnings per share 0.29 0.35 0.24 0.43 1.32 Dividends declared per share 0.23 0.23 0.23 0.23 0.92 Performance Ratios Return on average assets (ROA) 0.55 % 0.61 % 0.42 % 0.74 % 0.58 % Return on average equity (ROE) 6.21 % 7.34 % 4.99 % 8.87 % 6.85 % Efficiency ratio 60.73 % 59.81 % 60.56 % 68.20 % 62.47 % Net interest margin (NIM) 3.43 % 3.26 % 3.19 % 3.32 % 3.30 %

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	28. SUBSEQUENT EVENTS In January 2022, the Board of Directors authorized the repurchase of up to $30.0 million of its common stock from time to time in the open market or in privately negotiated transactions, pursuant to a newly authorized share repurchase program. The share repurchase program replaced and superseded in its entirety the 2021 Repurchase Plan. The 2021 Repurchase Plan had $6.3 million in remaining repurchase authority as of December 31, 2021.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Reclassifications	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, shareholders' equity and the consolidated balance sheets.
Change in Operating Segments and Reclassifications	Operating Segments Operations, resource allocation and financial performance are managed by the Company's Executive Committee, or its chief operating decision maker ("CODM"), on a Company-wide basis. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable segment.
Principles of Consolidation	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 also 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 have 50% ownership interests in three other mortgage loan origination and brokerage companies which are accounted for using the equity method and are included in investment in unconsolidated entities: Gentry HomeLoans, LLC, Haseko HomeLoans, LLC and Island Pacific HomeLoans, LLC. We have low income housing tax credit partnership investments that are accounted for under the proportional amortization method and are included in investment in unconsolidated entities. During the second quarter of 2021, the Company invested $2.0 million in the JAM FINTOP Banktech Fund, L.P., an investment fund designed to help develop and accelerate technology adoption at community banks across the United States. The investment is accounted for under the cost method and is also included in investment in unconsolidated entities. We also have other non-controlling equity investments in affiliates that are accounted for under the cost method and are also included in investment in unconsolidated entities. Our investments in unconsolidated entities accounted for under the equity, proportional amortization and cost methods were $0.2 million, $25.9 million and $3.6 million, respectively, at December 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 The ongoing novel coronavirus disease ("COVID-19") pandemic caused significant disruption in the local, national and global economies and financial markets in 2020. While the economy appears to be on a track for recovery and most COVID-19 related restrictions have been lifted, continuation and worsening of COVID-19 could cause reductions in business activity and financial transactions, labor shortages, supply chain interruptions and overall economic and financial market instability. Such events 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 derivatives.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United States ("GAAP") requires management to make estimates and assumptions that reflect the reported amounts of assets and liabilities and disclosures of contingent assets and contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance and provision for credit losses, reserve for credit losses on off-balance sheet credit exposures, deferred income tax assets and income tax expense, valuation of investment securities, mortgage servicing rights and the related amortization thereon, pension liability and the fair value of certain financial instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and due from financial institutions, interest-bearing deposits in other financial institutions, federal funds sold and all highly liquid investments with maturities of three months or less at the time of purchase. Net cash flows are reported for customer loan and deposit transactions, interest-bearing deposits in other financial institutions, and federal funds purchased and repurchase agreements.
Investment Securities	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 December 31, 2021 and the Company did not reverse any accrued interest against interest income during the year ended December 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 (credit) for 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 December 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 $4.6 million and $3.9 million as of December 31, 2021 and 2020, respectively. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses.
Loans Held for Sale	Loans Held for Sale Loans held for sale consists of the following two types: (1) Hawaii residential mortgage loans that are originated with the intent to sell them in the secondary market and (2) non-residential mortgage loans in both Hawaii and the U.S. Mainland that were originated with the intent to be held in our portfolio but were subsequently transferred to the held for sale category. Hawaii residential mortgage loans classified as held for sale are carried at the lower of cost or fair value on an aggregate basis, while the non-residential Hawaii and U.S. Mainland loans are recorded at the lower of cost or fair value on an individual basis. Net fees and costs associated with originating and acquiring the Hawaii residential mortgage loans held for sale are deferred and included in the basis for determining the gain or loss on sales of loans held for sale. We report the fair values of the non-residential mortgage loans classified as held for sale net of applicable selling costs on our consolidated balance sheets. Loans originated with the intent to be held in our portfolio are subsequently transferred to held for sale when our intent to hold for the foreseeable future has changed. At the time of a loan's transfer to the held for sale account, the loan is recorded at the lower of cost or fair value. Any reduction in the loan's value is reflected as a write-down of the recorded investment resulting in a new cost basis, with a corresponding reduction in the allowance for credit losses. In subsequent periods, if the fair value of a loan classified as held for sale is less than its cost basis, a valuation adjustment is recognized in our consolidated statement of income in other operating expense and the carrying value of the loan is adjusted accordingly. The valuation adjustment may be recovered in the event that the fair value increases, which is also recognized in our consolidated statement of income in other operating expense. 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. Collateral values are determined based on appraisals received from qualified valuation professionals and are obtained periodically or when indicators that property values may be impaired are present.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost, net of the ACL. Amortized cost is the unpaid principal amount outstanding, net of unamortized purchase premiums and discounts, unamortized deferred loan origination fees and costs and cumulative principal charge-offs. Purchase premiums and discounts are generally amortized into interest income over the contractual terms of the underlying loans using the effective interest method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the life of the related loan as an adjustment to yield and are amortized using the interest method over the contractual term of the loan, adjusted for actual prepayments. Deferred loan fees and costs on loans paid in full are recognized as a component of interest income on loans. Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $12.1 million and $16.2 million at December 31, 2021 and 2020, respectively, and is reported together with accrued interest on AFS debt securities on the consolidated balance sheets. Upon adoption of Accounting Standards Update ("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 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. Due to the significant decline in loans on active forbearance or deferral, the Company reversed the $0.2 million reserve during the second quarter of 2021 and no longer has a reserve on accrued interest receivable as of December 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. Commercial, scored small business, automobile and other consumer 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. Residential mortgage and home equity loans, are generally placed on nonaccrual status when principal and/or interest payments are 120 days past due, or earlier should management determine that the borrowers will be unable to meet contractual principal and/or interest obligations, unless the loans are well-secured and in the process of collection. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against current period interest income should management determine that the collectability of such accrued interest is doubtful. All subsequent receipts are applied to principal outstanding and no interest income is recognized unless the financial condition and payment record of the borrowers warrant such recognition and the loan is restored to accrual status. A nonaccrual loan may be restored to an accrual basis when principal and interest payments are current for a predetermined period, normally at least six months, and full payment of principal and interest is reasonably assured. Troubled Debt Restructuring (“TDR”) A loan is accounted for and reported as a TDR when two conditions are met: 1) the borrower is experiencing financial difficulty and 2) the Company grants a concession to the borrower experiencing financial difficulty that it would not otherwise consider for a borrower or transaction with similar credit risk characteristics. A restructuring that results in only an insignificant delay in payment is not considered a concession. A delay may be considered insignificant if the payments subject to the delay are insignificant relative to the unpaid principal or collateral value and the contractual amount due, or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the debt’s original contractual maturity or original expected duration. TDRs that are performing and on accrual status as of the date of the modification remain on accrual status. TDRs that are nonperforming as of the date of modification generally remain as nonaccrual until the prospect of future payments in accordance with the modified loan agreement is reasonably assured, generally demonstrated when the borrower maintains compliance with the restructured terms for a predetermined period, normally at least six months. TDRs with temporary below-market concessions remain designated as a TDR regardless of the accrual or performance status until the loan is paid off. Expected credit losses are estimated on a collective (pool) basis when they share similar risk characteristics. If a TDR financial asset shares similar risk characteristics with other financial assets, it is evaluated with those other financial assets on a collective basis. If it does not share similar risk characteristics with other financial assets, it is evaluated individually. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company has determined that a TDR is reasonably expected no later than the point when the lender concludes that modification is the best course of action and it is at least reasonably possible that the troubled borrower will accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed TDRs are evaluated to determine the required ACL using the same method as all other loans held for investment, except when the value of a concession cannot be measured using a method other than the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest rate of the loan. Based on the underlying risk characteristics, TDRs performing in accordance with their modified contractual terms may be collectively evaluated. In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued a revised interagency statement encouraging financial institutions to work with customers affected by the COVID-19 pandemic and providing additional information regarding loan modifications. The revised interagency statement clarifies the interaction between the interagency statement issued on March 22, 2020 and the temporary relief provided by Section 4013 of the CARES Act. Section 4013 allows financial institutions to suspend the requirements to classify certain loan modifications as TDRs. The revised statement also provides supervisory interpretations on past due and nonaccrual regulatory reporting of loan modification programs and regulatory capital. Section 4013 and the interagency guidance are being applied by the Company to loan modifications made related to the COVID-19 pandemic as eligible and appropriate. The application of the guidance reduced the number of TDRs that were reported. 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 and actions taken by governmental authorities and other third parties in response to the pandemic .
ACL for Loans	ACL for Loans Under the current expected credit loss methodology, the ACL for loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Our policy is to charge off a loan in the period in which the loan is deemed to be uncollectible and all interest previously accrued but not collected is reversed against current period interest income. We consider a loan to be uncollectible when it is probable that a loss has been incurred and the Company can make a reasonable estimate of the loss. In these instances, the likelihood of and/or timeframe for recovery of the amount due is uncertain, weak, or protracted. Subsequent receipts, if any, are credited first to the remaining principal, then to the ACL for loans as recoveries, and finally to unaccrued interest. The ACL for loans represents management's estimate of all expected credit losses over the expected life of our existing loan portfolio. Management estimates the ACL balance using relevant available information about the collectability of cash flows, from internal and external sources, including historical information relating to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. When the Company is unable to forecast future economic events, management may revert to historical information. The Company's methodologies incorporate a reasonable and supportable forecast period of one year and revert to historical loss information on a straight-line basis over one year when its forecast is no longer deemed reasonable and supportable. The Company maintains an ACL at an appropriate level as of a given balance sheet date to absorb management’s best estimate of expected life of loan credit losses. Historical credit loss experience provides the basis for the Company’s expected credit loss estimate. Adjustments to historical loss information may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, or when historical asset terms do not reflect the contractual terms of the financial assets being evaluated. The ACL methodology may also consider other adjustments to address changes in conditions, trends, and circumstances such as local industry changes that could have a significant impact on the risk profile of the loan portfolio and provide for losses in the loan portfolio that may not be reflected and/or captured in the historical loss data. These factors include: lending policies, imprecision in forecasting future economic conditions, loan profile, lending staff, problem loan trends, loan review, collateral, credit concentration and other internal and external factors. The Company uses the Moody’s Analytics Baseline forecast for its economic forecast consideration. 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. For all segments the economic forecast length is one year and reversion method is one year. 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 PD/LGD 2008-Present Multi-family mortgage PD/LGD 2008-Present Commercial, financial and agricultural PD/LGD 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. 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. 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. Consumer loans - other revolving This segment consists of consumer unsecured lines of credit. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Consumer loans - non-revolving This segment consists of consumer non-revolving loans, including dealer loans. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Purchased consumer portfolios Credit risk for purchased consumer loans is managed on a pooled basis. The predominant risk characteristics of purchased consumer loans include current and projected economic conditions, employment and income levels, and the quality of purchased consumer loans. Below is a description of the methodologies mentioned above: Probability of Default ("PD")/Loss Given Default ("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 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. Weighted-Average Remaining Maturity ("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.
Reserve for Off-Balance Sheet Credit Exposure	Reserve for Off-Balance Sheet Credit Exposures The Company maintains a separate and distinct reserve for off-balance-sheet credit exposures which is included in other liabilities on the Company’s consolidated balance sheets. The Company estimates the amount of expected losses by calculating a commitment usage factor for letters of credit, non-revolving lines of credit, and revolving lines of credit over the remaining life during which the Company is exposed to credit risk via a contractual obligation to extend credit. Letters of credit are generally unlikely to advance since they are typically in place only to ensure various forms of performance of the borrowers. Many of the letters of credit are cash secured. Non-revolving lines of credit are determined to be likely to advance as these are typically construction lines. Meanwhile, the likelihood of revolving lines of credit advancing varies with each individual borrower. Therefore, the future usage of each line was estimated based on the average line utilization of the revolving line of credit portfolio as a whole. The estimate also applies the loss factors for each loan type used in the ACL for loans methodology, which is based on historical losses, economic conditions and reasonable and supportable forecasts. The reserve for off-balance sheet credit exposures is adjusted as a provision for off-balance sheet credit exposures. In 2021, the provision for off-balance sheet credit exposures was reclassified from other operating expense and is now included in the provision for credit losses in the consolidated statements of income. The consolidated statements of income in prior periods have been adjusted retrospectively to reflect this change.
Purchased Credit Deteriorated (“PCD”) Financial Assets	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
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are included in other operating expense and are computed using the straight-line method over the shorter of the estimated useful lives of the assets or the applicable leases. Useful lives generally range from five one
Other Real Estate	Other Real Estate Other real estate is composed of properties acquired through deed-in-lieu or foreclosure proceedings and is initially recorded at fair value less estimated costs to sell the property, thereby establishing the new cost basis of other real estate. Losses arising at the time of acquisition of such properties are charged against the ACL. Subsequent to acquisition, such properties are carried at the lower of cost or fair value less estimated selling expenses, determined on an individual asset basis. Any deficiency resulting from the excess of cost over fair value less estimated selling expenses is recognized as a valuation allowance. Any subsequent increase in fair value up to its cost basis is recorded as a reduction of the valuation allowance. Increases or decreases in the valuation allowance are included in other operating expense. Net gains or losses recognized on the sale of these properties are included in other operating income.
Core Deposit Premium and Mortgage Servicing Rights	Mortgage Servicing Rights Mortgage servicing rights are recorded when loans are sold to third-parties with servicing of those loans retained and we classify and pool our mortgage servicing rights into buckets of homogeneous characteristics. We utilize the amortization method to measure our mortgage servicing rights. Under the amortization method, we amortize our mortgage servicing rights in proportion to and over the period of net servicing income. Income generated as the result of new mortgage servicing rights is reported as gains on sales of loans and is a component of mortgage banking income in the other operating income section of our consolidated statements of income. Amortization of the servicing rights is also reported as a component of mortgage banking income. Ancillary income is recorded in other income. Initial fair value of the servicing right is calculated by a discounted cash flow model prepared by a third-party service provider based on market value assumptions at the time of origination and we assess the servicing right for impairment using current market value assumptions at each reporting period. Critical assumptions used in the discounted cash flow model include mortgage prepayment speeds, discount rates, and servicing income and costs. Variations in our assumptions could materially affect the estimated fair values. Changes to our assumptions are made when current trends and market data indicate that new trends have developed. Current market value assumptions based on loan product types (fixed-rate, adjustable-rate and government FHA loans) include average discount rates, servicing cost and ancillary income. Many of these assumptions are subjective and require a high level of management judgment. Our mortgage servicing rights portfolio and valuation assumptions are periodically reviewed by management. Prepayment speeds may be affected by economic factors such as home price appreciation, market interest rates, the availability of other credit products to our borrowers and customer payment patterns. Prepayment speeds include the impact of all borrower prepayments, including full payoffs, additional principal payments and the impact of loans paid off due to foreclosure liquidations. We perform an impairment assessment of our mortgage servicing rights quarterly or whenever events or changes in circumstance indicate that the carrying value of those assets may not be recoverable. Our impairment assessments involve, among other valuation methods, the estimation of future cash flows and other methods of determining fair value. Estimating future cash flows and determining fair values is subject to judgments and often involves the use of significant estimates and assumptions. The variability of the factors we use to perform our impairment tests depend on a number of conditions, including the uncertainty about future events and cash flows. All such factors are interdependent and, therefore, do not change in isolation. Accordingly, our accounting estimates may materially change from period to period due to changing market factors.
Federal Home Loan Bank Stock	Federal Home Loan Bank StockWe 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.
Non-Controlling Interest	Non-Controlling Interest Non-controlling interest is comprised of capital and undistributed profits of the member of Oahu HomeLoans, LLC, other than the bank. As a result, non-controlling interest on our consolidated balance sheet totaled $48 thousand at December 31, 2021 and December 31, 2020.
Share Based Compensation	Share-Based Compensation Share-based compensation cost is measured at the grant date, based on the estimated fair value of the award. We use the Black-Scholes option-pricing model to determine the fair-value of stock options, and the market price of the Company's common stock at the grant date for restricted stock awards. Share-based compensation is recognized as expense over the employee's requisite service period, generally defined as the vesting period. For awards with graded vesting, we reindexcognize compensation expense on a straight-line basis over their respective vesting period. The Company's accounting policy is to recognize forfeitures as they occur. See Note 16 - Share-Based Compensation for further discussion of our stock-based compensation.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the estimated future tax effects attributable to temporary differences and carryforwards. A valuation allowance may be required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. In determining whether a valuation allowance is necessary, we consider the level of taxable income in prior years, to the extent that carrybacks are permitted under current tax laws, as well as estimates of future taxable income and tax planning strategies that could be implemented to accelerate taxable income, if necessary. If our estimates of future taxable income were materially overstated or if our assumptions regarding the tax consequences of tax planning strategies were inaccurate, some or all of our deferred tax assets may not be realized, which would result in a charge to earnings. We recognize interest and penalties related to income tax matters in other expense. We establish income tax contingency reserves for potential tax liabilities related to uncertain tax positions. Tax benefits are recognized when we determine that it is more likely than not that such benefits will be realized. Where uncertainty exists due to the complexity of income tax statutes, and where the potential tax amounts are significant, we generally seek independent tax opinions to support our positions. If our evaluation of the likelihood of the realization of benefits is inaccurate, we could incur additional income tax and interest expense that would adversely impact earnings, or we could receive tax benefits greater than anticipated which would positively impact earnings.
Earnings per Share	Earnings per Share Basic earnings per share is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period, excluding unvested restricted stock awards. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period, increased by the dilutive effect of stock options and stock awards, less shares held in a Rabbi trust pursuant to a deferred compensation plan for directors.
Forward Foreign Exchange Contracts	Forward Foreign Exchange Contracts We are periodically a party to a limited amount of forward foreign exchange contracts to satisfy customer needs for foreign currencies. These contracts are not utilized for trading purposes and are carried at market value, with realized gains and losses included in fees on foreign exchange.
Derivatives and Hedging Activities	Derivatives and Hedging Activities We recognize all derivatives on the balance sheet at fair value. On the date that we enter into a derivative contract, we designate the derivative as (1) a hedge of the fair value of an identified asset or liability ("fair value hedge"), (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to an identified asset or liability ("cash flow hedge") or (3) a transaction not qualifying for hedge accounting ("free standing derivative"). For a fair value hedge, changes in the fair value of the derivative and, to the extent that it is effective, changes in the fair value of the hedged asset or liability, attributable to the hedged risk, are recorded in current period net income in the same financial statement category as the hedged item. For a cash flow hedge, changes in the fair value of the derivative, to the extent that it is effective, is recorded in other comprehensive income (loss) ("OCI"). These changes in fair value are subsequently reclassified to net income in the same period(s) that the hedged transaction affects net income in the same financial statement category as the hedged item. For free standing derivatives, changes in fair values are reported in current period other operating income.
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 g eneral 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. In August 2021, the FASB issued ASU 2021-06, "Amendments to SEC Paragraphs" . This ASU amends various SEC paragraphs to reflect SEC Final Rule Releases No. 33-10786, which addresses financial disclosures about acquired and disposed businesses, and No. 33-10835, which addresses update of statistical disclosures for bank and savings and loan registrants. The ASU is effective upon issuance in August 2021. The Company adopted ASU 2021-06 effective August 9, 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 affected by reference rate reform, if certain criteria are met. Finally, entities can (3) make a one-time election to sell and/or reclassify held-to-maturity (“HTM”) debt securities that reference an interest rate affected by reference rate reform. In January 2021, the FASB issued ASU 2021-01, "Reference Rate Reform (Topic 848)," which clarifies that all derivative instruments affected by the changes to interest rates used for discounting, margining or contract price alignment, regardless of whether they reference LIBOR or another rate expected to be discontinued as a result of reference rate reform, an entity may apply certain practical expedients in Topic 848. The ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Company will elect (1) above for all contract modifications that meet the stated criteria. As the Company currently does not utilize hedge accounting, (2) above is currently not applicable. The Company currently does not have HTM debt securities and therefore, (3) above is currently not applicable. In May 2021, the FASB issued ASU No. 2021-04, "Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation —Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40) Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options" . ASU 2021-04 addresses issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options. ASU 2021-04 is effective for fiscal years beginning after December 15, 2021 and interim periods within those fiscal years, with early adoption permitted. We do not expect adoption of the new guidance to have a significant impact on our financial statements. In July 2021, the FASB issued ASU No. 2021-05, "Leases (Topic 842), Lessors—Certain Leases with Variable Lease Payments". ASU 2021-05 updates guidance in Topic 842, to restore long-standing accounting practice for certain sales-type leases with variable payments. ASU 2021-05 is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. We do not expect adoption of the new guidance to have a significant impact on our financial statements.
Revenue	Revenue Recognition Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers" , establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts to provide goods or services to its customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services. Revenue is recognized as performance obligations are satisfied. The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. Our principal source of revenue is derived from interest income on financial instruments, such as our loan and investment securities portfolios, as well as revenue related to our mortgage banking activities. These revenue-generating transactions are out of scope of ASC 606, but are subject to other GAAP and discussed elsewhere within our disclosures. We also generate other revenue in connection with our broad range of banking products and financial services. Descriptions of our other revenue-generating activities that are within the scope of ASC 606, which are presented in our consolidated statements of income as components of other operating income are as follows: Mortgage banking income Loan placement fees, included in mortgage banking income, primarily represent revenues earned by the Company for loan placement and underwriting. Revenues for these services are recorded at a point-in-time, upon completion of a contractually identified transaction, or when an advisory opinion is provided. Service charges on deposit accounts Revenue from service charges on deposit accounts includes general service fees for monthly account maintenance and activity- or transaction-based fees and consist of transaction-based revenue, time-based revenue (service period), item-based revenue or some other individual attribute-based revenue. Revenue is recognized when our performance obligation is completed which is generally monthly for account maintenance services or when a transaction has been completed (such as stop payment fees). Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Other Service Charges and Fees Revenue from other service charges and fees includes fees on foreign exchange, cards and payments income, safe deposit rental income and other service charges, commissions and fees. The Company provides foreign currency exchange services to customers, whereby cash can be converted to different foreign currencies, and vice versa. As a result of the services, a gain or loss is recognized on foreign currency transactions, as well as income related to commissions and fees earned on each transaction. Revenue from the commissions and fees earned on the transactions fall within the scope of ASC 606, and is recorded in a manner that reflects the timing of when transactions occur, and as services are provided. Realized and unrealized gains or losses related to foreign currency are out of scope of ASC 606. Cards and payments income includes interchange fees from debit cards processed through card association networks, merchant services, and other card related services. Interchange rates are generally set by the credit card associations and based on purchase volumes and other factors. Interchange fees are recognized as transactions occur. Interchange expenses related to cards and payments income are presented gross in other operating expense. Merchant services income represents account management fees and transaction fees charged to merchants for the processing of card association network transactions. Merchant services revenue is recognized as transactions occur, or as services are performed. Other service charges, commissions and fees include automated teller machines ("ATM") surcharge and interchange fees, bill payment fees, cashier’s check and money order fees, wire transfer fees, loan brokerage fees, and commissions on sales of insurance, broker-dealer products, letters of credit, and travelers’ checks. Revenue from these fees and commissions is recorded in a manner that reflects the timing of when transactions occur, and as services are provided. Based on the nature of the commission agreement with the broker-dealer and each insurance provider, we may recognize revenue from broker-dealer and insurance commissions over time or at a point-in-time as our performance obligation is satisfied. Income from Fiduciary Activities Income from fiduciary activities includes fees from wealth management, trust, custodial and escrow services provided to individual and institutional customers. Revenue is generally recognized monthly based on a minimum annual fee and/or the market value of assets in custody. Additional fees are recognized for transactional activity. Revenue from trade execution and brokerage services is earned through commissions from trade execution on behalf of clients. Revenue from these transactions is recognized at the trade date. Any ongoing service fees are recognized on a monthly basis as services are performed. Net Gain (Loss) on Sales of Foreclosed Assets The Company records a gain or loss on the sale of a foreclosed property when control of the property transfers to the Company, which typically occurs at the time the deed is executed. The Company does not finance the sale of the foreclosed property.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of Financing Receivable Portfolio Segments	The Company has identified the following portfolio segments to measure the allowance for credit losses. For all segments the economic forecast length is one year and reversion method is one year. 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 PD/LGD 2008-Present Multi-family mortgage PD/LGD 2008-Present Commercial, financial and agricultural PD/LGD 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

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Summary of available for sale and held to maturity investment securities	A summary of our available-for-sale investment securities as of December 31, 2021 and 2020 are as follows: (Dollars in thousands) Amortized Gross Gross Fair December 31, 2021 Available-for-Sale: Debt securities: States and political subdivisions $ 235,521 $ 3,156 $ (1,849) $ 236,828 Corporate securities 41,687 24 (1,065) 40,646 U.S. Treasury obligations and direct obligations of U.S Government agencies 35,833 69 (568) 35,334 Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 1,213,910 4,899 (19,993) 1,198,816 Residential - Non-government sponsored entities ("Non-GSEs") 11,942 335 (64) 12,213 Commercial - U.S. GSEs and agencies 66,287 756 (1,194) 65,849 Commercial - Non-GSEs 41,328 685 — 42,013 Total available-for-sale investment securities $ 1,646,508 $ 9,924 $ (24,733) $ 1,631,699 Equity securities $ — $ — $ — $ — (Dollars in thousands) Amortized Gross Gross Fair 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. GSEs 762,309 16,816 (299) 778,826 Residential - Non-GSEs 22,671 786 (34) 23,423 Commercial - U.S. GSEs and agencies 85,405 2,564 (500) 87,469 Commercial - Non-GSEs 41,309 1,663 — 42,972 Total available-for-sale investment securities $ 1,156,031 $ 28,005 $ (1,427) $ 1,182,609 Equity securities $ 1,068 $ 283 $ — $ 1,351
Amortized Cost and Fair Value of Equity Investment Securities	The amortized cost and fair value of our equity investment securities is as follows: (Dollars in thousands) Amortized Cost Fair Value December 31, 2021 Equity securities $ — $ — 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 investment securities at December 31, 2021 by contractual maturity are shown below. Actual maturities may differ from contractual maturities as issuers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. December 31, 2021 (Dollars in thousands) Amortized Cost Fair Value Available-for-Sale: Due in one year or less $ 18,958 $ 19,002 Due after one year through five years 21,579 22,190 Due after five years through ten years 84,715 84,411 Due after ten years 187,789 187,205 Mortgage-backed securities Residential - U.S. GSEs 1,213,910 1,198,816 Residential - Non-GSEs 11,942 12,213 Commercial - U.S. GSEs and agencies 66,287 65,849 Commercial - Non-GSEs 41,328 42,013 Total available-for-sale investment securities $ 1,646,508 $ 1,631,699 Equity securities $ — $ —
Schedule of investment securities in an unrealized loss position	The following table summarizes securities which were in an unrealized or unrecognized loss position at December 31, 2021 and 2020, aggregated by major security type and length of time in a continuous unrealized or unrecognized loss position: Less Than 12 Months 12 Months or Longer Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) December 31, 2021 Debt securities: States and political subdivisions $ 79,360 $ (1,252) $ 10,864 $ (597) $ 90,224 $ (1,849) Corporate securities 8,633 (235) 21,960 (830) 30,593 (1,065) U.S. Treasury obligations and direct obligations of U.S Government agencies 16,103 (415) 10,891 (153) 26,994 (568) Mortgage-backed securities: Residential - U.S. GSEs 926,570 (15,883) 114,747 (4,110) 1,041,317 (19,993) Residential - Non-GSEs — — 938 (64) 938 (64) Commercial - U.S. GSEs and agencies 6,313 (205) 16,281 (989) 22,594 (1,194) Total temporarily impaired securities $ 1,036,979 $ (17,990) $ 175,681 $ (6,743) $ 1,212,660 $ (24,733) Less Than 12 Months 12 Months or Longer Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) December 31, 2020 Debt securities: States and political subdivisions $ 21,313 $ (177) $ — $ — $ 21,313 $ (177) 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. GSEs 76,402 (299) — — 76,402 (299) Residential - Non-GSEs 989 (34) — — 989 (34) Commercial - U.S. GSEs and agencies 16,977 (500) — — 16,977 (500) Total temporarily impaired securities $ 126,530 $ (1,165) $ 20,925 $ (262) $ 147,455 $ (1,427)

LOANS AND LEASES (Tables)

LOANS AND LEASES (Tables)	12 Months Ended
	Dec. 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 December 31, 2021 and December 31, 2020 consisted of the following: December 31, (Dollars in thousands) 2021 2020 Commercial, financial and agricultural: Small Business Administration Paycheck Protection Program ("SBA PPP") $ 94,850 $ 425,993 Other 530,383 545,136 Real estate: Construction 123,351 125,625 Residential mortgage 1,875,200 1,687,251 Home equity 635,721 550,216 Commercial mortgage 1,222,138 1,158,203 Consumer 624,115 479,580 Subtotal 5,105,758 4,972,004 Net deferred fees (4,109) (7,891) Total loans $ 5,101,649 $ 4,964,113
Financing Receivable, Purchased With Credit Deterioration	The following table presents loan purchases by class for the periods presented: (Dollars in thousands) Consumer - Unsecured Consumer - Automobile Total Year Ended December 31, 2021 Purchases: Outstanding balance $ 199,813 $ 71,432 $ 271,245 Purchase (discount) premium (9,613) 5,080 (4,533) Purchase price $ 190,200 $ 76,512 $ 266,712 Year Ended December 31, 2020 Purchases: Outstanding balance $ 54,777 $ — $ 54,777 Purchase discount (1,619) — (1,619) Purchase price $ 53,158 $ — $ 53,158
Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and lease based on the impairment measurement methods, by class
Schedule of impaired loans, by class
Schedule of average recorded investment and interest income recognized on impaired loans, by class
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 December 31, 2021 and 2020: December 31, 2021 (Dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual Loans with No ACL Commercial, financial and agricultural: SBA PPP $ — $ — $ — $ — $ — $ 91,327 $ 91,327 $ — Other 970 604 945 183 2,702 527,419 530,121 — Real estate: Construction 638 — — — 638 122,229 122,867 — Residential mortgage 5,315 — — 4,623 9,938 1,866,042 1,875,980 4,623 Home equity 234 — 44 786 1,064 636,185 637,249 786 Commercial mortgage — — — — — 1,220,204 1,220,204 — Consumer 2,444 712 374 289 3,819 620,082 623,901 — Total $ 9,601 $ 1,316 $ 1,363 $ 5,881 $ 18,161 $ 5,083,488 $ 5,101,649 $ 5,409 December 31, 2020 (Dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans and Total Nonaccrual Loans with No ACL 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 information related to loans modifications in a TDR, by class	The following table presents by class, information related to loans modified in a TDR during the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 48 $ — Total 1 $ 48 $ — Year Ended December 31, 2020 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 677 $ — Real estate: Commercial mortgage 1 276 — Consumer 11 207 — Total 13 $ 1,160 $ — Year Ended December 31, 2019 (Dollars in thousands) Number Recorded Increase Real estate: Residential mortgage 1 $ 104 $ — Total 1 $ 104 $ —
Schedule of recorded investment in the loans and leases, by class and credit indicator	The following tables present by class and credit indicator, the recorded investment in the Company's loans as of December 31, 2021 and 2020: (Dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Deferred (Fees) Costs Total December 31, 2021 Commercial, financial and agricultural: SBA PPP $ 94,850 $ — $ — $ — $ 94,850 $ (3,523) $ 91,327 Other 504,823 14,283 11,277 — 530,383 (262) 530,121 Real estate: Construction 122,433 — 918 — 123,351 (484) 122,867 Residential mortgage 1,869,604 973 4,623 — 1,875,200 780 1,875,980 Home equity 634,704 187 830 — 635,721 1,528 637,249 Commercial mortgage 1,180,074 16,062 26,002 — 1,222,138 (1,934) 1,220,204 Consumer 623,271 181 510 153 624,115 (214) 623,901 Total $ 5,029,759 $ 31,686 $ 44,160 $ 153 $ 5,105,758 $ (4,109) $ 5,101,649 (Dollars in thousands) Pass Special Mention Substandard Loss Subtotal Net Deferred (Fees) Costs Total December 31, 2020 Commercial, financial and agricultural: SBA PPP $ 425,993 $ — $ — $ — $ 425,993 $ (9,618) $ 416,375 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 LOAN AND LEASE _2

ALLOWANCE FOR LOAN AND LEASE LOSSES (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of activity in the allowance, by class	The following tables present by class, the activity in the ACL for loans under ASC 326 during the years ended December 31, 2021 and 2020 and under previous GAAP during the year ended December 31, 2019: Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2021 Beginning balance $ 304 $ 18,717 $ 4,277 $ 16,484 $ 5,449 $ 22,163 $ 15,875 $ 83,269 (Credit) provision for credit losses on loans [1] (227) (7,684) (1,528) (4,379) (949) (3,825) 4,269 (14,323) Subtotal 77 11,033 2,749 12,105 4,500 18,338 20,144 68,946 Charge-offs — 1,723 — — — — 4,402 6,125 Recoveries — 1,004 1,159 358 9 73 2,673 5,276 Net charge-offs (recoveries) — 719 (1,159) (358) (9) (73) 1,729 849 Ending balance $ 77 $ 10,314 $ 3,908 $ 12,463 $ 4,509 $ 18,411 $ 18,415 $ 68,097 Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2020 Beginning balance $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 Impact of adoption of ASC 326 — (627) 479 608 (1,614) 2,624 2,096 3,566 Balance after adoption of ASC 326 — 7,509 2,271 13,935 2,592 13,737 11,493 51,537 Provision for credit losses on loans [1] 304 13,077 1,875 2,383 2,824 8,485 9,982 38,930 Subtotal 304 20,586 4,146 16,318 5,416 22,222 21,475 90,467 Charge-offs — 3,026 — 63 — 75 8,191 11,355 Recoveries — 1,157 131 229 33 16 2,591 4,157 Net charge-offs (recoveries) — 1,869 (131) (166) (33) 59 5,600 7,198 Ending balance $ 304 $ 18,717 $ 4,277 $ 16,484 $ 5,449 $ 22,163 $ 15,875 $ 83,269 Commercial, Financial and Agricultural Real Estate (Dollars in thousands) SBA PPP Other Construction Residential Home Commercial Consumer Total Year ended December 31, 2019 Beginning balance $ — $ 8,027 $ 1,202 $ 14,349 $ 3,788 $ 13,358 $ 7,192 $ 47,916 Provision (credit) for credit losses on loans — 1,413 (20) (1,546) 381 (2,270) 8,359 6,317 Subtotal — 9,440 1,182 12,803 4,169 11,088 15,551 54,233 Charge-offs — 2,478 — — 5 — 8,265 10,748 Recoveries — 1,174 610 524 42 25 2,111 4,486 Net charge-offs — 1,304 (610) (524) (37) (25) 6,154 6,262 Ending balance $ — $ 8,136 $ 1,792 $ 13,327 $ 4,206 $ 11,113 $ 9,397 $ 47,971 [1] In 2020, the Company recorded a reserve on accrued interest receivable for loans on active payment forbearance or deferral, which were granted to borrowers impacted by the COVID-19 pandemic. This reserve was recorded as a contra-asset against accrued interest receivable with the offset to provision for credit losses. Due to the significant decline in loans on active forbearance or deferral, the Company reversed the $0.2 million reserve during the second quarter of 2021 and no longer has a reserve on accrued interest receivable.as of December 31, 2021. The provision for credit losses presented in this table excludes the provision (credit) for credit losses on accrued interest receivable of $0.2 million.
Schedule of changes in the allowance for loan and lease losses for impaired loans	The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, under ASC 326 during the years ended December 31, 2021 and 2020 and under previous GAAP during the year ended December 31, 2019. Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Balance, beginning of year $ 4,884 $ 1,272 $ 1,243 Impact of adoption of ASC 326 — 740 — Balance after adoption of ASC 326 4,884 2,012 1,243 (Credit) provision for off-balance sheet credit exposures (80) 2,872 29 Balance, end of year $ 4,804 $ 4,884 $ 1,272

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	Premises and equipment consisted of the following as of December 31, 2021 and 2020: December 31, (Dollars in thousands) 2021 2020 Land $ 14,184 $ 11,616 Office buildings and improvements 141,628 125,132 Furniture, fixtures and equipment 35,515 37,839 Gross premises and equipment 191,327 174,587 Accumulated depreciation and amortization (110,973) (109,309) Net premises and equipment $ 80,354 $ 65,278
Schedule of operating expenses to which depreciation and amortization of premises and equipment were charged	Depreciation and amortization of premises and equipment were charged to the following operating expenses: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Net occupancy $ 4,570 $ 3,616 $ 3,401 Equipment 2,414 2,607 2,738 Total $ 6,984 $ 6,223 $ 6,139

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	12 Months Ended
	Dec. 31, 2021
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Schedule of Investments in and Advances to Affiliates, Schedule of Investments	Investments in unconsolidated entities as of December 31, 2021 and 2020 consisted of the following components: December 31, (Dollars in thousands) 2021 2020 Investments in low income housing tax credit partnerships $ 25,916 $ 28,090 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 162 277 Other 2,054 54 Total $ 29,679 $ 29,968 The following table presents amortization expense and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Proportional amortization method: Amortization expense recognized in income tax expense $ 2,174 $ 1,391 $ 681 Federal and state tax credits recognized in income tax expense 2,373 1,599 803
Future Commitments	he expected payments for the unfunded commitments related to the LIHTC partnerships as of December 31, 2021 are as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 14,190 2023 10 2024 26 2025 6 2026 6 Thereafter 37 Total commitments $ 14,275

OTHER INTANGIBLE ASSETS (Tables

OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in other intangible assets	The following table presents changes in our mortgage servicing rights for the periods presented: (Dollars in thousands) Mortgage Balance as of December 31, 2018 $ 15,596 Additions 1,582 Amortization (2,460) Balance as of December 31, 2019 14,718 Additions 3,314 Amortization (6,167) Balance as of December 31, 2020 11,865 Additions 1,341 Amortization (3,468) Balance as of December 31, 2021 $ 9,738
Schedule of gross carrying value and accumulated amortization related to intangible assets	The gross carrying value, accumulated amortization, and net carrying value related to our mortgage servicing rights as of December 31, 2021 and 2020 are presented below: December 31, 2021 December 31, 2020 (Dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 72,250 $ (62,512) $ 9,738 $ 70,909 $ (59,044) $ 11,865
Schedule of estimated amortization expense	Based on our mortgage servicing rights held as of December 31, 2021, estimated amortization expense for the next five succeeding fiscal years and all years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 1,915 2023 1,476 2024 1,157 2025 923 2026 745 Thereafter 3,522 Total $ 9,738
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights	The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: Year Ended December 31, (Dollars in thousands) 2021 2020 Fair market value, beginning of period $ 12,003 $ 15,820 Fair market value, end of period 10,504 12,003 Weighted-average discount rate 9.5 % 9.6 % Weighted-average prepayment speed assumption 19.0 % 17.6 %

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 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 sheet	The following table presents the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheet: Asset Derivatives Liability Derivatives Derivatives Not Designated as Balance Sheet Fair Value at Fair Value at Fair Value at Fair Value at Hedging Instruments Location December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 (Dollars in thousands) Interest rate lock commitments, forward sale commitments, risk participation agreements, and back-to-back swap agreements Other assets / other liabilities $ 5 $ 18 $ 20 $ 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 for the periods presented: Derivatives Not in Cash Flow Hedging Relationship Location of Gain (Loss) Recognized in Earnings on Derivatives Amount of Gain (Loss) Recognized in Earnings on Derivatives (Dollars in thousands) Year ended December 31, 2021 Interest rate lock and forward sale commitments Mortgage banking income $ 98 Risk participation agreements Other service charges and fees 32 Back-to-back swap agreements Other service charges and fees 600 Year ended December 31, 2020 Interest rate lock and forward sale commitments Mortgage banking income (76) Risk participation agreements Other service charges and fees 1,323 Year ended December 31, 2019 Interest rate lock and forward sale commitments Mortgage banking income 63

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Schedule of maturities of time deposits of $100,000 or more	The Company had $706.7 million and $898.9 million of total time deposits as of December 31, 2021 and 2020, respectively. Contractual maturities of total time deposits as of December 31, 2021 were as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 601,209 2023 67,195 2024 22,651 2025 7,584 2026 7,511 Thereafter 582 Total $ 706,732 Contractual maturities of time deposits of $250,000 or more as of December 31, 2021 were as follows: (Dollars in thousands) Three months or less $ 265,827 Over three months through six months 69,516 Over six months through twelve months 95,411 2023 46,591 2024 7,743 2025 1,829 2026 1,858 Thereafter — Total $ 488,775

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2021
Short-term Debt [Abstract]
Schedule of short-term borrowings	A summary of our short-term borrowings as of December 31, 2021, 2020 and 2019 is as follows: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Amount outstanding at December 31 $ — $ 22,000 $ 150,000 Average amount outstanding during year 607 89,904 185,909 Highest month-end balance during year 6,500 222,000 334,500 Weighted-average interest rate on balances outstanding at December 31 — % 0.29 % 1.81 % Weighted-average interest rate during year 0.30 % 0.80 % 2.31 %

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2021
Long-term Debt, Unclassified [Abstract]
Schedule of long-term debt, based on original maturity	Long-term debt, which is based on original maturity, consisted of subordinated notes and debentures totaling $105.6 million and $105.4 million at December 31, 2021 and 2020, respectively. There were no long-term FHLB advances outstanding at December 31, 2021 and 2020. December 31, (Dollars in thousands) 2021 2020 Subordinated debentures 51,547 51,547 Subordinated notes, net of issuance costs $ 54,069 $ 53,838 Total $ 105,616 $ 105,385
Schedule of future principal payments on long-term debt based on final maturity	At December 31, 2021, future principal payments on long-term debt based on redemption date or final maturity are as follows (dollars in thousands): (Dollars in thousands) Year Ending December 31: 2022 $ — 2023 — 2024 — 2025 — 2026 — Thereafter 106,547 Total $ 106,547
Schedule of Subordinated Borrowing	As of December 31, 2021 and December 31, 2020, the Company had the following junior subordinated debentures outstanding: (Dollars in thousands) December 31, 2021 Name of Trust Amount of 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 (Dollars in thousands) December 31, 2020 Name of Trust Amount of Subordinated Debentures Interest Rate Trust IV 30,928 Three month LIBOR + 2.45% Trust V 20,619 Three month LIBOR + 1.87% Total $ 51,547

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 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 for the periods presented: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Other operating income: In-scope of ASC 606 Mortgage banking income $ 1,993 $ 1,128 $ 702 Service charges on deposit accounts 6,358 6,234 $ 8,406 Other service charges and fees 15,281 11,621 12,536 Income on fiduciary activities 5,075 4,829 4,395 In-scope other operating income 28,707 23,812 26,039 Out-of-scope other operating income 14,353 21,386 15,762 Total other operating income $ 43,060 $ 45,198 $ 41,801

MORTGAGE BANKING INCOME (Tables

MORTGAGE BANKING INCOME (Tables)	12 Months Ended
	Dec. 31, 2021
Other Income and Expenses [Abstract]
Mortgage Banking Activities	Noninterest income from the Company's mortgage banking activities includes the following components for the periods presented: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Mortgage banking income: Net loan servicing fees $ 2,733 $ 2,754 $ 4,252 Amortization of mortgage servicing rights (3,468) (6,167) (2,460) Net gain on sale of residential mortgage loans 6,376 16,043 4,128 Unrealized gain (loss) on interest rate locks 98 (76) 63 Loan placement fees 1,993 1,128 702 Total mortgage banking income $ 7,732 $ 13,682 $ 6,685

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Summary of the effects of share-based compensation to options and awards granted under the Company's equity incentive plans	The following table summarizes the effects of share-based compensation for options and awards granted under the Company's equity incentive plans for each of the periods presented: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Salaries and employee benefits $ 4,580 $ 3,822 $ 4,289 Directors stock awards 91 165 96 Income tax benefit (1,449) (809) (1,427) Net share-based compensation effect $ 3,222 $ 3,178 $ 2,958
Summary of option activity for stock option plans	The following is a summary of option activity for our stock option plans for the year ended December 31, 2021: Number Weighted Weighted Aggregate Stock options outstanding as of January 1, 2021 133,813 $ 14.31 Changes during the year: Granted — — Exercised (86,373) 14.31 944 Expired — — Forfeited — — Stock options outstanding as of December 31, 2021 47,440 14.32 0.3 657 Vested and exercisable as of December 31, 2021 47,440 14.32 0.3 657
Schedule of activity of restricted stock awards and units	The table below presents the activity of restricted stock awards and units for each of the periods presented: Number Weighted Fair Value Unvested as of December 31, 2018 362,725 $ 26.98 Changes during the year: Granted 181,431 28.89 Forfeited (17,689) 29.10 Vested (160,000) 24.55 $ 3,927 Unvested as of December 31, 2019 366,467 28.89 Changes during the year: Granted 322,180 18.11 Forfeited (28,058) 23.79 Vested (128,215) 29.48 3,780 Unvested as of December 31, 2020 532,374 22.49 Changes during the year: Granted 221,774 21.93 Forfeited (75,850) 21.95 Vested (192,959) 23.42 5,077 Unvested as of December 31, 2021 485,339 21.95

PENSION PLANS (Tables)

PENSION PLANS (Tables)	12 Months Ended
	Dec. 31, 2021
Pension Plan
PENSION PLANS
Schedule of information pertaining to the defined benefit retirement plan	The following tables set forth information pertaining to the defined benefit retirement plan: Year Ended December 31, (Dollars in thousands) 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 21,919 $ 21,603 Interest cost 485 641 Actuarial (gains) losses (427) 1,288 Benefits paid (1,557) (1,613) Benefit obligation at end of the year 20,420 21,919 Change in plan assets, at fair value: Fair value of plan assets at beginning of year 21,153 21,309 Actual return on plan assets 1,189 1,457 Benefits paid (1,557) (1,613) Fair value of plan assets at end of year 20,785 21,153 Funded status at end of year $ 365 $ (766) Amounts recognized in AOCI: Net actuarial losses $ (4,699) $ (6,467) Benefit obligation actuarial assumptions: Weighted-average discount rate 2.4 % (*) 2.3 % * Plan termination assumptions were utilized, including combination of lump sum values and estimated annuity purchase rates for other participants not electing or eligible to take lump sum. Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Components of net periodic benefit cost: Interest cost $ 485 $ 641 $ 828 Expected return on plan assets (549) (920) (996) Amortization of net actuarial losses 701 909 1,101 Net periodic benefit cost $ 637 $ 630 $ 933 Net periodic cost actuarial assumptions: Weighted-average discount rate 2.3 % 3.1 % 4.2 % Expected long-term rate of return on plan assets 2.7 % 4.5 % 5.3 %
Schedule of asset allocations by asset category	The defined benefit retirement plan assets consist of equity and debt securities and money market funds. Our asset allocations by asset category were as follows: December 31, 2021 2020 Equity securities — % 39.5 % Debt securities 85.9 56.1 Money market funds 14.1 4.4 Total 100.0 % 100.0 %
Schedule of fair values of the defined benefit retirement plan by asset category	The fair values of the defined benefit retirement plan as of December 31, 2021 and 2020 by asset category were as follows: (Dollars in thousands) Quoted Prices Significant Significant Total December 31, 2021 Money market funds $ 2,938 $ — $ — $ 2,938 Exchange traded funds 10,712 — — 10,712 Government obligations — 1,899 — 1,899 Common stocks — — — — Preferred stocks — — — — Corporate bonds and debentures — 5,236 — 5,236 Total $ 13,650 $ 7,135 $ — $ 20,785 (Dollars in thousands) Quoted Prices Significant Significant Total December 31, 2020 Money market funds $ 928 $ — $ — $ 928 Exchange traded funds 13,462 — — 13,462 Government obligations — 2,334 — 2,334 Common stocks 1,993 — — 1,993 Preferred stocks 260 — — 260 Corporate bonds and debentures — 2,176 — 2,176 Total $ 16,643 $ 4,510 $ — $ 21,153
Schedule of estimated future benefit payments	estimated future benefit payments in each of the next five years and in the aggregate for the five years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 20,672 2023 — 2024 — 2025 — 2026 — 2027-2031 — Total $ 20,672
SERPs
PENSION PLANS
Schedule of information pertaining to the defined benefit retirement plan	The following tables set forth information pertaining to the SERP: Year Ended December 31, (Dollars in thousands) 2021 2020 Change in benefit obligation Benefit obligation at beginning of year $ 12,740 $ 11,971 Interest cost 264 341 Actuarial (gains) losses (398) 737 Benefits paid (309) (309) Benefit obligation at end of year 12,297 12,740 Change in plan assets Fair value of plan assets at beginning of year — — Employer contributions 309 309 Benefits paid (309) (309) Fair value of plan assets at end of year — — Funded status at end of year $ (12,297) $ (12,740) Amounts recognized in AOCI Net transition obligation $ (26) $ (44) Prior service cost — — Net actuarial losses (2,337) (3,070) Total amounts recognized in AOCI $ (2,363) $ (3,114) Benefit obligation actuarial assumptions Weighted-average discount rate 2.5 % 2.1 % Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Components of net periodic benefit cost Interest cost $ 264 $ 341 $ 430 Amortization of net actuarial (gains) losses 335 251 16 Amortization of net transition obligation 18 18 18 Amortization of prior service cost — 14 18 Net periodic benefit cost $ 617 $ 624 $ 482 Net periodic cost actuarial assumptions Weighted-average discount rate 2.1 % 3.1 % 4.2 %
Schedule of estimated future benefit payments	Estimated future benefit payments reflecting expected future service for the SERP in each of the next five years and in the aggregate for the five years thereafter are as follows: (Dollars in thousands) Year Ending December 31: 2022 $ 481 2023 649 2024 638 2025 626 2026 612 2027-2031 4,699 Total $ 7,705

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2021
Leases, Operating [Abstract]
Schedule of Lease Cost	Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the periods indicated: Year Ended December 31, (Dollars in thousands) 2021 2020 Lease cost: Operating lease cost $ 6,397 $ 6,621 Variable lease cost 2,476 2,689 Less: sublease income (78) (15) Total lease cost $ 8,795 9,295 Other information: Operating cash flows from operating leases $ (6,533) $ (6,371) Weighted-average remaining lease term - operating leases 11.91 years 13.51 years Weighted-average discount rate - operating leases 3.93 % 3.89 %
Lessee, Operating Lease, Liability, Maturity	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 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 2022 $ 5,925 $ 1,497 $ 4,428 2023 5,183 1,343 3,840 2024 4,508 1,214 3,294 2025 4,195 1,088 3,107 2026 4,133 968 3,165 Thereafter 27,375 4,478 22,897 Total $ 51,319 $ 10,588 $ 40,731
Operating Lease, Lease Income	The following represents lease income related to these leases that was recognized for the periods indicated: Year Ended December 31, (Dollars in thousands) 2021 2020 Total rental income recognized $ 2,094 2,071
Schedule of future minimum rental income for noncancellable operating leases that had initial lease terms in excess of one year	Based on the Company's leases as lessor as of December 31, 2021, estimated lease payments for the next five succeeding fiscal years and all years thereafter are as follows: (Dollars in thousands) Year Ending December 31, 2022 $ 2,105 2023 932 2024 432 2025 305 2026 152 Thereafter 434 Total $ 4,360

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit)	Components of income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019 were as follows: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Current expense: Federal $ 11,304 $ 22,014 $ 23,359 State 3,626 2,833 211 Total current 14,930 24,847 23,570 Deferred expense: Federal 8,654 (12,952) (8,970) State 2,174 (135) 5,005 Total deferred 10,828 (13,087) (3,965) Provision for income taxes $ 25,758 $ 11,760 $ 19,605
Schedule of the reasons of difference between the income tax expense (benefit) and the expected tax expense	Income tax expense (benefit) for the periods presented differed from the "expected" tax expense (computed by applying the U.S. federal corporate tax rate of 21% for the years ended December 31, 2021, 2020 and 2019, to income (loss) before income taxes) for the following reasons: Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Computed "expected" tax expense (benefit) $ 22,187 $ 10,297 $ 16,365 Increase (decrease) in taxes resulting from: Tax-exempt interest income (526) (528) (675) Other tax-exempt income (734) (799) (652) Low-income housing and energy tax credits (365) (332) (182) State income taxes, net of Federal income tax effect, excluding impact of deferred tax valuation allowance 5,377 2,590 4,345 Change in the beginning-of-the-year balance of the valuation allowance for deferred tax assets allocated to income tax expense (39) (22) (41) Other, net (142) 554 445 Total $ 25,758 $ 11,760 $ 19,605
Schedule of the tax effects of temporary differences giving rise to significant portions of the deferred tax assets and deferred tax liabilities	The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows: December 31, (Dollars in thousands) 2021 2020 Deferred tax assets Lease liability $ 10,891 $ 12,624 Allowance for credit losses 14,382 17,576 Accrued expenses 3,616 2,447 Employee retirement benefits 2,547 3,143 State net operating loss carryforwards 3,091 3,134 Restricted stock and non-qualified stock options 611 963 Premises and equipment 4,678 3,996 Other 6,333 4,787 Total deferred tax assets 46,149 48,670 Deferred tax liabilities Right-of-use lease asset 10,546 12,267 Intangible assets 2,604 3,174 Other 3,808 3,383 Total deferred tax liabilities 16,958 18,824 Less: Deferred tax valuation allowance 3,359 3,398 Net deferred tax assets $ 25,832 $ 26,448

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of components of other comprehensive income (loss)	The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019, by component: (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2021 Net unrealized losses on investment securities: Net unrealized losses arising during the period $ (41,237) $ (11,030) $ (30,207) Add: Reclassification adjustment for gains realized in net income (150) (40) (110) Net unrealized losses on investment securities (41,387) (11,070) (30,317) Defined benefit plans: Net actuarial gains arising during the period 2,014 544 1,470 Amortization of net actuarial losses 1,036 291 745 Amortization of net transition obligation 18 4 14 Amortization of prior service cost — — — Defined benefit plans, net 3,068 839 2,229 Other comprehensive loss $ (38,319) $ (10,231) $ (28,088) (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2020 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 15,939 $ 4,260 $ 11,679 Less: Reclassification adjustment for losses realized in net income 201 54 147 Net unrealized gains on investment securities 16,140 4,314 11,826 Defined benefit plans: Net actuarial losses arising during the period (1,488) (508) (980) Amortization of net actuarial losses 1,160 310 850 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 14 4 10 Defined benefit plans, net (296) (189) (107) Other comprehensive income $ 15,844 $ 4,125 $ 11,719 (Dollars in thousands) Before Tax Tax Effect Net of Tax Year ended December 31, 2019 Net unrealized gains on investment securities: Net unrealized gains arising during the period $ 37,696 $ 10,102 $ 27,594 Add: Reclassification adjustment for losses realized in net income (36) (10) (26) Net unrealized gains on investment securities 37,660 10,092 27,568 Defined benefit plans: Net actuarial losses arising during the period (1,106) (296) (810) Amortization of net actuarial losses 1,117 299 818 Amortization of net transition obligation 18 5 13 Amortization of prior service cost 18 5 13 Defined benefit plans, net 47 13 34 Other comprehensive income $ 37,707 $ 10,105 $ 27,602
Schedule of changes in each component of AOCI, net of tax	The following table presents the changes in each component of AOCI, net of tax, for the years ended December 31, 2021, 2020 and 2019: (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2021 Balance at beginning of period $ 26,651 $ (6,523) $ 20,128 Other comprehensive income (loss) before reclassifications (30,207) 1,470 (28,737) Amounts reclassified from AOCI (110) 759 649 Net other comprehensive income (loss) (30,317) 2,229 (28,088) Balance at end of period $ (3,666) $ (4,294) $ (7,960) (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2020 Balance at beginning of period $ 14,825 $ (6,416) $ 8,409 Other comprehensive income (loss) before reclassifications 11,679 (980) 10,699 Amounts reclassified from AOCI 147 873 1,020 Net other comprehensive income (loss) 11,826 (107) 11,719 Balance at end of period $ 26,651 $ (6,523) $ 20,128 (Dollars in thousands) Investment Defined AOCI Year ended December 31, 2019 Balance at beginning of period $ (9,643) $ (6,450) $ (16,093) Impact of adoption of new accounting standards (3,100) — (3,100) Adjusted balance at beginning of period (12,743) (6,450) (19,193) Other comprehensive income (loss) before reclassifications 27,594 (810) 26,784 Amounts reclassified from AOCI (26) 844 818 Total other comprehensive income (loss) 27,568 34 27,602 Balance at end of period $ 14,825 $ (6,416) $ 8,409
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 years ended December 31, 2021, 2020 and 2019: Amount Reclassified from AOCI Affected Line Item in the Year ended December 31, Statement Where Net Details about AOCI Components 2021 2020 2019 Income is Presented (Dollars in thousands) Sale of available-for-sale investment securities: Realized gains (losses) on available-for-sale investment securities $ 150 $ (201) $ 36 Net gains (losses) on sales of investment securities Tax effect (40) 54 (10) Income tax benefit (expense) Net of tax $ 110 $ (147) $ 26 Defined benefit plan items: Amortization of net actuarial losses $ (1,036) $ (1,160) $ (1,117) Salaries and employee benefits (1) Amortization of net transition obligation (18) (18) (18) Salaries and employee benefits (1) Amortization of prior service cost — (14) (18) Salaries and employee benefits (1) Total before tax (1,054) (1,192) (1,153) Tax effect 295 319 309 Income tax expense Net of tax $ (759) $ (873) $ (844) Total reclassifications, net of tax $ (649) $ (1,020) $ (818)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of information used to compute basic and diluted earnings per share	The table below presents the information used to compute basic and diluted earnings per share for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, (In thousands, except per share data) 2021 2020 2019 Net income $ 79,894 $ 37,273 $ 58,322 Weighted-average shares outstanding for basic earnings per share 28,003,744 28,074,543 28,495,699 Add: Dilutive effect of employee stock options and awards 253,579 106,033 181,401 Weighted-average shares outstanding for diluted earnings per share 28,257,323 28,180,576 28,677,100 Basic earnings per share $ 2.85 $ 1.33 $ 2.05 Diluted earnings per share $ 2.83 $ 1.32 $ 2.03

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Schedule of financial instruments with off-balance sheet risk	At December 31, 2021 and 2020, financial instruments with off-balance sheet risk were as follows: December 31, (Dollars in thousands) 2021 2020 Notional amount of: Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 1,266,596 $ 1,176,065 Standby letters of credit and financial guarantees written 6,634 10,544 Notional amount of: Financial instruments whose contract amounts exceed the amount of credit risk: Back-to-back swap agreements: Assets 33,112 — Liabilities 33,112 — Interest rate options — 714 Forward interest rate contracts 3,525 16,603 Risk participation agreements 37,531 37,762

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 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 December 31, 2021 Financial assets: Cash and due from financial institutions $ 81,506 $ 81,506 $ 81,506 $ — $ — Interest-bearing deposits in other financial institutions 247,401 247,401 247,401 — — Investment securities 1,631,699 1,631,699 — 1,623,080 8,619 Loans held for sale 3,531 3,531 — 3,531 — Loans, net of ACL 5,033,552 4,741,379 — — 4,741,379 Accrued interest receivable 16,709 16,709 16,709 — — Financial liabilities: Deposits: Noninterest-bearing deposits 2,291,246 2,291,246 2,291,246 — — Interest-bearing demand and savings deposits 3,641,180 3,641,180 3,641,180 — — Time deposits 706,732 704,645 — — 704,645 FHLB advances and other short-term borrowings — — — — — Long-term debt 105,616 94,558 — — 94,558 Accrued interest payable (included in other liabilities) 1,122 1,122 1,122 — — Fair Value Measurement Using (Dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2021 Off-balance sheet financial instruments: Commitments to extend credit $ 1,266,596 $ — $ 1,347 $ — $ 1,347 $ — Standby letters of credit and financial guarantees written 6,634 — 100 — 100 — Derivatives: Back-to-back swap agreements: Assets 33,112 435 435 — — 435 Liabilities 33,112 (435) (435) — — (435) Forward sale commitments 3,525 1 1 — 1 — Risk participation agreements 37,531 (16) (16) — — (16) Fair Value Measurement Using (Dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2020 Financial assets: Cash and due from financial institutions $ 97,546 $ 97,546 $ 97,546 $ — $ — Interest-bearing deposits in other financial institutions 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 — Loans, net of ACL 4,880,844 4,795,776 — — 4,795,776 Accrued interest receivable 20,224 20,224 20,224 — — Financial liabilities: Deposits: Noninterest-bearing deposits 1,790,269 1,790,269 1,790,269 — — Interest-bearing demand and savings deposits 3,106,931 3,106,931 3,106,931 — — Time deposits 898,918 899,562 — — 899,562 FHLB advances and other 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 Off-balance sheet financial instruments: Commitments to extend credit $ 1,176,065 $ 1,313 $ 1,313 $ — $ 1,313 $ — Standby letters of credit and financial guarantees written 10,544 158 158 — 158 — 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)
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following table below presents the fair value of assets and liabilities measured on a recurring basis: Fair Value at Reporting Date Using (Dollars in thousands) Fair Quoted Prices Significant Significant December 31, 2021 Available-for-sale investment securities: Debt securities: States and political subdivisions $ 236,828 $ — $ 229,147 $ 7,681 Corporate securities 40,646 — 40,646 — U.S. Treasury obligations and direct obligations of U.S Government agencies 35,334 — 35,334 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities ("GSEs") 1,198,816 — 1,198,816 — Residential - Non-government sponsored entities ("Non-GSEs") 12,213 — 11,275 938 Commercial - U.S. GSEs and agencies 65,849 — 65,849 — Commercial - Non-GSEs 42,013 — 42,013 — Total investment securities 1,631,699 — 1,623,080 8,619 Derivatives: Interest rate lock commitments, forward sale commitments, risk participation agreements, and back-to-back swap agreements (15) — 1 (16) Total $ 1,631,684 $ — $ 1,623,081 $ 8,603 Fair Value at Reporting Date Using (Dollars in thousands) Fair Quoted Prices Significant Significant December 31, 2020 Available-for-sale investment 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 ("GSEs") 778,826 — 778,826 — Residential - Non-government sponsored entities ("Non-GSEs") 23,423 — 22,434 989 Commercial - U.S. GSEs and agencies 87,469 — 87,469 — Commercial - Non-GSEs 42,972 — 42,972 — Equity securities 1,351 1,351 — — Total investment securities 1,183,960 1,351 1,170,283 12,326 Derivatives: Interest rate lock commitments, forward sale commitments, risk participation agreements, and back-to-back swap agreements (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	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 as of December 31, 2019 $ 11,255 $ — $ 11,255 Principal payments received (428) — (428) Purchases — 989 989 Unrealized net gain included in other comprehensive income 510 — 510 Balance as of December 31, 2020 11,337 989 12,326 Principal payments received (2,841) (22) (2,863) Purchases — — — Unrealized net loss included in other comprehensive income (815) (29) (844) Balance as of December 31, 2021 $ 7,681 $ 938 $ 8,619

PARENT COMPANY AND REGULATORY_2

PARENT COMPANY AND REGULATORY RESTRICTIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Schedule of actual and required capital ratios as well as the minimum capital adequacy requirements applicable generally to all financial institutions	The following table sets forth actual and required capital and capital ratios for the Company and the bank, as well as the minimum capital adequacy requirements applicable generally to all financial institutions as of the dates indicated. Actual Minimum required for Minimum required to (Dollars in thousands) Amount Ratio Amount Ratio (1) Amount Ratio Company As of December 31, 2021 Tier 1 capital to avg. assets (leverage ratio) $ 622,130 8.5 % $ 293,382 4.0 % N/A Tier 1 capital to risk-weighted assets 622,130 12.2 307,215 6.0 N/A Total capital to risk-weighted assets 741,291 14.5 409,620 8.0 N/A Common equity tier 1 ("CET1") capital to risk-weighted assets 572,130 11.2 230,411 4.5 N/A As of December 31, 2020 Tier 1 capital to avg. assets (leverage ratio) 581,358 8.8 263,979 4.0 N/A Tier 1 capital to risk-weighted assets 581,358 12.9 271,027 6.0 N/A Total capital to risk-weighted assets 686,130 15.2 361,369 8.0 N/A CET1 capital to risk-weighted assets 531,358 11.8 203,270 4.5 N/A Central Pacific Bank As of December 31, 2021 Tier 1 capital to avg. assets (leverage ratio) $ 652,987 8.9 % $ 292,877 4.0 % $ 366,096 5.0 % Tier 1 capital to risk-weighted assets 652,987 12.8 306,497 6.0 408,663 8.0 Total capital to risk-weighted assets 717,000 14.0 408,663 8.0 510,828 10.0 CET1 capital to risk-weighted assets 652,987 12.8 229,873 4.5 332,038 6.5 As of December 31, 2020 Tier 1 capital to avg. assets (leverage ratio) 620,372 9.4 263,735 4.0 329,668 5.0 Tier 1 capital to risk-weighted assets 620,372 13.7 270,820 6.0 361,094 8.0 Total capital to risk-weighted assets 670,087 14.9 361,094 8.0 451,367 10.0 CET1 capital to risk-weighted assets 620,372 13.7 203,115 4.5 293,389 6.5 (1) Under the Basel III Capital Rules, the Company and the bank must also maintain the required Capital Conservation Buffer ("CCB") to avoid becoming subject to restrictions on capital distributions and certain discretionary bonus payments to management. The CCB is calculated as a ratio of CET1 capital to risk-weighted assets, and effectively increases the required minimum risk-based capital ratios. The CCB requirement was phased in over a three-year period that began on January 1, 2016. The phase-in period ended on January 1, 2019, and the CCB is now at its fully phased-in level of 2.5%.
Schedule of condensed balance sheets	December 31, (Dollars in thousands) 2021 2020 Assets Cash and cash equivalents $ 20,090 $ 11,184 Equity investment securities, at fair value — 1,351 Investment in subsidiary bank 639,050 635,673 Other assets 12,029 8,575 Total assets $ 671,169 $ 656,783 Liabilities and Equity Long-term debt $ 105,616 $ 105,385 Other liabilities 7,334 4,713 Total liabilities 112,950 110,098 Total shareholders’ equity 558,219 546,685 Total equity 558,219 546,685 Total liabilities and equity $ 671,169 $ 656,783
Schedule of condensed statements of operations	Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Income: Dividends from subsidiary bank $ 54,016 $ 24,015 $ 42,008 Interest income from subsidiary bank 3 4 5 Other income 43 52 92 Total income 54,062 24,071 42,105 Expense: Interest expense on long-term debt 4,097 2,095 2,453 Other expenses 3,504 1,293 2,599 Total expenses 7,601 3,388 5,052 Income before income taxes and equity in undistributed income of subsidiaries 46,461 20,683 37,053 Income tax expense (benefit) (1,968) (690) (1,289) Income before equity in undistributed income of subsidiaries 48,429 21,373 38,342 Equity in undistributed income of subsidiary bank 31,465 15,900 19,980 Net income $ 79,894 $ 37,273 $ 58,322
Schedule of condensed statements of cash flows	Year Ended December 31, (Dollars in thousands) 2021 2020 2019 Cash flows from operating activities: Net income $ 79,894 $ 37,273 $ 58,322 Adjustments to reconcile net income to net cash provided by operating activities: Deferred income tax expense (benefit) 70 2,552 3,055 Net change in dividends receivable from subsidiary bank — — 21,004 Equity in undistributed loss (income) of subsidiary bank (31,465) (15,900) (19,980) Share-based compensation expense 3,231 3,231 2,735 Net change in other assets and liabilities (85) (3,010) (2,900) Net cash provided by operating activities 51,645 24,146 62,236 Cash flows from investing activities: Contributions to subsidiary bank — (46,750) — Proceeds from sale of investment securities 1,653 — — Distributions from unconsolidated entities — — 622 Net cash provided by (used in) investing activities 1,653 (46,750) 622 Cash flows from financing activities: Net proceeds from issuance of common stock and stock option exercises 1,236 — 151 Net proceeds from subordinated debt — 53,838 — Repayments of long-term debt — — (20,619) Repurchases of common stock (18,669) (4,749) (22,793) Cash dividends paid on common stock (26,959) (25,935) (25,706) Net cash provided by (used in) financing activities (44,392) 23,154 (68,967) Net increase (decrease) in cash and cash equivalents 8,906 550 (6,109) Cash and cash equivalents at beginning of year 11,184 10,634 16,743 Cash and cash equivalents at end of year $ 20,090 $ 11,184 $ 10,634

UNAUDITED QUARTERLY FINANCIAL_2

UNAUDITED QUARTERLY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Schedule of unaudited quarterly financial information	(Dollars in thousands, except per share data) First Second Third Fourth Full Year 2021 Total interest income $ 51,781 $ 53,959 $ 57,969 $ 55,053 $ 218,762 Total interest expense 1,977 1,898 1,883 1,957 7,715 Net interest income 49,804 52,061 56,086 53,096 211,047 Provision (credit) for credit losses (821) (3,443) (2,635) (7,692) (14,591) Net interest income after provision (credit) for credit losses 50,625 55,504 58,721 60,788 225,638 Other operating income 10,711 10,530 10,253 11,566 43,060 Other operating expense 37,846 41,433 41,345 42,422 163,046 Income before income taxes 23,490 24,601 27,629 29,932 105,652 Income tax expense 5,452 5,887 6,814 7,605 25,758 Net income $ 18,038 $ 18,714 $ 20,815 $ 22,327 $ 79,894 Per Common Share: Basic earnings per share $ 0.64 $ 0.66 $ 0.74 $ 0.80 $ 2.85 Diluted earnings per share 0.64 0.66 0.74 0.80 2.83 Dividends declared per share 0.23 0.24 0.24 0.25 0.96 Performance Ratios: Return on average assets (ROA) 1.07 % 1.06 % 1.15 % 1.22 % 1.13 % Return on average equity (ROE) 13.07 % 13.56 % 14.82 % 16.05 % 14.38 % Efficiency ratio 62.54 % 66.20 % 62.32 % 65.61 % 64.16 % Net interest margin (NIM) 3.19 % 3.16 % 3.31 % 3.08 % 3.18 % (Dollars in thousands, except per share data) First Second Third Fourth Full Year 2020 Total interest income $ 53,814 $ 52,950 $ 51,753 $ 53,901 $ 212,418 Total interest expense 5,984 3,691 2,633 2,427 14,735 Net interest income 47,830 49,259 49,120 51,474 197,683 Provision (credit) for credit losses 11,127 11,213 14,873 4,898 42,111 Net interest income after provision (credit) for credit losses 36,703 38,046 34,247 46,576 155,572 Other operating income 8,886 10,692 11,563 14,057 45,198 Other operating expense 34,442 35,854 36,751 44,690 151,737 Income before income taxes 11,147 12,884 9,059 15,943 49,033 Income tax expense 2,821 2,967 2,200 3,772 11,760 Net income $ 8,326 $ 9,917 $ 6,859 $ 12,171 $ 37,273 Per Common Share Basic earnings per share $ 0.30 $ 0.35 $ 0.24 $ 0.43 $ 1.33 Diluted earnings per share 0.29 0.35 0.24 0.43 1.32 Dividends declared per share 0.23 0.23 0.23 0.23 0.92 Performance Ratios Return on average assets (ROA) 0.55 % 0.61 % 0.42 % 0.74 % 0.58 % Return on average equity (ROE) 6.21 % 7.34 % 4.99 % 8.87 % 6.85 % Efficiency ratio 60.73 % 59.81 % 60.56 % 68.20 % 62.47 % Net interest margin (NIM) 3.43 % 3.26 % 3.19 % 3.32 % 3.30 %

RESERVE REQUIREMENTS (Details)

RESERVE REQUIREMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Central Bank
RESERVE REQUIREMENTS
Amount held as a reserve	$ 71.1	$ 80.7

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Description of Business) (Details) - Central Bank	12 Months Ended
	Dec. 31, 2021branchmachine
SEGMENT INFORMATION
Number of branches | branch	30
Number of ATMs | machine	69

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Principles of Consolidation, Investment Securities, Loans Held For Sale, Loans and Leases) (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2021USD ($)	Jan. 31, 2020
Consolidation
Investments in unconsolidated subsidiaries accounted for under the equity methods	$ 200	$ 200	$ 300
Proportional Amortization Investments	25,900	25,900	28,100
Investments in unconsolidated subsidiaries accounted for under the cost methods	3,600	3,600	1,600
Investment Securities
Available for sale accrued interest receivable	4,600	$ 4,600	3,900
Loans Held for Sale
Number of types of loans held for sale | loan		2
Loans
Accrued interest receivable on loans	12,100	$ 12,100	16,200
Reserve against accrued receivable	200	200
Provision for credit losses	$ 200	$ (14,591)	$ 42,111	$ 6,346
Oahu HomeLoans, LLC
Consolidation
Ownership interest						50.00%
Gentry Home Loans LLC
Consolidation
Ownership interest	50.00%	50.00%
Haseko Home Loans LLC
Consolidation
Ownership interest	50.00%	50.00%
Island Pacific HomeLoans, LLC
Consolidation
Ownership interest	50.00%	50.00%
JAM FINTOP Banktech Fund, L.P.
Consolidation
Investments in unconsolidated subsidiaries accounted for under the equity methods					$ 2,000

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Premises and Equipment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Premises and Equipment
Right-of-use lease asset	$ 39,441	$ 45,857
Lease liability	$ 40,731	$ 47,191
Office buildings and improvements | Minimum
Premises and Equipment
Useful life	5 years
Office buildings and improvements | Maximum
Premises and Equipment
Useful life	39 years
Equipment | Minimum
Premises and Equipment
Useful life	1 year
Equipment | Maximum
Premises and Equipment
Useful life	7 years

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Other Intangible Assets and Non-Controlling Interest) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Non-controlling interest	$ 48	$ 48

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (New Accounting Policies and Accounting Standards Adopted) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated deficit	$ (42,015)	$ 10,920
Reserve for off-balance sheet credit exposures (included in other liabilities)	$ 4,804	4,884	$ 1,272	$ 1,243
Impact of adoption of new accounting standards
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for off-balance sheet credit exposures (included in other liabilities)		0	740	0
Adjusted balance at beginning of period
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for off-balance sheet credit exposures (included in other liabilities)		$ 4,884	$ 2,012	$ 1,243

INVESTMENT SECURITIES (Amortiza

INVESTMENT SECURITIES (Amortization Cost and Fair Value of Equity Investment Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Equity securities, amortized cost	$ 0	$ 1,068
Equity securities, at fair value	0	$ 1,351
Debt securities, available-for-sale, amortized cost	$ 1,646,508

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Available for Sale
Amortized Cost	$ 1,646,508	$ 1,156,031
Gross Unrealized Gains	9,924	28,005
Gross Unrealized Losses	(24,733)	(1,427)
Fair Value	1,631,699	1,182,609
Equity securities, amortized cost	0	1,068
Equity securities, gross unrealized gains	0	283
Equity securities, gross unrealized losses	0	0
Equity securities, at fair value	0	1,351
States and political subdivisions
Available for Sale
Amortized Cost	235,521	163,573
Gross Unrealized Gains	3,156	5,370
Gross Unrealized Losses	(1,849)	(177)
Fair Value	236,828	168,766
Corporate securities
Available for Sale
Amortized Cost	41,687	47,351
Gross Unrealized Gains	24	788
Gross Unrealized Losses	(1,065)	(131)
Fair Value	40,646	48,008
U.S. Treasury obligations and direct obligations of U.S Government agencies
Available for Sale
Amortized Cost	35,833	33,413
Gross Unrealized Gains	69	18
Gross Unrealized Losses	(568)	(286)
Fair Value	35,334	33,145
Residential - U.S. Government-sponsored entities ("GSEs")
Available for Sale
Amortized Cost	1,213,910	762,309
Gross Unrealized Gains	4,899	16,816
Gross Unrealized Losses	(19,993)	(299)
Fair Value	1,198,816	778,826
Residential - Non-government sponsored entities
Available for Sale
Amortized Cost	11,942	22,671
Gross Unrealized Gains	335	786
Gross Unrealized Losses	(64)	(34)
Fair Value	12,213	23,423
Commercial - Non-GSEs
Available for Sale
Amortized Cost	41,328	41,309
Gross Unrealized Gains	685	1,663
Gross Unrealized Losses	0	0
Fair Value	42,013	42,972
Commercial - U.S. GSEs and agencies
Available for Sale
Amortized Cost	66,287	85,405
Gross Unrealized Gains	756	2,564
Gross Unrealized Losses	(1,194)	(500)
Fair Value	$ 65,849	$ 87,469

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)security	Dec. 31, 2020USD ($)security	Dec. 31, 2019USD ($)
Available for Sale, Amortized Cost
Due in one year or less	$ 18,958
Due after one year through five years	21,579
Due after five years through ten years	84,715
Due after ten years	187,789
Total	1,646,508
Equity securities, amortized cost	0	$ 1,068
Available for Sale, Estimated Fair Value
Due in one year or less	19,002
Due after one year through five years	22,190
Due after five years through ten years	84,411
Due after ten years	187,205
Available-for-sale debt securities, at fair value	1,631,699	1,182,609
Equity securities, at fair value	0	1,351
Available for sale
Proceeds from the sale of available-for-sale investment securities	279,500
Proceeds from sales of available-for-sale and equity investment securities	281,191	180,103
Net gains (losses) on sales of investment securities	150	(201)	$ 36
Gross realized gains	3,400	700
Gross realized losses	3,200	900
Proceeds from sale of equity method i investment securities	1,700
Gross proceeds from sale of available for sale investment securities			53,935
Gross realized losses			47
Gross realized gains			$ 83
Investment securities pledged to party with no right to sell or repledge the collateral	$ 455,800	$ 483,600
Number of investment securities in an unrealized loss position | security	153	37
Residential - U.S. Government-sponsored entities ("GSEs")
Available for Sale, Amortized Cost
Mortgage-backed securities	$ 1,213,910
Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Available for Sale, Estimated Fair Value
Mortgage-backed securities	1,198,816
Commercial - Non-GSEs
Available for Sale, Amortized Cost
Mortgage-backed securities	41,328
Mortgage-backed Securities, Issued by Private Enterprises, Residential [Member]
Available for Sale, Amortized Cost
Mortgage-backed securities	11,942
Commercial - U.S. GSEs and agencies
Available for Sale, Amortized Cost
Mortgage-backed securities	66,287
Available for Sale, Estimated Fair Value
Mortgage-backed securities	12,213
Residential - Non-Government Agencies
Available for Sale, Estimated Fair Value
Mortgage-backed securities	65,849
Mortgage Backed Securities Commercial Non Government Agencies [Member]
Available for Sale, Estimated Fair Value
Mortgage-backed securities	$ 42,013

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Investment Holdings [Line Items]
Less than 12 months, Fair Value	$ 1,036,979		$ 126,530
Less than 12 months, Unrealized Losses	(17,990)		(1,165)
12 months or longer, Fair Value	175,681		20,925
12 months or longer, Unrealized Losses	(6,743)		(262)
Total, Fair Value	1,212,660		147,455
Total, Unrealized Losses	(24,733)		(1,427)
Common Stock, Value, Issued	426,091		442,635
States and political subdivisions
Investment Holdings [Line Items]
Less than 12 months, Fair Value	79,360		21,313
Less than 12 months, Unrealized Losses	(1,252)		(177)
12 months or longer, Fair Value	10,864		0
12 months or longer, Unrealized Losses	(597)		0
Total, Fair Value	90,224		21,313
Total, Unrealized Losses	(1,849)		(177)
Corporate securities
Investment Holdings [Line Items]
Less than 12 months, Fair Value	8,633
Less than 12 months, Unrealized Losses	(235)
12 months or longer, Fair Value	21,960
12 months or longer, Unrealized Losses	(830)
Total, Fair Value	30,593
Total, Unrealized Losses	(1,065)
U.S. Treasury obligations and direct obligations of U.S Government agencies
Investment Holdings [Line Items]
Less than 12 months, Fair Value	16,103		5,980
Less than 12 months, Unrealized Losses	(415)		(24)
12 months or longer, Fair Value	10,891		20,925
12 months or longer, Unrealized Losses	(153)		(262)
Total, Fair Value	26,994		26,905
Total, Unrealized Losses	(568)		(286)
Residential - U.S. Government-sponsored entities ("GSEs")
Investment Holdings [Line Items]
Less than 12 months, Fair Value	926,570		76,402
Less than 12 months, Unrealized Losses	(15,883)		(299)
12 months or longer, Fair Value	114,747		0
12 months or longer, Unrealized Losses	(4,110)		0
Total, Fair Value	1,041,317		76,402
Total, Unrealized Losses	(19,993)		(299)
Residential - Non-government sponsored entities
Investment Holdings [Line Items]
Less than 12 months, Fair Value	0		989
Less than 12 months, Unrealized Losses	0		(34)
12 months or longer, Fair Value	938		0
12 months or longer, Unrealized Losses	(64)		0
Total, Fair Value	938		989
Total, Unrealized Losses	(64)		(34)
Commercial - Non-GSEs
Investment Holdings [Line Items]
Less than 12 months, Fair Value	6,313		16,977
Less than 12 months, Unrealized Losses	(205)		(500)
12 months or longer, Fair Value	16,281		0
12 months or longer, Unrealized Losses	(989)		0
Total, Fair Value	22,594		16,977
Total, Unrealized Losses	$ (1,194)		$ (500)
Common Class B | Visa
Investment Holdings [Line Items]
Investment Owned, Balance, Shares	34,631
Common Class A | Visa
Investment Holdings [Line Items]
Common Stock, Value, Issued		$ 2,600
Investment Owned, Balance, Shares		11,170

LOANS AND LEASES (Loans and Lea

LOANS AND LEASES (Loans and Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
LOANS AND LEASES
Loans and leases, gross	$ 5,105,758	$ 4,972,004
Net deferred costs	(4,109)	(7,891)
Total loans	5,101,649	4,964,113
Commercial, financial and agricultural:
LOANS AND LEASES
Loans and leases, gross		545,136
Net deferred costs		(45)
Total loans		545,091
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP")
LOANS AND LEASES
Loans and leases, gross	94,850	425,993
Net deferred costs	(3,523)	(9,618)
Total loans	91,327	416,375
Commercial, financial and agricultural: | Other
LOANS AND LEASES
Loans and leases, gross	530,383	545,136
Net deferred costs	(262)
Total loans	530,121
Real estate | Construction
LOANS AND LEASES
Loans and leases, gross	123,351	125,625
Net deferred costs	(484)	(218)
Total loans	122,867	125,407
Real estate | Residential mortgage
LOANS AND LEASES
Loans and leases, gross	1,875,200	1,687,251
Net deferred costs	780	2,961
Total loans	1,875,980	1,690,212
Real estate | Home equity
LOANS AND LEASES
Loans and leases, gross	635,721	550,216
Net deferred costs	1,528	1,050
Total loans	637,249	551,266
Real estate | Commercial mortgage
LOANS AND LEASES
Loans and leases, gross	1,222,138	1,158,203
Net deferred costs	(1,934)	(1,875)
Total loans	1,220,204	1,156,328
Consumer | Consumer
LOANS AND LEASES
Loans and leases, gross	624,115	479,580
Net deferred costs	(214)	(146)
Total loans	$ 623,901	$ 479,434

LOANS AND LEASES (Narrative) (D

LOANS AND LEASES (Narrative) (Details) $ in Thousands	Mar. 27, 2020	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)segmentloan	Dec. 31, 2019USD ($)	Aug. 31, 2020USD ($)segment
LOANS AND LEASES
Debt instrument, interest rate, stated percentage	1.00%
Number of loans issued by financial institutions through the SBA | segment			4,600		7,200
Loans issued by financial institutions through the SBA			$ 320,900		$ 558,900
Processing fees from loans issued by financial institutions through the SBA			18,400		$ 21,200
Net deferred costs (income)		$ (4,109)	(7,891)
Net transfer of portfolio loans to loans held for sale		0	$ 6,565	$ 0
Gain (loss) on sale of loans		$ 100
Mortgage loans foreclosure, number | loan		0	1
Mortgage loans foreclosure, amount			$ 100
Mortgage loans foreclosure, gain on transfer			$ 0
Mortgage loans foreclosure, number sold | loan			2
Proceeds from sales of foreclosed loans and other real estate		$ 0	$ 213	$ 140
Gross loss on sales of foreclosed assets			15
Loans and Leases Receivable, Related Parties		36,400	42,300
Payment For (Proceeds From) Loans And Leases, Payment Of PPP Loans Forgiven		784,900
Debt Instrument, Deferrals, Amount		400	120,200
Minimum
LOANS AND LEASES
Debt instrument, term	2 years
Debt issuance costs, percent	1.00%
Maximum
LOANS AND LEASES
Debt instrument, term	5 years
Debt issuance costs, percent	5.00%
Commercial, financial and agricultural:
LOANS AND LEASES
Net deferred costs (income)			(45)
Residential mortgage | Real estate
LOANS AND LEASES
Net deferred costs (income)		780	2,961
Loans in foreclosure		700	1,600
Small Business Administration Paycheck Protection Program ("SBA PPP") | Commercial, financial and agricultural:
LOANS AND LEASES
Net deferred costs (income)		$ (3,523)	$ (9,618)

LOANS AND LEASES (Purchases) (D

LOANS AND LEASES (Purchases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	$ 271,245	$ 54,777
Purchase (discount) premium	(4,533)	(1,619)
Purchase price	266,712	53,158
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	199,813	54,777
Purchase (discount) premium	(9,613)	(1,619)
Purchase price	190,200	53,158
Consumer - Automobile
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	71,432	0
Purchase (discount) premium	5,080	0
Purchase price	$ 76,512	$ 0

LOANS AND LEASES (Allowance for

LOANS AND LEASES (Allowance for Loan and Lease Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
LOANS AND LEASES
Collateral-Dependent Financing Receivable	$ 9,177	$ 11,659
Allocated ACL	0	209
Loans and leases :
Loans and leases	5,105,758	4,972,004
Net deferred costs (income)	(4,109)	(7,891)
Total loans	5,101,649	4,964,113
1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	9,177	10,357
Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	626
Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	676
Commercial, financial and agricultural:
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	676
Allocated ACL	0	209
Loans and leases :
Loans and leases		545,136
Net deferred costs (income)		(45)
Total loans		545,091
Commercial, financial and agricultural: | 1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	0
Commercial, financial and agricultural: | Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	0
Commercial, financial and agricultural: | Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	676
Real Estate | Construction
Loans and leases :
Loans and leases	123,351	125,625
Net deferred costs (income)	(484)	(218)
Total loans	122,867	125,407
Real Estate | Residential mortgage
Loans and leases :
Loans and leases	1,875,200	1,687,251
Net deferred costs (income)	780	2,961
Total loans	1,875,980	1,690,212
Real Estate | Home equity
LOANS AND LEASES
Collateral-Dependent Financing Receivable	786	524
Allocated ACL	0	0
Loans and leases :
Loans and leases	635,721	550,216
Net deferred costs (income)	1,528	1,050
Total loans	637,249	551,266
Real Estate | Home equity | 1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	786	524
Real Estate | Home equity | Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	0
Real Estate | Home equity | Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	0
Real Estate | Commercial mortgage
Loans and leases :
Loans and leases	1,222,138	1,158,203
Net deferred costs (income)	(1,934)	(1,875)
Total loans	1,220,204	1,156,328
Real Estate | Residential mortgage:
LOANS AND LEASES
Collateral-Dependent Financing Receivable	8,391	9,833
Allocated ACL	0	0
Real Estate | Residential mortgage: | 1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	8,391	9,833
Real Estate | Residential mortgage: | Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	0
Real Estate | Residential mortgage: | Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	0
Real Estate | Commercial mortgage:
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	626
Allocated ACL	0	0
Real Estate | Commercial mortgage: | 1-4 Family Residential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	0
Real Estate | Commercial mortgage: | Nonfarm Nonresidential Properties [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	626
Real Estate | Commercial mortgage: | Real Estate and Business Assets [Member]
LOANS AND LEASES
Collateral-Dependent Financing Receivable	0	0
Consumer | Consumer
Loans and leases :
Loans and leases	624,115	479,580
Net deferred costs (income)	(214)	(146)
Total loans	$ 623,901	$ 479,434

LOANS AND LEASES (Aging of Reco

LOANS AND LEASES (Aging of Recorded Investment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 5,101,649	$ 4,964,113
Nonaccrual Loans	5,881	6,192
Total Past Due and Nonaccrual	18,161	15,390
Loans	5,101,649	4,964,113
Nonaccrual Loans with No ACL	5,409	4,639
Interest Income, Nonaccrual	800	400	$ 3,100
Interest Income, Accrual	300	200	300
Interest income collected and recognized on charged-off loans	300	200	$ 300
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	9,601	6,443
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,316	1,948
Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,363	807
Financial Asset, Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	5,083,488	4,948,723
Commercial, financial and agricultural:
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Nonaccrual Loans		1,461
Total Past Due and Nonaccrual		2,424
Loans		545,091
Nonaccrual Loans with No ACL		0
Commercial, financial and agricultural: | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due		613
Commercial, financial and agricultural: | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due		350
Commercial, financial and agricultural: | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due		0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP")
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	91,327	416,375
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	0
Loans	91,327	416,375
Nonaccrual Loans with No ACL	0	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Financial Asset, Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	91,327	416,375
Commercial, financial and agricultural: | Other
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	530,121	545,091
Nonaccrual Loans	183
Total Past Due and Nonaccrual	2,702
Loans	530,121
Nonaccrual Loans with No ACL	0
Commercial, financial and agricultural: | Other | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	970
Commercial, financial and agricultural: | Other | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	604
Commercial, financial and agricultural: | Other | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	945
Commercial, financial and agricultural: | Other | Financial Asset, Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	527,419	542,667
Real estate | Construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	122,867	125,407
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	638	0
Loans	122,867	125,407
Nonaccrual Loans with No ACL	0	0
Real estate | Construction | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	638	0
Real estate | Construction | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Construction | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Construction | Financial Asset, Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	122,229	125,407
Real estate | Residential mortgage
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,875,980	1,690,212
Nonaccrual Loans	4,623	4,115
Total Past Due and Nonaccrual	9,938	8,203
Loans	1,875,980	1,690,212
Nonaccrual Loans with No ACL	4,623	4,115
Real estate | Residential mortgage | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	5,315	2,832
Real estate | Residential mortgage | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	689
Real estate | Residential mortgage | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	567
Real estate | Residential mortgage | Financial Asset, Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,866,042	1,682,009
Real estate | Home equity
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	637,249	551,266
Nonaccrual Loans	786	524
Total Past Due and Nonaccrual	1,064	800
Loans	637,249	551,266
Nonaccrual Loans with No ACL	786	524
Real estate | Home equity | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	234	273
Real estate | Home equity | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	3
Real estate | Home equity | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	44	0
Real estate | Home equity | Financial Asset, Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	636,185	550,466
Real estate | Commercial mortgage
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,220,204	1,156,328
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	0
Loans	1,220,204	1,156,328
Nonaccrual Loans with No ACL	0	0
Real estate | Commercial mortgage | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Commercial mortgage | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Commercial mortgage | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real estate | Commercial mortgage | Financial Asset, Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,220,204	1,156,328
Consumer | Consumer Loan
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	623,901	479,434
Nonaccrual Loans	289	92
Total Past Due and Nonaccrual	3,819	3,963
Nonaccrual Loans with No ACL	0	0
Consumer | Consumer Loan | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,444	2,725
Consumer | Consumer Loan | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	712	906
Consumer | Consumer Loan | Accruing Loans 90+  Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	374	240
Consumer | Consumer Loan | Financial Asset, Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 620,082	$ 475,471

LOANS AND LEASES (Modifications

LOANS AND LEASES (Modifications) (Details)	12 Months Ended
	Dec. 31, 2021USD ($)contractloan	Dec. 31, 2020USD ($)contractloan	Dec. 31, 2019USD ($)contractloan
Information related to loans modified in a TDR
Debt instrument, deferrals not classified as TDRs	$ 400,000	$ 119,300,000
Number of Loans | contract	1	13	1
Recorded Investment	$ 48,000	$ 1,160,000	$ 104,000
Increase in the ACL	$ 0	$ 0	$ 0
Loans modified as a TDR within the previous twelve months that subsequently defaulted
Number of loans modified as a TDR | loan	0	0	0
Accruing Loans 90+  Days Past Due
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	$ 0	$ 0
Consumer
Information related to loans modified in a TDR
Number of Loans | contract		11
Recorded Investment		$ 207,000
Increase in the ACL		$ 0
Real estate | Residential mortgage
Information related to loans modified in a TDR
Number of Loans | contract	1	1	1
Recorded Investment	$ 48,000	$ 677,000	$ 104,000
Increase in the ACL	0	$ 0	$ 0
Real estate | Commercial Mortgage
Information related to loans modified in a TDR
Number of Loans | contract		1
Recorded Investment		$ 276,000
Increase in the ACL		0
Nonperforming Financial Instruments
Information related to loans modified in a TDR
Amount of TDRs still accruing interest	$ 4,900,000	$ 7,800,000
Nonperforming Financial Instruments | HAWAII | Residential portfolio segment
Information related to loans modified in a TDR
Number of TDRs included in nonperforming assets | loan	4	2
Combined principal balance of troubled debt restructurings included in nonperforming assets	$ 400,000	$ 300,000

LOANS AND LEASES (Class and Cre

LOANS AND LEASES (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Recorded investment in the loans and leases, by class and credit indicator
2021	$ 1,477,594
2020	818,102
2019	496,532
2018	348,831
2017	317,010
Prior	921,711
Amortized Cost of Revolving Loans	721,869
Total	5,101,649	$ 4,964,113
Loans and leases, gross	5,105,758	4,972,004
Net deferred costs (income)	(4,109)	(7,891)
Total loans	5,101,649	4,964,113
Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	5,029,759	4,779,727
Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	31,686	142,499
Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	44,160	49,730
Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	153	48
Commercial, financial and agricultural:
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		545,136
Net deferred costs (income)		(45)
Total loans		545,091
Commercial, financial and agricultural: | Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		471,085
Commercial, financial and agricultural: | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		67,177
Commercial, financial and agricultural: | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		6,874
Commercial, financial and agricultural: | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross		0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP")
Recorded investment in the loans and leases, by class and credit indicator
2021	84,254
2020	7,073
2019	0
2018	0
2017	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	91,327	416,375
Loans and leases, gross	94,850	425,993
Net deferred costs (income)	(3,523)	(9,618)
Total loans	91,327	416,375
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Pass
Recorded investment in the loans and leases, by class and credit indicator
2021	84,254
2020	7,073
2019	0
2018	0
2017	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	91,327
Loans and leases, gross	94,850	425,993
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Commercial, financial and agricultural: | Other
Recorded investment in the loans and leases, by class and credit indicator
2021	124,170
2020	70,281
2019	59,367
2018	53,153
2017	47,111
Prior	96,158
Amortized Cost of Revolving Loans	79,881
Total	530,121	545,091
Loans and leases, gross	530,383	545,136
Net deferred costs (income)	(262)
Total loans	530,121
Commercial, financial and agricultural: | Other | Pass
Recorded investment in the loans and leases, by class and credit indicator
2021	122,729
2020	68,021
2019	56,531
2018	52,375
2017	31,817
Prior	93,957
Amortized Cost of Revolving Loans	79,131
Total	504,561
Loans and leases, gross	504,823
Commercial, financial and agricultural: | Other | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2021	1,441
2020	1,278
2019	2,443
2018	96
2017	8,671
Prior	354
Amortized Cost of Revolving Loans	0
Total	14,283
Loans and leases, gross	14,283
Commercial, financial and agricultural: | Other | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	982
2019	393
2018	682
2017	6,623
Prior	1,847
Amortized Cost of Revolving Loans	750
Total	11,277
Loans and leases, gross	11,277
Commercial, financial and agricultural: | Other | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0
Real estate | Construction
Recorded investment in the loans and leases, by class and credit indicator
2021	35,236
2020	25,430
2019	3,196
2018	29,251
2017	288
Prior	20,090
Amortized Cost of Revolving Loans	9,376
Total	122,867	125,407
Loans and leases, gross	123,351	125,625
Net deferred costs (income)	(484)	(218)
Total loans	122,867	125,407
Real estate | Construction | Pass
Recorded investment in the loans and leases, by class and credit indicator
2021	35,236
2020	25,430
2019	3,196
2018	28,333
2017	288
Prior	20,090
Amortized Cost of Revolving Loans	9,376
Total	121,949
Loans and leases, gross	122,433	122,782
Real estate | Construction | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	2,843
Real estate | Construction | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	0
2019	0
2018	918
2017	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	918
Loans and leases, gross	918	0
Real estate | Construction | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Residential mortgage
Recorded investment in the loans and leases, by class and credit indicator
Total	1,875,980	1,690,212
Loans and leases, gross	1,875,200	1,687,251
Net deferred costs (income)	780	2,961
Total loans	1,875,980	1,690,212
Real estate | Residential mortgage | Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,869,604	1,680,762
Real estate | Residential mortgage | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	973	1,736
Real estate | Residential mortgage | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	4,623	4,753
Real estate | Residential mortgage | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Home equity
Recorded investment in the loans and leases, by class and credit indicator
2021	26,479
2020	13,184
2019	10,329
2018	10,672
2017	480
Prior	8,318
Amortized Cost of Revolving Loans	567,787
Total	637,249	551,266
Loans and leases, gross	635,721	550,216
Net deferred costs (income)	1,528	1,050
Total loans	637,249	551,266
Real estate | Home equity | Pass
Recorded investment in the loans and leases, by class and credit indicator
2021	26,479
2020	13,008
2019	10,329
2018	10,593
2017	480
Prior	7,743
Amortized Cost of Revolving Loans	567,600
Total	636,232
Loans and leases, gross	634,704	548,985
Real estate | Home equity | Special Mention
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	187
Total	187
Loans and leases, gross	187	707
Real estate | Home equity | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	176
2019	0
2018	79
2017	0
Prior	575
Amortized Cost of Revolving Loans	0
Total	830
Loans and leases, gross	830	524
Real estate | Home equity | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Commercial mortgage
Recorded investment in the loans and leases, by class and credit indicator
Total	1,220,204	1,156,328
Loans and leases, gross	1,222,138	1,158,203
Net deferred costs (income)	(1,934)	(1,875)
Total loans	1,220,204	1,156,328
Real estate | Commercial mortgage | Pass
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	1,180,074	1,051,122
Real estate | Commercial mortgage | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	16,062	69,786
Real estate | Commercial mortgage | Substandard
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	26,002	37,295
Real estate | Commercial mortgage | Loss
Recorded investment in the loans and leases, by class and credit indicator
Loans and leases, gross	0	0
Real estate | Residential mortgage:
Recorded investment in the loans and leases, by class and credit indicator
2021	670,011
2020	479,864
2019	180,687
2018	76,397
2017	93,275
Prior	375,704
Amortized Cost of Revolving Loans	42
Total	1,875,980
Real estate | Residential mortgage: | Pass
Recorded investment in the loans and leases, by class and credit indicator
2021	670,011
2020	478,891
2019	180,687
2018	75,820
2017	92,394
Prior	372,539
Amortized Cost of Revolving Loans	42
Total	1,870,384
Real estate | Residential mortgage: | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	973
2019	0
2018	0
2017	0
Prior	0
Amortized Cost of Revolving Loans	0
Total	973
Real estate | Residential mortgage: | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	0
2019	0
2018	577
2017	881
Prior	3,165
Amortized Cost of Revolving Loans	0
Total	4,623
Real estate | Commercial mortgage:
Recorded investment in the loans and leases, by class and credit indicator
2021	229,108
2020	126,169
2019	151,450
2018	137,283
2017	155,108
Prior	411,614
Amortized Cost of Revolving Loans	9,472
Total	1,220,204
Real estate | Commercial mortgage: | Pass
Recorded investment in the loans and leases, by class and credit indicator
2021	229,108
2020	126,169
2019	146,584
2018	126,014
2017	153,041
Prior	387,751
Amortized Cost of Revolving Loans	9,472
Total	1,178,139
Real estate | Commercial mortgage: | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	0
2019	3,106
2018	3,219
2017	283
Prior	9,455
Amortized Cost of Revolving Loans	0
Total	16,063
Real estate | Commercial mortgage: | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	0
2019	1,760
2018	8,050
2017	1,784
Prior	14,408
Amortized Cost of Revolving Loans	0
Total	26,002
Consumer | Consumer
Recorded investment in the loans and leases, by class and credit indicator
2021	308,336
2020	96,101
2019	91,503
2018	42,075
2017	20,748
Prior	9,827
Amortized Cost of Revolving Loans	55,311
Total	623,901
Loans and leases, gross	624,115	479,580
Net deferred costs (income)	(214)	(146)
Total loans	623,901	479,434
Consumer | Consumer | Pass
Recorded investment in the loans and leases, by class and credit indicator
2021	308,326
2020	96,066
2019	91,194
2018	41,995
2017	20,719
Prior	9,446
Amortized Cost of Revolving Loans	55,311
Total	623,057
Loans and leases, gross	623,271	478,998
Consumer | Consumer | Special Mention
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	0
2019	181
2018	0
2017	10
Prior	7
Amortized Cost of Revolving Loans	0
Total	198
Loans and leases, gross	181	250
Consumer | Consumer | Substandard
Recorded investment in the loans and leases, by class and credit indicator
2021	10
2020	35
2019	128
2018	80
2017	19
Prior	221
Amortized Cost of Revolving Loans	0
Total	493
Loans and leases, gross	510	284
Consumer | Consumer | Loss
Recorded investment in the loans and leases, by class and credit indicator
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	153
Amortized Cost of Revolving Loans	0
Total	153
Loans and leases, gross	$ 153	$ 48

ALLOWANCE FOR LOAN AND LEASE _3

ALLOWANCE FOR LOAN AND LEASE LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in the allowance
Beginning balance				$ 83,269				$ 47,971	$ 83,269	$ 47,971	$ 47,916
(Credit) provision for credit losses	$ (7,692)	$ (2,635)	$ (3,443)	(821)	$ 4,898	$ 14,873	$ 11,213	11,127	(14,591)	42,111	6,346
Provision (credit) for credit losses, excluding accrued interest receivable									(14,323)	38,930	6,317
Subtotal									68,946	90,467	54,233
Charge-offs									6,125	11,355	10,748
Recoveries									5,276	4,157	4,486
Net charge-offs (recoveries)									849	7,198	6,262
Ending balance	68,097				83,269				68,097	83,269	47,971
Reserve against accrued receivable	200								200
Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance								3,566		3,566
Ending balance											3,566
Adjusted balance at beginning of period
Changes in the allowance
Beginning balance								51,537		51,537
Ending balance											51,537
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP")
Changes in the allowance
Beginning balance				304				0	304	0	0
Provision (credit) for credit losses, excluding accrued interest receivable									(227)	304	0
Subtotal									77	304	0
Charge-offs									0	0	0
Recoveries									0	0	0
Net charge-offs (recoveries)									0	0	0
Ending balance	77				304				77	304	0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance								0		0
Ending balance											0
Commercial, financial and agricultural: | Small Business Administration Paycheck Protection Program ("SBA PPP") | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance								0		0
Ending balance											0
Commercial, financial and agricultural: | Other
Changes in the allowance
Beginning balance				18,717				8,136	18,717	8,136	8,027
Provision (credit) for credit losses, excluding accrued interest receivable									(7,684)	13,077	1,413
Subtotal									11,033	20,586	9,440
Charge-offs									1,723	3,026	2,478
Recoveries									1,004	1,157	1,174
Net charge-offs (recoveries)									719	1,869	1,304
Ending balance	10,314				18,717				10,314	18,717	8,136
Commercial, financial and agricultural: | Other | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance								(627)		(627)
Ending balance											(627)
Commercial, financial and agricultural: | Other | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance								7,509		7,509
Ending balance											7,509
Real estate | Construction
Changes in the allowance
Beginning balance				4,277				1,792	4,277	1,792	1,202
Provision (credit) for credit losses, excluding accrued interest receivable									(1,528)	1,875	(20)
Subtotal									2,749	4,146	1,182
Charge-offs									0	0	0
Recoveries									1,159	131	610
Net charge-offs (recoveries)									(1,159)	(131)	(610)
Ending balance	3,908				4,277				3,908	4,277	1,792
Real estate | Construction | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance								479		479
Ending balance											479
Real estate | Construction | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance								2,271		2,271
Ending balance											2,271
Real estate | Residential mortgage
Changes in the allowance
Beginning balance				16,484				13,327	16,484	13,327	14,349
Provision (credit) for credit losses, excluding accrued interest receivable									(4,379)	2,383	(1,546)
Subtotal									12,105	16,318	12,803
Charge-offs									0	63	0
Recoveries									358	229	524
Net charge-offs (recoveries)									(358)	(166)	(524)
Ending balance	12,463				16,484				12,463	16,484	13,327
Real estate | Residential mortgage | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance								608		608
Ending balance											608
Real estate | Residential mortgage | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance								13,935		13,935
Ending balance											13,935
Real estate | Home equity
Changes in the allowance
Beginning balance				5,449				4,206	5,449	4,206	3,788
Provision (credit) for credit losses, excluding accrued interest receivable									(949)	2,824	381
Subtotal									4,500	5,416	4,169
Charge-offs									0	0	5
Recoveries									9	33	42
Net charge-offs (recoveries)									(9)	(33)	(37)
Ending balance	4,509				5,449				4,509	5,449	4,206
Real estate | Home equity | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance								(1,614)		(1,614)
Ending balance											(1,614)
Real estate | Home equity | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance								2,592		2,592
Ending balance											2,592
Real estate | Commercial mortgage
Changes in the allowance
Beginning balance				22,163				11,113	22,163	11,113	13,358
Provision (credit) for credit losses, excluding accrued interest receivable									(3,825)	8,485	(2,270)
Subtotal									18,338	22,222	11,088
Charge-offs									0	75	0
Recoveries									73	16	25
Net charge-offs (recoveries)									(73)	59	(25)
Ending balance	18,411				22,163				18,411	22,163	11,113
Real estate | Commercial mortgage | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance								2,624		2,624
Ending balance											2,624
Real estate | Commercial mortgage | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance								13,737		13,737
Ending balance											13,737
Consumer | Consumer
Changes in the allowance
Beginning balance				$ 15,875				9,397	15,875	9,397	7,192
Provision (credit) for credit losses, excluding accrued interest receivable									4,269	9,982	8,359
Subtotal									20,144	21,475	15,551
Charge-offs									4,402	8,191	8,265
Recoveries									2,673	2,591	2,111
Net charge-offs (recoveries)									1,729	5,600	6,154
Ending balance	$ 18,415				$ 15,875				$ 18,415	15,875	9,397
Consumer | Consumer | Impact of adoption of new accounting standards
Changes in the allowance
Beginning balance								2,096		2,096
Ending balance											2,096
Consumer | Consumer | Adjusted balance at beginning of period
Changes in the allowance
Beginning balance								$ 11,493		$ 11,493
Ending balance											$ 11,493

ALLOWANCE FOR LOAN AND LEASE _4

ALLOWANCE FOR LOAN AND LEASE LOSSES (Reserve For Off-Balance Sheet Credit Exposure) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
LOANS AND LEASES
Reserve for off-balance sheet credit exposures (included in other liabilities)	$ 4,804	$ 4,884	$ 1,272	$ 1,243
Impact of adoption of new accounting standards
LOANS AND LEASES
Reserve for off-balance sheet credit exposures (included in other liabilities)		0	740	0
Adjusted balance at beginning of period
LOANS AND LEASES
Reserve for off-balance sheet credit exposures (included in other liabilities)		4,884	2,012	$ 1,243
(Credit) provision for off-balance sheet credit exposures	$ (80)	$ 2,872	$ 29

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Premises and Equipment
Gross premises and equipment	$ 191,327	$ 174,587
Accumulated depreciation and amortization	(110,973)	(109,309)
Net premises and equipment	80,354	65,278
Land
Premises and Equipment
Gross premises and equipment	14,184	11,616
Office buildings and improvements
Premises and Equipment
Gross premises and equipment	141,628	125,132
Furniture, fixtures and equipment
Premises and Equipment
Gross premises and equipment	$ 35,515	$ 37,839

PREMISES AND EQUIPMENT (Depreci

PREMISES AND EQUIPMENT (Depreciation and Amortization) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Premises and Equipment
Depreciation and amortization of premises and equipment	$ 6,984	$ 6,223	$ 6,139
Net occupancy
Premises and Equipment
Depreciation and amortization of premises and equipment	4,570	3,616	3,401
Equipment
Premises and Equipment
Depreciation and amortization of premises and equipment	$ 2,414	$ 2,607	$ 2,738

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Schedule of Investments [Line Items]
Investments in unconsolidated subsidiaries accounted for under the equity methods	$ 200		$ 300
Unfunded low income housing commitment	14,275		$ 17,200
Unfunded Loan Commitment
Schedule of Investments [Line Items]
Investments in unconsolidated subsidiaries accounted for under the equity methods	$ 1,700
JAM FINTOP Banktech Fund, L.P.
Schedule of Investments [Line Items]
Investments in unconsolidated subsidiaries accounted for under the equity methods		$ 2,000

INVESTMENTS IN UNCONSOLIDATED_4

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in low income housing tax credit partnerships	$ 25,916	$ 28,090
Investments in common securities of statutory trusts	1,547	1,547
Investments in affiliates	162	277
Other	2,054	54
Total	$ 29,679	$ 29,968

INVESTMENTS IN UNCONSOLIDATED_5

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES Investment in LHIC (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Amortization expense recognized in income tax expense	$ 2,174	$ 1,391	$ 681
Federal and state tax credits recognized in income tax expense	$ 2,373	$ 1,599	$ 803

INVESTMENTS IN UNCONSOLIDATED_6

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Future Commitments) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investments in and Advances to Affiliates [Abstract]
2019	$ 14,190
2020	10
2021	26
2022	6
2023	6
Thereafter	37
Affordable Housing Program Obligation	$ 14,275	$ 17,200

CORE DEPOSIT PREMIUM AND MORT_2

CORE DEPOSIT PREMIUM AND MORTGAGE SERVICING RIGHTS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
OTHER INTANGIBLE ASSETS
Loans Serviced For Others	$ 1,400,000	$ 1,730,000
Mortgage banking income	7,732	13,682	$ 6,685
Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Mortgage banking income	1,300	3,300	1,600
Changes in other intangible assets
Balance, beginning of period	11,865	14,718	15,596
Additions	1,341	3,314	1,582
Amortization	(3,468)	(6,167)	(2,460)
Balance, end of period	9,738	11,865	14,718
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value	72,250	70,909
Accumulated Amortization	(62,512)	(59,044)
Net Carrying Value	9,738	11,865	14,718
Estimated Amortization Expense
2019	1,915
2020	1,476
2021	1,157
2022	923
2023	745
Thereafter	3,522
Net Carrying Value	9,738	11,865	14,718
Other disclosures
Fair market value, beginning of period	12,003	15,820
Fair market value, end of period	$ 10,504	$ 12,003	$ 15,820
Measurement Input, Discount Rate [Member] | Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Debt Instrument, Measurement Input	0.095	0.096
Measurement Input, Constant Prepayment Rate [Member] | Mortgage Servicing Rights
OTHER INTANGIBLE ASSETS
Debt Instrument, Measurement Input	0.190	0.176

DERIVATIVES (Details)

DERIVATIVES (Details) $ in Millions	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2020USD ($)$ / shares
Designated as Hedging Instrument
DERIVATIVES
Derivative, Number of Instruments Held | $ / shares	0	0
Interest rate lock commitments | Derivative instruments not designated as hedging instruments.
DERIVATIVES
Mortgage loans hedged		$ 0.7
Forward sale commitments | Derivative instruments not designated as hedging instruments.
DERIVATIVES
Mortgage loans hedged	$ 3.5	$ 16.6
Back-To-Back Swap Agreements | Derivative instruments not designated as hedging instruments.
DERIVATIVES
Derivative, Notional Amount	33.1
Cash collateral	$ 0.3

DERIVATIVES (Balance Sheet) (De

DERIVATIVES (Balance Sheet) (Details) - Derivative instruments not designated as hedging instruments. - Derivatives - Interest rate contracts - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Asset Derivatives
Fair Value	$ 5	$ 18
Liability Derivatives
Fair Value	$ 20	$ 163

(Income Statement) (Details)

(Income Statement) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 98	$ (76)	$ 63
Derivative instruments not designated as hedging instruments. | Derivatives - Interest rate contracts
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	98	(76)	$ 63
Derivative instruments not designated as hedging instruments. | Risk participation agreements | Other service charges and fees
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	32	$ 1,323
Derivative instruments not designated as hedging instruments. | Back-To-Back Swap Agreements | Other service charges and fees | Cash Flow Hedging
DERIVATIVES
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 600

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
2019	$ 601,209,000
2020	67,195,000
2021	22,651,000
2022	7,584,000
2023	7,511,000
Thereafter	582,000
Maturities of time deposits of $250,000 or more
Three months or less	265,827,000
Over three months through six months	69,516,000
Over six months through twelve months	95,411,000
2020	46,591,000
2021	7,743,000
2022	1,829,000
2023	1,858,000
Thereafter	0
Time deposits of $250,000 or more	488,775,000	$ 666,500,000
Time	706,732,000	898,918,000
FDIC insurance limit	250,000
Collagenized government time deposits	215,000,000	500,300,000
Overdrawn deposit accounts	$ 500,000	$ 400,000

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SHORT-TERM BORROWINGS
Maximum borrowing capacity	$ 1,830,000,000
Amount outstanding at December 31	0	$ 22,000,000	$ 150,000,000
Interest expense on short-term borrowings	2,000	718,000	4,285,000
Average amount outstanding during year	607,000	89,904,000	185,909,000
Highest month-end balance during year	$ 6,500,000	$ 222,000,000	$ 334,500,000
Weighted-average interest rate on balances outstanding at December 31	0.00%	0.29%	1.81%
Weighted-average interest rate during year	0.30%	0.80%	2.31%
Federal Home Loan Bank Borrowings [Member]
SHORT-TERM BORROWINGS
Standby letters of credit issued	$ 32,200,000	$ 268,000,000
Federal Reserve discount window line of credit | Central Bank
SHORT-TERM BORROWINGS
Additional unused borrowings available	55,400,000	64,500,000
Commercial real estate and commercial loans pledged as collateral	131,000,000	$ 136,900,000
FHLB line of credit
SHORT-TERM BORROWINGS
Additional unused borrowings available	1,800,000,000
Commercial real estate and commercial loans pledged as collateral	$ 2,680,000,000

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	1 Months Ended			12 Months Ended
	Dec. 31, 2004USD ($)	Sep. 30, 2004USD ($)	Oct. 31, 2003trust	Dec. 31, 2021USD ($)period	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2021USD ($)	Jan. 31, 2019USD ($)
Debt Instrument [Line Items]
Long-term debt				$ 105,616,000	$ 105,385,000
Federal Reserve Bank Stock, Loans Pledged				0			$ 65,900,000
Federal Reserve Bank Stock				0			$ 65,900,000
Interest expense				$ 4,097,000	$ 3,602,000	$ 4,080,000
Number of wholly-owned statutory trusts created | trust			2
CPB Capital Trust II
Debt Instrument [Line Items]
Trust preferred securities, redemption amount								$ 20,000,000
CPB Capital Trust III
Debt Instrument [Line Items]
Trust preferred securities, redemption amount						$ 20,000,000
CPB Capital Trust IV
Debt Instrument [Line Items]
Trust preferred securities issued		$ 30,000,000
Variable rate basis		three-month LIBOR
Basis spread		2.45%		0.0245%	0.0245%
Common securities issued to the Company		$ 900,000
CPB Capital Trust V
Debt Instrument [Line Items]
Trust preferred securities issued	$ 20,000,000
Variable rate basis	three-month LIBOR
Basis spread	1.87%			0.0187%	0.0187%
Common securities issued to the Company	$ 600,000
FHLB line of credit
Debt Instrument [Line Items]
Long-term debt				$ 0	$ 0
Additional unused capacity available				1,800,000,000
Real estate loans pledged as collateral				2,680,000,000
Interest expense					1,500,000
Subordinated debentures
Debt Instrument [Line Items]
Long-term debt				$ 51,547,000	51,547,000
Number of consecutive quarterly periods for which payments of interest can be deferred without default or penalty (up to) | period				20
Subordinated debentures | Maximum
Debt Instrument [Line Items]
Redemption period of trust preferred securities, the subordinated debentures and the common securities, following the occurrence of certain events				90 days
Subordinated debentures | CPB Capital Trust IV
Debt Instrument [Line Items]
Long-term debt				$ 30,900,000
Subordinated debentures | CPB Capital Trust V
Debt Instrument [Line Items]
Long-term debt				20,600,000
Subordinated notes
Debt Instrument [Line Items]
Long-term debt				$ 54,069,000	$ 53,838,000

LONG-TERM DEBT (Future Principa

LONG-TERM DEBT (Future Principal Payments) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Future principal payments on long-term debt based on final maturity
2020	$ 0
2021	0
2022	0
2023	0
2024	0
Thereafter	106,547
Total	$ 106,547

LONG-TERM DEBT (Schedule of Sub

LONG-TERM DEBT (Schedule of Subordinated Borrowing) (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Dec. 31, 2004	Sep. 30, 2004	Dec. 31, 2021	Dec. 31, 2020
CPB Capital Trust IV
Debt Instrument [Line Items]
Basis spread		2.45%	0.0245%	0.0245%
CPB Capital Trust V
Debt Instrument [Line Items]
Basis spread	1.87%		0.0187%	0.0187%
Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Noncurrent			$ 51,547	$ 51,547
Junior Subordinated Debt [Member] | Trust IV [Member]
Debt Instrument [Line Items]
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Noncurrent			30,928	30,928
Junior Subordinated Debt [Member] | Trust V [Member]
Debt Instrument [Line Items]
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Noncurrent			$ 20,619	$ 20,619

LONG-TERM DEBT (Subordinated No

LONG-TERM DEBT (Subordinated Notes) (Details) - USD ($)	Oct. 20, 2020	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Subordinated notes		$ 106,547,000
Long-term debt		105,616,000	$ 105,385,000
Subordinated notes
Debt Instrument [Line Items]
Long-term debt		54,069,000	$ 53,838,000
Subordinated notes | Subordinated 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		$ 54,100,000
Unamortized debt issuance costs		$ 900,000
Subordinated notes | Subordinated Notes | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	4.56%

EQUITY (Details)

EQUITY (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
EQUITY
Amount authorized under the Repurchase Plan	$ 25,000
Remaining amount available for repurchase	$ 26,600
Repurchase plan expiration period	1 year
Number of shares in remaining available for repurchase		6,300,000
Common stock repurchased		$ 18,669	$ 4,749	$ 22,793
Central Bank
EQUITY
Retained earnings		114,000
Common Stock
EQUITY
Common stock repurchased		$ 18,669	$ 4,749	$ 22,793
Common Stock | Existing Share Repurchase Plan
EQUITY
Number of shares repurchased or acquired through tender offer		696,894
Value of shares repurchased or acquired through tender offer		$ 18,700
Common shares outstanding
EQUITY
Number of shares repurchased or acquired through tender offer		696,894	206,802	797,003

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue from External Customer [Line Items]
In-scope other operating income									$ 28,707	$ 23,812	$ 26,039
Out-of-scope other operating income									14,353	21,386	15,762
Total other operating income	$ 11,566	$ 10,253	$ 10,530	$ 10,711	$ 14,057	$ 11,563	$ 10,692	$ 8,886	43,060	45,198	41,801
Mortgage banking income
Revenue from External Customer [Line Items]
In-scope other operating income									1,993	1,128	702
Service charges on deposit accounts
Revenue from External Customer [Line Items]
In-scope other operating income									6,358	6,234	8,406
Other service charges and fees
Revenue from External Customer [Line Items]
In-scope other operating income									15,281	11,621	12,536
Income from fiduciary activities
Revenue from External Customer [Line Items]
In-scope other operating income									$ 5,075	$ 4,829	$ 4,395

MORTGAGE BANKING INCOME (Detail

MORTGAGE BANKING INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue from External Customer [Line Items]
Net loan servicing fees	$ 28,707	$ 23,812	$ 26,039
Amortization of mortgage servicing rights	(3,468)	(6,167)	(2,460)
Net gain on sales of residential loans	6,376	16,043	4,128
Unrealized gain (loss) on interest rate locks	98	(76)	63
Loan placement fees	1,993	1,128	702
Total mortgage banking income	7,732	13,682	6,685
Bank Servicing
Revenue from External Customer [Line Items]
Net loan servicing fees	$ 2,733	$ 2,754	$ 4,252

SHARE-BASED COMPENSATION (Share

SHARE-BASED COMPENSATION (Share-Based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SHARE-BASED COMPENSATION
Income Tax Benefit, Due to Vesting of Restricted Stock	$ 200	$ (300)	$ 300
Net share-based compensation effect	3,222	3,178	2,958
Salaries and employee benefits
SHARE-BASED COMPENSATION
Net share-based compensation effect	4,580	3,822	4,289
Directors stock awards
SHARE-BASED COMPENSATION
Net share-based compensation effect	91	165	96
Income tax benefit
SHARE-BASED COMPENSATION
Net share-based compensation effect	(1,449)	$ (809)	(1,427)
Stock Option
SHARE-BASED COMPENSATION
Equity instruments other than options, aggregate intrinsic value, outstanding	$ 900		$ 200
Contractual terms	10 years
Minimum | Stock Option
SHARE-BASED COMPENSATION
Vesting period	3 years

SHARE-BASED COMPENSATION (Equit

SHARE-BASED COMPENSATION (Equity Incentive Plans and Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2007	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Apr. 30, 2013	Apr. 30, 2011	Mar. 31, 2011	Sep. 30, 2004
SHARE-BASED COMPENSATION
Grants in period		0	0
Stock Option
SHARE-BASED COMPENSATION
Equity instruments other than options, aggregate intrinsic value, outstanding		$ 900		$ 200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value		$ 657
Contractual terms		10 years
Vested shares		0	0	0
Grants in period		0	0	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value		$ 944
Shares
Outstanding at the beginning of the period (in shares)		133,813
Changes during the period
Exercised (shares)		(86,373)
Expired (in shares)		0
Forfeited (in shares)		0
Outstanding at the end of the period (in shares)		47,440	133,813
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		47,440
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)		$ 14.31
Changes during the period:
Exercised (in dollars per share)		14.31
Expired (in dollars per share)		0
Forfeited (in dollars per share)		0
Outstanding at the end of the period (in dollars per share)		14.32	$ 14.31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price		$ 14.32
Weighted Average Remaining Contractual Term
Outstanding		3 months 18 days
Vested and exercisable		3 months 18 days
Aggregate Intrinsic Value
Outstanding		$ 657
Stock Option | Stock Compensation 2004 Plan
SHARE-BASED COMPENSATION
Shares authorized for grants						4,944,831	1,402,589	1,500,000
Additional shares authorized for grants	1,000,000	843,469	996,850	1,304,773
Stock Option | Stock Option 2013 Plan
SHARE-BASED COMPENSATION
Shares authorized for grants					2,200,000
Stock Option | Minimum
SHARE-BASED COMPENSATION
Vesting period		3 years
Stock Option | Maximum
SHARE-BASED COMPENSATION
Vesting period		5 years

SHARE-BASED COMPENSATION (Restr

SHARE-BASED COMPENSATION (Restricted Stock Awards and Units) (Details) - Restricted Stock Awards and Units - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Activity of nonvested shares
Nonvested at the beginning of the period (in shares)	532,374	366,467	362,725
Changes during the period:
Granted (in shares)	221,774	322,180	181,431
Forfeited (in shares)	(75,850)	(28,058)	(17,689)
Vested (in shares)	(192,959)	(128,215)	(160,000)
Nonvested at the end of the period (in shares)	485,339	532,374	366,467
Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 22.49	$ 28.89	$ 26.98
Changes during the period:
Granted (in dollars per share)	21.93	18.11	28.89
Forfeited (in dollars per share)	21.95	23.79	29.10
Vested (in dollars per share)	23.42	29.48	24.55
Nonvested at the end of the period (in dollars per share)	$ 21.95	$ 22.49	$ 28.89
Additional disclosures
Weighted-average period for recognition of compensation cost not yet recognized	1 year 6 months
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 5,100
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 5,077	$ 3,780	$ 3,927
Minimum
Additional disclosures
Vesting period	3 years
Maximum
Additional disclosures
Vesting period	5 years

PENSION PLANS (Defined Benefit

PENSION PLANS (Defined Benefit Retirement Plan) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plan
PENSION PLANS
Consecutive period of service considered for highest average annual salaries for calculation of benefits under the reactivated plan		60 months
Increase in unrecognized prior service cost due to reactivation of the plan		$ 5,900
Amortization period of increase in prior service cost		13 years
Change in benefit obligation
Benefit obligation at beginning of year		$ 21,919	$ 21,603
Interest cost		485	641	$ 828
Actuarial (gains) losses		(427)	1,288
Benefits paid		(1,557)	(1,613)
Benefit obligation at end of the year		20,420	21,919	21,603
Change in plan assets, at fair value:
Fair value of plan assets at beginning of year		21,153	21,309
Actual return on plan assets		1,189	1,457
Benefits paid		(1,557)	(1,613)
Fair value of plan assets at end of year		20,785	21,153	21,309
Funded status at end of year		365	(766)
Amounts recognized in AOCI
Net actuarial losses		$ (4,699)	$ (6,467)
Benefit obligation actuarial assumptions:
Weighted-average discount rate		2.40%	2.30%
Components of net periodic benefit cost
Interest cost		$ 485	$ 641	828
Expected return on plan assets		(549)	(920)	(996)
Amortization of net actuarial losses		701	909	1,101
Net periodic benefit cost		$ 637	$ 630	$ 933
Net periodic cost actuarial assumptions
Weighted-average discount rate		2.30%	3.10%	4.20%
Expected long-term rate of return on plan assets		2.70%	4.50%	5.30%
Pension Plan | Minimum
PENSION PLANS
Estimated settlement expense	$ 4,500
Pension Plan | Maximum
PENSION PLANS
Estimated settlement expense	$ 6,500
SERPs
Change in benefit obligation
Benefit obligation at beginning of year		$ 12,740	$ 11,971
Interest cost		264	341	$ 430
Actuarial (gains) losses		(398)	737
Benefits paid		(309)	(309)
Benefit obligation at end of the year		12,297	12,740	11,971
Change in plan assets, at fair value:
Fair value of plan assets at beginning of year		0	0
Employer contributions		309	309
Benefits paid		(309)	(309)
Fair value of plan assets at end of year		0	0	0
Funded status at end of year		(12,297)	(12,740)
Amounts recognized in AOCI
Net transition obligation		(26)	(44)
Prior service cost		0	0
Net actuarial losses		(2,337)	(3,070)
Total amounts recognized in AOCI		$ (2,363)	$ (3,114)
Benefit obligation actuarial assumptions:
Weighted-average discount rate		2.50%	2.10%
Components of net periodic benefit cost
Interest cost		$ 264	$ 341	430
Amortization of net actuarial (gains) losses		335	251	16
Amortization of net transition obligation		18	18	18
Amortization of net actuarial losses		0	14	18
Net periodic benefit cost		$ 617	$ 624	$ 482
Net periodic cost actuarial assumptions
Weighted-average discount rate		2.10%	3.10%	4.20%

PENSION PLANS (Asset Allocation

PENSION PLANS (Asset Allocations) (Details) - Pension Plan - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Asset allocations by asset category	100.00%	100.00%
Equity securities
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Asset allocations by asset category	0.00%	39.50%
Equity securities included the entity's common stock		$ 0.1
Debt Securities
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Asset allocations by asset category	85.90%	56.10%
Money market funds
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Asset allocations by asset category	14.10%	4.40%

PENSION PLANS (Fair Value of De

PENSION PLANS (Fair Value of Defined Benefit) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	$ 20,785	$ 21,153	$ 21,309
SERPs
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0	$ 0
Expected contribution to the defined benefit retirement plan	500
Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	13,650	16,643
Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	7,135	4,510
Significant Unobservable Inputs (Level 3) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Money market accounts | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	2,938	928
Money market accounts | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	2,938	928
Money market accounts | Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Money market accounts | Significant Unobservable Inputs (Level 3) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Mutual funds | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	10,712	13,462
Mutual funds | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	10,712	13,462
Mutual funds | Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Mutual funds | Significant Unobservable Inputs (Level 3) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Government obligations | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	1,899	2,334
Government obligations | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Government obligations | Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	1,899	2,334
Government obligations | Significant Unobservable Inputs (Level 3) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Common Stock | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	1,993
Common Stock | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	1,993
Common Stock | Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Common Stock | Significant Unobservable Inputs (Level 3) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Preferred Stock | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	260
Preferred Stock | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	260
Preferred Stock | Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Preferred Stock | Significant Unobservable Inputs (Level 3) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Corporate securities | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	5,236	2,176
Corporate securities | Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	0	0
Corporate securities | Significant Other Observable Inputs (Level 2) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	5,236	2,176
Corporate securities | Significant Unobservable Inputs (Level 3) | Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value	$ 0	$ 0

PENSION PLANS (Amortization of

PENSION PLANS (Amortization of AOCI and Estimated Future Benefit Payments) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Pension Plan
Estimated future benefit payments
2022	$ 20,672
2023	0
2024	0
2025	0
2026	0
2027-2031	0
Total	20,672
SERPs
Estimated future benefit payments
2022	481
2023	649
2024	638
2025	626
2026	612
2027-2031	4,699
Total	$ 7,705

401 (K) RETIREMENT SAVINGS PLAN

401 (K) RETIREMENT SAVINGS PLAN (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Employee's elective deferrals	100.00%
Matching contributions by employer (up to)	4.00%
Vesting period	3 years
Discretionary contribution percentage	$ 1,250
Discretionary contribution, maximum amount	2.00%
Employer matching contributions to the Retirement Savings Plan	$ 500,000	$ 2,100,000	$ 2,300,000

OPERATING LEASES (Narrative) (D

OPERATING LEASES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2021
Minimum
OPERATING LEASES
Period for which option to extend the lease term is available	5 years
Maximum
OPERATING LEASES
Period for which option to extend the lease term is available	15 years

OPERATING LEASES (Net Rent Expe

OPERATING LEASES (Net Rent Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2021
Leases, Operating [Abstract]
Operating Lease, Cost	$ 6,397	$ 6,621
Variable Lease, Cost	2,476	2,689
Sublease Income	(78)	(15)
Lease, Cost	8,795	9,295
Cash flows for operating leases	$ (6,533)	$ (6,371)	$ (6,230)
Operating Lease, Weighted Average Remaining Lease Term, Duration	11 years 10 months 28 days	13 years 6 months 3 days
Operating Lease, Weighted Average Discount Rate, Percent		3.89%		3.93%

OPERATING LEASES (Future Minimu

OPERATING LEASES (Future Minimum Rental Commitments) (Details) $ in Thousands	Sep. 30, 2021USD ($)
Undiscontinued Cash Flows
2020	$ 5,925
2021	5,183
2022	4,508
2023	4,195
2024	4,133
Thereafter	27,375
Total	51,319
Lease Liability Expense [Abstract]
2020	1,497
2021	1,343
2022	1,214
2023	1,088
2024	968
Thereafter	4,478
Total	10,588
2020	4,428
2021	3,840
2022	3,294
2023	3,107
2024	3,165
Thereafter	22,897
Total	$ 40,731

OPERATING LEASES (Operating Lea

OPERATING LEASES (Operating Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Leases, Operating [Abstract]
Total rental income recognized	$ 2,094	$ 2,071

OPERATING LEASES (Future Mini_2

OPERATING LEASES (Future Minimum Rental Income) (Details) $ in Thousands	Sep. 30, 2021USD ($)
Future minimum rental income for those noncancellable operating leases that had initial lease terms in excess of one year
2022	$ 2,105
2023	932
2024	432
2025	305
2026	152
Thereafter	434
Total	$ 4,360

INCOME TAXES (Income Tax Expens

INCOME TAXES (Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current
Federal									$ 11,304	$ 22,014	$ 23,359
State									3,626	2,833	211
Total									14,930	24,847	23,570
Deferred
Federal									8,654	(12,952)	(8,970)
State									2,174	(135)	5,005
Total									10,828	(13,087)	(3,965)
Total
Total	$ 7,605	$ 6,814	$ 5,887	$ 5,452	$ 3,772	$ 2,200	$ 2,967	$ 2,821	$ 25,758	11,760	19,605
Reconciliation between the income tax benefit and the expected tax benefit
U.S. Federal corporate tax rate									21.00%
Computed "expected" tax expense (benefit)									$ 22,187	10,297	16,365
Increase (decrease) in taxes resulting from:
Tax-exempt interest income									(526)	(528)	(675)
Other tax-exempt income									(734)	(799)	(652)
Low-income housing and energy tax credits									(365)	(332)	(182)
State income taxes, net of Federal income tax effect, excluding impact of deferred tax valuation allowance									5,377	2,590	4,345
Change in the beginning-of-the-year balance of the valuation allowance for deferred tax assets allocated to income tax expense									(39)	(22)	(41)
Other, net									(142)	554	445
Total	$ 7,605	$ 6,814	$ 5,887	$ 5,452	$ 3,772	$ 2,200	$ 2,967	$ 2,821	25,758	11,760	19,605
Income Tax Benefit, Due to Vesting of Restricted Stock									$ 200	$ (300)	$ 300

INCOME TAXES (Deferred Tax Asse

INCOME TAXES (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Lease liability	$ 10,891	$ 12,624
Allowance for credit losses	14,382	17,576
Accrued expenses	3,616	2,447
Employee retirement benefits	2,547	3,143
State net operating loss carryforwards	3,091	3,134
Restricted stock and non-qualified stock options	611	963
Premises and equipment	4,678	3,996
Other	6,333	4,787
Total deferred tax assets	46,149	48,670
Deferred tax liabilities
Right-of-use lease asset	10,546	12,267
Intangible assets	2,604	3,174
Other	3,808	3,383
Total deferred tax liabilities	16,958	18,824
Less: Deferred tax valuation allowance	3,359	3,398
Net deferred tax assets	25,832	26,448
Net change in the total valuation allowance	$ 39	$ 22

INCOME TAXES (Tax Credit Carryf

INCOME TAXES (Tax Credit Carryforwards) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating loss carryforwards
Net deferred tax assets	$ 25,832,000	$ 26,448,000
Valuation allowance	3,359,000	3,398,000
Valuation allowance, increase (decrease)	(39,000)	(22,000)
Net of valuation allowance	25,800,000	$ 26,400,000
Unrecognized tax benefits that, if recognized would favorably affect the effective income tax rate	0
State | CALIFORNIA
Operating loss carryforwards
Valuation allowance	3,200,000
Net operating loss carryforwards	36,100,000
State | HAWAII
Operating loss carryforwards
Capital loss carryforwards	6,200,000
Valuation allowance	$ 200,000

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net unrealized gains/losses on investment securities, Before Tax
Net unrealized gains/(losses) arising during the period	$ (41,237)	$ 15,939	$ 37,696
Add: Reclassification adjustment for gains realized in net income	(150)	201	(36)
Net unrealized gains/(losses) on investment securities	(41,387)	16,140	37,660
Defined benefit plans, Before Tax
Net actuarial gains/losses arising during the period	2,014	(1,488)	(1,106)
Other comprehensive income (loss)	(38,319)	15,844	37,707
Net unrealized gains/losses on investment securities, Tax Effect
Net unrealized gains/losses arising during the period	(11,030)	4,260	10,102
Less: Reclassification adjustment for gains/losses realized in net income	(40)	54	(10)
Net unrealized gains (losses) on investment securities	(11,070)	4,314	10,092
Defined benefit plans, Tax Effect
Net actuarial gains/losses arising during the period	544	(508)	(296)
Other comprehensive income (loss)	(10,231)	4,125	10,105
Net unrealized gains/losses on investment securities, Net of Tax
Net unrealized gains/losses arising during the period	(30,207)	11,679	27,594
Less: Reclassification adjustment for gains/losses realized in net income	(110)	147	(26)
Net unrealized gains (losses) on investment securities	(30,317)	11,826	27,568
Defined benefit plans, Net of Tax
Net actuarial gains/losses arising during the period	1,470	(980)	(810)
Total other comprehensive income (loss), net of tax	(28,088)	11,719	27,602
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Defined benefit plans, Before Tax
Amortization of net transition obligation	1,036	1,160	1,117
Defined benefit plans, Tax Effect
Amortization of net transition obligation	291	310	299
Defined benefit plans, Net of Tax
Amounts reclassified from AOCI	745	850	818
Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent [Member]
Defined benefit plans, Before Tax
Amortization of net transition obligation	18	18	18
Defined benefit plans, Tax Effect
Amortization of net transition obligation	4	5	5
Defined benefit plans, Net of Tax
Amounts reclassified from AOCI	14	13	13
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]
Defined benefit plans, Before Tax
Amortization of net transition obligation	0	14	18
Defined benefit plans, Tax Effect
Amortization of net transition obligation	0	4	5
Defined benefit plans, Net of Tax
Amounts reclassified from AOCI	0	10	13
Defined Benefit Plans
Defined benefit plans, Before Tax
Other comprehensive income (loss)	(3,068)	296	(47)
Defined benefit plans, Tax Effect
Other comprehensive income (loss)	(839)	189	(13)
Defined benefit plans, Net of Tax
Amounts reclassified from AOCI	759	873	844
Total other comprehensive income (loss), net of tax	$ 2,229	$ (107)	$ 34

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in AOCI) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period	$ 546,685
Total other comprehensive (loss) income, net of tax	(28,088)	$ 11,719	$ 27,602
Balance at the end of the period	558,219	546,685
Investment Securities
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period	26,651	14,825	(9,643)
Other comprehensive income (loss) before reclassifications	(30,207)	11,679	27,594
Amounts reclassified from AOCI	(110)	147	(26)
Total other comprehensive (loss) income, net of tax	(30,317)	11,826	27,568
Balance at the end of the period	(3,666)	26,651	14,825
Investment Securities | Impact of adoption of new accounting standards
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			(3,100)
Investment Securities | Adjusted balance at beginning of period
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			(12,743)
Defined Benefit Plans
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period	(6,523)	(6,416)	(6,450)
Other comprehensive income (loss) before reclassifications	1,470	(980)	(810)
Amounts reclassified from AOCI	759	873	844
Total other comprehensive (loss) income, net of tax	2,229	(107)	34
Balance at the end of the period	(4,294)	(6,523)	(6,416)
Defined Benefit Plans | Impact of adoption of new accounting standards
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			0
Defined Benefit Plans | Adjusted balance at beginning of period
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			(6,450)
AOCI
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period	20,128	8,409	(16,093)
Other comprehensive income (loss) before reclassifications	(28,737)	10,699	26,784
Amounts reclassified from AOCI	649	1,020	818
Total other comprehensive (loss) income, net of tax	(28,088)	11,719	27,602
Balance at the end of the period	$ (7,960)	$ 20,128	8,409
AOCI | Impact of adoption of new accounting standards
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			(3,100)
AOCI | Adjusted balance at beginning of period
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning of the period			$ (19,193)

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassified Out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Amounts reclassified out of each component of accumulated other comprehensive income
Net gains (losses) on sales of investment securities									$ 150	$ (201)	$ 36
Income tax benefit (expense)	$ (7,605)	$ (6,814)	$ (5,887)	$ (5,452)	$ (3,772)	$ (2,200)	$ (2,967)	$ (2,821)	(25,758)	(11,760)	(19,605)
Net of tax									(41,387)	16,140	37,660
Total reclassifications, net of tax	$ 22,327	$ 20,815	$ 18,714	$ 18,038	$ 12,171	$ 6,859	$ 9,917	$ 8,326	79,894	37,273	58,322
Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Total reclassifications, net of tax									(649)	(1,020)	(818)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(1,036)	(1,160)	(1,117)
Reclassification from AOCI, Current Period, Tax									(291)	(310)	(299)
Net of tax									(745)	(850)	(818)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(1,036)	(1,160)	(1,117)
Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent [Member]
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(18)	(18)	(18)
Reclassification from AOCI, Current Period, Tax									(4)	(5)	(5)
Net of tax									(14)	(13)	(13)
Accumulated Defined Benefit Plans Adjustment, Net Transition Attributable to Parent [Member] | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(18)	(18)	(18)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									0	(14)	(18)
Reclassification from AOCI, Current Period, Tax									0	(4)	(5)
Net of tax									0	(10)	(13)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									0	(14)	(18)
Investment Securities
Amounts reclassified out of each component of accumulated other comprehensive income
Net of tax									110	(147)	26
Investment Securities | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Net gains (losses) on sales of investment securities									150	(201)	36
Income tax benefit (expense)									(40)	54	(10)
Net of tax									110	(147)	26
Defined Benefit Plans
Amounts reclassified out of each component of accumulated other comprehensive income
Net of tax									(759)	(873)	(844)
Defined Benefit Plans | Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax									(1,054)	(1,192)	(1,153)
Reclassification from AOCI, Current Period, Tax									(295)	(319)	(309)
Net of tax									$ (759)	$ (873)	$ (844)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SHARE-BASED COMPENSATION
Net income	$ 22,327	$ 20,815	$ 18,714	$ 18,038	$ 12,171	$ 6,859	$ 9,917	$ 8,326	$ 79,894	$ 37,273	$ 58,322
Weighted average shares outstanding - basic (in shares)									28,003,744	28,074,543	28,495,699
Weighted average shares outstanding - diluted (in shares)									28,257,323	28,180,576	28,677,100
Basic earnings per share (in dollars per share)	$ 0.80	$ 0.74	$ 0.66	$ 0.64	$ 0.43	$ 0.24	$ 0.35	$ 0.30	$ 2.85	$ 1.33	$ 2.05
Diluted earnings per share (in dollars per share)	$ 0.80	$ 0.74	$ 0.66	$ 0.64	$ 0.43	$ 0.24	$ 0.35	$ 0.29	$ 2.83	$ 1.32	$ 2.03
Antidilutive securities excluded from the dilutive share calculation (in shares)									0	0	0
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements (in shares)									253,579	106,033	181,401

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Commitments to extend credit
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 1,266,596	$ 1,176,065
Standby letters of credit and financial guarantees written
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	6,634	10,544
Assets
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Derivative, Notional Amount	33,112
Liabilities
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Derivative, Notional Amount	33,112
Interest rate options
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Derivative, Notional Amount		714
Forward interest rate contracts
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Derivative, Notional Amount	3,525	16,603
Not Designated as Hedging Instrument [Member] | Assets
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	33,112	0
Not Designated as Hedging Instrument [Member] | Liabilities
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	33,112	0
Interest rate lock commitments | Not Designated as Hedging Instrument [Member] | Interest rate options
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	0	714
Forward interest rate contracts | Not Designated as Hedging Instrument [Member] | Forward interest rate contracts
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	3,525	16,603
Risk participation agreements | Not Designated as Hedging Instrument [Member]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 37,531	$ 37,762

FAIR VALUE OF ASSETS AND LIAB_3

FAIR VALUE OF ASSETS AND LIABILITIES (Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Loans, weighted average discount rate, percent	5.13%
Time deposits, weighted average discount rate, percent	0.51%
Long -term debt, weighted average discount rate, percent	5.63%
Financial assets
Cash and due from financial institutions	$ 81,506	$ 97,546
Interest-bearing deposits in other financial institutions	247,401	6,521
Loans held for sale	3,531	16,687
Federal Home Loan Bank ("FHLB") stock	7,964	8,237
Accrued interest receivable	16,709	20,224
Financial liabilities
Noninterest-bearing demand	2,291,246	1,790,269
Time deposits	706,732	898,918
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets
Cash and due from financial institutions	81,506	97,546
Interest-bearing deposits in other financial institutions	247,401	6,521
Investment securities	0	1,351
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group	0	0
Loans, net of ACL	0	0
Accrued interest receivable	16,709	20,224
Financial liabilities
Noninterest-bearing demand	2,291,246	1,790,269
Interest-bearing demand and savings deposits	3,641,180	3,106,931
Time deposits	0	0
FHLB advances and other short-term borrowings	0	0
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	1,122	1,727
Significant Other Observable Inputs (Level 2)
Financial assets
Cash and due from financial institutions	0	0
Interest-bearing deposits in other financial institutions	0	0
Investment securities	1,623,080	1,170,283
Loans held for sale	3,531	16,687
Loans, net of ACL	0	0
Accrued interest receivable	0	0
Financial liabilities
Noninterest-bearing demand	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	0	0
FHLB advances and other short-term borrowings	0	22,000
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	0	0
Significant Unobservable Inputs (Level 3)
Financial assets
Cash and due from financial institutions	0	0
Interest-bearing deposits in other financial institutions	0	0
Investment securities	8,619	12,326
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group	0	0
Loans, net of ACL	4,741,379	4,795,776
Accrued interest receivable	0	0
Financial liabilities
Noninterest-bearing demand	0	0
Interest-bearing demand and savings deposits	0	0
Time deposits	704,645	899,562
FHLB advances and other short-term borrowings	0	0
Long-term debt	94,558	92,488
Accrued interest payable (included in other liabilities)	0	0
Carrying Amount
Financial assets
Cash and due from financial institutions	81,506	97,546
Interest-bearing deposits in other financial institutions	247,401	6,521
Investment securities	1,631,699	1,183,960
Loans held for sale	3,531	16,687
Loans, net of ACL	5,033,552	4,880,844
Accrued interest receivable	16,709	20,224
Financial liabilities
Noninterest-bearing demand	2,291,246	1,790,269
Interest-bearing demand and savings deposits	3,641,180	3,106,931
Time deposits	706,732	898,918
FHLB advances and other short-term borrowings	0	22,000
Long-term debt	105,616	105,385
Accrued interest payable (included in other liabilities)	1,122	1,727
Estimated Fair Value
Financial assets
Cash and due from financial institutions	81,506	97,546
Interest-bearing deposits in other financial institutions	247,401	6,521
Investment securities	1,631,699	1,183,960
Loans held for sale	3,531	16,687
Loans, net of ACL	4,741,379	4,795,776
Accrued interest receivable	16,709	20,224
Financial liabilities
Noninterest-bearing demand	2,291,246	1,790,269
Interest-bearing demand and savings deposits	3,641,180	3,106,931
Time deposits	704,645	899,562
FHLB advances and other short-term borrowings	0	22,000
Long-term debt	94,558	92,488
Accrued interest payable (included in other liabilities)	1,122	1,727
Commitments to extend credit
Financial liabilities
Off-balance sheet financial instruments:	1,266,596	1,176,065
Commitments to extend credit | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Off-balance sheet financial instruments:	0	0
Commitments to extend credit | Significant Other Observable Inputs (Level 2)
Financial liabilities
Off-balance sheet financial instruments:	1,347	1,313
Commitments to extend credit | Significant Unobservable Inputs (Level 3)
Financial liabilities
Off-balance sheet financial instruments:	0	0
Commitments to extend credit | Carrying Amount
Financial liabilities
Off-balance sheet financial instruments:	0	1,313
Commitments to extend credit | Estimated Fair Value
Financial liabilities
Off-balance sheet financial instruments:	1,347	1,313
Standby letters of credit and financial guarantees written
Financial liabilities
Off-balance sheet financial instruments:	6,634	10,544
Standby letters of credit and financial guarantees written | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Off-balance sheet financial instruments:	0	0
Standby letters of credit and financial guarantees written | Significant Other Observable Inputs (Level 2)
Financial liabilities
Off-balance sheet financial instruments:	100	158
Standby letters of credit and financial guarantees written | Significant Unobservable Inputs (Level 3)
Financial liabilities
Off-balance sheet financial instruments:	0	0
Standby letters of credit and financial guarantees written | Carrying Amount
Financial liabilities
Off-balance sheet financial instruments:	0	158
Standby letters of credit and financial guarantees written | Estimated Fair Value
Financial liabilities
Off-balance sheet financial instruments:	100	158
Assets
Financial liabilities
Derivative, Notional Amount	33,112
Assets | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Financial Liabilities Fair Value Disclosure	0
Assets | Significant Other Observable Inputs (Level 2)
Financial liabilities
Financial Liabilities Fair Value Disclosure	0
Assets | Significant Unobservable Inputs (Level 3)
Financial liabilities
Financial Liabilities Fair Value Disclosure	(435)
Assets | Carrying Amount
Financial liabilities
Financial Liabilities Fair Value Disclosure	(435)
Assets | Estimated Fair Value
Financial liabilities
Financial Liabilities Fair Value Disclosure	(435)
Liabilities
Financial liabilities
Derivative, Notional Amount	33,112
Financial Liabilities Fair Value Disclosure	(435)
Liabilities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Financial Liabilities Fair Value Disclosure	0
Liabilities | Significant Other Observable Inputs (Level 2)
Financial liabilities
Financial Liabilities Fair Value Disclosure	0
Liabilities | Significant Unobservable Inputs (Level 3)
Financial liabilities
Financial Liabilities Fair Value Disclosure	(435)
Interest rate options
Financial liabilities
Derivative, Notional Amount		714
Interest rate options | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Financial Liabilities Fair Value Disclosure		0
Interest rate options | Significant Other Observable Inputs (Level 2)
Financial liabilities
Financial Liabilities Fair Value Disclosure		(18)
Interest rate options | Significant Unobservable Inputs (Level 3)
Financial liabilities
Financial Liabilities Fair Value Disclosure		0
Interest rate options | Carrying Amount
Financial liabilities
Financial Liabilities Fair Value Disclosure		(18)
Interest rate options | Estimated Fair Value
Financial liabilities
Financial Liabilities Fair Value Disclosure		(18)
Forward interest rate contracts
Financial liabilities
Derivative, Notional Amount	3,525	16,603
Risk participation agreements
Financial liabilities
Derivative, Notional Amount	37,531	37,762
Recurring basis | Forward interest rate contracts | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
Recurring basis | Forward interest rate contracts | Significant Other Observable Inputs (Level 2)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	1	115
Recurring basis | Forward interest rate contracts | Significant Unobservable Inputs (Level 3)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
Recurring basis | Forward interest rate contracts | Carrying Amount
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	1	115
Recurring basis | Forward interest rate contracts | Estimated Fair Value
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	1	115
Recurring basis | Risk participation agreements | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
Recurring basis | Risk participation agreements | Significant Other Observable Inputs (Level 2)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
Recurring basis | Risk participation agreements | Significant Unobservable Inputs (Level 3)
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	16	48
Recurring basis | Risk participation agreements | Carrying Amount
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	16	48
Recurring basis | Risk participation agreements | Estimated Fair Value
Financial liabilities
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	$ 16	$ 48

FAIR VALUE OF ASSETS AND LIAB_4

FAIR VALUE OF ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 1,631,699	$ 1,182,609
Equity investment securities, at fair value	0	1,351
Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	1,631,699	1,183,960
Total	1,631,684	1,183,815
Recurring basis | Derivatives - Interest rate contracts
Assets and liabilities measured at fair value
Derivatives	(15)	(145)
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	236,828	168,766
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	40,646	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	35,334	33,145
Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	1,198,816	778,826
Recurring basis | Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	12,213	23,423
Recurring basis | Residential - Non-Government Agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	65,849	87,469
Recurring basis | Mortgage Backed Securities Commercial Non Government Agencies [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	42,013	42,972
Recurring basis | Equity securities
Assets and liabilities measured at fair value
Equity investment securities, at fair value		1,351
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	1,351
Total	0	1,351
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Derivatives - Interest rate contracts
Assets and liabilities measured at fair value
Derivatives	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | 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	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Residential - Non-Government Agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Mortgage Backed Securities Commercial Non Government Agencies [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Equity securities
Assets and liabilities measured at fair value
Equity investment securities, at fair value		1,351
Significant Other Observable Inputs (Level 2) | Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	1,623,080	1,170,283
Total	1,623,081	1,170,186
Significant Other Observable Inputs (Level 2) | Recurring basis | Derivatives - Interest rate contracts
Assets and liabilities measured at fair value
Derivatives	1	(97)
Significant Other Observable Inputs (Level 2) | Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	229,147	157,429
Significant Other Observable Inputs (Level 2) | Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	40,646	48,008
Significant Other Observable Inputs (Level 2) | 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	35,334	33,145
Significant Other Observable Inputs (Level 2) | Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	1,198,816	778,826
Significant Other Observable Inputs (Level 2) | Recurring basis | Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	11,275	22,434
Significant Other Observable Inputs (Level 2) | Recurring basis | Residential - Non-Government Agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	65,849	87,469
Significant Other Observable Inputs (Level 2) | Recurring basis | Mortgage Backed Securities Commercial Non Government Agencies [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	42,013	42,972
Significant Other Observable Inputs (Level 2) | Recurring basis | Equity securities
Assets and liabilities measured at fair value
Equity investment securities, at fair value		0
Significant Unobservable Inputs (Level 3) | Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	8,619	12,326
Total	8,603	12,278
Significant Unobservable Inputs (Level 3) | Recurring basis | Derivatives - Interest rate contracts
Assets and liabilities measured at fair value
Derivatives	(16)	(48)
Significant Unobservable Inputs (Level 3) | Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	7,681	11,337
Significant Unobservable Inputs (Level 3) | Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | 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	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Mortgage Backed Securities Residential U S Government Sponsored Entities [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Commercial - U.S. GSEs and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	938	989
Significant Unobservable Inputs (Level 3) | Recurring basis | Residential - Non-Government Agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Mortgage Backed Securities Commercial Non Government Agencies [Member]
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Equity securities
Assets and liabilities measured at fair value
Equity investment securities, at fair value		$ 0

FAIR VALUE OF ASSETS AND LIAB_5

FAIR VALUE OF ASSETS AND LIABILITIES (Level 3 Assets and Liabilities) (Details)	12 Months Ended
	Dec. 31, 2021USD ($)bondsecurity	Dec. 31, 2020USD ($)
Additional disclosures
Transfers of financial assets (liability) into Level 3	$ 0
Transfers of financial assets (liability) out of Level 3	0
Mortgage revenue bonds
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	12,326,000	$ 11,255,000
Principal payments received	(2,863,000)	(428,000)
Purchases	0	989,000
Unrealized net gain included in other comprehensive income	(844,000)	510,000
Aggregate fair value / Balance at the end of the period	$ 8,619,000	12,326,000
Additional disclosures
Number of investment securities held | bond	2
Mortgage revenue bonds | 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	$ 11,337,000	11,255,000
Principal payments received	(2,841,000)	(428,000)
Purchases	0	0
Unrealized net gain included in other comprehensive income	(815,000)	510,000
Aggregate fair value / Balance at the end of the period	7,681,000	11,337,000
Mortgage revenue bonds | 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	989,000	0
Principal payments received	(22,000)	0
Purchases	0	989,000
Unrealized net gain included in other comprehensive income	(29,000)	0
Aggregate fair value / Balance at the end of the period	$ 938,000	$ 989,000
Additional disclosures
Number of investment securities held | security	2
Measurement Input, Discount Rate [Member] | Mortgage revenue bonds | Weighted average
Fair Value Of Financial Assets And Liabilities
Debt Instrument, Measurement Input	0.0346

PARENT COMPANY AND REGULATORY_3

PARENT COMPANY AND REGULATORY RESTRICTIONS (Required Capital and Capital Ratios) (Details) $ in Thousands	Jan. 01, 2019	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019	Dec. 31, 2018
Leverage capital
Actual Amount		$ 622,130	$ 581,358
Actual Ratio		0.085	0.088
Minimum amount required to be adequately capitalized		$ 293,382	$ 263,979
Minimum ratio required to be adequately capitalized		0.040	0.040
Tier 1 risk-based capital
Actual Amount		$ 622,130	$ 581,358
Actual Ratio		0.122	0.129
Minimum amount required to be adequately capitalized		$ 307,215	$ 271,027
Minimum ratio required to be adequately capitalized		0.060	0.060
Total risk-based capital
Actual Amount		$ 741,291	$ 686,130
Actual Ratio		0.145	0.152
Minimum amount required to be adequately capitalized		$ 409,620	$ 361,369
Minimum ratio required to be adequately capitalized		0.080	0.080
CET1 risk-based capital
Actual Amount		$ 572,130	$ 531,358
Actual Ratio		11.20%	11.80%
Minimum amount required for capital adequacy purposes		$ 230,411	$ 203,270
Minimum ratio required for capital adequacy purposes		4.50%	4.50%
Capital Conservation Buffer, Year One				1.25%	0.625%
Capital Conservation Buffer, Year Two			1.875%
Capital Conservation Buffer, Year Three	0.025%	2.50%
Capital Conservation Buffer, Year Four	2.50%
Central Bank
PARENT COMPANY AND REGULATORY RESTRICTIONS
Equity in undistributed losses		$ (371,200)
Retained earnings		114,000
Leverage capital
Actual Amount		$ 652,987	$ 620,372
Actual Ratio		0.089	0.094
Minimum amount required to be adequately capitalized		$ 292,877	$ 263,735
Minimum ratio required to be adequately capitalized		0.040	0.040
Minimum amount required to be well-capitalized		$ 366,096	$ 329,668
Minimum ratio required to be well-capitalized		0.050	0.050
Tier 1 risk-based capital
Actual Amount		$ 652,987	$ 620,372
Actual Ratio		0.128	0.137
Minimum amount required to be adequately capitalized		$ 306,497	$ 270,820
Minimum ratio required to be adequately capitalized		0.060	0.060
Minimum amount required to be well-capitalized		$ 408,663	$ 361,094
Minimum ratio required to be well-capitalized		0.080	0.080
Total risk-based capital
Actual Amount		$ 717,000	$ 670,087
Actual Ratio		0.140	0.149
Minimum amount required to be adequately capitalized		$ 408,663	$ 361,094
Minimum ratio required to be adequately capitalized		0.080	0.080
Minimum amount required to be well-capitalized		$ 510,828	$ 451,367
Minimum ratio required to be well-capitalized		0.100	0.100
CET1 risk-based capital
Actual Amount		$ 652,987	$ 620,372
Actual Ratio		12.80%	13.70%
Minimum amount required for capital adequacy purposes		$ 229,873	$ 203,115
Minimum ratio required for capital adequacy purposes		4.50%	4.50%
Minimum amount equired to be well-capitalized		$ 332,038	$ 293,389
Minimum ratio required to be well-capitalized		6.50%	6.50%

PARENT COMPANY AND REGULATORY_4

PARENT COMPANY AND REGULATORY RESTRICTIONS (Condensed Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets
Equity investment securities, at fair value	$ 0	$ 1,351
Total assets	7,419,089	6,594,583
Liabilities and Shareholders' Equity
Long-term debt	105,616	105,385
Other liabilities	75,317	77,156
Total liabilities	6,860,822	6,047,850
Shareholders' equity:
Total shareholders' equity	558,219	546,685
Non-controlling interest	48	48
Total equity	558,267	546,733	$ 528,520	$ 491,725
Total liabilities and equity	7,419,089	6,594,583
Parent
Assets
Cash and cash equivalents	20,090	11,184	$ 10,634		$ 16,743
Equity investment securities, at fair value	0	1,351
Investment in subsidiary bank	639,050	635,673
Other assets	12,029	8,575
Total assets	671,169	656,783
Liabilities and Shareholders' Equity
Long-term debt	105,616	105,385
Other liabilities	7,334	4,713
Total liabilities	112,950	110,098
Shareholders' equity:
Total shareholders' equity	558,219	546,685
Total equity	558,219	546,685
Total liabilities and equity	$ 671,169	$ 656,783

PARENT COMPANY AND REGULATORY_5

PARENT COMPANY AND REGULATORY RESTRICTIONS (Condensed Statements of Income) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Expense:
Interest on long-term debt									$ 4,097	$ 3,602	$ 4,080
Income tax expense	$ 7,605	$ 6,814	$ 5,887	$ 5,452	$ 3,772	$ 2,200	$ 2,967	$ 2,821	25,758	11,760	19,605
Net income	$ 22,327	$ 20,815	$ 18,714	$ 18,038	$ 12,171	$ 6,859	$ 9,917	$ 8,326	79,894	37,273	58,322
Parent
Income:
Dividends from subsidiary bank									54,016	24,015	42,008
Interest income:
Interest income from subsidiary bank									3	4	5
Other income									43	52	92
Total income									54,062	24,071	42,105
Expense:
Interest on long-term debt									4,097	2,095	2,453
Other expenses									3,504	1,293	2,599
Total expenses									7,601	3,388	5,052
Income before income taxes and equity in undistributed income of subsidiaries									46,461	20,683	37,053
Income tax expense									(1,968)	(690)	(1,289)
Income before equity in undistributed income of subsidiaries									48,429	21,373	38,342
Equity in undistributed income of subsidiary bank									31,465	15,900	19,980
Net income									$ 79,894	$ 37,273	$ 58,322

PARENT COMPANY AND REGULATORY_6

PARENT COMPANY AND REGULATORY RESTRICTIONS (Condensed Statements of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 22,327	$ 20,815	$ 18,714	$ 18,038	$ 12,171	$ 6,859	$ 9,917	$ 8,326	$ 79,894	$ 37,273	$ 58,322
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Deferred income tax benefit									10,828	(13,087)	(3,965)
Share-based compensation expense									3,231	3,231	2,735
Net Cash Provided by (Used in) Investing Activities [Abstract]
Contributions to subsidiary bank									0	(46,750)	0
Distributions from unconsolidated entities									480	330	246
Cash flows from financing activities
Net proceeds from issuance of common stock and stock option exercises									1,236	0	151
Net proceeds from subordinated debt									0	53,838	0
Proceeds from long-term debt									0	115,944	20,619
Repurchases of common stock									(18,669)	(4,749)	(22,793)
Dividends paid									(26,959)	(25,935)	(25,706)
Parent
Cash flows from operating activities
Net income									79,894	37,273	58,322
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Deferred income tax benefit									70	2,552	3,055
Net change in dividends receivable from subsidiary bank									0	0	21,004
Equity in undistributed loss (income) of subsidiary bank									(31,465)	(15,900)	(19,980)
Share-based compensation expense									3,231	3,231	2,735
Other, net									(85)	(3,010)	(2,900)
Net cash provided by operating activities									51,645	24,146	62,236
Net Cash Provided by (Used in) Investing Activities [Abstract]
Distributions from unconsolidated entities									0	0	622
Net cash provided by (used in) investing activities									1,653	(46,750)	622
Cash flows from financing activities
Net proceeds from issuance of common stock and stock option exercises									1,236	0	151
Proceeds from long-term debt									0	0	20,619
Repurchases of common stock									(18,669)	(4,749)	(22,793)
Dividends paid									(26,959)	(25,935)	(25,706)
Net cash provided by financing activities									(44,392)	23,154	(68,967)
Net increase (decrease) in cash and cash equivalents									8,906	550	(6,109)
At beginning of year				$ 11,184				$ 10,634	11,184	10,634
At end of year	$ 20,090				$ 11,184				$ 20,090	$ 11,184	$ 10,634

UNAUDITED QUARTERLY FINANCIAL_3

UNAUDITED QUARTERLY FINANCIAL INFORMATION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Total interest income	$ 55,053	$ 57,969	$ 53,959	$ 51,781	$ 53,901	$ 51,753	$ 52,950	$ 53,814	$ 218,762	$ 212,418	$ 216,383
Total interest expense	1,957	1,883	1,898	1,977	2,427	2,633	3,691	5,984	7,715	14,735	32,309
Net interest income	53,096	56,086	52,061	49,804	51,474	49,120	49,259	47,830	211,047	197,683	184,074
Provision (credit) for loan and lease losses	(7,692)	(2,635)	(3,443)	(821)	4,898	14,873	11,213	11,127	(14,591)	42,111	6,346
Net interest income after provision for credit losses	60,788	58,721	55,504	50,625	46,576	34,247	38,046	36,703	225,638	155,572	177,728
Other operating income	11,566	10,253	10,530	10,711	14,057	11,563	10,692	8,886	43,060	45,198	41,801
Other operating expense	42,422	41,345	41,433	37,846	44,690	36,751	35,854	34,442	163,046	151,737	141,602
Income before income taxes	29,932	27,629	24,601	23,490	15,943	9,059	12,884	11,147	105,652	49,033	77,927
Income tax expense	7,605	6,814	5,887	5,452	3,772	2,200	2,967	2,821	25,758	11,760	19,605
Net income	$ 22,327	$ 20,815	$ 18,714	$ 18,038	$ 12,171	$ 6,859	$ 9,917	$ 8,326	$ 79,894	$ 37,273	$ 58,322
Basic earnings per share (in dollars per share)	$ 0.80	$ 0.74	$ 0.66	$ 0.64	$ 0.43	$ 0.24	$ 0.35	$ 0.30	$ 2.85	$ 1.33	$ 2.05
Diluted earnings per share (in dollars per share)	0.80	0.74	0.66	0.64	0.43	0.24	0.35	0.29	2.83	1.32	2.03
Cash dividends declared (in dollars per share)	$ 0.25	$ 0.24	$ 0.24	$ 0.23	$ 0.23	$ 0.23	$ 0.23	$ 0.23	$ 0.96	$ 0.92	$ 0.90
Return on average assets (ROA)	1.22%	1.15%	1.06%	1.07%	0.74%	0.42%	0.61%	0.55%	1.13%	0.58%
Return on average equity (ROE)	16.05%	14.82%	13.56%	13.07%	8.87%	4.99%	7.34%	6.21%	14.38%	6.85%
Efficiency ratio	65.61%	62.32%	66.20%	62.54%	68.20%	60.56%	59.81%	60.73%	64.16%	62.47%
Net interest margin (NIM)	3.08%	3.31%	3.16%	3.19%	3.32%	3.19%	3.26%	3.43%	3.18%	3.30%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) shares in Millions, $ in Millions	Jan. 31, 2022	Dec. 31, 2021	Jan. 31, 2020
Subsequent events
Authorized amount repurchased common stock			$ 25
Number of shares in remaining available for repurchase		6.3
Subsequent Event
Subsequent events
Authorized amount repurchased common stock	$ 30