Central Pacific Financial (CPF) 10-Q 26 Jul 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 19, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-31567
Entity Registrant Name	CENTRAL PACIFIC FINANCIAL CORP
Entity Incorporation, State or Country Code	HI
Entity Tax Identification Number	99-0212597
Entity Address, Address Line One	220 South King Street
Entity Address, City or Town	Honolulu
Entity Address, State or Province	HI
Entity Address, Postal Zip Code	96813
City Area Code	808
Local Phone Number	544-0500
Title of 12(b) Security	Common stock, No Par Value
Trading Symbol	CPF
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,041,292
Entity Central Index Key	0000701347
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and due from financial institutions	$ 129,071	$ 97,150
Interest-bearing deposits in other financial institutions	181,913	14,894
Investment securities:
Available-for-sale debt securities, at fair value	664,071	671,794
Held-to-maturity debt securities, at amortized cost; fair value of: $581,222 at June 30, 2023 and $596,780 at December 31, 2022	649,946	664,883
Total investment securities	1,314,017	1,336,677
Loans held for sale, at fair value	2,593	1,105
Loans	5,520,683	5,555,466
Allowance for credit losses	(63,849)	(63,738)
Loans, net of allowance for credit losses	5,456,834	5,491,728
Premises and equipment, net	96,479	91,634
Accrued interest receivable	20,463	20,345
Investment in unconsolidated entities	45,218	46,641
Mortgage servicing rights	8,843	9,074
Bank-owned life insurance	168,136	167,967
Federal Home Loan Bank ("FHLB") stock	10,960	9,146
Right-of-use lease asset	33,247	34,985
Other assets	99,818	111,417
Total assets	7,567,592	7,432,763
Deposits:
Noninterest-bearing demand	2,009,387	2,092,823
Interest-bearing demand	1,359,978	1,453,167
Savings and money market	2,184,652	2,199,028
Time	1,251,720	991,205
Total deposits	6,805,737	6,736,223
FHLB advances and other short-term borrowings	0	5,000
Long-term debt (net of debt issuance costs of $566 at June 30, 2023 and $688 at December 31, 2022)	155,981	105,859
Lease liability	34,111	35,889
Other liabilities	95,484	96,921
Total liabilities	7,091,313	6,979,892
Equity
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none at June 30, 2023 and December 31, 2022	0	0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,045,792 at June 30, 2023 and 27,025,070 at December 31, 2022	405,511	408,071
Additional paid-in capital	101,997	101,346
Retained earnings	104,046	87,438
Accumulated other comprehensive loss	(135,275)	(143,984)
Total shareholders' equity	476,279	452,871
Total equity	476,279	452,871
Total liabilities and equity	$ 7,567,592	$ 7,432,763

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Held to maturity debt securities, fair value	$ 581,222	$ 596,780
Debt issuance costs	$ 566	$ 688
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	27,045,792	27,025,070
Common stock, outstanding shares	27,045,792	27,025,070

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest income:
Interest and fees on loans	$ 60,455	$ 46,963	$ 118,724	$ 91,912
Interest and dividends on investment securities:
Taxable investment securities	7,145	7,035	14,481	14,004
Tax-exempt investment securities	727	807	1,517	1,623
Dividends	0	0	0	21
Interest on deposits in other financial institutions	877	191	1,154	263
Dividend income on FHLB stock	120	68	256	127
Total interest income	69,324	55,064	136,132	107,950
Interest on deposits:
Demand	411	144	774	256
Savings and money market	4,670	317	8,056	646
Time	8,932	490	15,196	959
Interest on short-term borrowings	378	2	1,139	2
Interest on long-term debt	2,199	1,133	4,037	2,174
Total interest expense	16,590	2,086	29,202	4,037
Net interest income	52,734	52,978	106,930	103,913
Provision (credit) for credit losses	4,319	989	6,171	(2,206)
Net interest income after provision (credit) for credit losses	48,415	51,989	100,759	106,119
Other operating income:
Mortgage banking income	690	1,140	1,216	2,312
Service charges on deposit accounts	2,137	2,026	4,248	3,887
Other service charges and fees	4,994	4,610	9,979	9,098
Income from fiduciary activities	1,068	1,188	2,389	2,342
Net gain on sales of investment securities	0	8,506	0	8,506
Income from bank-owned life insurance	1,185	(1,028)	2,476	(489)
Other	361	696	1,136	1,033
Total other operating income	10,435	17,138	21,444	26,689
Other operating expense:
Salaries and employee benefits	20,848	22,369	42,871	43,311
Net occupancy	4,310	4,448	8,784	8,222
Equipment	932	1,075	1,878	2,157
Communication	791	744	1,569	1,550
Legal and professional services	2,469	2,916	5,355	5,542
Computer software	4,621	3,624	9,227	6,706
Advertising	942	1,150	1,875	2,300
Other	4,990	9,023	10,451	13,766
Total other operating expense	39,903	45,349	82,010	83,554
Income before income taxes	18,947	23,778	40,193	49,254
Income tax expense	4,472	6,184	9,531	12,222
Net income	$ 14,475	$ 17,594	$ 30,662	$ 37,032
Per common share data:
Basic earnings per common share (in dollars per share)	$ 0.54	$ 0.64	$ 1.14	$ 1.34
Diluted earnings per common share (in dollars per share)	$ 0.53	$ 0.64	$ 1.13	$ 1.33
Basic shares (in shares)	27,024,043	27,516,284	27,011,659	27,553,629
Diluted shares (in shares)	27,071,478	27,676,619	27,090,258	27,759,187

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 14,475	$ 17,594	$ 30,662	$ 37,032
Other comprehensive income (loss), net of tax:
Net change in fair value of available-for-sale investment securities	(6,025)	(45,150)	5,181	(124,600)
Amortization of unrealized losses on investment securities transferred to held-to-maturity	1,451	1,448	2,676	1,448
Net change in fair value of derivatives	2,040	2,147	877	2,110
Defined benefit retirement plan and SERPs	(13)	2,470	(25)	2,570
Total other comprehensive income (loss), net of tax	(2,547)	(39,085)	8,709	(118,472)
Comprehensive income (loss)	$ 11,928	$ (21,491)	$ 39,371	$ (81,440)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Shares Outstanding	Common Stock	Additional Paid-In Capital	Retained Earnings	Accum. Other Comp. Loss	Non- Controlling Interest
Beginning balance (in shares) at Dec. 31, 2021		27,714,071
Beginning balance at Dec. 31, 2021	$ 558,267		$ 426,091	$ 98,073	$ 42,015	$ (7,960)	$ 48
Increase (Decrease) in Shareholders' Equity
Net income	19,438				19,438
Other comprehensive income	(79,387)					(79,387)
Cash dividends declared	(7,201)				(7,201)
Common stock sold by directors' deferred compensation plan	1,114		1,114
Shares of common stock repurchased and other related costs (in shares)		(234,981)
Common stock repurchased and retired and other related costs	(6,731)		(6,731)
Share-based compensation (in shares)		105,839
Share-based compensation	876		679	197
Non-controlling interest	2						2
Ending balance (in shares) at Mar. 31, 2022		27,584,929
Ending balance at Mar. 31, 2022	486,378		421,153	98,270	54,252	(87,347)	50
Beginning balance (in shares) at Dec. 31, 2021		27,714,071
Beginning balance at Dec. 31, 2021	558,267		426,091	98,073	42,015	(7,960)	48
Increase (Decrease) in Shareholders' Equity
Net income	37,032
Other comprehensive income	(118,472)					(118,472)
Ending balance (in shares) at Jun. 30, 2022		27,463,562
Ending balance at Jun. 30, 2022	455,100		417,862	98,977	64,693	(126,432)	0
Beginning balance (in shares) at Mar. 31, 2022		27,584,929
Beginning balance at Mar. 31, 2022	486,378		421,153	98,270	54,252	(87,347)	50
Increase (Decrease) in Shareholders' Equity
Net income	17,594				17,594
Other comprehensive income	(39,085)					(39,085)
Cash dividends declared	(7,153)				(7,153)
Common stock sold by directors' deferred compensation plan	927		927
Shares of common stock repurchased and other related costs (in shares)		(174,429)
Common stock repurchased and retired and other related costs	(4,218)		(4,218)
Share-based compensation (in shares)		53,062
Share-based compensation	707			707
Non-controlling interest	(50)						(50)
Ending balance (in shares) at Jun. 30, 2022		27,463,562
Ending balance at Jun. 30, 2022	$ 455,100		417,862	98,977	64,693	(126,432)	0
Beginning balance (in shares) at Dec. 31, 2022	27,025,070	27,025,070
Beginning balance at Dec. 31, 2022	$ 452,871		408,071	101,346	87,438	(143,984)	0
Increase (Decrease) in Shareholders' Equity
Net income	16,187				16,187
Other comprehensive income	11,256					11,256
Cash dividends declared	(7,025)				(7,025)
Shares of common stock repurchased and other related costs (in shares)		(101,760)
Common stock repurchased and retired and other related costs	(2,205)		(2,205)
Share-based compensation (in shares)		82,235
Share-based compensation	(158)			(158)
Ending balance (in shares) at Mar. 31, 2023		27,005,545
Ending balance at Mar. 31, 2023	$ 470,926		405,866	101,188	96,600	(132,728)	0
Beginning balance (in shares) at Dec. 31, 2022	27,025,070	27,025,070
Beginning balance at Dec. 31, 2022	$ 452,871		408,071	101,346	87,438	(143,984)	0
Increase (Decrease) in Shareholders' Equity
Net income	30,662
Other comprehensive income	$ 8,709					8,709
Ending balance (in shares) at Jun. 30, 2023	27,045,792	27,045,792
Ending balance at Jun. 30, 2023	$ 476,279		405,511	101,997	104,046	(135,275)	0
Beginning balance (in shares) at Mar. 31, 2023		27,005,545
Beginning balance at Mar. 31, 2023	470,926		405,866	101,188	96,600	(132,728)	0
Increase (Decrease) in Shareholders' Equity
Net income	14,475				14,475
Other comprehensive income	(2,547)					(2,547)
Cash dividends declared	(7,029)				(7,029)
Shares of common stock repurchased and other related costs (in shares)		(23,750)
Common stock repurchased and retired and other related costs	(355)		(355)
Share-based compensation (in shares)		63,997
Share-based compensation	$ 809			809
Ending balance (in shares) at Jun. 30, 2023	27,045,792	27,045,792
Ending balance at Jun. 30, 2023	$ 476,279		$ 405,511	$ 101,997	$ 104,046	$ (135,275)	$ 0

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.26	$ 0.26	$ 0.26	$ 0.26
Common stock purchased by directors' deferred compensation plan, net shares (in shares)			(38,000)	(40,670)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income	$ 30,662	$ 37,032
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for credit losses	6,171	(2,206)
Depreciation and amortization of premises and equipment	3,376	3,262
Loss on disposal of premises and equipment	9	2
Cash flows from operating leases	(2,692)	(3,021)
Amortization of mortgage servicing rights	356	863
Net amortization and accretion of premium/discounts on investment securities	1,602	2,518
Share-based compensation expense	651	904
Net gain on sales of investment securities	0	(8,506)
Net gain on sales of residential mortgage loans	(296)	(1,339)
Proceeds from sales of loans held for sale	14,486	61,903
Originations of loans held for sale	(15,678)	(57,568)
Equity in earnings of unconsolidated entities	25	(113)
Distributions from unconsolidated entities	44	157
Net (increase) decrease in cash surrender value of bank-owned life insurance	(2,622)	1,946
Deferred income tax benefit (expense)	11,225	(34,300)
Net tax (benefit) expense from share-based compensation	(15)	198
Net change in other assets and liabilities	963	45,819
Net cash provided by operating activities	48,267	47,551
Cash flows from investing activities:
Proceeds from maturities of and calls on available-for-sale investment securities	28,515	88,229
Purchases of investment securities available-for-sale	(14,907)	(89,069)
Proceeds from sale of investment securities	0	8,506
Proceeds from maturities of and calls on held-to-maturity investment securities	18,148	11,184
Loan payments, net	48,382	(34,961)
Purchases of loan portfolios	(19,659)	(165,703)
Proceeds from bank-owned life insurance death benefits	2,453	0
Net purchases of premises, equipment and land	(8,270)	(11,819)
Investments in unconsolidated entities	(75)	(8,995)
Net purchases of FHLB stock	(1,814)	(979)
Net cash provided by (used in) investing activities	52,773	(203,607)
Cash flows from financing activities:
Net increase (decrease) in deposits	69,514	(17,097)
Net decrease in FHLB advances and other short-term borrowings	(5,000)	0
Proceeds from long-term debt	50,000	0
Cash dividends paid on common stock	(14,054)	(14,354)
Repurchases of common stock and other related costs	(2,560)	(10,949)
Net proceeds from issuance of common stock and stock option exercises	0	679
Net cash provided by (used in) financing activities	97,900	(41,721)
Net increase (decrease) in cash and cash equivalents	198,940	(197,777)
Cash and cash equivalents at beginning of period	112,044	328,907
Cash and cash equivalents at end of period	310,984	131,130
Cash paid during the period for:
Interest	22,540	4,037
Income taxes	3,806	5,569
Supplemental disclosure of non-cash information:
Net change in common stock held by directors’ deferred compensation plan	0	(2,041)
Net transfer of investment securities from available-for-sale to held-to-maturity at fair value	0	762,738
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value	3,644	1,976
Other intangible assets and services provided in exchange for Swell common stock	$ 0	$ 1,500

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements of Central Pacific Financial Corp. and Subsidiaries (herein referred to as the "Company," "we," "us," or "our") have been prepared in accordance with the U.S. generally accepted accounting principles ("GAAP") for interim financial information and instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These interim condensed consolidated financial statements and notes should be read in conjunction with the Company's consolidated financial statements and notes thereto filed on Form 10-K for the fiscal year ended December 31, 2022. In the opinion of management, all adjustments necessary for a fair presentation have been made and include all normal recurring adjustments. Interim results of operations are not necessarily indicative of results to be expected for the year. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. In January 2020, we acquired a 50% ownership interest in a mortgage loan origination and brokerage company, Oahu HomeLoans, LLC. The Company concluded that the entity met the definition of a variable interest entity ("VIE") and Central Pacific Bank ("CPB", or the "Bank") was the primary beneficiary of the VIE. As a result, the investment met the consolidation requirements under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, "Consolidation." Accordingly, the investment has been consolidated into our financial statements. In March 2022, Oahu HomeLoans, LLC was terminated. The Company has 50% ownership interests in three other mortgage loan origination and brokerage companies, which are accounted for using the equity method and included in investment in unconsolidated entities: Gentry HomeLoans, LLC, Haseko HomeLoans, LLC and Island Pacific HomeLoans, LLC. The Company has low income housing tax credit partnership investments that are accounted for under the proportional amortization method and included in investment in unconsolidated entities. During the first quarter of 2022, the Company invested $2.0 million in Swell Financial, Inc. ("Swell"), a fintech company, which included $1.5 million in other intangible assets and services provided in exchange for Swell non-voting common stock and $0.5 million in cash in exchange for Swell preferred stock. The Company does not have the ability to exercise significant influence over Swell and the investment does not have a readily determinable fair value. As a result, the Company determined that the cost method of accounting for the investment was appropriate. The investment is included in investments in unconsolidated entities. Swell did not have a material impact to the Company's financial statements during the six months ended June 30, 2023. Refer to Note 6 - Investments in Unconsolidated Entities for additional information and events that occurred related to Swell during the three and six months ended June 30, 2023. In 2021, the Company committed $2.0 million to 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 Company does not have the ability to exercise significant influence over the JAM FINTOP Banktech Fund, L.P. and the investment does not have a readily determinable fair value. As a result, the Company determined that the cost method for the investment was appropriate. The investment is included in investment in unconsolidated entities. The Company had $1.1 million and $1.3 million in unfunded commitments related to the investment as of June 30, 2023 and December 31, 2022, respectively. The Company also has other non-controlling equity investments in affiliates that are accounted for under the cost method and included in investment in unconsolidated entities. Investments in unconsolidated entities accounted for under the equity, proportional amortization and cost methods were $0.1 million, $39.5 million and $5.6 million, respectively, at June 30, 2023 and $0.1 million, $40.9 million and $5.6 million, respectively, at December 31, 2022. The Company's 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 inability of the investee to sustain an earnings capacity, which would justify the carrying amount of the investment. Impairment tests are performed 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. 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 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"). Transfers of investment securities from AFS to HTM are accounted for at fair value as of the date of the transfer. The difference between the fair value and par value at the date of transfer is considered a premium or discount and accounted for accordingly. Any unrealized gain or loss at the date of the transfer is reported in AOCI and amortized over the remaining life of the security as an adjustment of yield in a manner consistent with the amortization of any premium or discount, which will offset or mitigate the effect on interest income of the amortization of the premium or discount for that HTM security. 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 an identical or 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 which 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 (with no minimum credit rating), non-agency residential MBS (with a minimum credit rating of AAA) and non-agency commercial MBS (with a minimum credit rating of BBB- and meets the 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 (with a minimum credit rating of BBB), and corporate bonds (with a minimum credit rating of BBB-). Interest income on investment securities includes amortization of premiums and accretion of discounts. We amortize premiums and accrete discounts 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 June 30, 2023 and the Company did not reverse any accrued interest against interest income during the three and six months ended June 30, 2023. 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 it intends or is required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the investment security’s amortized cost basis is written down to fair value through net income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In conducting this assessment for debt securities in an unrealized loss position, management evaluates the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the investment security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in AOCI. Changes in the ACL are recorded as a provision for (or reversal of) credit losses. Losses are charged against the ACL when management believes the uncollectibility of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As of June 30, 2023, the decline in market values of our AFS debt securities was primarily attributable to changes in interest rates and volatility in the financial markets. We have no intent to sell securities in an unrealized loss position and it is unlikely we will be required to sell such securities before recovery of its amortized cost basis. Therefore, we did not record any ACL as a result of credit loss. 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 ACL for HTM Debt Securities Management measures expected credit losses on HTM debt securities on a collective basis by major security type. For pools of such securities with common risk characteristics, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources. Expected credit losses for these securities are estimated using a loss rate methodology, which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Expected credit loss on each security in the HTM portfolio that do not share common risk characteristics with any of the pools of debt securities is individually measured based on net realizable value or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate and the recorded amortized cost basis of the security. Securities in the HTM portfolio are issued by or contain collateral issued by U.S. government sponsored enterprises ("GSEs") and carry implicit guarantees from the U.S. government. Due to the implicit guarantee and the long history of no credit losses, no allowance for credit losses was recorded for these securities. Accrued interest on HTM debt securities is reported in accrued interest receivable Accrued interest receivable on HTM debt securities totaled $1.2 million and $1.3 million as of June 30, 2023 and December 31, 2022, respectively. Federal Home Loan Bank Stock As 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 FHLB capital stock equal to the sum of a membership investment requirement and an activity-based investment requirement. The securities are reported at cost and presented separately in the consolidated balance sheets. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost, net of the ACL. Amortized cost is the unpaid principal amount outstanding, net of unamortized purchase premiums and discounts, unamortized deferred loan origination fees and costs and cumulative principal charge-offs. Purchase premiums and discounts are generally amortized into interest income over the contractual terms of the underlying loans using the effective interest method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the life of the related loan as an adjustment to the yield, which is typically amortized using the interest method over the contractual term of the loan and 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 $16.1 million and $16.0 million at June 30, 2023 and December 31, 2022, respectively, and is reported together with accrued interest receivable on HTM and AFS debt securities “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. 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”) Prior to the Adoption of ASU 2022-02 The Company adopted ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures", using the prospective transition method. Thus, the Company will continue to account for existing TDRs under the TDR accounting guidance and all new loan modifications will be accounted for under the new loan modification accounting model as described in Note 2 - Recent Accounting Pronouncements. Prior to the adoption of ASU 2022-02 on January 1, 2023, the Company accounted for and reported a loan as a TDR when two conditions were met: 1) the borrower was experiencing financial difficulty and 2) the Company granted 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 resulted in only an insignificant delay in payment was not considered a concession. A delay may have been considered insignificant if 1) the payments subject to the delay were insignificant relative to the unpaid principal or collateral value and the contractual amount due or 2) the delay in timing of the restructured payment period was insignificant relative to the frequency of payments, the debt’s original contractual maturity or original expected duration. TDRs that were performing and on accrual status as of the date of the modification remained on accrual status. TDRs that were nonperforming as of the date of modification generally remained as nonaccrual until the prospect of future payments in accordance with the modified loan agreement was reasonably assured and generally demonstrated when the borrower maintained compliance with the restructured terms for a predetermined period of at least six months. TDRs with temporary below-market concessions remained designated as a TDR regardless of the accrual or performance status until the loan was paid off. Expected credit losses are estimated on a collective (pool) basis when they share similar risk characteristics. A TDR financial asset was evaluated with other financial assets on a collective basis if it shared similar characteristics with other financial assets and individually evaluated if it did not share similar risk characteristics with other financial assets. The Company’s ACL reflects all effects of a TDR when an individual asset is specifically identified as a reasonably expected TDR. The Company determined a TDR was reasonably expected no later than the point at which the lender concluded that a modification was the best course of action and it was at least reasonably possible for the troubled borrower to accept some form of concession from the lender to avoid a default. Reasonably expected TDRs and executed TDRs were evaluated to determine the required ACL using the same method as all other loans held for investment, except when the value of a concession could not be measured using a method other than the discounted cash flow method. When the value of a concession was measured using the discounted cash flow method, the ACL was 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. 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 during 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 will be incurred and the Company can make a reasonable estimate of the loss. In these instances, the likelihood and/or time frame of recovery for 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 adjustments 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, or other internal and external factors. The Company uses the Moody’s Analytics Baseline forecast service for its economic forecast assumption. The Moody’s Analytics Baseline forecast includes both National and Hawaii specific economic indicators. The Moody’s Analytics forecast service is widely used in the industry as it is reasonable and supportable. It is updated at least monthly with 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 accounts for 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 the most appropriate risk ratings or bands of payment delinquency (including TDR or non-accrual status) 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 that 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 consumer 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. Commercial, financial and agricultural loans Commercial, financial and agricultural loans 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. Although our underwriting policy and practice generally requires secondary sources of support or collateral to mitigate risk, the borrower’s business is typically regarded as the principal source of repayment. Paycheck Protection Program (“PPP”) loans are also in this category and are considered lower risk as they are guaranteed by the Small Business Administration (“SBA”) and may be forgivable in whole or in part in accordance with the requirements of the PPP. Home equity lines of credit Home equity lines of credit include fixed or floating interest rate loans and are primarily secured by single family owner-occupied primary residences in Hawaii. They are underwritten based on a minimum FICO score, maximum debt-to-income ratio, and maximum combined loan-to-value ratio. Home equity lines of credit are monitored based on credit score, delinquency, end of draw period and maturity. Residential mortgage loans Residential mortgage loans include fixed-rate and adjustable-rate loans secured by single family owner-occupied primary residences in Hawaii. Economic conditions such as unemployment levels, future changes in interest rates, Hawaii home prices and other market factors impact the level of credit risk inherent in the portfolio. Consumer loans - other revolving This segment consists of consumer unsecured lines of credit. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Consumer loans - non-revolving This segment consists of consumer non-revolving (term) loans, including auto dealer loans. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Purchased consumer portfolios Credit risk for purchased consumer loans is managed on a pooled basis. The predominant risk characteristics of purchased consumer loans include current and projected economic conditions, employment and income levels, and the quality of purchased consumer loans. Below is a description of the methodologies mentioned above: Probability of Default/Loss Given Default ("PD/LGD") The PD/LGD calculation is based on a cohort methodology whereby loans in the same cohort are tracked over time to identify defaults and corresponding losses. PD/LGD analysis requires a portfolio segmented into pools, and we elected to then further sub-segment by risk characteristics suc h as Risk Rating, loans modified for borrowers experiencing financial difficulty, TDRs prior to the adoption of ASU 2022-02 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'. Loss-Rate Migration Loss-rate 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. Loss-rate migration analysis requires the portfolio to be segmented into pools then further sub-segmented by risk characteristics such as days past due, delinquency counters, loans modified for borrowers experiencing financial difficulty, TDRs prior to the adoption of ASU 2022-02 and nonaccrual status to measure loss rates accurately. The key inputs to run a loss-rate 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 monitored 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 of the loan. The methodology considers historical loss experience and 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 the discounted cash flow (“DCF”) method. Individually evaluated loans are not included in the collective evaluation. Determining the Term Expected credit losses are estimated over the contractual term of the loans and are adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: 1) management has a reasonable expectation at the reporting date that a modification will be executed with an individual borrower or 2) the extension or renewal options are included in the original or modified contract at the reporting date and not unconditionally cancellable by the Company. If such renewal options or extensions are present, these options are evaluated in determining the contractual term. Reserve for Off-Balance Sheet Credit Exposures The Company maintains a separate and distinct reserve for off-balance sheet credit exposures, which is included in other liabilities on the Company’s consolidated balance sheets

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Standards Adopted in 2023 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. ASU 2020-04 and 2021-01 are elective and can be adopted between March 12, 2020 and December 31, 2022. In December 2022, the FASB issued ASU 2022-06, "Deferral of the Sunset Date of Topic 848" , which extends the temporary relief provision period and allows companies to defer the adoption to December 31, 2024. The Company adopted ASU 2020-04 in June 2023 and elected optional expedients above for applicable contract modifications. We currently do not have any hedge accounting for hedging relationships that meet the stated criteria. The adoption did not have an impact on the consolidated financial statements. In March 2022, the FASB issued ASU 2022-01, "Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method", which clarifies the guidance on fair value hedge accounting of interest rate risk portfolios of financial assets. ASU 2022-01 updates guidance in Topic 815, to expand the scope of the current last-of-layer method to allow multiple hedged layers to be designated for a single closed portfolio of financial assets or one or more beneficial interests secured by a portfolio of financial instruments on a prospective basis. Additionally, ASU 2022-01 clarifies that basis adjustments related to existing portfolio layer hedge relationships should not be considered when measuring credit losses on the financial assets included in the closed portfolio. Further, ASU 2022-01 clarifies that any reversal of fair value hedge basis adjustments associated with an actual breach should be recognized in interest income immediately. ASU 2022-01 was effective for fiscal years beginning after December 15, 2022, with early adoption permitted. The Company adopted ASU 2022-01 effective January 1, 2023 and it did not have an impact on our consolidated financial statements as we currently do not use the last-of-layer hedge accounting method. In March 2022, the FASB issued ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" . ASU 2022-02 updates guidance in Topic 326 to eliminate the TDR accounting guidance by creditors in Subtopic 310-40, "Receivables—Troubled Debt Restructurings by Creditors" , while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Instead of applying the recognition and measurement guidance for TDRs, an entity would apply the loan refinancing and restructuring guidance to determine whether a modification or other form of restructuring results in a new loan or a continuation of an existing loan. Additionally, the amendments in ASU 2022-02 require that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases in the existing vintage disclosures within the scope of Subtopic 326-20, "Financial Instruments—Credit Losses—Measured at Amortized Cost" . ASU 2022-02 was effective for fiscal years beginning after December 15, 2022, with early adoption permitted. ASU 2022-02 requires prospective transition for disclosures related to loan restructurings for borrowers experiencing financial difficulty and the presentation of current-period gross write-offs by year of origination while removing the presentation of current-period recoveries and net write-off from the vintage disclosure for charge-offs. The guidance related to the recognition and measurement of existing TDRs and new loan modifications or restructurings may be adopted on a prospective or modified retrospective transition method. The Company adopted ASU 2022-02 effective January 1, 2023 using the prospective transition method. As of our adoption date, loan modifications or restructurings for borrowers experiencing financial difficulty are evaluated to determine whether they result in a new loan or a continuation of an existing loan. Loan restructurings for borrowers experiencing financial difficulty are generally accounted for as a continuation of the existing loan as the terms of the restructured loans are typically not at market rates. At adoption of this guidance on January 1, 2023, there was no material impact on our financial statements. When a loan is restructured under ASU 2022-02, we continue to measure impairment on the loan using the discounted cash flow method that utilizes a prepayment-adjusted discount rate based on the loan’s restructured terms. Under the TDR accounting model, we used the discount rate that was in effect prior to the restructuring to measure impairment. Using the interest rate that was in effect prior to the restructuring resulted in the recognition, in the allowance for credit losses, of the economic concession that we granted to borrowers as part of the loan restructuring. Using a post-restructuring interest rate does not result in the recognition of an economic concession in the allowance for credit losses. As we have elected a prospective transition, the economic concession on a loan that was previously restructured and accounted for as a TDR will continue to be measured in our allowance for credit losses using the discount rate that was in effect prior to the restructuring and the economic concession may increase or decrease as we update our cash flow assumptions related to the expected life of the loan. Further, the component of the allowance for credit losses representing economic concessions will decrease as the borrower makes payments in accordance with the restructured terms of the mortgage loan and as the loan is sold, liquidated, or subsequently restructured. We adopted the disclosure guidance related to the presentation of gross write-offs by year of origination in our vintage disclosures on January 1, 2023. Impact of Other Recently Issued Accounting Pronouncements on Future Filings In June 2022, the FASB issued ASU 2022-03, "Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions" . ASU 2022-03, (1) clarifies the guidance in Topic 820 when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, (2) amends a related illustrative example, and (3) introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years, with early adoption permitted. The Company is in the process of evaluating the impact of this pronouncement on the consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES The amortized cost, fair value and related ACL, and corresponding gross unrecognized gains and losses on HTM debt securities at June 30, 2023 and December 31, 2022 are as follows: Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) June 30, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ 41,898 $ — $ (5,262) $ 36,636 $ — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 608,048 — (63,462) 544,586 — Total held-to-maturity securities $ 649,946 $ — $ (68,724) $ 581,222 $ — Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) December 31, 2022 Held-to-maturity: Debt securities: States and political subdivisions $ 41,840 $ — $ (4,727) $ 37,113 $ — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 623,043 — (63,376) 559,667 — Total held-to-maturity securities $ 664,883 $ — $ (68,103) $ 596,780 $ — The amortized cost, fair value and related ACL, and corresponding gross unrealized gains and losses on AFS debt securities at June 30, 2023 and December 31, 2022 are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) June 30, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 167,314 $ 4 $ (32,146) $ 135,172 $ — Corporate securities 35,968 — (5,248) 30,720 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 24,933 9 (2,295) 22,647 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 479,165 — (73,038) 406,127 — Residential - Non-government agencies 9,512 — (1,157) 8,355 — Commercial - U.S. Government-sponsored entities 53,142 — (8,157) 44,985 — Commercial - Non-government agencies 16,559 — (494) 16,065 — Total available-for-sale securities $ 786,593 $ 13 $ (122,535) $ 664,071 $ — Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) December 31, 2022 Available-for-sale: Debt securities: States and political subdivisions $ 172,427 $ 6 $ (36,681) $ 135,752 $ — Corporate securities 36,206 — (5,995) 30,211 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 28,032 — (2,317) 25,715 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 498,989 — (75,186) 423,803 — Residential - Non-government agencies 9,829 — (1,167) 8,662 — Commercial - U.S. Government-sponsored entities 54,346 — (8,202) 46,144 — Commercial - Non-government agencies 1,541 — (34) 1,507 — Total available-for-sale securities $ 801,370 $ 6 $ (129,582) $ 671,794 $ — In March 2022 , the Company transferred 41 investment securities that were classified as AFS to HTM. The investment securities had an amortized cost basis of $361.8 million and a fair market value of $329.5 million. On the date of transfer, these securities had a total net unrealized loss of $32.3 million. There was no impact to net income as a result of the reclassification. In May 2022 , the Company transferred 40 investment securities that were classified as AFS to HTM. The investment securities had an amortized cost basis of $400.9 million and a fair market value of $343.7 million. On the date of transfer, these securities had a total net unrealized loss of $57.2 million. There was no impact to net income as a result of the reclassification. During the three and six months ended June 30, 2023, the Company recorded a total of $2.0 million and $3.6 million in amortization of unrecognized losses on the aforementioned investment securities transferred from AFS to HTM. As of June 30, 2023, the Company has recorded a total of $9.9 million in amortization of unrecognized losses on the aforementioned investment securities transferred from AFS to HTM. These transfers were executed to mitigate the potential future impact to capital through accumulated other comprehensive loss in consideration of a rising interest rate environment and the impact of rising rates on the market value of the investment securities. The Company believes that it maintains sufficient liquidity for future business needs and it has the positive intent and ability to hold these securities to maturity. The amortized cost, estimated fair value and weighted average yield of our HTM and AFS debt securities at June 30, 2023, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. (dollars in thousands) Amortized Cost Fair Value Weighted Average Yield (1) Held-to-maturity: Debt securities: Due in one year or less $ — $ — — % Due after one year through five years — — — Due after five years through ten years — — — Due after ten years 41,898 36,636 2.26 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 608,048 544,586 1.92 Total held-to-maturity securities $ 649,946 $ 581,222 1.94 % Available-for-sale: Debt securities: Due in one year or less $ 5,000 $ 4,986 3.03 % Due after one year through five years 23,629 22,594 3.67 Due after five years through ten years 68,204 60,466 2.67 Due after ten years 131,382 100,493 2.52 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 479,165 406,127 2.02 Residential - Non-government agencies 9,512 8,355 3.32 Commercial - U.S. Government-sponsored entities 53,142 44,985 2.35 Commercial - Non-government agencies 16,559 16,065 5.06 Total available-for-sale securities $ 786,593 $ 664,071 2.33 % (1) Weighted-average yields are computed on an annual basis, and yields on tax-exempt obligations are computed on a taxable-equivalent basis using a federal statutory tax rate of 21% During the three and six months ended June 30, 2023 , the Company did not sell any investment securities . In 2022, the Company completed one sale of investment securities for its Class B common stock of Visa during the second quarter and is discussed later in this footnote. Investment securities with carrying values totaling $841.9 million and $607.7 million at June 30, 2023 and December 31, 2022, respectively, were pledged to secure public funds on deposit and other financial transactions. At June 30, 2023 and December 31, 2022, there were no holdings of investment securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders' equity. There were a total of 83 HTM investment securities which were in an unrecognized loss position, without an ACL, at June 30, 2023 and 83 at December 31, 2022. Th e following tables summarize HTM investment securities, which were in an unrecognized loss position at June 30, 2023 and December 31, 2022, aggregated by major security type and length of time in a continuous unrecognized loss position. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrecognized Losses Fair Value Unrecognized Losses Fair Value Unrecognized Losses June 30, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ — $ — $ 36,636 $ (5,262) $ 36,636 $ (5,262) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 63,078 (3,725) 481,508 (59,737) 544,586 (63,462) Total temporarily impaired securities $ 63,078 $ (3,725) $ 518,144 $ (64,999) $ 581,222 $ (68,724) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrecognized Losses Fair Value Unrecognized Losses Fair Value Unrecognized Losses December 31, 2022 Held-to-maturity: Debt securities: States and political subdivisions $ 37,113 $ (4,727) $ — $ — $ 37,113 $ (4,727) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 559,667 (63,376) — — 559,667 (63,376) Total temporarily impaired securities $ 596,780 $ (68,103) $ — $ — $ 596,780 $ (68,103) There were a total of 245 AFS investment securities which were in an unrealized loss position, without an ACL, at June 30, 2023 and 243 at December 31, 2022. Th e following tables summarize AFS investment securities, which were in an unrealized loss position at June 30, 2023 and December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 15,254 $ (187) $ 116,009 $ (31,959) $ 131,263 $ (32,146) Corporate securities — — 30,720 (5,248) 30,720 (5,248) U.S. Treasury obligations and direct obligations of U.S Government agencies 3,911 (83) 16,354 (2,212) 20,265 (2,295) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 9,227 (440) 396,900 (72,598) 406,127 (73,038) Residential - Non-government agencies 2,747 (336) 5,608 (821) 8,355 (1,157) Commercial - U.S. Government-sponsored entities — — 44,985 (8,157) 44,985 (8,157) Commercial - Non-government agencies 14,660 (359) 1,404 (135) 16,064 (494) Total temporarily impaired securities $ 45,799 $ (1,405) $ 611,980 $ (121,130) $ 657,779 $ (122,535) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 Available-for-sale: Debt securities: States and political subdivisions $ 52,244 $ (4,807) $ 78,389 $ (31,874) $ 130,633 $ (36,681) Corporate securities — — 30,211 (5,995) 30,211 (5,995) U.S. Treasury obligations and direct obligations of U.S Government agencies 9,651 (245) 15,541 (2,072) 25,192 (2,317) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 149,624 (13,990) 274,179 (61,196) 423,803 (75,186) Residential - Non-government agencies 2,890 (334) 5,772 (833) 8,662 (1,167) Commercial - U.S. Government-sponsored entities 25,034 (1,724) 21,110 (6,478) 46,144 (8,202) Commercial - Non-government agencies 1,506 (34) — — 1,506 (34) Total temporarily impaired securities $ 240,949 $ (21,134) $ 425,202 $ (108,448) $ 666,151 $ (129,582) Investment securities in an unrecognized or 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. The Company has evaluated its HTM and AFS investment securities that are in an unrecognized or unrealized loss position and has determined that the unrecognized or unrealized losses on the Company's investment securities are unrelated to credit quality and primarily attributable to changes in interest rates and volatility in the financial markets since purchase. All of the investment securities in an unrecognized or unrealized loss position continue to be rated investment grade by one or more major rating agencies. As the Company does not intend to sell the HTM and AFS securities that are in an unrecognized or unrealized loss position and it is unlikely that we will be required to sell these securities before recovery of its amortized cost basis that may be at maturity, the Company has not recorded an ACL on these securities and the unrecognized or unrealized losses on these securities have not been recognized into income. Visa Class B Common Stock During the second quarter of 2022, the Company sold its 34,631 shares of Class B common stock of Visa, Inc. ("Visa") and received net proceeds of $8.5 million. As of June 30, 2023, the Company no longer owns any shares of Class B common stock of Visa. The Company received these shares in 2008 as part of Visa's initial public offering ("IPO"). These shares were transferable only under limited circumstances until they could 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 determined that the Visa Class B common stock did not have a readily determinable fair value and chose to carry the shares on the Company's consolidated balance sheets at zero cost basis. As a result, the entire net proceeds of $8.5 million were recognized as a pre-tax gain and included in net gain on sales of investment securities in the Company's consolidated statements of income in 2022.

LOANS AND CREDIT QUALITY

LOANS AND CREDIT QUALITY	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
LOANS AND CREDIT QUALITY	4. LOANS AND CREDIT QUALITY The following table presents loans by class, excluding loans held for sale, net of ACL as of June 30, 2023 and December 31, 2022: (dollars in thousands) June 30, 2023 December 31, 2022 Commercial, financial and agricultural: SBA PPP $ 1,615 $ 2,654 Other 543,775 544,495 Real estate: Construction 201,426 167,366 Residential mortgage 1,942,272 1,940,456 Home equity 748,704 737,386 Commercial mortgage 1,369,329 1,364,998 Consumer 713,630 798,957 Gross loans 5,520,751 5,556,312 Net deferred fees and costs (68) (846) Total loans, net of deferred fees and costs 5,520,683 5,555,466 Allowance for credit losses (63,849) (63,738) Total loans, net of allowance for credit losses $ 5,456,834 $ 5,491,728 The Company did not transfer any loans to the held-for-sale category during the three and six months ended June 30, 2023 and 2022. The Company did not sell any loans originally held for investment during the three and six months ended June 30, 2023 and 2022. As of June 30, 2023 and December 31, 2022, the Company did not have any loans categorized as purchased credit deteriorated ("PCD"). The following tables present loans purchased by class during the periods presented: Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 (dollars in thousands) U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Purchases: Outstanding balance $ 152 $ — $ 152 $ 56,624 $ 30,866 $ 87,490 (Discount) premium — — — (3,043) 1,543 (1,500) Purchase price $ 152 $ — $ 152 $ 53,581 $ 32,409 $ 85,990 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Purchases: Outstanding balance $ 3,932 $ 15,159 $ 19,091 $ 104,766 $ 64,890 $ 169,656 (Discount) premium — 568 568 (7,410) 3,457 (3,953) Purchase price $ 3,932 $ 15,727 $ 19,659 $ 97,356 $ 68,347 $ 165,703 Foreclosure Proceedings The Company had $1.4 million and $2.4 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at June 30, 2023 and December 31, 2022, respectively. The Company also had $0.1 million of commercial real estate loans collateralized by commercial real estate that were in the process of foreclosure at June 30, 2023. There were no commercial real estate loans in the process of foreclosure at December 31, 2022, respectively. The Company did not foreclose on any loans during the three and six months ended June 30, 2023 and 2022. The Company did not sell any foreclosed properties during the three and six months ended June 30, 2023 and 2022. 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 June 30, 2023 and December 31, 2022. The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL under ASC 326 as of June 30, 2023 and December 31, 2022. (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual June 30, 2023 Commercial, financial and agricultural: SBA PPP $ 5 $ — $ — $ — $ 5 $ 1,560 $ 1,565 $ — Other 454 98 — 319 871 542,722 543,593 — Real estate: Construction — — — 4,851 4,851 195,968 200,819 4,851 Residential mortgage — 2,941 959 4,385 8,285 1,934,621 1,942,906 4,385 Home equity 1,623 178 133 797 2,731 748,029 750,760 797 Commercial mortgage — — — 77 77 1,367,485 1,367,562 77 Consumer 4,124 1,546 2,207 632 8,509 704,969 713,478 — Total $ 6,206 $ 4,763 $ 3,299 $ 11,061 $ 25,329 $ 5,495,354 $ 5,520,683 $ 10,110 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual December 31, 2022 Commercial, financial and agricultural: SBA PPP $ 471 $ 37 $ 13 $ — $ 521 $ 2,034 $ 2,555 $ — Other 546 131 26 297 1,000 542,947 543,947 — Real estate: Construction — — — — — 166,723 166,723 — Residential mortgage 303 — 559 3,808 4,670 1,936,329 1,940,999 3,808 Home equity 1,540 — — 570 2,110 737,270 739,380 570 Commercial mortgage 160 — — — 160 1,362,915 1,363,075 — Consumer 5,173 1,921 1,240 576 8,910 789,877 798,787 — Total $ 8,193 $ 2,089 $ 1,838 $ 5,251 $ 17,371 $ 5,538,095 $ 5,555,466 $ 4,378 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 tables present 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 June 30, 2023 and December 31, 2022: (dollars in thousands) Secured by Secured by Secured by Total Allocated June 30, 2023 Real estate: Construction $ — $ 4,851 $ — $ 4,851 $ — Residential mortgage 5,832 — — 5,832 — Home equity 797 — — 797 — Commercial mortgage — 77 — 77 — Total $ 6,629 $ 4,928 $ — $ 11,557 $ — (dollars in thousands) Secured by Secured by Secured by Total Allocated December 31, 2022 Real estate: Residential mortgage $ 5,653 $ — $ — $ 5,653 $ — Home equity 570 — — 570 — Total $ 6,223 $ — $ — $ 6,223 $ — Loan Modifications for Borrowers Experiencing Financial Difficulty Since the adoption of ASU 2022-02 on January 1, 2023 and d uring the three and six months ended June 30, 2023, t he Company has not modified any material loans for borrowers experiencing financial difficulty. Troubled Debt Restructurings Prior to the Adoption of ASU 2022-02 Prior to our adoption of ASU 2022-02, we accounted for a modification to the contractual terms of a loan that resulted in granting a concession to a borrower experiencing financial difficulties as a troubled debt restructuring ("TDR"). Loans identified as TDRs prior to our adoption of ASU 2022-02 included in nonperforming assets at June 30, 2023 consisted of five Hawaii loans with a principal balance of $1.0 million. There were $2.3 million of loans identified as TDRs prior to our adoption of ASU 2022-02 that were still accruing interest at June 30, 2023, none of which were more than 90 days delinquent. At December 31, 2022, there were $2.8 million of loans identified as TDRs prior to our adoption of ASU 2022-02 that were still accruing interest, none of which were more than 90 days delinquent. The Company offered various types of concessions when modifying a loan. Concessions made to the original contractual terms of the loan typically consisted of the deferral of interest and/or principal payments due to deterioration in the borrowers' financial condition. In these cases, the principal balance on the TDR had matured and/or was in default at the time of restructure, and there were no commitments to lend additional funds to the borrower during the three and six months ended June 30, 2023 and 2022. During the three and six months ended June 30, 2022, the Company did not modify any loans as a TDR prior to the adoption of ASU 2022-02. No loans were modified as a TDR prior to the adoption of ASU 2022-02 within the previous twelve months that subsequently defaulted during the three and six months ended June 30, 2023 and 2022. 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 that do not meet 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. These loans 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, and in addition have weaknesses that make collection or orderly repayment in full on the basis of current existing facts, conditions and values, highly questionable and improbable. Although the possibility of loss is extremely high, its classification as an estimated loss is deferred until a more exact status may be determined due to certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure. Loss. Loans classified as loss are considered to be non-collectible and of such little value that their continuance as bankable assets is not warranted. This does not mean the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. Losses are taken in the period in which they surface as uncollectible. The following tables present the amortized cost basis of the Company's loans by class, credit quality indicator and origination year as of June 30, 2023 and December 31, 2022. Revolving loans converted to term as of and during the three and six months ended June 30, 2023 and 2022 were not material to the total loan portfolio. In addition, the following table includes gross charge-offs of loans by origination year in the six months ended June 30, 2023. (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans June 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ — $ — $ 1,558 $ 7 $ — $ — $ — $ 1,565 Subtotal — — 1,558 7 — — — 1,565 Commercial, financial and agricultural - Other: Risk Rating Pass 28,074 88,909 96,370 36,582 45,644 164,349 71,833 531,761 Special Mention — 1,025 933 389 763 1 — 3,111 Substandard — 194 364 740 213 7,115 95 8,721 Subtotal 28,074 90,128 97,667 37,711 46,620 171,465 71,928 543,593 Construction: Risk Rating Pass 3,392 54,815 71,645 17,343 2,339 31,491 13,854 194,879 Substandard — — 5,260 — 680 — — 5,940 Subtotal 3,392 54,815 76,905 17,343 3,019 31,491 13,854 200,819 Residential mortgage: Risk Rating Pass 56,266 273,298 626,257 424,951 148,026 407,541 — 1,936,339 Special Mention — — — — — 288 — 288 Substandard — 1,077 — 935 822 3,445 — 6,279 Subtotal 56,266 274,375 626,257 425,886 148,848 411,274 — 1,942,906 Home equity: Risk Rating Pass 6,159 33,821 22,328 9,767 6,632 17,969 653,154 749,830 Substandard — — — — 73 857 — 930 Subtotal 6,159 33,821 22,328 9,767 6,705 18,826 653,154 750,760 Commercial mortgage: Risk Rating Pass 30,227 237,434 204,823 117,919 113,677 608,900 8,356 1,321,336 Special Mention — — — — 10,950 11,690 — 22,640 Substandard — — 11,627 — 1,677 10,282 — 23,586 Subtotal 30,227 237,434 216,450 117,919 126,304 630,872 8,356 1,367,562 Consumer: Risk Rating Pass 39,595 317,273 194,537 46,587 38,114 18,684 55,851 710,641 Substandard 4 103 148 161 163 1,161 3 1,743 Loss — — — — — 1,094 — 1,094 Subtotal 39,599 317,376 194,685 46,748 38,277 20,939 55,854 713,478 Total $ 163,717 $ 1,007,949 $ 1,235,850 $ 655,381 $ 369,773 $ 1,284,867 $ 803,146 $ 5,520,683 (dollars in thousands) Gross Charge-Offs by Year of Origination Amortized Cost of Revolving Loans Six Months Ended June 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial, financial and agricultural: Other $ — $ 212 $ 88 $ — $ 207 $ 634 $ — $ 1,141 Consumer — 2,745 2,730 345 409 330 — 6,559 Year-to-date gross charge-offs $ — $ 2,957 $ 2,818 $ 345 $ 616 $ 964 $ — $ 7,700 (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans December 31, 2022 2022 2021 2020 2019 2018 Prior Total Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ — $ 2,546 $ 9 $ — $ — $ — $ — $ 2,555 Subtotal — 2,546 9 — — — — 2,555 Commercial, financial and agricultural - Other: Risk Rating Pass 77,550 101,595 41,358 53,241 39,106 141,950 76,466 531,266 Special Mention 2,206 350 172 1,011 29 — 99 3,867 Substandard 188 176 833 256 116 7,215 30 8,814 Subtotal 79,944 102,121 42,363 54,508 39,251 149,165 76,595 543,947 Construction: Risk Rating Pass 25,663 61,027 23,384 2,387 14,309 18,048 15,044 159,862 Special Mention — 417 — — 898 — — 1,315 Substandard — 4,850 — 696 — — — 5,546 Subtotal 25,663 66,294 23,384 3,083 15,207 18,048 15,044 166,723 Residential mortgage: Risk Rating Pass 279,146 636,756 434,928 154,906 58,431 371,517 — 1,935,684 Substandard — — 948 — 503 3,864 — 5,315 Subtotal 279,146 636,756 435,876 154,906 58,934 375,381 — 1,940,999 Home equity: Risk Rating Pass 34,973 23,772 10,520 7,463 6,880 11,727 643,277 738,612 Special Mention — — — — — — 198 198 Substandard — — — — 78 453 39 570 Subtotal 34,973 23,772 10,520 7,463 6,958 12,180 643,514 739,380 Commercial mortgage: Risk Rating Pass 226,137 208,230 119,531 129,950 145,932 472,267 11,473 1,313,520 Special Mention — — — 11,388 — 16,082 — 27,470 Substandard — 10,149 — 1,700 2,133 8,103 — 22,085 Consumer: Risk Rating Pass 358,609 242,942 59,352 50,899 20,065 10,958 54,038 796,863 Special Mention — — — 113 — — — 113 Substandard 1 261 91 126 42 790 — 1,311 Loss — — — — — 500 — 500 Subtotal 358,610 243,203 59,443 51,138 20,107 12,248 54,038 798,787 Total $ 1,004,473 $ 1,293,071 $ 691,126 $ 414,136 $ 288,522 $ 1,063,474 $ 800,664 $ 5,555,466

ALLOWANCE FOR CREDIT LOSSES AND

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
ALLOWANCE FOR LOAN AND LEASE LOSSES
ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE	5. ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES The following tables present by class, the activity in the ACL for loans under ASC 326 during the three months ended June 30, 2023 and 2022: (dollars in thousands) Commercial, Financial and Agricultural Real Estate Three Months Ended June 30, 2023 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 1 $ 7,130 $ 3,087 $ 11,813 $ 4,037 $ 17,472 $ 19,559 $ 63,099 Provision (credit) for credit losses on loans — 52 567 413 (87) (107) 3,297 4,135 Subtotal 1 7,182 3,654 12,226 3,950 17,365 22,856 67,234 Charge-offs — 362 — — — — 3,873 4,235 Recoveries — 125 — 7 15 — 703 850 Net charge-offs (recoveries) — 237 — (7) (15) — 3,170 3,385 Ending balance $ 1 $ 6,945 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849 (dollars in thousands) Commercial, Financial and Agricultural Real Estate Three Months Ended June 30, 2022 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 36 $ 9,562 $ 3,836 $ 11,043 $ 4,641 $ 16,055 $ 19,581 $ 64,754 Provision (credit) for credit losses on loans (21) (1,565) (833) 1,688 (596) 1,803 980 1,456 Subtotal 15 7,997 3,003 12,731 4,045 17,858 20,561 66,210 Charge-offs — 487 — — — — 1,390 1,877 Recoveries — 215 62 36 — — 565 878 Net charge-offs (recoveries) — 272 (62) (36) — — 825 999 Ending balance $ 15 $ 7,725 $ 3,065 $ 12,767 $ 4,045 $ 17,858 $ 19,736 $ 65,211 In accordance with GAAP, other real estate assets are not included in our assessment of the ACL. In the three months ended June 30, 2023, we recorded a provision for credit losses of $4.3 million, which consisted of a provision for credit losses on loans of $4.1 million and a provision for credit losses on off-balance sheet credit exposures of $0.2 million. In the three months ended June 30, 2022, we recorded a debit to the provision for credit losses of $1.0 million, which consisted of a debit to the provision for credit losses on loans of $1.5 million and a credit to the provision for credit losses on off-balance sheet credit exposures of $0.5 million. The following tables present by class, the activity in the ACL for loans under ASC 326 during the six months ended June 30, 2023 and 2022: The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, during the three and six months ended June 30, 2023 and 2022. Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 3,480 $ 4,540 $ 3,243 $ 4,804 Provision (credit) for off-balance sheet credit exposures 184 (467) 421 (731) Ending balance $ 3,664 $ 4,073 $ 3,664 $ 4,073	(dollars in thousands) Commercial, Financial and Agricultural Real Estate Six Months Ended June 30, 2023 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 2 $ 6,822 $ 2,867 $ 11,804 $ 4,114 $ 17,902 $ 20,227 $ 63,738 Provision (credit) for credit losses on loans (1) 889 787 369 (164) (537) 4,407 5,750 Subtotal 1 7,711 3,654 12,173 3,950 17,365 24,634 69,488 Charge-offs — 1,141 — — — — 6,559 7,700 Recoveries — 375 — 60 15 — 1,611 2,061 Net charge-offs (recoveries) — 766 — (60) (15) — 4,948 5,639 Ending balance $ 1 $ 6,945 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849 (dollars in thousands) Commercial, Financial and Agricultural Real Estate Six Months Ended June 30, 2022 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 77 $ 10,314 $ 3,908 $ 12,463 $ 4,509 $ 18,411 $ 18,415 $ 68,097 Provision (credit) for credit losses on loans (62) (2,413) (905) 156 (464) (553) 2,766 (1,475) Subtotal 15 7,901 3,003 12,619 4,045 17,858 21,181 66,622 Charge-offs — 741 — — — — 2,606 3,347 Recoveries — 565 62 148 — — 1,161 1,936 Net charge-offs (recoveries) — 176 (62) (148) — — 1,445 1,411 Ending balance $ 15 $ 7,725 $ 3,065 $ 12,767 $ 4,045 $ 17,858 $ 19,736 $ 65,211 In the six months ended June 30, 2023, our provision for credit losses was a debit of $6.2 million, which consisted of a debit to the provision for credit losses on loans of $5.8 million and a debit to the provision for credit losses on off-balance sheet credit exposures of $0.4 million. In the six months ended June 30, 2022, our provision for credit loss was a credit of $2.2 million, which consisted of a credit to the provision for credit losses on loans of $1.5 million, a credit to the provision for credit losses on off-balance sheet credit exposures of $0.7 million.

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	6 Months Ended
	Jun. 30, 2023
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	6. INVESTMENTS IN UNCONSOLIDATED ENTITIES The components of the Company's investments in unconsolidated entities were as follows: (dollars in thousands) June 30, 2023 December 31, 2022 Investments in low income housing tax credit partnerships, net of amortization $ 39,511 $ 40,939 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 115 110 Other 4,045 4,045 Total $ 45,218 $ 46,641 The Company invests in low-income housing tax credit ("LIHTC") and other partnerships. The Company had commitments to fund LIHTC partnerships totaling $47.8 million and $47.8 million as of June 30, 2023 and December 31, 2022, respectively. Unfunded commitments related to LIHTC partnerships totaled $23.6 million at June 30, 2023 and December 31, 2022, and are included in other liabilities in the Company's consolidated balance sheets. The investments are accounted for under the proportional amortization method and are included in investments in unconsolidated entities in the Company's consolidated balance sheets. During the first quarter of 2022, the Company invested $2.0 million in Swell Financial, Inc. ("Swell"), which included $1.5 million in other intangible assets and services provided in exchange for Swell non-voting common stock and $0.5 million in cash in exchange for Swell preferred stock. The Company does not have the ability to exercise significant influence over Swell and the investment does not have a readily determinable fair value. As a result, the Company determined that the cost method of accounting for the investment was appropriate. The investment is included in investments in unconsolidated entities. During the fourth quarter of 2022, Swell launched a consumer banking application that combined checking, credit and more into one integrated account, with CPB serving as the bank sponsor. Swell began with an alpha pilot, where members of its waitlist were invited to sign up for Swell Cash and Credit. The Company also collaborated with Swell and Elevate Credit, Inc. ("Elevate"), a provider of digital solutions. In the first quarter of 2023, Elevate was acquired by Park Cities Asset Management, LLC, who is also the largest investor in Swell. Swell did not have a material impact to the Company's financial statements during the six months ended June 30, 2023. As a result of a variety of adverse factors affecting Swell’s business and its strategy, the portfolio of Swell Cash and Credit accounts, which were immaterial, were closed in June 2023 and CPB is no longer serving as the bank sponsor. The Company anticipates that it will enter into a transaction with Swell in the third quarter of 2023 whereby Swell will repurchase the Company’s entire preferred and common stock equity investment in exchange for cash (not to exceed $0.5 million), certain intellectual property rights and a platform usage fee related to products that may be launched by Swell or its affiliates in the future (not to exceed $1.5 million in value). The Company cannot provide any assurance that the transaction with Swell will be completed on the foregoing terms or at all. Due to the aforementioned events, the Company performed an impairment analysis and concluded the investment in Swell was not impaired as of June 30, 2023. During the second quarter of 2021, the Company committed $2.0 million to the JAM FINTOP Banktech Fund, L.P., a venture capital investment fund designed to help develop and accelerate technology adoption at community banks across the United States. The Company had $1.1 million and $1.3 million in unfunded commitments related to the investment as of June 30, 2023 and December 31, 2022, respectively, which is recorded in other liabilities. The investment is accounted for under the cost method and is included in investment in unconsolidated entities. The expected payments for the unfunded commitments of LIHTC and other partnerships as of June 30, 2023 for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, LIHTC Other Total 2023 (remainder) $ 9,693 $ 1,063 $ 10,756 2024 9,280 — 9,280 2025 4,248 — 4,248 2026 26 — 26 2027 26 — 26 2028 20 — 20 Thereafter 313 — 313 Total unfunded commitments $ 23,606 $ 1,063 $ 24,669 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three and six months ended June 30, 2023 and June 30, 2022: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Proportional amortization method: Amortization expense recognized in income tax expense $ 714 $ 607 $ 1,428 $ 1,214 Tax credits recognized in income tax expense 892 709 1,784 1,418

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
MORTGAGE SERVICING RIGHTS	7. MORTGAGE SERVICING RIGHTS The following table presents changes in mortgage servicing rights for the periods presented: (dollars in thousands) Balance at December 31, 2022 $ 9,074 Additions 125 Amortization (356) Balance at June 30, 2023 $ 8,843 Balance at December 31, 2021 $ 9,738 Additions 494 Amortization (863) Balance at June 30, 2022 $ 9,369 Income generated as the result of new mortgage servicing rights is reported as gains on sales of loans and totaled $0.1 million and and $0.1 million for the three and six months ended June 30, 2023, respectively, compared to $0.2 million and $0.5 million for the three and six months ended June 30, 2022, respectively. Amortization of mortgage servicing rights totaled $0.2 million and $0.4 million f or the three and six months ended June 30, 2023, respectively, compared to $0.3 million and $0.9 million for the three and six months ended June 30, 2022, respectively. The following tables present the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: (dollars in thousands) June 30, 2023 June 30, 2022 Fair market value, beginning of year $ 12,061 $ 10,504 Fair market value, end of period 12,585 12,047 Weighted average discount rate 9.5 % 9.5 % Weighted average prepayment speed assumption 10.4 % 7.5 % The carrying values and accumulated amortization related to our mortgage servicing rights are presented below: June 30, 2023 December 31, 2022 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 69,538 $ (60,695) $ 8,843 $ 69,413 $ (60,339) $ 9,074 Based on the mortgage servicing rights held as of June 30, 2023, estimated amortization expense for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 374 2024 807 2025 736 2026 670 2027 607 2028 540 Thereafter 5,109 Total $ 8,843

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	8. DERIVATIVES We utilize various designated and undesignated derivative financial instruments to reduce our exposure to movements in interest rates. We measure all derivatives at fair value on our consolidated balance sheet. In each reporting period, we record the derivative instruments in other assets or other liabilities depending on whether the derivatives are in an asset or liability position. For derivative instruments that are designated as cash flow hedging instruments, we record the effective portion of the changes in the fair value of the derivative in AOCI, net of tax, until earnings are affected by the variability of cash flows of the hedged transaction. We immediately recognize the portion of the gain or loss in the fair value of the derivative that represents hedge ineffectiveness in current period earnings. For derivative instruments that are not designated as hedging instruments, changes in the fair value of the derivative are included in current period earnings. Interest Rate Lock and Forward Sale Commitments We may 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 may also enter into forward loan sale commitments. The interest rate locks and forward loan sale commitments are accounted for as undesignated derivatives and are recorded at their respective fair values in other assets and other liabilities, with changes in fair value recorded in current period earnings. These instruments serve to reduce our exposure to movements in interest rates. Risk Participation Agreements In the first and fourth quarters of 2020, we entered into credit risk participation agreements ("RPA") with financial institution counterparties for interest rate swaps related to loans in which we participate. The risk participation agreements entered into by us and a participant bank provide credit protection to the financial institution counterparties should the borrowers fail to perform on their interest rate derivative contracts with the financial institutions. 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 recorded at fair value on our consolidated balance sheet in other assets or other liabilities. As of June 30, 2023, the Company had swap agreements with its borrowers with a total notional amount of $31.9 million, offset by swap agreements with third party financial institutions with the same total notional amount of $31.9 million. As of June 30, 2023, the Company held $10.6 million in counter-party collateral related to the back-to-back swap agreements. Interest Rate Swaps During the first quarter of 2022, the Company entered into a forward starting interest rate swap, with an effective date of March 31, 2024. This transaction had a notional amount totaling $115.5 million as of June 30, 2023, and was designated as a fair value hedge of certain municipal debt securities. The Company will pay the counterparty a fixed rate of 2.095% and will receive a floating rate based on the Federal Funds effective rate. The fair value hedge has a maturity date of March 31, 2029. The interest rate swap is carried on the Company’s consolidated balance sheet at its fair value in other assets (when the fair value is positive) or in other liabilities (when the fair value is negative). The changes in the fair value of the interest rate swap are recorded in interest income. The unrealized gains or losses due to changes in fair value of the hedged debt securities due to changes in benchmark interest rates are recorded as an adjustment to the hedged debt securities and offset in the same interest income line item. The following tables present the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheets: Derivative Financial Instruments Not Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location June 30, December 31, June 30, December 31, Interest rate lock and forward sale commitments Other assets / other liabilities $ 16 $ 10 $ 1 $ 2 Back-to-back swap agreements Other assets / other liabilities 4,158 4,611 4,158 4,611 Derivative Financial Instruments Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location June 30, December 31, June 30, December 31, Interest rate swap Other assets / other liabilities $ 7,105 $ 5,986 $ — $ — The following tables present the impact of derivative instruments and their location within the consolidated statements of income for the periods indicated: Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended June 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income $ 16 Loans held for sale Other income (4) Back-to-back swap agreements Other service charges and fees 35 Three Months Ended June 30, 2022 Interest rate lock and forward sale commitments Mortgage banking income (143) Loans held for sale Other income 62 Risk participation agreements Other service charges and fees — Six Months Ended June 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income 8 Loans held for sale Other income (1) Back-to-back swap agreements Other service charges and fees 35 Six Months Ended June 30, 2022 Interest rate lock and forward sale commitments Mortgage banking income — Loans held for sale Other income (1) Risk participation agreements Other service charges and fees 16 Derivative Financial Instruments Location of Loss Amount of Loss (dollars in thousands) Three Months Ended June 30, 2023 Interest rate swap Interest income $ (116) Three Months Ended June 30, 2022 Interest rate swap Interest income — Six Months Ended June 30, 2023 Interest rate swap Interest income (59) Six Months Ended June 30, 2022 Interest rate swap Interest income (157)

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS AND LONG-TERM DEBT	9. SHORT-TERM BORROWINGS AND LONG-TERM DEBT Federal Home Loan Bank Advances and Other Borrowings The Bank is a member of the Federal Home Loan Bank of Des Moines (the "FHLB") and maintained a $2.06 billion line of credit as of June 30, 2023, compared to $2.23 billion at December 31, 2022. At June 30, 2023, $1.98 billion was undrawn under this arrangement, compared to $2.19 billion at December 31, 2022. There were no short-term borrowings under this arrangement at June 30, 2023, compared to $5.0 million at December 31, 2022. Letters of credit under this arrangement that are used to collateralize certain government deposits totaled $36.0 million as of June 30, 2023, and remained unchanged from $36.0 million as of December 31, 2022. There were $50.0 million in long-term borrowings under this arrangement bearing interest rates between 4.02% and 4.62% at June 30, 2023, compared to no long-term borrowings at December 31, 2022. FHLB advances and standby letters of credit available at June 30, 2023 were secured by certain real estate loans with a carrying value of $3.20 billion in accordance with the collateral provisions of the Advances, Security and Deposit Agreement with the FHLB. At June 30, 2023 and December 31, 2022, the Bank had additional unused borrowings available at the Federal Reserve of $169.3 million and $75.9 million, respectively. As of June 30, 2023 and December 31, 2022, certain commercial and commercial real estate loans with a carrying value totaling $138.2 million and $125.0 million, respectively, were pledged as collateral on our line of credit with the Federal Reserve. In addition, investment securities with a carrying value of $72.6 million as of June 30, 2023, were pledged to the Federal Reserve in support of the line of credit. No investment securities were pledged to the Federal Reserve in support of the line of credit as of December 31, 2022. The Federal Reserve does not have the right to sell or repledge these loans and investment securities. The Bank is a member bank of the Pacific Coast Bankers' Bank ("PCBB") and had unused unsecured credit lines available at the PCBB of $50.0 million and $100.0 million at June 30, 2023 and December 31, 2022, respectively. At June 30, 2023 and December 31, 2022, the Bank had additional unused unsecured credit lines available at Wells Fargo of $25.0 million and $25.0 million, respectively. Subordinated Debentures 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 which bore 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 which bore 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. During the second quarter of 2023, the Company was notified that our Trust IV and Trust V debt agreements will be amended to replace the LIBOR-based reference rate with an adjusted CME Term Secured Overnight Financing Rate ("SOFR") plus a tenor spread adjustment. The amendment is expected to take place on July 3, 2023, after the cessation of the LIBOR benchmark rate on June 30, 2023. ASC 848 allows us to account for the modification as a continuation of the existing contract without additional analysis. The Company had the following junior subordinated debentures outstanding, which are recorded in long-term debt on the Company's consolidated balance sheets at June 30, 2023 and December 31, 2022: (dollars in thousands) Name of Trust June 30, 2023 Interest Rate December 31, 2022 Interest Rate Trust IV $ 30,928 Three-month LIBOR + 2.45% $ 30,928 Three-month LIBOR + 2.45% Trust V 20,619 Three-month LIBOR + 1.87% 20,619 Three-month LIBOR + 1.87% Total $ 51,547 $ 51,547 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 trust preferred securities, the junior subordinated debentures that are the assets of Trusts IV and V and the common securities issued by Trusts IV and V are redeemable in whole or in part on any interest payment date on or after December 15, 2009 for Trust IV and V, or at any time in whole but not in part within 90 days following the occurrence of certain events. Our obligations with respect to the issuance of the trust preferred securities constitute a full and unconditional guarantee by the Company of each trust's obligations with respect to its trust preferred securities. Subject to certain exceptions and limitations, we may elect from time to time to defer interest payments on the subordinated debentures, which would result in a deferral of distribution payments on the related trust preferred securities, for up to 20 consecutive quarterly periods without default or penalty. The subordinated debentures may be included in Tier 1 capital, with certain limitations applicable, under current regulatory guidelines and interpretations. Subordinated Notes The Company had the following subordinated notes outstanding at June 30, 2023 and December 31, 2022: (dollars in thousands) Description June 30, 2023 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 plus 456 basis points. (dollars in thousands) Description December 31, 2022 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 plus 456 basis points. 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 subordinated 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 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 $54.4 million, net of unamortized debt issuance costs of $0.6 million, at June 30, 2023.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	10. 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. The Company also generates 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 the Company's 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, and letters of credit. 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 table presents the Company's other operating income, segregated by revenue streams that are in-scope and out-of-scope of ASC 606, "Revenue from Contracts with Customers" for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Other operating income: In-scope of ASC 606 Mortgage banking income $ 174 $ 500 $ 325 $ 735 Service charges on deposit accounts 2,137 2,026 4,248 3,887 Other service charges and fees 4,402 4,089 8,781 7,952 Income on fiduciary activities 1,068 1,188 2,389 2,342 In-scope other operating income 7,781 7,803 15,743 14,916 Out-of-scope other operating income 2,654 9,335 5,701 11,773 Total other operating income $ 10,435 $ 17,138 $ 21,444 $ 26,689

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	11. SHARE-BASED COMPENSATION Restricted and Performance Stock Units Under the Company's 2013 Stock Compensation Plan and 2023 Stock Compensation Plan, which was approved by our shareholders on April 27, 2023, the Company awards restricted stock units ("RSUs") and performance stock units ("PSUs") to our non-officer directors and certain senior management personnel. The awards typically vest over a two, three The following table presents the activity of RSUs and PSUs for the six months ended June 30, 2023: (dollars in thousands, except per share data) Shares Weighted Average Grant Date Fair Value Fair Value of RSUs and PSUs That Vested During the Period Non-vested RSUs and PSUs, beginning of period 352,465 $ 23.40 Changes during the period: Granted 114,524 22.83 Forfeited (48,430) 24.82 Vested (185,244) 20.81 $ 3,844 Non-vested RSUs and PSUs, end of period 233,315 24.88

PENSION AND SUPPLEMENTAL EXECUT

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS	12. SUPPLEMENTAL EXECUTIVE RETIREMENT AND DEFINED BENEFIT RETIREMENT PLANS Supplemental Executive Retirement Plans In 1995, 2001, 2004 and 2006, the Bank established Supplemental Executive Retirement Plans ("SERPs"), which provide certain (current and former) 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 projected benefit obligation of the unfunded SERPs is recorded in other liabilities on the Company's consolidated balance sheets. The projected benefit obligation was $9.2 million at June 30, 2023, which remained relatively unchanged from $9.2 million at December 31, 2022. The following table presents the components of net periodic benefit cost for the SERPs for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Interest cost $ 112 $ 75 $ 224 $ 150 Amortization of net actuarial (gain) loss (19) 21 (38) 42 Amortization of net transition obligation 2 4 4 8 Net periodic benefit cost $ 95 $ 100 $ 190 $ 200 All components of net periodic benefit cost are included in other operating expenses in the Company's consolidated statements of income. Defined Benefit Retirement Plan CPB had 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 date. 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 completed the termination and settlement of the defined benefit retirement plan in the second quarter of 2022. Upon final plan termination and settlement, the Company recognized a one-time noncash settlement charge of $4.9 million, which was recorded in other operating expense. As of June 30, 2023, the Company has no further defined benefit retirement plan liability or ongoing pension expense recognition. The following table presents the components of net periodic benefit cost for the defined benefit retirement plan for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Interest cost $ — $ 212 $ — $ 212 Expected return on plan assets — (195) — (207) Amortization of net actuarial loss — 112 — 224 Settlement — 4,884 — 4,884 Net periodic benefit cost $ — $ 5,013 $ — $ 5,113

OPERATING LEASES

OPERATING LEASES	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
LEASES	13. OPERATING LEASES We lease certain land and buildings for our bank branches and ATMs. In some instances, a lease may contain renewal options to extend the term of the lease. Renewal options that are likely to be exercised have been recognized as part of our right-of-use assets and lease liabilities in accordance with ASC 842, "Leases" . Certain leases also contain variable payments that are primarily determined based on common area maintenance costs and Hawaii state tax rates. All leases are operating leases and we do not include any short term leases in the calculation of the right-of-use assets and lease liabilities. The most significant assumption related to the Company’s application of ASC 842 was the discount rate assumption. As most of the Company’s lease agreements do not provide for an implicit interest rate, the Company uses the collateralized interest rate that the Company would have to pay to borrow over a similar term to estimate the Company’s lease liability. Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Lease cost: Operating lease cost $ 1,327 $ 1,386 $ 2,652 $ 2,776 Variable lease cost 934 834 1,822 1,664 Less: Sublease income (17) (12) (34) (24) Total lease cost $ 2,244 $ 2,208 $ 4,440 $ 4,416 Other information: Operating cash flows from operating leases $ (1,302) $ (1,515) $ (2,692) $ (3,021) Weighted-average remaining lease term - operating leases 10.98 years 11.42 years 10.98 years 11.42 years Weighted-average discount rate - operating leases 3.96 % 3.94 % 3.96 % 3.94 % The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter: (dollars in thousands) Undiscounted Cash Flows Lease Liability Discount on Cash Flows Lease Liability Year Ending December 31, 2023 (remainder) $ 2,433 $ 656 $ 1,777 2024 4,467 1,210 3,257 2025 4,180 1,085 3,095 2026 4,118 965 3,153 2027 4,108 840 3,268 2028 3,509 723 2,786 Thereafter 19,683 2,908 16,775 Total $ 42,498 $ 8,387 $ 34,111 In addition, the Company, as lessor, leases certain properties that it owns. All of these leases are operating leases. The following table presents lease income related to these leases that was recognized for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Total rental income recognized $ 563 $ 378 $ 1,125 $ 1,329 Based on the Company's leases as lessor as of June 30, 2023, estimated lease payments for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 675 2024 1,188 2025 1,073 2026 939 2027 899 2028 532 Thereafter 1,839 Total $ 7,145
LEASES	13. OPERATING LEASES We lease certain land and buildings for our bank branches and ATMs. In some instances, a lease may contain renewal options to extend the term of the lease. Renewal options that are likely to be exercised have been recognized as part of our right-of-use assets and lease liabilities in accordance with ASC 842, "Leases" . Certain leases also contain variable payments that are primarily determined based on common area maintenance costs and Hawaii state tax rates. All leases are operating leases and we do not include any short term leases in the calculation of the right-of-use assets and lease liabilities. The most significant assumption related to the Company’s application of ASC 842 was the discount rate assumption. As most of the Company’s lease agreements do not provide for an implicit interest rate, the Company uses the collateralized interest rate that the Company would have to pay to borrow over a similar term to estimate the Company’s lease liability. Total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate is summarized below for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Lease cost: Operating lease cost $ 1,327 $ 1,386 $ 2,652 $ 2,776 Variable lease cost 934 834 1,822 1,664 Less: Sublease income (17) (12) (34) (24) Total lease cost $ 2,244 $ 2,208 $ 4,440 $ 4,416 Other information: Operating cash flows from operating leases $ (1,302) $ (1,515) $ (2,692) $ (3,021) Weighted-average remaining lease term - operating leases 10.98 years 11.42 years 10.98 years 11.42 years Weighted-average discount rate - operating leases 3.96 % 3.94 % 3.96 % 3.94 % The following is a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter: (dollars in thousands) Undiscounted Cash Flows Lease Liability Discount on Cash Flows Lease Liability Year Ending December 31, 2023 (remainder) $ 2,433 $ 656 $ 1,777 2024 4,467 1,210 3,257 2025 4,180 1,085 3,095 2026 4,118 965 3,153 2027 4,108 840 3,268 2028 3,509 723 2,786 Thereafter 19,683 2,908 16,775 Total $ 42,498 $ 8,387 $ 34,111 In addition, the Company, as lessor, leases certain properties that it owns. All of these leases are operating leases. The following table presents lease income related to these leases that was recognized for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Total rental income recognized $ 563 $ 378 $ 1,125 $ 1,329 Based on the Company's leases as lessor as of June 30, 2023, estimated lease payments for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 675 2024 1,188 2025 1,073 2026 939 2027 899 2028 532 Thereafter 1,839 Total $ 7,145

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	14. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables present the components of other comprehensive income (loss) for the three and six months ended June 30, 2023 and 2022: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2023 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (8,204) $ (2,179) $ (6,025) Less: Amortization of unrealized losses on investment securities transferred to HTM 1,976 525 1,451 Net change in fair value of investment securities (6,228) (1,654) (4,574) Net change in fair value of derivatives: Net unrealized gains arising during the period 2,777 737 2,040 Net change in fair value of derivatives 2,777 737 2,040 SERPs: Amortization of net actuarial loss (20) (5) (15) Amortization of net transition obligation 2 — 2 SERPs (18) (5) (13) Other comprehensive loss $ (3,469) $ (922) $ (2,547) (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2022 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (61,628) $ (16,478) $ (45,150) Less: Amortization of unrealized losses on investment securities transferred to HTM 1,976 528 1,448 Net change in fair value of investment securities (59,652) (15,950) (43,702) Net change in fair value of derivatives: Net unrealized gains arising during the period $ 2,930 $ 783 $ 2,147 Net change in fair value of derivatives 2,930 783 2,147 Defined benefit retirement plan and SERPs: Amortization of net actuarial loss 131 35 96 Amortization of net transition obligation 5 1 4 Defined benefit retirement plan and SERPs 4,068 1,598 2,470 Other comprehensive loss $ (52,654) $ (13,569) $ (39,085) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2023 Net change in fair value of investment securities: Net unrealized gains on AFS investment securities arising during the period $ 7,054 $ 1,873 $ 5,181 Less: Amortization of unrealized losses on investment securities transferred to HTM 3,644 968 2,676 Net change in fair value of investment securities 10,698 2,841 7,857 Net change in fair value of derivatives: Net unrealized gains arising during the period 1,178 301 877 Net change in fair value of derivatives 1,178 301 877 Defined benefit retirement plan and SERPs: Amortization of net actuarial loss (39) (10) (29) Amortization of net transition obligation 4 — 4 Defined benefit retirement plan and SERPs (35) (10) (25) Other comprehensive income $ 11,841 $ 3,132 $ 8,709 (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2022 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (170,076) $ (45,476) $ (124,600) Less: Amortization of unrealized losses on investment securities transferred to HTM 1,976 528 1,448 Net change in fair value of investment securities (168,100) (44,948) (123,152) Net change in fair value of derivatives: Net unrealized gains arising during the period $ 2,880 $ 770 $ 2,110 Net change in fair value of derivatives 2,880 770 2,110 Defined benefit retirement plan and SERPs: Net actuarial losses arising during the period (952) (255) (697) Amortization of net actuarial loss 264 71 193 Amortization of net transition obligation 9 2 7 Settlement 4,884 1,817 3,067 Defined benefit retirement plan and SERPs 4,205 1,635 2,570 Other comprehensive loss $ (161,015) $ (42,543) $ (118,472) The following tables present the changes in each component of accumulated other comprehensive income (loss), net of tax ("AOCI"), for the three and six months ended June 30, 2023 and 2022: (dollars in thousands) Investment Securities Derivatives SERPs [1] AOCI Three Months Ended June 30, 2023 Balance at beginning of period $ (136,678) $ 3,482 $ 468 $ (132,728) Other comprehensive income (loss) before reclassifications (6,025) 2,040 — (3,985) Reclassification adjustments from AOCI 1,451 — (13) 1,438 Total other comprehensive income (loss) (4,574) 2,040 (13) (2,547) Balance at end of period $ (141,252) $ 5,522 $ 455 $ (135,275) (dollars in thousands) Investment Securities Derivatives Defined Benefit Retirement Plan and SERPs [1] AOCI Three Months Ended June 30, 2022 Balance at beginning of period $ (83,116) $ (37) $ (4,194) $ (87,347) Other comprehensive income (loss) before reclassifications (45,150) 2,147 (697) (43,700) Reclassification adjustments from AOCI 1,448 — 3,167 4,615 Total other comprehensive income (loss) (43,702) 2,147 2,470 (39,085) Balance at end of period $ (126,818) $ 2,110 $ (1,724) $ (126,432) [1] During the second quarter of 2022, the Company settled all obligations related to its defined benefit retirement plan. As a result, the AOCI balance in the defined benefit retirement plan and SERPs column subsequent to June 30, 2022 relates entirely to the SERPs. (dollars in thousands) Investment Securities Derivatives SERPs [1] AOCI Six Months Ended June 30, 2023 Balance at beginning of period $ (149,109) $ 4,645 $ 480 $ (143,984) Other comprehensive income before reclassifications 5,181 877 — 6,058 Reclassification adjustments from AOCI 2,676 — (25) 2,651 Total other comprehensive income (loss) 7,857 877 (25) 8,709 Balance at end of period $ (141,252) $ 5,522 $ 455 $ (135,275) (dollars in thousands) Investment Securities Derivatives Defined Benefit Retirement Plan and SERPs [1] AOCI Six Months Ended June 30, 2022 Balance at beginning of period $ (3,666) $ — $ (4,294) $ (7,960) Other comprehensive income (loss) before reclassifications (124,600) 2,110 (697) (123,187) Reclassification adjustments from AOCI 1,448 — 3,267 4,715 Total other comprehensive income (loss) (123,152) 2,110 2,570 (118,472) Balance at end of period $ (126,818) $ 2,110 $ (1,724) $ (126,432) [1] During the second quarter of 2022, the Company settled all obligations related to its defined benefit retirement plan. As a result, the AOCI balance in the defined benefit retirement plan and SERPs column subsequent to June 30, 2022 relates entirely to the SERPs. The following tables present the amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2023 and 2022: Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Three Months Ended June 30, Details about AOCI Components 2023 2022 Amortization of unrealized losses on investment securities transferred to held-to-maturity: Amortization $ (1,976) $ (1,976) Interest and dividends on investment securities Tax effect 525 528 Income tax expense Net of tax $ (1,451) $ (1,448) Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial gain (loss) $ 20 $ (131) Other operating expense - other Amortization of net transition obligation (2) (5) Other operating expense - other Total before tax 18 (5,020) Tax effect (5) 1,853 Income tax benefit (expense) Net of tax $ 13 $ (3,167) Total reclassification adjustments from AOCI for the period, net of tax $ (1,438) $ (4,615) Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Six Months Ended June 30, Details about AOCI Components 2023 2022 Amortization of unrealized losses on investment securities transferred to held-to-maturity: Amortization $ (3,644) $ (1,976) Interest and dividends on investment securities Tax effect 968 528 Income tax expense Net of tax $ (2,676) $ (1,448) Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial loss $ 39 $ (264) Other operating expense - other Amortization of net transition obligation (4) (9) Other operating expense - other Settlement — (4,884) Other operating expense - other Total before tax 35 (5,157) Tax effect (10) 1,890 Income tax benefit (expense) Net of tax $ 25 $ (3,267) Total reclassification adjustments from AOCI for the period, net of tax $ (2,651) $ (4,715)

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	15. EARNINGS PER SHARE The following table presents the information used to compute basic and diluted earnings per share for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands, except per share data) 2023 2022 2023 2022 Net income $ 14,475 $ 17,594 $ 30,662 $ 37,032 Weighted average common shares outstanding - basic 27,024,043 27,516,284 27,011,659 27,553,629 Dilutive effect of employee stock options and awards 47,435 160,335 78,599 205,558 Weighted average common shares outstanding - diluted 27,071,478 27,676,619 27,090,258 27,759,187 Basic earnings per share $ 0.54 $ 0.64 $ 1.14 $ 1.34 Diluted earnings per share $ 0.53 $ 0.64 $ 1.13 $ 1.33

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	16. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Disclosures about Fair Value of Financial Instruments Fair value estimates, methods and assumptions are set forth below for our financial instruments. Short-Term Financial Instruments The carrying values of short-term financial instruments are deemed to approximate fair values. Such instruments are considered readily convertible to cash and include cash and due from financial institutions, interest-bearing deposits in other financial institutions, accrued interest receivable, the majority of 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 int erest 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 June 30, 2023, the weighted average discount rate used in the valuation of loans was 7.76%. In accordance with ASU 2016-01, the fair value of loans are measured based on the notion of exit price. Loans Held for Sale The fair value of loans classified as held for sale are generally based upon quoted prices for similar assets in active markets, acceptance of firm offer letters with agreed upon purchase prices, discounted cash flow models that take into account market observable assumptions, or independent appraisals of the underlying collateral securing the loans. We report the fair values of Hawaii and U.S. Mainland construction and commercial real estate loans, if any, net of applicable selling costs on our consolidated balance sheets. Deposit Liabilities The fair values of deposits with no stated maturity, such as noninterest-bearing demand deposits and interest-bearing demand and savings accounts, for the purposes of this disclosure, are shown to equal the carrying amount which is the amount payable on demand. The fair value of time deposits is estimated by discounting future cash flows using rates currently offered for FHLB advances of similar remaining maturities. As of June 30, 2023, the weighted average discount rate used in the valuation of time deposits was 5.60% . 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 June 30, 2023, the weighted average discount rate used in the valuation of long-term debt was 7.04% . Derivatives The fair values of derivative financial instruments are based upon current market values, if available. If there are no relevant comparable values, 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 and financial instrument information. 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 cannot be determined with precision as they are subjective in nature and involve uncertainties and matters of significant judgment. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of future business and the value of assets and liabilities that are not considered financial instruments. For example, significant assets and liabilities that are not considered financial assets or liabilities include deferred tax assets, premises and equipment and intangible assets. Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant June 30, 2023 Financial assets: Cash and due from financial institutions $ 129,071 $ 129,071 $ 129,071 $ — $ — Interest-bearing deposits in other financial institutions 181,913 181,913 181,913 — — Investment securities 1,314,017 1,245,293 — 1,238,099 7,194 Loans held for sale 2,593 2,593 — 2,593 — Loans, net of ACL 5,456,834 5,016,464 — — 5,016,464 Accrued interest receivable 20,463 20,463 20,463 — — Financial liabilities: Deposits: Noninterest-bearing demand 2,009,387 2,009,387 2,009,387 — — Interest-bearing demand and savings and money market 3,544,630 3,544,630 3,544,630 — — Time 1,251,720 1,236,919 — — 1,236,919 Long-term debt 155,981 138,671 — — 138,671 Accrued interest payable (included in other liabilities) 11,402 11,402 11,402 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant June 30, 2023 Off-balance sheet financial instruments: Commitments to extend credit $ 1,336,864 $ — $ 1,298 $ — $ 1,298 $ — Standby letters of credit and financial guarantees written 4,454 — 67 — 67 — Derivatives: Forward sale commitments 2,616 15 15 — 15 — Risk participation agreements 36,431 — — — — — Back-to-back swap agreements: Assets 31,937 4,158 4,158 — — 4,158 Liabilities (31,937) (4,158) (4,158) — — (4,158) Interest rate swap agreements 115,545 7,105 7,105 — — 7,105 Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2022 Financial assets: Cash and due from financial institutions $ 97,150 $ 97,150 $ 97,150 $ — $ — Interest-bearing deposits in other financial institutions 14,894 14,894 14,894 — — Investment securities 1,336,677 1,268,574 — 1,261,306 7,268 Loans held for sale 1,105 1,105 — 1,105 — Loans, net of ACL 5,491,728 5,043,436 — — 5,043,436 Accrued interest receivable 20,345 20,345 20,345 — — Financial liabilities: Deposits: Noninterest-bearing demand 2,092,823 2,092,823 2,092,823 — — Interest-bearing demand and savings and money market 3,652,195 3,652,195 3,652,195 — — Time 991,205 975,086 — — 975,086 Long-term debt 105,859 93,729 — — 93,729 Accrued interest payable (included in other liabilities) 4,739 4,739 4,739 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2022 Off-balance sheet financial instruments: Commitments to extend credit $ 1,328,791 $ — $ 1,270 $ — $ 1,270 $ — Standby letters of credit and financial guarantees written 5,367 — 80 — 80 — Derivatives: Forward sale commitments 1,110 8 8 — 8 — Risk participation agreements 36,835 — — — — — Back-to-back swap agreements: Assets 32,335 4,611 4,611 — — 4,611 Liabilities (32,335) (4,611) (4,611) — — (4,611) Interest rate swap agreements 115,545 5,986 5,986 — — 5,986 Fair Value Measurements We group our financial assets and liabilities at fair value into three levels based on the markets in which the financial assets and liabilities are traded and the reliability of the assumptions used to determine fair value as follows: • Level 1 — Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities traded in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. • Level 2 — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. • Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of discounted cash flow models and similar techniques that requires the use of significant judgment or estimation. We base our fair values on the price that we would expect to receive if an asset were sold, or the price that we would expect to pay to transfer a liability in an orderly transaction between market participants at the measurement date. We also maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. We use fair value measurements to record adjustments to certain financial assets and liabilities and to determine fair value disclosures. Available-for-sale securities and derivatives are recorded at fair value on a recurring basis. Periodically, we may be required to record other financial assets at fair value on a nonrecurring basis such as loans held for sale, impaired loans, mortgage servicing rights, and other real estate owned. These nonrecurring fair value adjustments typically involve application of the lower of cost or fair value accounting or write-downs of individual assets. As discussed in Note 8 - Derivatives, during the first quarter of 2022, the Company entered into a forward starting interest rate swap, which was measured at fair value using Level 3 inputs. There were no other transfers of financial assets and liabilities into or out of Level 3 of the fair value hierarchy during the three and six months ended June 30, 2023. The following tables present the fair value of assets and liabilities measured on a recurring basis as of June 30, 2023 and December 31, 2022: Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant June 30, 2023 Available-for-sale securities: Debt securities: States and political subdivisions $ 135,172 $ — $ 128,692 $ 6,480 Corporate securities 30,720 — 30,720 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 22,647 — 22,647 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 406,127 — 406,127 — Residential - Non-government agencies 8,355 — 7,641 714 Commercial - U.S. Government-sponsored entities 44,985 — 44,985 — Commercial - Non-government agencies 16,065 — 16,065 — Total available-for-sale investment securities 664,071 — 656,877 7,194 Derivatives: Forward sale commitments 15 — 15 — Interest rate swap agreements 7,105 — — 7,105 Total derivatives 7,120 — 15 7,105 Total $ 671,191 $ — $ 656,892 $ 14,299 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant December 31, 2022 Available-for-sale securities: Debt securities: States and political subdivisions $ 135,752 $ — $ 129,168 $ 6,584 Corporate securities 30,211 — 30,211 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 25,715 — 25,715 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 423,803 — 423,803 — Residential - Non-government agencies 8,662 — 7,978 684 Commercial - U.S. Government-sponsored entities 46,144 — 46,144 — Commercial - Non-government agencies 1,507 — 1,507 — Total available-for-sale investment securities 671,794 — 664,526 7,268 Derivatives: Interest rate lock commitments 8 — 8 — Interest rate swap agreements 5,986 — — 5,986 Total derivatives 5,994 — 8 5,986 Total $ 677,788 $ — $ 664,534 $ 13,254 The following table presents the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the six months ended June 30, 2023 and 2022: Available-For-Sale Debt Securities: (dollars in thousands) States and Political Subdivisions Residential - Non-Government Agencies Interest Rate Swap Agreements Total Balance at December 31, 2022 $ 6,584 $ 684 $ 5,986 $ 13,254 Principal payments received (114) (11) — (125) Unrealized net gain included in other comprehensive income 1,129 41 1,119 1,170 Balance at June 30, 2023 $ 7,599 $ 714 $ 7,105 $ 14,299 Balance at December 31, 2021 $ 7,681 $ 938 $ — $ 8,619 Principal payments received (88) (11) — (99) Unrealized net loss included in other comprehensive income (595) (145) 2,774 2,034 Additions — — (50) (50) Balance at June 30, 2022 $ 6,998 $ 782 $ 2,724 $ 10,504 Within the states and political subdivisions available-for-sale debt securities category, the Company held two mortgage revenue bonds issued by the City & County of Honolulu had an aggregate fair value of $7.6 million at June 30, 2023 and remained relatively unchanged from $6.6 million at December 31, 2022. Within the other MBS non-agency category, the Company held two mortgage backed bonds issued by Habitat for Humanity with an aggregate fair value of $0.7 million at June 30, 2023 and also remained relatively unchanged from $0.7 million at December 31, 2022. The Company estimates the aggregate fair value of $14.3 million and $13.3 million as of June 30, 2023 and December 31, 2022 , respectively, 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 City & County of Honolulu mortgage revenue bonds and Habitat for Humanity mortgage backed bonds is the weighted-average discount rate. As of June 30, 2023, the weighted average discount rate utilized wa s 6.15%, compared to 6.41% at December 31, 2022, 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. As discussed in Note 8 - Derivatives, during the first quarter of 2022, the Company entered into a forward starting interest rate swap, which was measured at fair value using Level 3 inputs. The significant unobservable input used in the fair value measurement of the Company's forward starting interest rate swap is the weighted-average discount rate. As of June 30, 2023, the weighted average discount rate utilized wa s 3.51%, compared to 3.31% at December 31, 2022. There were no assets measured on a nonrecurring basis as of June 30, 2023 and December 31, 2022.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	6 Months Ended
	Jun. 30, 2023
Legal Proceedings [Abstract]
LEGAL PROCEEDINGS	17. LEGAL PROCEEDINGSWe are involved in legal proceedings that arise in the ordinary course of our business. The outcome of these matters and the timing of ultimate resolution is inherently difficult to predict. Based on information currently available to us, we do not expect that the ultimate costs to resolve these matters will have a material adverse effect on our financial condition or operations.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Total reclassification adjustments from AOCI for the period, net of tax	$ 14,475	$ 16,187	$ 17,594	$ 19,438	$ 30,662	$ 37,032

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2023 shares	Jun. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Ms. A. Catherine Ngo [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 1, 2023, Ms. A. Catherine Ngo, a director of the Company, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 40,000 shares of the Company’s common stock beginning August 1, 2023 until August 1, 2024.
Name	Ms. A. Catherine Ngo
Title	director of the Company
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 1, 2023
Arrangement Duration	1 year
Aggregate Available	40,000	40,000
Mr. Paul Yonamine [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 8, 2023, Mr. Paul Yonamine, a director of the Company, terminated a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) and originally adopted on February 24, 2023 for the sale of up to 25,896 shares of the Company’s common stock until August 30, 2023.
Name	Mr. Paul Yonamine
Title	a director of the Company
Rule 10b5-1 Arrangement Terminated	true
Termination Date	May 8, 2023
Arrangement Duration	73 days
Aggregate Available	25,896	25,896

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of Central Pacific Financial Corp. and Subsidiaries (herein referred to as the "Company," "we," "us," or "our") have been prepared in accordance with the U.S. generally accepted accounting principles ("GAAP") for interim financial information and instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These interim condensed consolidated financial statements and notes should be read in conjunction with the Company's consolidated financial statements and notes thereto filed on Form 10-K for the fiscal year ended December 31, 2022. In the opinion of management, all adjustments necessary for a fair presentation have been made and include all normal recurring adjustments. Interim results of operations are not necessarily indicative of results to be expected for the year.
Principles of Consolidation	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 Company concluded that the entity met the definition of a variable interest entity ("VIE") and Central Pacific Bank ("CPB", or the "Bank") was the primary beneficiary of the VIE. As a result, the investment met the consolidation requirements under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810, "Consolidation." Accordingly, the investment has been consolidated into our financial statements. In March 2022, Oahu HomeLoans, LLC was terminated. The Company has 50% ownership interests in three other mortgage loan origination and brokerage companies, which are accounted for using the equity method and included in investment in unconsolidated entities: Gentry HomeLoans, LLC, Haseko HomeLoans, LLC and Island Pacific HomeLoans, LLC. The Company has low income housing tax credit partnership investments that are accounted for under the proportional amortization method and included in investment in unconsolidated entities. During the first quarter of 2022, the Company invested $2.0 million in Swell Financial, Inc. ("Swell"), a fintech company, which included $1.5 million in other intangible assets and services provided in exchange for Swell non-voting common stock and $0.5 million in cash in exchange for Swell preferred stock. The Company does not have the ability to exercise significant influence over Swell and the investment does not have a readily determinable fair value. As a result, the Company determined that the cost method of accounting for the investment was appropriate. The investment is included in investments in unconsolidated entities. Swell did not have a material impact to the Company's financial statements during the six months ended June 30, 2023. Refer to Note 6 - Investments in Unconsolidated Entities for additional information and events that occurred related to Swell during the three and six months ended June 30, 2023. In 2021, the Company committed $2.0 million to 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 Company does not have the ability to exercise significant influence over the JAM FINTOP Banktech Fund, L.P. and the investment does not have a readily determinable fair value. As a result, the Company determined that the cost method for the investment was appropriate. The investment is included in investment in unconsolidated entities. The Company had $1.1 million and $1.3 million in unfunded commitments related to the investment as of June 30, 2023 and December 31, 2022, respectively. The Company also has other non-controlling equity investments in affiliates that are accounted for under the cost method and included in investment in unconsolidated entities. Investments in unconsolidated entities accounted for under the equity, proportional amortization and cost methods were $0.1 million, $39.5 million and $5.6 million, respectively, at June 30, 2023 and $0.1 million, $40.9 million and $5.6 million, respectively, at December 31, 2022. The Company's 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 inability of the investee to sustain an earnings capacity, which would justify the carrying amount of the investment. Impairment tests are performed 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.
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 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"). Transfers of investment securities from AFS to HTM are accounted for at fair value as of the date of the transfer. The difference between the fair value and par value at the date of transfer is considered a premium or discount and accounted for accordingly. Any unrealized gain or loss at the date of the transfer is reported in AOCI and amortized over the remaining life of the security as an adjustment of yield in a manner consistent with the amortization of any premium or discount, which will offset or mitigate the effect on interest income of the amortization of the premium or discount for that HTM security. 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 an identical or 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 which 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 (with no minimum credit rating), non-agency residential MBS (with a minimum credit rating of AAA) and non-agency commercial MBS (with a minimum credit rating of BBB- and meets the 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 (with a minimum credit rating of BBB), and corporate bonds (with a minimum credit rating of BBB-). Interest income on investment securities includes amortization of premiums and accretion of discounts. We amortize premiums and accrete discounts 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 June 30, 2023 and the Company did not reverse any accrued interest against interest income during the three and six months ended June 30, 2023. 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 it intends or is required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the investment security’s amortized cost basis is written down to fair value through net income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In conducting this assessment for debt securities in an unrealized loss position, management evaluates the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the investment security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in AOCI. Changes in the ACL are recorded as a provision for (or reversal of) credit losses. Losses are charged against the ACL when management believes the uncollectibility of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As of June 30, 2023, the decline in market values of our AFS debt securities was primarily attributable to changes in interest rates and volatility in the financial markets. We have no intent to sell securities in an unrealized loss position and it is unlikely we will be required to sell such securities before recovery of its amortized cost basis. Therefore, we did not record any ACL as a result of credit loss. 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 ACL for HTM Debt Securities Management measures expected credit losses on HTM debt securities on a collective basis by major security type. For pools of such securities with common risk characteristics, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources. Expected credit losses for these securities are estimated using a loss rate methodology, which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Expected credit loss on each security in the HTM portfolio that do not share common risk characteristics with any of the pools of debt securities is individually measured based on net realizable value or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate and the recorded amortized cost basis of the security. Securities in the HTM portfolio are issued by or contain collateral issued by U.S. government sponsored enterprises ("GSEs") and carry implicit guarantees from the U.S. government. Due to the implicit guarantee and the long history of no credit losses, no allowance for credit losses was recorded for these securities. Accrued interest on HTM debt securities is reported in accrued interest receivable Accrued interest receivable on HTM debt securities totaled $1.2 million and $1.3 million as of June 30, 2023 and December 31, 2022, respectively. Federal Home Loan Bank Stock As 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 FHLB capital stock equal to the sum of a membership investment requirement and an activity-based investment requirement. The securities are reported at cost and presented separately in the consolidated balance sheets.
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 the yield, which is typically amortized using the interest method over the contractual term of the loan and 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 $16.1 million and $16.0 million at June 30, 2023 and December 31, 2022, respectively, and is reported together with accrued interest receivable on HTM and AFS debt securities “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. 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”) Prior to the Adoption of ASU 2022-02 The Company adopted ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures", using the prospective transition method. Thus, the Company will continue to account for existing TDRs under the TDR accounting guidance and all new loan modifications will be accounted for under the new loan modification accounting model as described in Note 2 - Recent Accounting Pronouncements. Prior to the adoption of ASU 2022-02 on January 1, 2023, the Company accounted for and reported a loan as a TDR when two conditions were met: 1) the borrower was experiencing financial difficulty and 2) the Company granted 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 resulted in only an insignificant delay in payment was not considered a concession. A delay may have been considered insignificant if 1) the payments subject to the delay were insignificant relative to the unpaid principal or collateral value and the contractual amount due or 2) the delay in timing of the restructured payment period was insignificant relative to the frequency of payments, the debt’s original contractual maturity or original expected duration. TDRs that were performing and on accrual status as of the date of the modification remained on accrual status. TDRs that were nonperforming as of the date of modification generally remained as nonaccrual until the prospect of future payments in accordance with the modified loan agreement was reasonably assured and generally demonstrated when the borrower maintained compliance with the restructured terms for a predetermined period of at least six months. TDRs with temporary below-market concessions remained designated as a TDR regardless of the accrual or performance status until the loan was paid off.
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 during 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 will be incurred and the Company can make a reasonable estimate of the loss. In these instances, the likelihood and/or time frame of recovery for 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 adjustments 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, or other internal and external factors. The Company uses the Moody’s Analytics Baseline forecast service for its economic forecast assumption. The Moody’s Analytics Baseline forecast includes both National and Hawaii specific economic indicators. The Moody’s Analytics forecast service is widely used in the industry as it is reasonable and supportable. It is updated at least monthly with 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 accounts for 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 the most appropriate risk ratings or bands of payment delinquency (including TDR or non-accrual status) 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 that 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 consumer 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. Commercial, financial and agricultural loans Commercial, financial and agricultural loans 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. Although our underwriting policy and practice generally requires secondary sources of support or collateral to mitigate risk, the borrower’s business is typically regarded as the principal source of repayment. Paycheck Protection Program (“PPP”) loans are also in this category and are considered lower risk as they are guaranteed by the Small Business Administration (“SBA”) and may be forgivable in whole or in part in accordance with the requirements of the PPP. Home equity lines of credit Home equity lines of credit include fixed or floating interest rate loans and are primarily secured by single family owner-occupied primary residences in Hawaii. They are underwritten based on a minimum FICO score, maximum debt-to-income ratio, and maximum combined loan-to-value ratio. Home equity lines of credit are monitored based on credit score, delinquency, end of draw period and maturity. Residential mortgage loans Residential mortgage loans include fixed-rate and adjustable-rate loans secured by single family owner-occupied primary residences in Hawaii. Economic conditions such as unemployment levels, future changes in interest rates, Hawaii home prices and other market factors impact the level of credit risk inherent in the portfolio. Consumer loans - other revolving This segment consists of consumer unsecured lines of credit. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Consumer loans - non-revolving This segment consists of consumer non-revolving (term) loans, including auto dealer loans. Its predominant risk characteristics relate to current and projected economic conditions as well as employment and income levels attributed to the borrower. Purchased consumer portfolios Credit risk for purchased consumer loans is managed on a pooled basis. The predominant risk characteristics of purchased consumer loans include current and projected economic conditions, employment and income levels, and the quality of purchased consumer loans. Below is a description of the methodologies mentioned above: Probability of Default/Loss Given Default ("PD/LGD") The PD/LGD calculation is based on a cohort methodology whereby loans in the same cohort are tracked over time to identify defaults and corresponding losses. PD/LGD analysis requires a portfolio segmented into pools, and we elected to then further sub-segment by risk characteristics suc h as Risk Rating, loans modified for borrowers experiencing financial difficulty, TDRs prior to the adoption of ASU 2022-02 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'. Loss-Rate Migration Loss-rate 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. Loss-rate migration analysis requires the portfolio to be segmented into pools then further sub-segmented by risk characteristics such as days past due, delinquency counters, loans modified for borrowers experiencing financial difficulty, TDRs prior to the adoption of ASU 2022-02 and nonaccrual status to measure loss rates accurately. The key inputs to run a loss-rate 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 monitored 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 of the loan. The methodology considers historical loss experience and 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 the discounted cash flow (“DCF”) method. Individually evaluated loans are not included in the collective evaluation. Determining the Term Expected credit losses are estimated over the contractual term of the loans and are adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: 1) management has a reasonable expectation at the reporting date that a modification will be executed with an individual borrower or 2) the extension or renewal options are included in the original or modified contract at the reporting date and not unconditionally cancellable by the Company. If such renewal options or extensions are present, these options are evaluated in determining the contractual term.
Reserve for Off-Balance Sheet Credit Exposures	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 (excluding commitments identified as unconditionally cancellable) 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 reserve for off-balance sheet credit exposures 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. Changes in the reserve for off-balance sheet credit exposures is recorded as a provision for credit losses on off-balance sheet credit exposures, which is included in the provision for credit losses on the Company's statement of income.
Accounting Standards Adopted in 2023 and Impact of Other Recently Issued Accounting Pronouncements on Future Filings	Accounting Standards Adopted in 2023 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. ASU 2020-04 and 2021-01 are elective and can be adopted between March 12, 2020 and December 31, 2022. In December 2022, the FASB issued ASU 2022-06, "Deferral of the Sunset Date of Topic 848" , which extends the temporary relief provision period and allows companies to defer the adoption to December 31, 2024. The Company adopted ASU 2020-04 in June 2023 and elected optional expedients above for applicable contract modifications. We currently do not have any hedge accounting for hedging relationships that meet the stated criteria. The adoption did not have an impact on the consolidated financial statements. In March 2022, the FASB issued ASU 2022-01, "Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method", which clarifies the guidance on fair value hedge accounting of interest rate risk portfolios of financial assets. ASU 2022-01 updates guidance in Topic 815, to expand the scope of the current last-of-layer method to allow multiple hedged layers to be designated for a single closed portfolio of financial assets or one or more beneficial interests secured by a portfolio of financial instruments on a prospective basis. Additionally, ASU 2022-01 clarifies that basis adjustments related to existing portfolio layer hedge relationships should not be considered when measuring credit losses on the financial assets included in the closed portfolio. Further, ASU 2022-01 clarifies that any reversal of fair value hedge basis adjustments associated with an actual breach should be recognized in interest income immediately. ASU 2022-01 was effective for fiscal years beginning after December 15, 2022, with early adoption permitted. The Company adopted ASU 2022-01 effective January 1, 2023 and it did not have an impact on our consolidated financial statements as we currently do not use the last-of-layer hedge accounting method. In March 2022, the FASB issued ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures" . ASU 2022-02 updates guidance in Topic 326 to eliminate the TDR accounting guidance by creditors in Subtopic 310-40, "Receivables—Troubled Debt Restructurings by Creditors" , while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Instead of applying the recognition and measurement guidance for TDRs, an entity would apply the loan refinancing and restructuring guidance to determine whether a modification or other form of restructuring results in a new loan or a continuation of an existing loan. Additionally, the amendments in ASU 2022-02 require that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases in the existing vintage disclosures within the scope of Subtopic 326-20, "Financial Instruments—Credit Losses—Measured at Amortized Cost" . ASU 2022-02 was effective for fiscal years beginning after December 15, 2022, with early adoption permitted. ASU 2022-02 requires prospective transition for disclosures related to loan restructurings for borrowers experiencing financial difficulty and the presentation of current-period gross write-offs by year of origination while removing the presentation of current-period recoveries and net write-off from the vintage disclosure for charge-offs. The guidance related to the recognition and measurement of existing TDRs and new loan modifications or restructurings may be adopted on a prospective or modified retrospective transition method. The Company adopted ASU 2022-02 effective January 1, 2023 using the prospective transition method. As of our adoption date, loan modifications or restructurings for borrowers experiencing financial difficulty are evaluated to determine whether they result in a new loan or a continuation of an existing loan. Loan restructurings for borrowers experiencing financial difficulty are generally accounted for as a continuation of the existing loan as the terms of the restructured loans are typically not at market rates. At adoption of this guidance on January 1, 2023, there was no material impact on our financial statements. When a loan is restructured under ASU 2022-02, we continue to measure impairment on the loan using the discounted cash flow method that utilizes a prepayment-adjusted discount rate based on the loan’s restructured terms. Under the TDR accounting model, we used the discount rate that was in effect prior to the restructuring to measure impairment. Using the interest rate that was in effect prior to the restructuring resulted in the recognition, in the allowance for credit losses, of the economic concession that we granted to borrowers as part of the loan restructuring. Using a post-restructuring interest rate does not result in the recognition of an economic concession in the allowance for credit losses. As we have elected a prospective transition, the economic concession on a loan that was previously restructured and accounted for as a TDR will continue to be measured in our allowance for credit losses using the discount rate that was in effect prior to the restructuring and the economic concession may increase or decrease as we update our cash flow assumptions related to the expected life of the loan. Further, the component of the allowance for credit losses representing economic concessions will decrease as the borrower makes payments in accordance with the restructured terms of the mortgage loan and as the loan is sold, liquidated, or subsequently restructured. We adopted the disclosure guidance related to the presentation of gross write-offs by year of origination in our vintage disclosures on January 1, 2023. Impact of Other Recently Issued Accounting Pronouncements on Future Filings In June 2022, the FASB issued ASU 2022-03, "Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions" . ASU 2022-03, (1) clarifies the guidance in Topic 820 when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, (2) amends a related illustrative example, and (3) introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years, with early adoption permitted. The Company is in the process of evaluating the impact of this pronouncement on the consolidated financial statements.
Revenue Recognition	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. The Company also generates 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 the Company's 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, and letters of credit. 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)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financing Receivable Portfolio Segments	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 consumer portfolios (Dealer, Other consumer) Weighted-Average Remaining Maturity ("WARM") 2008-Present

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of available for sale and held to maturity investment securities	The amortized cost, fair value and related ACL, and corresponding gross unrecognized gains and losses on HTM debt securities at June 30, 2023 and December 31, 2022 are as follows: Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) June 30, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ 41,898 $ — $ (5,262) $ 36,636 $ — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 608,048 — (63,462) 544,586 — Total held-to-maturity securities $ 649,946 $ — $ (68,724) $ 581,222 $ — Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) December 31, 2022 Held-to-maturity: Debt securities: States and political subdivisions $ 41,840 $ — $ (4,727) $ 37,113 $ — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 623,043 — (63,376) 559,667 — Total held-to-maturity securities $ 664,883 $ — $ (68,103) $ 596,780 $ — The amortized cost, fair value and related ACL, and corresponding gross unrealized gains and losses on AFS debt securities at June 30, 2023 and December 31, 2022 are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) June 30, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 167,314 $ 4 $ (32,146) $ 135,172 $ — Corporate securities 35,968 — (5,248) 30,720 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 24,933 9 (2,295) 22,647 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 479,165 — (73,038) 406,127 — Residential - Non-government agencies 9,512 — (1,157) 8,355 — Commercial - U.S. Government-sponsored entities 53,142 — (8,157) 44,985 — Commercial - Non-government agencies 16,559 — (494) 16,065 — Total available-for-sale securities $ 786,593 $ 13 $ (122,535) $ 664,071 $ — Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) December 31, 2022 Available-for-sale: Debt securities: States and political subdivisions $ 172,427 $ 6 $ (36,681) $ 135,752 $ — Corporate securities 36,206 — (5,995) 30,211 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 28,032 — (2,317) 25,715 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 498,989 — (75,186) 423,803 — Residential - Non-government agencies 9,829 — (1,167) 8,662 — Commercial - U.S. Government-sponsored entities 54,346 — (8,202) 46,144 — Commercial - Non-government agencies 1,541 — (34) 1,507 — Total available-for-sale securities $ 801,370 $ 6 $ (129,582) $ 671,794 $ —
Schedule of amortized cost and estimated fair value of investment securities by contractual maturity	The amortized cost, estimated fair value and weighted average yield of our HTM and AFS debt securities at June 30, 2023, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. (dollars in thousands) Amortized Cost Fair Value Weighted Average Yield (1) Held-to-maturity: Debt securities: Due in one year or less $ — $ — — % Due after one year through five years — — — Due after five years through ten years — — — Due after ten years 41,898 36,636 2.26 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 608,048 544,586 1.92 Total held-to-maturity securities $ 649,946 $ 581,222 1.94 % Available-for-sale: Debt securities: Due in one year or less $ 5,000 $ 4,986 3.03 % Due after one year through five years 23,629 22,594 3.67 Due after five years through ten years 68,204 60,466 2.67 Due after ten years 131,382 100,493 2.52 Mortgage-backed securities: Residential - U.S. Government-sponsored entities 479,165 406,127 2.02 Residential - Non-government agencies 9,512 8,355 3.32 Commercial - U.S. Government-sponsored entities 53,142 44,985 2.35 Commercial - Non-government agencies 16,559 16,065 5.06 Total available-for-sale securities $ 786,593 $ 664,071 2.33 % (1) Weighted-average yields are computed on an annual basis, and yields on tax-exempt obligations are computed on a taxable-equivalent basis using a federal statutory tax rate of 21%
Schedule of investment securities in an unrealized loss position	The following tables summarize HTM investment securities, which were in an unrecognized loss position at June 30, 2023 and December 31, 2022, aggregated by major security type and length of time in a continuous unrecognized loss position. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrecognized Losses Fair Value Unrecognized Losses Fair Value Unrecognized Losses June 30, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ — $ — $ 36,636 $ (5,262) $ 36,636 $ (5,262) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 63,078 (3,725) 481,508 (59,737) 544,586 (63,462) Total temporarily impaired securities $ 63,078 $ (3,725) $ 518,144 $ (64,999) $ 581,222 $ (68,724) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrecognized Losses Fair Value Unrecognized Losses Fair Value Unrecognized Losses December 31, 2022 Held-to-maturity: Debt securities: States and political subdivisions $ 37,113 $ (4,727) $ — $ — $ 37,113 $ (4,727) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 559,667 (63,376) — — 559,667 (63,376) Total temporarily impaired securities $ 596,780 $ (68,103) $ — $ — $ 596,780 $ (68,103) There were a total of 245 AFS investment securities which were in an unrealized loss position, without an ACL, at June 30, 2023 and 243 at December 31, 2022. Th e following tables summarize AFS investment securities, which were in an unrealized loss position at June 30, 2023 and December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 15,254 $ (187) $ 116,009 $ (31,959) $ 131,263 $ (32,146) Corporate securities — — 30,720 (5,248) 30,720 (5,248) U.S. Treasury obligations and direct obligations of U.S Government agencies 3,911 (83) 16,354 (2,212) 20,265 (2,295) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 9,227 (440) 396,900 (72,598) 406,127 (73,038) Residential - Non-government agencies 2,747 (336) 5,608 (821) 8,355 (1,157) Commercial - U.S. Government-sponsored entities — — 44,985 (8,157) 44,985 (8,157) Commercial - Non-government agencies 14,660 (359) 1,404 (135) 16,064 (494) Total temporarily impaired securities $ 45,799 $ (1,405) $ 611,980 $ (121,130) $ 657,779 $ (122,535) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 Available-for-sale: Debt securities: States and political subdivisions $ 52,244 $ (4,807) $ 78,389 $ (31,874) $ 130,633 $ (36,681) Corporate securities — — 30,211 (5,995) 30,211 (5,995) U.S. Treasury obligations and direct obligations of U.S Government agencies 9,651 (245) 15,541 (2,072) 25,192 (2,317) Mortgage-backed securities: Residential - U.S. Government-sponsored entities 149,624 (13,990) 274,179 (61,196) 423,803 (75,186) Residential - Non-government agencies 2,890 (334) 5,772 (833) 8,662 (1,167) Commercial - U.S. Government-sponsored entities 25,034 (1,724) 21,110 (6,478) 46,144 (8,202) Commercial - Non-government agencies 1,506 (34) — — 1,506 (34) Total temporarily impaired securities $ 240,949 $ (21,134) $ 425,202 $ (108,448) $ 666,151 $ (129,582)

LOANS AND CREDIT QUALITY (Table

LOANS AND CREDIT QUALITY (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Schedule of loans and leases, excluding loans held for sale	The following table presents loans by class, excluding loans held for sale, net of ACL as of June 30, 2023 and December 31, 2022: (dollars in thousands) June 30, 2023 December 31, 2022 Commercial, financial and agricultural: SBA PPP $ 1,615 $ 2,654 Other 543,775 544,495 Real estate: Construction 201,426 167,366 Residential mortgage 1,942,272 1,940,456 Home equity 748,704 737,386 Commercial mortgage 1,369,329 1,364,998 Consumer 713,630 798,957 Gross loans 5,520,751 5,556,312 Net deferred fees and costs (68) (846) Total loans, net of deferred fees and costs 5,520,683 5,555,466 Allowance for credit losses (63,849) (63,738) Total loans, net of allowance for credit losses $ 5,456,834 $ 5,491,728
Financing Receivable, Purchased With Credit Deterioration	The following tables present loans purchased by class during the periods presented: Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 (dollars in thousands) U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Purchases: Outstanding balance $ 152 $ — $ 152 $ 56,624 $ 30,866 $ 87,490 (Discount) premium — — — (3,043) 1,543 (1,500) Purchase price $ 152 $ — $ 152 $ 53,581 $ 32,409 $ 85,990 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Purchases: Outstanding balance $ 3,932 $ 15,159 $ 19,091 $ 104,766 $ 64,890 $ 169,656 (Discount) premium — 568 568 (7,410) 3,457 (3,953) Purchase price $ 3,932 $ 15,727 $ 19,659 $ 97,356 $ 68,347 $ 165,703
Schedule of aging of the recorded investment in past due loans and leases, by class	The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL under ASC 326 as of June 30, 2023 and December 31, 2022. (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual June 30, 2023 Commercial, financial and agricultural: SBA PPP $ 5 $ — $ — $ — $ 5 $ 1,560 $ 1,565 $ — Other 454 98 — 319 871 542,722 543,593 — Real estate: Construction — — — 4,851 4,851 195,968 200,819 4,851 Residential mortgage — 2,941 959 4,385 8,285 1,934,621 1,942,906 4,385 Home equity 1,623 178 133 797 2,731 748,029 750,760 797 Commercial mortgage — — — 77 77 1,367,485 1,367,562 77 Consumer 4,124 1,546 2,207 632 8,509 704,969 713,478 — Total $ 6,206 $ 4,763 $ 3,299 $ 11,061 $ 25,329 $ 5,495,354 $ 5,520,683 $ 10,110 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual December 31, 2022 Commercial, financial and agricultural: SBA PPP $ 471 $ 37 $ 13 $ — $ 521 $ 2,034 $ 2,555 $ — Other 546 131 26 297 1,000 542,947 543,947 — Real estate: Construction — — — — — 166,723 166,723 — Residential mortgage 303 — 559 3,808 4,670 1,936,329 1,940,999 3,808 Home equity 1,540 — — 570 2,110 737,270 739,380 570 Commercial mortgage 160 — — — 160 1,362,915 1,363,075 — Consumer 5,173 1,921 1,240 576 8,910 789,877 798,787 — Total $ 8,193 $ 2,089 $ 1,838 $ 5,251 $ 17,371 $ 5,538,095 $ 5,555,466 $ 4,378
Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and leases based on the impairment measurement methods, by class	The following tables present 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 June 30, 2023 and December 31, 2022: (dollars in thousands) Secured by Secured by Secured by Total Allocated June 30, 2023 Real estate: Construction $ — $ 4,851 $ — $ 4,851 $ — Residential mortgage 5,832 — — 5,832 — Home equity 797 — — 797 — Commercial mortgage — 77 — 77 — Total $ 6,629 $ 4,928 $ — $ 11,557 $ — (dollars in thousands) Secured by Secured by Secured by Total Allocated December 31, 2022 Real estate: Residential mortgage $ 5,653 $ — $ — $ 5,653 $ — Home equity 570 — — 570 — Total $ 6,223 $ — $ — $ 6,223 $ —
Schedule of recorded investment in loans and leases, by class and credit indicator	The following tables present the amortized cost basis of the Company's loans by class, credit quality indicator and origination year as of June 30, 2023 and December 31, 2022. Revolving loans converted to term as of and during the three and six months ended June 30, 2023 and 2022 were not material to the total loan portfolio. In addition, the following table includes gross charge-offs of loans by origination year in the six months ended June 30, 2023. (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans June 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ — $ — $ 1,558 $ 7 $ — $ — $ — $ 1,565 Subtotal — — 1,558 7 — — — 1,565 Commercial, financial and agricultural - Other: Risk Rating Pass 28,074 88,909 96,370 36,582 45,644 164,349 71,833 531,761 Special Mention — 1,025 933 389 763 1 — 3,111 Substandard — 194 364 740 213 7,115 95 8,721 Subtotal 28,074 90,128 97,667 37,711 46,620 171,465 71,928 543,593 Construction: Risk Rating Pass 3,392 54,815 71,645 17,343 2,339 31,491 13,854 194,879 Substandard — — 5,260 — 680 — — 5,940 Subtotal 3,392 54,815 76,905 17,343 3,019 31,491 13,854 200,819 Residential mortgage: Risk Rating Pass 56,266 273,298 626,257 424,951 148,026 407,541 — 1,936,339 Special Mention — — — — — 288 — 288 Substandard — 1,077 — 935 822 3,445 — 6,279 Subtotal 56,266 274,375 626,257 425,886 148,848 411,274 — 1,942,906 Home equity: Risk Rating Pass 6,159 33,821 22,328 9,767 6,632 17,969 653,154 749,830 Substandard — — — — 73 857 — 930 Subtotal 6,159 33,821 22,328 9,767 6,705 18,826 653,154 750,760 Commercial mortgage: Risk Rating Pass 30,227 237,434 204,823 117,919 113,677 608,900 8,356 1,321,336 Special Mention — — — — 10,950 11,690 — 22,640 Substandard — — 11,627 — 1,677 10,282 — 23,586 Subtotal 30,227 237,434 216,450 117,919 126,304 630,872 8,356 1,367,562 Consumer: Risk Rating Pass 39,595 317,273 194,537 46,587 38,114 18,684 55,851 710,641 Substandard 4 103 148 161 163 1,161 3 1,743 Loss — — — — — 1,094 — 1,094 Subtotal 39,599 317,376 194,685 46,748 38,277 20,939 55,854 713,478 Total $ 163,717 $ 1,007,949 $ 1,235,850 $ 655,381 $ 369,773 $ 1,284,867 $ 803,146 $ 5,520,683 (dollars in thousands) Gross Charge-Offs by Year of Origination Amortized Cost of Revolving Loans Six Months Ended June 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial, financial and agricultural: Other $ — $ 212 $ 88 $ — $ 207 $ 634 $ — $ 1,141 Consumer — 2,745 2,730 345 409 330 — 6,559 Year-to-date gross charge-offs $ — $ 2,957 $ 2,818 $ 345 $ 616 $ 964 $ — $ 7,700 (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans December 31, 2022 2022 2021 2020 2019 2018 Prior Total Commercial, financial and agricultural - SBA PPP: Risk Rating Pass $ — $ 2,546 $ 9 $ — $ — $ — $ — $ 2,555 Subtotal — 2,546 9 — — — — 2,555 Commercial, financial and agricultural - Other: Risk Rating Pass 77,550 101,595 41,358 53,241 39,106 141,950 76,466 531,266 Special Mention 2,206 350 172 1,011 29 — 99 3,867 Substandard 188 176 833 256 116 7,215 30 8,814 Subtotal 79,944 102,121 42,363 54,508 39,251 149,165 76,595 543,947 Construction: Risk Rating Pass 25,663 61,027 23,384 2,387 14,309 18,048 15,044 159,862 Special Mention — 417 — — 898 — — 1,315 Substandard — 4,850 — 696 — — — 5,546 Subtotal 25,663 66,294 23,384 3,083 15,207 18,048 15,044 166,723 Residential mortgage: Risk Rating Pass 279,146 636,756 434,928 154,906 58,431 371,517 — 1,935,684 Substandard — — 948 — 503 3,864 — 5,315 Subtotal 279,146 636,756 435,876 154,906 58,934 375,381 — 1,940,999 Home equity: Risk Rating Pass 34,973 23,772 10,520 7,463 6,880 11,727 643,277 738,612 Special Mention — — — — — — 198 198 Substandard — — — — 78 453 39 570 Subtotal 34,973 23,772 10,520 7,463 6,958 12,180 643,514 739,380 Commercial mortgage: Risk Rating Pass 226,137 208,230 119,531 129,950 145,932 472,267 11,473 1,313,520 Special Mention — — — 11,388 — 16,082 — 27,470 Substandard — 10,149 — 1,700 2,133 8,103 — 22,085 Consumer: Risk Rating Pass 358,609 242,942 59,352 50,899 20,065 10,958 54,038 796,863 Special Mention — — — 113 — — — 113 Substandard 1 261 91 126 42 790 — 1,311 Loss — — — — — 500 — 500 Subtotal 358,610 243,203 59,443 51,138 20,107 12,248 54,038 798,787 Total $ 1,004,473 $ 1,293,071 $ 691,126 $ 414,136 $ 288,522 $ 1,063,474 $ 800,664 $ 5,555,466

ALLOWANCE FOR CREDIT LOSSES A_2

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Tables)	6 Months Ended
	Jun. 30, 2023
ALLOWANCE FOR LOAN AND LEASE LOSSES
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 three months ended June 30, 2023 and 2022: (dollars in thousands) Commercial, Financial and Agricultural Real Estate Three Months Ended June 30, 2023 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 1 $ 7,130 $ 3,087 $ 11,813 $ 4,037 $ 17,472 $ 19,559 $ 63,099 Provision (credit) for credit losses on loans — 52 567 413 (87) (107) 3,297 4,135 Subtotal 1 7,182 3,654 12,226 3,950 17,365 22,856 67,234 Charge-offs — 362 — — — — 3,873 4,235 Recoveries — 125 — 7 15 — 703 850 Net charge-offs (recoveries) — 237 — (7) (15) — 3,170 3,385 Ending balance $ 1 $ 6,945 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849 (dollars in thousands) Commercial, Financial and Agricultural Real Estate Three Months Ended June 30, 2022 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 36 $ 9,562 $ 3,836 $ 11,043 $ 4,641 $ 16,055 $ 19,581 $ 64,754 Provision (credit) for credit losses on loans (21) (1,565) (833) 1,688 (596) 1,803 980 1,456 Subtotal 15 7,997 3,003 12,731 4,045 17,858 20,561 66,210 Charge-offs — 487 — — — — 1,390 1,877 Recoveries — 215 62 36 — — 565 878 Net charge-offs (recoveries) — 272 (62) (36) — — 825 999 Ending balance $ 15 $ 7,725 $ 3,065 $ 12,767 $ 4,045 $ 17,858 $ 19,736 $ 65,211 (dollars in thousands) Commercial, Financial and Agricultural Real Estate Six Months Ended June 30, 2023 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 2 $ 6,822 $ 2,867 $ 11,804 $ 4,114 $ 17,902 $ 20,227 $ 63,738 Provision (credit) for credit losses on loans (1) 889 787 369 (164) (537) 4,407 5,750 Subtotal 1 7,711 3,654 12,173 3,950 17,365 24,634 69,488 Charge-offs — 1,141 — — — — 6,559 7,700 Recoveries — 375 — 60 15 — 1,611 2,061 Net charge-offs (recoveries) — 766 — (60) (15) — 4,948 5,639 Ending balance $ 1 $ 6,945 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849 (dollars in thousands) Commercial, Financial and Agricultural Real Estate Six Months Ended June 30, 2022 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 77 $ 10,314 $ 3,908 $ 12,463 $ 4,509 $ 18,411 $ 18,415 $ 68,097 Provision (credit) for credit losses on loans (62) (2,413) (905) 156 (464) (553) 2,766 (1,475) Subtotal 15 7,901 3,003 12,619 4,045 17,858 21,181 66,622 Charge-offs — 741 — — — — 2,606 3,347 Recoveries — 565 62 148 — — 1,161 1,936 Net charge-offs (recoveries) — 176 (62) (148) — — 1,445 1,411 Ending balance $ 15 $ 7,725 $ 3,065 $ 12,767 $ 4,045 $ 17,858 $ 19,736 $ 65,211
Schedule of Credit Losses Related to Impaired Financing Receivables	The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, during the three and six months ended June 30, 2023 and 2022. Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 3,480 $ 4,540 $ 3,243 $ 4,804 Provision (credit) for off-balance sheet credit exposures 184 (467) 421 (731) Ending balance $ 3,664 $ 4,073 $ 3,664 $ 4,073

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	6 Months Ended
	Jun. 30, 2023
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Schedule of investment in unconsolidated subsidiaries	The components of the Company's investments in unconsolidated entities were as follows: (dollars in thousands) June 30, 2023 December 31, 2022 Investments in low income housing tax credit partnerships, net of amortization $ 39,511 $ 40,939 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 115 110 Other 4,045 4,045 Total $ 45,218 $ 46,641 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the three and six months ended June 30, 2023 and June 30, 2022: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Proportional amortization method: Amortization expense recognized in income tax expense $ 714 $ 607 $ 1,428 $ 1,214 Tax credits recognized in income tax expense 892 709 1,784 1,418
Other Commitments	The expected payments for the unfunded commitments of LIHTC and other partnerships as of June 30, 2023 for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, LIHTC Other Total 2023 (remainder) $ 9,693 $ 1,063 $ 10,756 2024 9,280 — 9,280 2025 4,248 — 4,248 2026 26 — 26 2027 26 — 26 2028 20 — 20 Thereafter 313 — 313 Total unfunded commitments $ 23,606 $ 1,063 $ 24,669

MORTGAGE SERVICING RIGHTS (Tabl

MORTGAGE SERVICING RIGHTS (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of gross carrying value and accumulated amortization related to intangible assets	The following table presents changes in mortgage servicing rights for the periods presented: (dollars in thousands) Balance at December 31, 2022 $ 9,074 Additions 125 Amortization (356) Balance at June 30, 2023 $ 8,843 Balance at December 31, 2021 $ 9,738 Additions 494 Amortization (863) Balance at June 30, 2022 $ 9,369 The carrying values and accumulated amortization related to our mortgage servicing rights are presented below: June 30, 2023 December 31, 2022 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 69,538 $ (60,695) $ 8,843 $ 69,413 $ (60,339) $ 9,074
Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights	The following tables present the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights: (dollars in thousands) June 30, 2023 June 30, 2022 Fair market value, beginning of year $ 12,061 $ 10,504 Fair market value, end of period 12,585 12,047 Weighted average discount rate 9.5 % 9.5 % Weighted average prepayment speed assumption 10.4 % 7.5 %
Schedule of estimated amortization expense	Based on the mortgage servicing rights held as of June 30, 2023, estimated amortization expense for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 374 2024 807 2025 736 2026 670 2027 607 2028 540 Thereafter 5,109 Total $ 8,843

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of the location of all assets and liabilities associated with derivative instruments within the consolidated balance sheets	The following tables present the location of all assets and liabilities associated with our derivative instruments within the consolidated balance sheets: Derivative Financial Instruments Not Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location June 30, December 31, June 30, December 31, Interest rate lock and forward sale commitments Other assets / other liabilities $ 16 $ 10 $ 1 $ 2 Back-to-back swap agreements Other assets / other liabilities 4,158 4,611 4,158 4,611 Derivative Financial Instruments Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location June 30, December 31, June 30, December 31, Interest rate swap Other assets / other liabilities $ 7,105 $ 5,986 $ — $ —
Schedule of the impact of derivative instruments and their location within the consolidated statements of income	The following tables present the impact of derivative instruments and their location within the consolidated statements of income for the periods indicated: Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended June 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income $ 16 Loans held for sale Other income (4) Back-to-back swap agreements Other service charges and fees 35 Three Months Ended June 30, 2022 Interest rate lock and forward sale commitments Mortgage banking income (143) Loans held for sale Other income 62 Risk participation agreements Other service charges and fees — Six Months Ended June 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income 8 Loans held for sale Other income (1) Back-to-back swap agreements Other service charges and fees 35 Six Months Ended June 30, 2022 Interest rate lock and forward sale commitments Mortgage banking income — Loans held for sale Other income (1) Risk participation agreements Other service charges and fees 16 Derivative Financial Instruments Location of Loss Amount of Loss (dollars in thousands) Three Months Ended June 30, 2023 Interest rate swap Interest income $ (116) Three Months Ended June 30, 2022 Interest rate swap Interest income — Six Months Ended June 30, 2023 Interest rate swap Interest income (59) Six Months Ended June 30, 2022 Interest rate swap Interest income (157)

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Subordinated Borrowing	The Company had the following junior subordinated debentures outstanding, which are recorded in long-term debt on the Company's consolidated balance sheets at June 30, 2023 and December 31, 2022: (dollars in thousands) Name of Trust June 30, 2023 Interest Rate December 31, 2022 Interest Rate Trust IV $ 30,928 Three-month LIBOR + 2.45% $ 30,928 Three-month LIBOR + 2.45% Trust V 20,619 Three-month LIBOR + 1.87% 20,619 Three-month LIBOR + 1.87% Total $ 51,547 $ 51,547
Schedule of Long-term Debt Instruments	The Company had the following subordinated notes outstanding at June 30, 2023 and December 31, 2022: (dollars in thousands) Description June 30, 2023 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 plus 456 basis points. (dollars in thousands) Description December 31, 2022 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 plus 456 basis points.

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Other operating income segregated by revenue streams	The following table presents the Company's other operating income, segregated by revenue streams that are in-scope and out-of-scope of ASC 606, "Revenue from Contracts with Customers" for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Other operating income: In-scope of ASC 606 Mortgage banking income $ 174 $ 500 $ 325 $ 735 Service charges on deposit accounts 2,137 2,026 4,248 3,887 Other service charges and fees 4,402 4,089 8,781 7,952 Income on fiduciary activities 1,068 1,188 2,389 2,342 In-scope other operating income 7,781 7,803 15,743 14,916 Out-of-scope other operating income 2,654 9,335 5,701 11,773 Total other operating income $ 10,435 $ 17,138 $ 21,444 $ 26,689

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of activity of restricted stock awards and units	The following table presents the activity of RSUs and PSUs for the six months ended June 30, 2023: (dollars in thousands, except per share data) Shares Weighted Average Grant Date Fair Value Fair Value of RSUs and PSUs That Vested During the Period Non-vested RSUs and PSUs, beginning of period 352,465 $ 23.40 Changes during the period: Granted 114,524 22.83 Forfeited (48,430) 24.82 Vested (185,244) 20.81 $ 3,844 Non-vested RSUs and PSUs, end of period 233,315 24.88

PENSION AND SUPPLEMENTAL EXEC_2

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Tables)	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The following table presents the components of net periodic benefit cost for the SERPs for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Interest cost $ 112 $ 75 $ 224 $ 150 Amortization of net actuarial (gain) loss (19) 21 (38) 42 Amortization of net transition obligation 2 4 4 8 Net periodic benefit cost $ 95 $ 100 $ 190 $ 200 The following table presents the components of net periodic benefit cost for the defined benefit retirement plan for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Interest cost $ — $ 212 $ — $ 212 Expected return on plan assets — (195) — (207) Amortization of net actuarial loss — 112 — 224 Settlement — 4,884 — 4,884 Net periodic benefit cost $ — $ 5,013 $ — $ 5,113

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
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: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Lease cost: Operating lease cost $ 1,327 $ 1,386 $ 2,652 $ 2,776 Variable lease cost 934 834 1,822 1,664 Less: Sublease income (17) (12) (34) (24) Total lease cost $ 2,244 $ 2,208 $ 4,440 $ 4,416 Other information: Operating cash flows from operating leases $ (1,302) $ (1,515) $ (2,692) $ (3,021) Weighted-average remaining lease term - operating leases 10.98 years 11.42 years 10.98 years 11.42 years Weighted-average discount rate - operating leases 3.96 % 3.94 % 3.96 % 3.94 %
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 remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter: (dollars in thousands) Undiscounted Cash Flows Lease Liability Discount on Cash Flows Lease Liability Year Ending December 31, 2023 (remainder) $ 2,433 $ 656 $ 1,777 2024 4,467 1,210 3,257 2025 4,180 1,085 3,095 2026 4,118 965 3,153 2027 4,108 840 3,268 2028 3,509 723 2,786 Thereafter 19,683 2,908 16,775 Total $ 42,498 $ 8,387 $ 34,111
Operating Lease, Lease Income	The following table presents lease income related to these leases that was recognized for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Total rental income recognized $ 563 $ 378 $ 1,125 $ 1,329
Lessor, Operating Lease, Payments to be Received, Maturity	Based on the Company's leases as lessor as of June 30, 2023, estimated lease payments for the remainder of fiscal year 2023, the next five succeeding fiscal years and all years thereafter are as follows: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 675 2024 1,188 2025 1,073 2026 939 2027 899 2028 532 Thereafter 1,839 Total $ 7,145

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of components of other comprehensive income (loss)	The following tables present the components of other comprehensive income (loss) for the three and six months ended June 30, 2023 and 2022: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2023 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (8,204) $ (2,179) $ (6,025) Less: Amortization of unrealized losses on investment securities transferred to HTM 1,976 525 1,451 Net change in fair value of investment securities (6,228) (1,654) (4,574) Net change in fair value of derivatives: Net unrealized gains arising during the period 2,777 737 2,040 Net change in fair value of derivatives 2,777 737 2,040 SERPs: Amortization of net actuarial loss (20) (5) (15) Amortization of net transition obligation 2 — 2 SERPs (18) (5) (13) Other comprehensive loss $ (3,469) $ (922) $ (2,547) (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2022 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (61,628) $ (16,478) $ (45,150) Less: Amortization of unrealized losses on investment securities transferred to HTM 1,976 528 1,448 Net change in fair value of investment securities (59,652) (15,950) (43,702) Net change in fair value of derivatives: Net unrealized gains arising during the period $ 2,930 $ 783 $ 2,147 Net change in fair value of derivatives 2,930 783 2,147 Defined benefit retirement plan and SERPs: Amortization of net actuarial loss 131 35 96 Amortization of net transition obligation 5 1 4 Defined benefit retirement plan and SERPs 4,068 1,598 2,470 Other comprehensive loss $ (52,654) $ (13,569) $ (39,085) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2023 Net change in fair value of investment securities: Net unrealized gains on AFS investment securities arising during the period $ 7,054 $ 1,873 $ 5,181 Less: Amortization of unrealized losses on investment securities transferred to HTM 3,644 968 2,676 Net change in fair value of investment securities 10,698 2,841 7,857 Net change in fair value of derivatives: Net unrealized gains arising during the period 1,178 301 877 Net change in fair value of derivatives 1,178 301 877 Defined benefit retirement plan and SERPs: Amortization of net actuarial loss (39) (10) (29) Amortization of net transition obligation 4 — 4 Defined benefit retirement plan and SERPs (35) (10) (25) Other comprehensive income $ 11,841 $ 3,132 $ 8,709 (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2022 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (170,076) $ (45,476) $ (124,600) Less: Amortization of unrealized losses on investment securities transferred to HTM 1,976 528 1,448 Net change in fair value of investment securities (168,100) (44,948) (123,152) Net change in fair value of derivatives: Net unrealized gains arising during the period $ 2,880 $ 770 $ 2,110 Net change in fair value of derivatives 2,880 770 2,110 Defined benefit retirement plan and SERPs: Net actuarial losses arising during the period (952) (255) (697) Amortization of net actuarial loss 264 71 193 Amortization of net transition obligation 9 2 7 Settlement 4,884 1,817 3,067 Defined benefit retirement plan and SERPs 4,205 1,635 2,570 Other comprehensive loss $ (161,015) $ (42,543) $ (118,472)
Schedule of changes in each component of AOCI, net of tax	The following tables present the changes in each component of accumulated other comprehensive income (loss), net of tax ("AOCI"), for the three and six months ended June 30, 2023 and 2022: (dollars in thousands) Investment Securities Derivatives SERPs [1] AOCI Three Months Ended June 30, 2023 Balance at beginning of period $ (136,678) $ 3,482 $ 468 $ (132,728) Other comprehensive income (loss) before reclassifications (6,025) 2,040 — (3,985) Reclassification adjustments from AOCI 1,451 — (13) 1,438 Total other comprehensive income (loss) (4,574) 2,040 (13) (2,547) Balance at end of period $ (141,252) $ 5,522 $ 455 $ (135,275) (dollars in thousands) Investment Securities Derivatives Defined Benefit Retirement Plan and SERPs [1] AOCI Three Months Ended June 30, 2022 Balance at beginning of period $ (83,116) $ (37) $ (4,194) $ (87,347) Other comprehensive income (loss) before reclassifications (45,150) 2,147 (697) (43,700) Reclassification adjustments from AOCI 1,448 — 3,167 4,615 Total other comprehensive income (loss) (43,702) 2,147 2,470 (39,085) Balance at end of period $ (126,818) $ 2,110 $ (1,724) $ (126,432) [1] During the second quarter of 2022, the Company settled all obligations related to its defined benefit retirement plan. As a result, the AOCI balance in the defined benefit retirement plan and SERPs column subsequent to June 30, 2022 relates entirely to the SERPs. (dollars in thousands) Investment Securities Derivatives SERPs [1] AOCI Six Months Ended June 30, 2023 Balance at beginning of period $ (149,109) $ 4,645 $ 480 $ (143,984) Other comprehensive income before reclassifications 5,181 877 — 6,058 Reclassification adjustments from AOCI 2,676 — (25) 2,651 Total other comprehensive income (loss) 7,857 877 (25) 8,709 Balance at end of period $ (141,252) $ 5,522 $ 455 $ (135,275) (dollars in thousands) Investment Securities Derivatives Defined Benefit Retirement Plan and SERPs [1] AOCI Six Months Ended June 30, 2022 Balance at beginning of period $ (3,666) $ — $ (4,294) $ (7,960) Other comprehensive income (loss) before reclassifications (124,600) 2,110 (697) (123,187) Reclassification adjustments from AOCI 1,448 — 3,267 4,715 Total other comprehensive income (loss) (123,152) 2,110 2,570 (118,472) Balance at end of period $ (126,818) $ 2,110 $ (1,724) $ (126,432) [1] During the second quarter of 2022, the Company settled all obligations related to its defined benefit retirement plan. As a result, the AOCI balance in the defined benefit retirement plan and SERPs column subsequent to June 30, 2022 relates entirely to the SERPs.
Schedule of amounts reclassified out of each component of AOCI	The following tables present the amounts reclassified out of each component of AOCI for the three and six months ended June 30, 2023 and 2022: Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Three Months Ended June 30, Details about AOCI Components 2023 2022 Amortization of unrealized losses on investment securities transferred to held-to-maturity: Amortization $ (1,976) $ (1,976) Interest and dividends on investment securities Tax effect 525 528 Income tax expense Net of tax $ (1,451) $ (1,448) Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial gain (loss) $ 20 $ (131) Other operating expense - other Amortization of net transition obligation (2) (5) Other operating expense - other Total before tax 18 (5,020) Tax effect (5) 1,853 Income tax benefit (expense) Net of tax $ 13 $ (3,167) Total reclassification adjustments from AOCI for the period, net of tax $ (1,438) $ (4,615) Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Six Months Ended June 30, Details about AOCI Components 2023 2022 Amortization of unrealized losses on investment securities transferred to held-to-maturity: Amortization $ (3,644) $ (1,976) Interest and dividends on investment securities Tax effect 968 528 Income tax expense Net of tax $ (2,676) $ (1,448) Defined benefit retirement and supplemental executive retirement plan items: Amortization of net actuarial loss $ 39 $ (264) Other operating expense - other Amortization of net transition obligation (4) (9) Other operating expense - other Settlement — (4,884) Other operating expense - other Total before tax 35 (5,157) Tax effect (10) 1,890 Income tax benefit (expense) Net of tax $ 25 $ (3,267) Total reclassification adjustments from AOCI for the period, net of tax $ (2,651) $ (4,715)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of information used to compute basic and diluted earnings per share	The following table presents the information used to compute basic and diluted earnings per share for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands, except per share data) 2023 2022 2023 2022 Net income $ 14,475 $ 17,594 $ 30,662 $ 37,032 Weighted average common shares outstanding - basic 27,024,043 27,516,284 27,011,659 27,553,629 Dilutive effect of employee stock options and awards 47,435 160,335 78,599 205,558 Weighted average common shares outstanding - diluted 27,071,478 27,676,619 27,090,258 27,759,187 Basic earnings per share $ 0.54 $ 0.64 $ 1.14 $ 1.34 Diluted earnings per share $ 0.53 $ 0.64 $ 1.13 $ 1.33

FAIR VALUE OF FINANCIAL ASSET_2

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2023
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 June 30, 2023 Financial assets: Cash and due from financial institutions $ 129,071 $ 129,071 $ 129,071 $ — $ — Interest-bearing deposits in other financial institutions 181,913 181,913 181,913 — — Investment securities 1,314,017 1,245,293 — 1,238,099 7,194 Loans held for sale 2,593 2,593 — 2,593 — Loans, net of ACL 5,456,834 5,016,464 — — 5,016,464 Accrued interest receivable 20,463 20,463 20,463 — — Financial liabilities: Deposits: Noninterest-bearing demand 2,009,387 2,009,387 2,009,387 — — Interest-bearing demand and savings and money market 3,544,630 3,544,630 3,544,630 — — Time 1,251,720 1,236,919 — — 1,236,919 Long-term debt 155,981 138,671 — — 138,671 Accrued interest payable (included in other liabilities) 11,402 11,402 11,402 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant June 30, 2023 Off-balance sheet financial instruments: Commitments to extend credit $ 1,336,864 $ — $ 1,298 $ — $ 1,298 $ — Standby letters of credit and financial guarantees written 4,454 — 67 — 67 — Derivatives: Forward sale commitments 2,616 15 15 — 15 — Risk participation agreements 36,431 — — — — — Back-to-back swap agreements: Assets 31,937 4,158 4,158 — — 4,158 Liabilities (31,937) (4,158) (4,158) — — (4,158) Interest rate swap agreements 115,545 7,105 7,105 — — 7,105 Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2022 Financial assets: Cash and due from financial institutions $ 97,150 $ 97,150 $ 97,150 $ — $ — Interest-bearing deposits in other financial institutions 14,894 14,894 14,894 — — Investment securities 1,336,677 1,268,574 — 1,261,306 7,268 Loans held for sale 1,105 1,105 — 1,105 — Loans, net of ACL 5,491,728 5,043,436 — — 5,043,436 Accrued interest receivable 20,345 20,345 20,345 — — Financial liabilities: Deposits: Noninterest-bearing demand 2,092,823 2,092,823 2,092,823 — — Interest-bearing demand and savings and money market 3,652,195 3,652,195 3,652,195 — — Time 991,205 975,086 — — 975,086 Long-term debt 105,859 93,729 — — 93,729 Accrued interest payable (included in other liabilities) 4,739 4,739 4,739 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2022 Off-balance sheet financial instruments: Commitments to extend credit $ 1,328,791 $ — $ 1,270 $ — $ 1,270 $ — Standby letters of credit and financial guarantees written 5,367 — 80 — 80 — Derivatives: Forward sale commitments 1,110 8 8 — 8 — Risk participation agreements 36,835 — — — — — Back-to-back swap agreements: Assets 32,335 4,611 4,611 — — 4,611 Liabilities (32,335) (4,611) (4,611) — — (4,611) Interest rate swap agreements 115,545 5,986 5,986 — — 5,986
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the fair value of assets and liabilities measured on a recurring basis as of June 30, 2023 and December 31, 2022: Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant June 30, 2023 Available-for-sale securities: Debt securities: States and political subdivisions $ 135,172 $ — $ 128,692 $ 6,480 Corporate securities 30,720 — 30,720 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 22,647 — 22,647 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 406,127 — 406,127 — Residential - Non-government agencies 8,355 — 7,641 714 Commercial - U.S. Government-sponsored entities 44,985 — 44,985 — Commercial - Non-government agencies 16,065 — 16,065 — Total available-for-sale investment securities 664,071 — 656,877 7,194 Derivatives: Forward sale commitments 15 — 15 — Interest rate swap agreements 7,105 — — 7,105 Total derivatives 7,120 — 15 7,105 Total $ 671,191 $ — $ 656,892 $ 14,299 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant December 31, 2022 Available-for-sale securities: Debt securities: States and political subdivisions $ 135,752 $ — $ 129,168 $ 6,584 Corporate securities 30,211 — 30,211 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 25,715 — 25,715 — Mortgage-backed securities: Residential - U.S. Government-sponsored entities 423,803 — 423,803 — Residential - Non-government agencies 8,662 — 7,978 684 Commercial - U.S. Government-sponsored entities 46,144 — 46,144 — Commercial - Non-government agencies 1,507 — 1,507 — Total available-for-sale investment securities 671,794 — 664,526 7,268 Derivatives: Interest rate lock commitments 8 — 8 — Interest rate swap agreements 5,986 — — 5,986 Total derivatives 5,994 — 8 5,986 Total $ 677,788 $ — $ 664,534 $ 13,254
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 for the six months ended June 30, 2023 and 2022: Available-For-Sale Debt Securities: (dollars in thousands) States and Political Subdivisions Residential - Non-Government Agencies Interest Rate Swap Agreements Total Balance at December 31, 2022 $ 6,584 $ 684 $ 5,986 $ 13,254 Principal payments received (114) (11) — (125) Unrealized net gain included in other comprehensive income 1,129 41 1,119 1,170 Balance at June 30, 2023 $ 7,599 $ 714 $ 7,105 $ 14,299 Balance at December 31, 2021 $ 7,681 $ 938 $ — $ 8,619 Principal payments received (88) (11) — (99) Unrealized net loss included in other comprehensive income (595) (145) 2,774 2,034 Additions — — (50) (50) Balance at June 30, 2022 $ 6,998 $ 782 $ 2,724 $ 10,504

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Jan. 31, 2020
Accounting Policies [Line Items]
Number of operating segments | segment		1
Equity method investments		$ 100	$ 100
Total unfunded commitments		24,669
Proportional amortization investments		39,500	40,900
Cost method investment		$ 5,600	5,600
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Accrued interest receivable
Available for sale accrued interest receivable		$ 3,100	3,100
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Accrued interest receivable
Accrued interest receivable on HTM debt securities		$ 1,200	1,300
Financing receivable accrued interest receivable		$ 16,100	16,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Accrued interest receivable
Other
Accounting Policies [Line Items]
Total unfunded commitments		$ 1,063	$ 1,300
Oahu HomeLoans, LLC
Accounting Policies [Line Items]
Equity method investment, ownership percentage						50%
Haseko Home Loans L L C
Accounting Policies [Line Items]
Equity method investment, ownership percentage		50%
Gentry Home Loans L L C
Accounting Policies [Line Items]
Equity method investment, ownership percentage		50%
Island Pacific HomeLoans, LLC
Accounting Policies [Line Items]
Equity method investment, ownership percentage		50%
Swell Financial, Inc.
Accounting Policies [Line Items]
Equity method investments	$ 2,000
Other intangible assets and services provided in exchange for common stock	1,500
Cash in exchange for preferred stock	$ 500
JAM FINTOP Banktech Fund, L.P.
Accounting Policies [Line Items]
Equity method investments				$ 2,000	$ 2,000

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	May 31, 2022	Mar. 31, 2022
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	$ 649,946	$ 664,883
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(68,724)	(68,103)
Fair Value	581,222	596,780	$ 343,700	$ 329,500
ACL	0	0
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	786,593	801,370
Gross Unrealized Gains	13	6
Gross Unrealized Losses	(122,535)	(129,582)
Fair Value	664,071	671,794
ACL	0	0
States and political subdivisions
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	41,898	41,840
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(5,262)	(4,727)
Fair Value	36,636	37,113
ACL	0	0
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	167,314	172,427
Gross Unrealized Gains	4	6
Gross Unrealized Losses	(32,146)	(36,681)
Fair Value	135,172	135,752
ACL	0	0
Corporate securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	35,968	36,206
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5,248)	(5,995)
Fair Value	30,720	30,211
ACL	0	0
U.S. Treasury obligations and direct obligations of U.S. Government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	24,933	28,032
Gross Unrealized Gains	9	0
Gross Unrealized Losses	(2,295)	(2,317)
Fair Value	22,647	25,715
ACL	0	0
Residential - U.S. Government-sponsored entities
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	608,048	623,043
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(63,462)	(63,376)
Fair Value	544,586	559,667
ACL	0	0
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	479,165	498,989
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(73,038)	(75,186)
Fair Value	406,127	423,803
ACL	0	0
Residential - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	9,512	9,829
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,157)	(1,167)
Fair Value	8,355	8,662
ACL	0	0
Commercial - U.S. Government-sponsored entities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	53,142	54,346
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(8,157)	(8,202)
Fair Value	44,985	46,144
ACL	0	0
Commercial - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	16,559	1,541
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(494)	(34)
Fair Value	16,065	1,507
ACL	$ 0	$ 0

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended		15 Months Ended
	May 31, 2022 USD ($) investment	Mar. 31, 2022 USD ($) investment	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($) shares	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($) shares	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) security
EQUITY
Investment securities classified from available-for-sale to held-to-maturity | investment	40	41
Investment securities, amortized cost basis	$ 400,900	$ 361,800
Held to maturity debt securities, fair value	343,700	329,500	$ 581,222		$ 581,222			$ 596,780
Net unrealized loss from transfer of securities	$ 57,200	$ 32,300
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value					3,644	$ 1,976
Fair Value			$ 664,071		$ 664,071			$ 671,794
Number of HTM investment securities in an unrealized loss position | security			83		83			83
Number of AFS investment securities in an unrealized loss position | security			245		245			243
Net proceeds			$ 405,511		$ 405,511			$ 408,071
Proceeds from Sale and Maturity of Marketable Securities			0		0
Common Class B | Visa
EQUITY
Shares owned (in shares) | shares				34,631		34,631
Net proceeds				$ 8,500		$ 8,500
Collateralized Mortgage-Backed Securities | Asset Pledged as Collateral without Right
EQUITY
Fair Value			841,900		841,900			$ 607,700
Net unrealized gains on investment securities
EQUITY
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value			$ (1,976)	$ (1,976)	$ (3,644)	$ (1,976)	$ (9,900)

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	May 31, 2022	Mar. 31, 2022
Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	41,898
Amortized Cost	649,946	$ 664,883
Fair Value
Due in one year or less	0
Due after one year through five years	0
Due after five years through ten years	0
Due after ten years	36,636
Total held-to-maturity securities	$ 581,222	596,780	$ 343,700	$ 329,500
Weighted Average Yield
Due in one year or less (in percent)	0%
Due after one year through five years (in percent)	0%
Due after give years through ten years (in percent)	0%
Due after ten years (in percent)	2.26%
Total held-to-maturity securities	1.94%
Amortized Cost
Due in one year or less	$ 5,000
Due after one year through five years	23,629
Due after five years through ten years	68,204
Due after ten years	131,382
Amortized Cost	786,593	801,370
Fair Value
Due in one year or less	4,986
Due after one year through five years	22,594
Due after five years through ten years	60,466
Due after ten years	100,493
Fair Value	$ 664,071	671,794
Weighted Average Yield
Due in one year or less (in percent)	3.03%
Due after one year through five years (in percent)	3.67%
Due after five years through ten years (in percent)	2.67%
Due after ten years (in percent)	2.52%
Weighted Average Yield	2.33%
Residential - U.S. Government-sponsored entities
Amortized Cost
Without single maturity date	$ 608,048
Amortized Cost	608,048	623,043
Fair Value
Without single maturity date	544,586
Total held-to-maturity securities	$ 544,586	559,667
Weighted Average Yield
Without single maturity date (in percent)	1.92%
Amortized Cost
Without single maturity date	$ 479,165
Amortized Cost	479,165	498,989
Fair Value
Without single maturity date	406,127
Fair Value	$ 406,127	423,803
Weighted Average Yield
Without single maturity date (in percent)	2.02%
Residential - Non-government agencies
Amortized Cost
Without single maturity date	$ 9,512
Amortized Cost	9,512	9,829
Fair Value
Without single maturity date	8,355
Fair Value	$ 8,355	8,662
Weighted Average Yield
Without single maturity date (in percent)	3.32%
Commercial - U.S. Government-sponsored entities
Amortized Cost
Without single maturity date	$ 53,142
Amortized Cost	53,142	54,346
Fair Value
Without single maturity date	44,985
Fair Value	$ 44,985	46,144
Weighted Average Yield
Without single maturity date (in percent)	2.35%
Commercial - Non-government agencies
Amortized Cost
Without single maturity date	$ 16,559
Amortized Cost	16,559	1,541
Fair Value
Without single maturity date	16,065
Fair Value	$ 16,065	$ 1,507
Weighted Average Yield
Without single maturity date (in percent)	5.06%

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Held-to-Maturity Securities [Line Items]
Less Than 12 Months, Fair Value	$ 63,078	$ 596,780
Less Than 12 Months, Unrecognized Losses	(3,725)	(68,103)
12 Month or Longer, Fair Value	518,144	0
12 Month or Longer, Unrecognized Losses	(64,999)	0
Total Fair Value	581,222	596,780
Total Unrecognized Losses	(68,724)	(68,103)
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	45,799	240,949
Less Than 12 Months, Unrecognized Losses	(1,405)	(21,134)
12 Month or Longer, Fair Value	611,980	425,202
12 Month or Longer, Unrecognized Losses	(121,130)	(108,448)
Total Fair Value	657,779	666,151
Total Unrecognized Losses	122,535	129,582
States and political subdivisions
Schedule of Held-to-Maturity Securities [Line Items]
Less Than 12 Months, Fair Value	0	37,113
Less Than 12 Months, Unrecognized Losses	0	(4,727)
12 Month or Longer, Fair Value	36,636	0
12 Month or Longer, Unrecognized Losses	(5,262)	0
Total Fair Value	36,636	37,113
Total Unrecognized Losses	(5,262)	(4,727)
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	15,254	52,244
Less Than 12 Months, Unrecognized Losses	(187)	(4,807)
12 Month or Longer, Fair Value	116,009	78,389
12 Month or Longer, Unrecognized Losses	(31,959)	(31,874)
Total Fair Value	131,263	130,633
Total Unrecognized Losses	32,146	36,681
Corporate securities
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	0	0
Less Than 12 Months, Unrecognized Losses	0	0
12 Month or Longer, Fair Value	30,720	30,211
12 Month or Longer, Unrecognized Losses	(5,248)	(5,995)
Total Fair Value	30,720	30,211
Total Unrecognized Losses	5,248	5,995
U.S. Treasury obligations and direct obligations of U.S. Government agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	3,911	9,651
Less Than 12 Months, Unrecognized Losses	(83)	(245)
12 Month or Longer, Fair Value	16,354	15,541
12 Month or Longer, Unrecognized Losses	(2,212)	(2,072)
Total Fair Value	20,265	25,192
Total Unrecognized Losses	2,295	2,317
Residential - U.S. Government-sponsored entities
Schedule of Held-to-Maturity Securities [Line Items]
Less Than 12 Months, Fair Value	63,078	559,667
Less Than 12 Months, Unrecognized Losses	(3,725)	(63,376)
12 Month or Longer, Fair Value	481,508	0
12 Month or Longer, Unrecognized Losses	(59,737)	0
Total Fair Value	544,586	559,667
Total Unrecognized Losses	(63,462)	(63,376)
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	9,227	149,624
Less Than 12 Months, Unrecognized Losses	(440)	(13,990)
12 Month or Longer, Fair Value	396,900	274,179
12 Month or Longer, Unrecognized Losses	(72,598)	(61,196)
Total Fair Value	406,127	423,803
Total Unrecognized Losses	73,038	75,186
Residential - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	2,747	2,890
Less Than 12 Months, Unrecognized Losses	(336)	(334)
12 Month or Longer, Fair Value	5,608	5,772
12 Month or Longer, Unrecognized Losses	(821)	(833)
Total Fair Value	8,355	8,662
Total Unrecognized Losses	1,157	1,167
Commercial - U.S. Government-sponsored entities
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	0	25,034
Less Than 12 Months, Unrecognized Losses	0	(1,724)
12 Month or Longer, Fair Value	44,985	21,110
12 Month or Longer, Unrecognized Losses	(8,157)	(6,478)
Total Fair Value	44,985	46,144
Total Unrecognized Losses	8,157	8,202
Commercial - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	14,660	1,506
Less Than 12 Months, Unrecognized Losses	(359)	(34)
12 Month or Longer, Fair Value	1,404	0
12 Month or Longer, Unrecognized Losses	(135)	0
Total Fair Value	16,064	1,506
Total Unrecognized Losses	$ 494	$ 34

LOANS AND CREDIT QUALITY (Loans

LOANS AND CREDIT QUALITY (Loans and Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
LOANS AND LEASES
Loans and leases, gross	$ 5,520,751	$ 5,556,312
Net deferred fees and costs	(68)	(846)
Total loans, net of deferred fees and costs	5,520,683	5,555,466
Allowance for credit losses	(63,849)	(63,738)
Loans, net of allowance for credit losses	5,456,834	5,491,728
Commercial, financial and agricultural: | SBA PPP
LOANS AND LEASES
Loans and leases, gross	1,615	2,654
Commercial, financial and agricultural: | Other
LOANS AND LEASES
Loans and leases, gross	543,775	544,495
Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross	201,426	167,366
Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross	748,704	737,386
Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross	1,942,272	1,940,456
Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross	1,369,329	1,364,998
Consumer | Consumer
LOANS AND LEASES
Loans and leases, gross	$ 713,630	$ 798,957

LOANS AND CREDIT QUALITY (Narra

LOANS AND CREDIT QUALITY (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) loan segment property	Jun. 30, 2022 USD ($) loan contract property	Jun. 30, 2023 USD ($) loan property segment	Jun. 30, 2022 USD ($) property loan contract	Dec. 31, 2022 USD ($)
Recorded investment in the loans and leases, by class and credit indicator
Net transfer of portfolio loans to loans held for sale	$ 0	$ 0	$ 0	$ 0
Loans sold originally held for investment | loan	0	0	0	0
Mortgage loans foreclosure, number | loan	0	0	0	0
Mortgage loans foreclosure, number sold | property	0	0	0	0
Number of TDRs included in nonperforming assets | segment			0
Number of loans were modified as a TDR within the previous twelve months that subsequently defaulted | loan	0	0	0	0
Nonperforming Financial Instruments
Recorded investment in the loans and leases, by class and credit indicator
Amount of TDRs still accruing interest	$ 2,300,000		$ 2,300,000		$ 2,800,000
HAWAII | Nonperforming Financial Instruments
Recorded investment in the loans and leases, by class and credit indicator
Number of TDRs included in nonperforming assets | loan			5
Recorded Investment (as of Period End)	1,000,000		$ 1,000,000
Real Estate | Residential Mortgage
Recorded investment in the loans and leases, by class and credit indicator
Loans in the process of foreclosure	$ 1,400,000		1,400,000		$ 2,400,000
Real Estate | Real estate, Mortgage - residential
Recorded investment in the loans and leases, by class and credit indicator
Number of TDRs included in nonperforming assets | segment	0
Number of loans modified | contract		0		0
Real Estate | Commercial Mortgage
Recorded investment in the loans and leases, by class and credit indicator
Loans in the process of foreclosure	$ 100,000		$ 100,000

LOANS AND CREDIT QUALITY (Purch

LOANS AND CREDIT QUALITY (Purchases) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	$ 152	$ 87,490	$ 19,091	$ 169,656
(Discount) premium	0	(1,500)	568	(3,953)
Purchase price	152	85,990	19,659	165,703
U.S. Mainland Consumer - Unsecured
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	152	56,624	3,932	104,766
(Discount) premium	0	(3,043)	0	(7,410)
Purchase price	152	53,581	3,932	97,356
U.S. Mainland Consumer - Automobile
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	0	30,866	15,159	64,890
(Discount) premium	0	1,543	568	3,457
Purchase price	$ 0	$ 32,409	$ 15,727	$ 68,347

LOANS AND CREDIT QUALITY (Aging

LOANS AND CREDIT QUALITY (Aging of Recorded Investment) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 5,520,683	$ 5,555,466
Nonaccrual Loans	11,061	5,251
Total Past Due and Nonaccrual	25,329	17,371
Nonaccrual Loans with No ACL	10,110	4,378
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	6,206	8,193
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	4,763	2,089
Accruing Loans Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	3,299	1,838
Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	5,495,354	5,538,095
Commercial, financial and agricultural: | SBA PPP
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,565	2,555
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	5	521
Nonaccrual Loans with No ACL	0	0
Commercial, financial and agricultural: | SBA PPP | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	5	471
Commercial, financial and agricultural: | SBA PPP | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	37
Commercial, financial and agricultural: | SBA PPP | Accruing Loans Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	13
Commercial, financial and agricultural: | SBA PPP | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,560	2,034
Commercial, financial and agricultural: | Other
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	543,593	543,947
Nonaccrual Loans	319	297
Total Past Due and Nonaccrual	871	1,000
Nonaccrual Loans with No ACL	0	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	454	546
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	98	131
Commercial, financial and agricultural: | Other | Accruing Loans Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	26
Commercial, financial and agricultural: | Other | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	542,722	542,947
Real Estate | Construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	200,819	166,723
Nonaccrual Loans	4,851	0
Total Past Due and Nonaccrual	4,851	0
Nonaccrual Loans with No ACL	4,851	0
Real Estate | Construction | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	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 Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real Estate | Construction | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	195,968	166,723
Real Estate | Real estate, Mortgage - residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,942,906	1,940,999
Nonaccrual Loans	4,385	3,808
Total Past Due and Nonaccrual	8,285	4,670
Nonaccrual Loans with No ACL	4,385	3,808
Real Estate | Real estate, Mortgage - residential | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	303
Real Estate | Real estate, Mortgage - residential | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,941	0
Real Estate | Real estate, Mortgage - residential | Accruing Loans Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	959	559
Real Estate | Real estate, Mortgage - residential | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,934,621	1,936,329
Real Estate | Home Equity
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	750,760	739,380
Nonaccrual Loans	797	570
Total Past Due and Nonaccrual	2,731	2,110
Nonaccrual Loans with No ACL	797	570
Real Estate | Home Equity | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,623	1,540
Real Estate | Home Equity | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	178	0
Real Estate | Home Equity | Accruing Loans Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	133	0
Real Estate | Home Equity | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	748,029	737,270
Real Estate | Commercial mortgage
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,367,562	1,363,075
Nonaccrual Loans	77	0
Total Past Due and Nonaccrual	77	160
Nonaccrual Loans with No ACL	77	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	160
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 Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real Estate | Commercial mortgage | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,367,485	1,362,915
Consumer | Consumer Loan
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	713,478	798,787
Nonaccrual Loans	632	576
Total Past Due and Nonaccrual	8,509	8,910
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	4,124	5,173
Consumer | Consumer Loan | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,546	1,921
Consumer | Consumer Loan | Accruing Loans Greater  Than 90 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,207	1,240
Consumer | Consumer Loan | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 704,969	$ 789,877

LOANS AND CREDIT QUALITY (Colla

LOANS AND CREDIT QUALITY (Collateral-Dependent Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 11,557	$ 6,223
Allocated ACL	0	0
Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	6,629	6,223
Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	4,928	0
Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Construction
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	4,851
Allocated ACL	0
Real Estate | Construction | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Real Estate | Construction | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	4,851
Real Estate | Construction | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Real Estate | Residential Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	5,832	5,653
Allocated ACL	0	0
Real Estate | Residential Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	5,832	5,653
Real Estate | Residential Mortgage | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Residential Mortgage | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Home Equity
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	797	570
Allocated ACL	0	0
Real Estate | Home Equity | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	797	570
Real Estate | Home Equity | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Home Equity | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	$ 0
Real Estate | Commercial Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	77
Allocated ACL	0
Real Estate | Commercial Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0
Real Estate | Commercial Mortgage | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	77
Real Estate | Commercial Mortgage | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 0

LOANS AND CREDIT QUALITY (Class

LOANS AND CREDIT QUALITY (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	$ 163,717	$ 1,004,473
Fiscal year before current fiscal year	1,007,949	1,293,071
Two years before current fiscal year	1,235,850	691,126
Three years before current fiscal year	655,381	414,136
Four years before current fiscal year	369,773	288,522
Five years before current fiscal year	1,284,867	1,063,474
Amortized Cost of Revolving Loans	803,146	800,664
Total	5,520,683	5,555,466
Loans and leases, gross	5,520,751	5,556,312
Net deferred costs (income)	(68)	(846)
Total loans, net of deferred fees and costs	5,520,683	5,555,466
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	0
Year-to-date gross charge-offs, fiscal year before current fiscal year	2,957
Year-to-date gross charge-offs, two years before current fiscal year	2,818
Year-to-date gross charge-offs, three years before current fiscal year	345
Year-to-date gross charge-offs, four years before current fiscal year	616
Year-to-date gross charge-offs, five years before current fiscal year	964
Year-to-date gross charge-offs, Amortized Cost of Revolving Loans	0
Year-to-date gross charge-offs, Total	7,700
Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	6,206	8,193
Commercial, financial and agricultural: | SBA PPP
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	2,546
Two years before current fiscal year	1,558	9
Three years before current fiscal year	7	0
Four years before current fiscal year	0	0
Five years before current fiscal year	0	0
Amortized Cost of Revolving Loans	0	0
Total	1,565	2,555
Loans and leases, gross	1,615	2,654
Commercial, financial and agricultural: | SBA PPP | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	5	471
Commercial, financial and agricultural: | SBA PPP | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	2,546
Two years before current fiscal year	1,558	9
Three years before current fiscal year	7	0
Four years before current fiscal year	0	0
Five years before current fiscal year	0	0
Amortized Cost of Revolving Loans	0	0
Total	1,565	2,555
Commercial, financial and agricultural: | Other
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	28,074	79,944
Fiscal year before current fiscal year	90,128	102,121
Two years before current fiscal year	97,667	42,363
Three years before current fiscal year	37,711	54,508
Four years before current fiscal year	46,620	39,251
Five years before current fiscal year	171,465	149,165
Amortized Cost of Revolving Loans	71,928	76,595
Total	543,593	543,947
Loans and leases, gross	543,775	544,495
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	0
Year-to-date gross charge-offs, fiscal year before current fiscal year	212
Year-to-date gross charge-offs, two years before current fiscal year	88
Year-to-date gross charge-offs, three years before current fiscal year	0
Year-to-date gross charge-offs, four years before current fiscal year	207
Year-to-date gross charge-offs, five years before current fiscal year	634
Year-to-date gross charge-offs, Amortized Cost of Revolving Loans	0
Year-to-date gross charge-offs, Total	1,141
Commercial, financial and agricultural: | Other | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	454	546
Commercial, financial and agricultural: | Other | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	2,206
Fiscal year before current fiscal year	1,025	350
Two years before current fiscal year	933	172
Three years before current fiscal year	389	1,011
Four years before current fiscal year	763	29
Five years before current fiscal year	1	0
Amortized Cost of Revolving Loans	0	99
Total	3,111	3,867
Commercial, financial and agricultural: | Other | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	188
Fiscal year before current fiscal year	194	176
Two years before current fiscal year	364	833
Three years before current fiscal year	740	256
Four years before current fiscal year	213	116
Five years before current fiscal year	7,115	7,215
Amortized Cost of Revolving Loans	95	30
Total	8,721	8,814
Commercial, financial and agricultural: | Other | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	28,074	77,550
Fiscal year before current fiscal year	88,909	101,595
Two years before current fiscal year	96,370	41,358
Three years before current fiscal year	36,582	53,241
Four years before current fiscal year	45,644	39,106
Five years before current fiscal year	164,349	141,950
Amortized Cost of Revolving Loans	71,833	76,466
Total	531,761	531,266
Real Estate | Construction
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	3,392	25,663
Fiscal year before current fiscal year	54,815	66,294
Two years before current fiscal year	76,905	23,384
Three years before current fiscal year	17,343	3,083
Four years before current fiscal year	3,019	15,207
Five years before current fiscal year	31,491	18,048
Amortized Cost of Revolving Loans	13,854	15,044
Total	200,819	166,723
Loans and leases, gross	201,426	167,366
Real Estate | Construction | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Real Estate | Construction | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year		0
Fiscal year before current fiscal year		417
Two years before current fiscal year		0
Three years before current fiscal year		0
Four years before current fiscal year		898
Five years before current fiscal year		0
Amortized Cost of Revolving Loans		0
Total		1,315
Real Estate | Construction | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	4,850
Two years before current fiscal year	5,260	0
Three years before current fiscal year	0	696
Four years before current fiscal year	680	0
Five years before current fiscal year	0	0
Amortized Cost of Revolving Loans	0	0
Total	5,940	5,546
Real Estate | Construction | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	3,392	25,663
Fiscal year before current fiscal year	54,815	61,027
Two years before current fiscal year	71,645	23,384
Three years before current fiscal year	17,343	2,387
Four years before current fiscal year	2,339	14,309
Five years before current fiscal year	31,491	18,048
Amortized Cost of Revolving Loans	13,854	15,044
Total	194,879	159,862
Real Estate | Home Equity
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	6,159	34,973
Fiscal year before current fiscal year	33,821	23,772
Two years before current fiscal year	22,328	10,520
Three years before current fiscal year	9,767	7,463
Four years before current fiscal year	6,705	6,958
Five years before current fiscal year	18,826	12,180
Amortized Cost of Revolving Loans	653,154	643,514
Total	750,760	739,380
Loans and leases, gross	748,704	737,386
Real Estate | Home Equity | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,623	1,540
Real Estate | Home Equity | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year		0
Fiscal year before current fiscal year		0
Two years before current fiscal year		0
Three years before current fiscal year		0
Four years before current fiscal year		0
Five years before current fiscal year		0
Amortized Cost of Revolving Loans		198
Total		198
Real Estate | Home Equity | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	73	78
Five years before current fiscal year	857	453
Amortized Cost of Revolving Loans	0	39
Total	930	570
Real Estate | Home Equity | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	6,159	34,973
Fiscal year before current fiscal year	33,821	23,772
Two years before current fiscal year	22,328	10,520
Three years before current fiscal year	9,767	7,463
Four years before current fiscal year	6,632	6,880
Five years before current fiscal year	17,969	11,727
Amortized Cost of Revolving Loans	653,154	643,277
Total	749,830	738,612
Real Estate | Commercial mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,367,562	1,363,075
Real Estate | Commercial mortgage | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	160
Real Estate | Residential Mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	56,266	279,146
Fiscal year before current fiscal year	274,375	636,756
Two years before current fiscal year	626,257	435,876
Three years before current fiscal year	425,886	154,906
Four years before current fiscal year	148,848	58,934
Five years before current fiscal year	411,274	375,381
Amortized Cost of Revolving Loans	0	0
Total	1,942,906	1,940,999
Loans and leases, gross	1,942,272	1,940,456
Real Estate | Residential Mortgage | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0
Fiscal year before current fiscal year	0
Two years before current fiscal year	0
Three years before current fiscal year	0
Four years before current fiscal year	0
Five years before current fiscal year	288
Amortized Cost of Revolving Loans	0
Total	288
Real Estate | Residential Mortgage | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	1,077	0
Two years before current fiscal year	0	948
Three years before current fiscal year	935	0
Four years before current fiscal year	822	503
Five years before current fiscal year	3,445	3,864
Amortized Cost of Revolving Loans	0	0
Total	6,279	5,315
Real Estate | Residential Mortgage | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	56,266	279,146
Fiscal year before current fiscal year	273,298	636,756
Two years before current fiscal year	626,257	434,928
Three years before current fiscal year	424,951	154,906
Four years before current fiscal year	148,026	58,431
Five years before current fiscal year	407,541	371,517
Amortized Cost of Revolving Loans	0	0
Total	1,936,339	1,935,684
Real Estate | Commercial Mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	30,227
Fiscal year before current fiscal year	237,434
Two years before current fiscal year	216,450
Three years before current fiscal year	117,919
Four years before current fiscal year	126,304
Five years before current fiscal year	630,872
Amortized Cost of Revolving Loans	8,356
Total	1,367,562
Loans and leases, gross	1,369,329	1,364,998
Real Estate | Commercial Mortgage | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	11,388
Four years before current fiscal year	10,950	0
Five years before current fiscal year	11,690	16,082
Amortized Cost of Revolving Loans	0	0
Total	22,640	27,470
Real Estate | Commercial Mortgage | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	10,149
Two years before current fiscal year	11,627	0
Three years before current fiscal year	0	1,700
Four years before current fiscal year	1,677	2,133
Five years before current fiscal year	10,282	8,103
Amortized Cost of Revolving Loans	0	0
Total	23,586	22,085
Real Estate | Commercial Mortgage | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	30,227	226,137
Fiscal year before current fiscal year	237,434	208,230
Two years before current fiscal year	204,823	119,531
Three years before current fiscal year	117,919	129,950
Four years before current fiscal year	113,677	145,932
Five years before current fiscal year	608,900	472,267
Amortized Cost of Revolving Loans	8,356	11,473
Total	1,321,336	1,313,520
Consumer | Consumer
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	39,599	358,610
Fiscal year before current fiscal year	317,376	243,203
Two years before current fiscal year	194,685	59,443
Three years before current fiscal year	46,748	51,138
Four years before current fiscal year	38,277	20,107
Five years before current fiscal year	20,939	12,248
Amortized Cost of Revolving Loans	55,854	54,038
Total	713,478	798,787
Loans and leases, gross	713,630	798,957
Consumer | Consumer | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year		0
Fiscal year before current fiscal year		0
Two years before current fiscal year		0
Three years before current fiscal year		113
Four years before current fiscal year		0
Five years before current fiscal year		0
Amortized Cost of Revolving Loans		0
Total		113
Consumer | Consumer | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	4	1
Fiscal year before current fiscal year	103	261
Two years before current fiscal year	148	91
Three years before current fiscal year	161	126
Four years before current fiscal year	163	42
Five years before current fiscal year	1,161	790
Amortized Cost of Revolving Loans	3	0
Total	1,743	1,311
Consumer | Consumer | Loss
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	0	0
Two years before current fiscal year	0	0
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Five years before current fiscal year	1,094	500
Amortized Cost of Revolving Loans	0	0
Total	1,094	500
Consumer | Consumer | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	39,595	358,609
Fiscal year before current fiscal year	317,273	242,942
Two years before current fiscal year	194,537	59,352
Three years before current fiscal year	46,587	50,899
Four years before current fiscal year	38,114	20,065
Five years before current fiscal year	18,684	10,958
Amortized Cost of Revolving Loans	55,851	54,038
Total	710,641	796,863
Consumer | Consumer Loan
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	713,478	798,787
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	0
Year-to-date gross charge-offs, fiscal year before current fiscal year	2,745
Year-to-date gross charge-offs, two years before current fiscal year	2,730
Year-to-date gross charge-offs, three years before current fiscal year	345
Year-to-date gross charge-offs, four years before current fiscal year	409
Year-to-date gross charge-offs, five years before current fiscal year	330
Year-to-date gross charge-offs, Amortized Cost of Revolving Loans	0
Year-to-date gross charge-offs, Total	6,559
Consumer | Consumer Loan | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	$ 4,124	$ 5,173

ALLOWANCE FOR CREDIT LOSSES A_3

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Changes in the allowance
Beginning balance	$ 63,099	$ 64,754	$ 63,738	$ 68,097
Provision (credit) for credit losses on loans	4,135	1,456	5,750	(1,475)
Subtotal	67,234	66,210	69,488	66,622
Charge-offs	4,235	1,877	7,700	3,347
Recoveries	850	878	2,061	1,936
Net charge-offs (recoveries)	3,385	999	5,639	1,411
Ending balance	63,849	65,211	63,849	65,211
Commercial, financial and agricultural:
Changes in the allowance
Beginning balance	1	36	2	77
Provision (credit) for credit losses on loans	0	(21)	(1)	(62)
Subtotal	1	15	1	15
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs (recoveries)	0	0	0	0
Ending balance	1	15	1	15
Other
Changes in the allowance
Beginning balance	7,130	9,562	6,822	10,314
Provision (credit) for credit losses on loans	52	(1,565)	889	(2,413)
Subtotal	7,182	7,997	7,711	7,901
Charge-offs	362	487	1,141	741
Recoveries	125	215	375	565
Net charge-offs (recoveries)	237	272	766	176
Ending balance	6,945	7,725	6,945	7,725
Construction | Real Estate
Changes in the allowance
Beginning balance	3,087	3,836	2,867	3,908
Provision (credit) for credit losses on loans	567	(833)	787	(905)
Subtotal	3,654	3,003	3,654	3,003
Charge-offs	0	0	0	0
Recoveries	0	62	0	62
Net charge-offs (recoveries)	0	(62)	0	(62)
Ending balance	3,654	3,065	3,654	3,065
Residential Mortgage | Real Estate
Changes in the allowance
Beginning balance	11,813	11,043	11,804	12,463
Provision (credit) for credit losses on loans	413	1,688	369	156
Subtotal	12,226	12,731	12,173	12,619
Charge-offs	0	0	0	0
Recoveries	7	36	60	148
Net charge-offs (recoveries)	(7)	(36)	(60)	(148)
Ending balance	12,233	12,767	12,233	12,767
Home Equity | Real Estate
Changes in the allowance
Beginning balance	4,037	4,641	4,114	4,509
Provision (credit) for credit losses on loans	(87)	(596)	(164)	(464)
Subtotal	3,950	4,045	3,950	4,045
Charge-offs	0	0	0	0
Recoveries	15	0	15	0
Net charge-offs (recoveries)	(15)	0	(15)	0
Ending balance	3,965	4,045	3,965	4,045
Commercial Mortgage | Real Estate
Changes in the allowance
Beginning balance	17,472	16,055	17,902	18,411
Provision (credit) for credit losses on loans	(107)	1,803	(537)	(553)
Subtotal	17,365	17,858	17,365	17,858
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs (recoveries)	0	0	0	0
Ending balance	17,365	17,858	17,365	17,858
Consumer | Consumer
Changes in the allowance
Beginning balance	19,559	19,581	20,227	18,415
Provision (credit) for credit losses on loans	3,297	980	4,407	2,766
Subtotal	22,856	20,561	24,634	21,181
Charge-offs	3,873	1,390	6,559	2,606
Recoveries	703	565	1,611	1,161
Net charge-offs (recoveries)	3,170	825	4,948	1,445
Ending balance	$ 19,686	$ 19,736	$ 19,686	$ 19,736

ALLOWANCE FOR CREDIT LOSSES A_4

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Provision (credit) for credit losses	$ 4,319	$ 989	$ 6,171	$ (2,206)
Provision (credit) for credit losses on loans	4,135	1,456	5,750	(1,475)
Provision (credit) for off-balance sheet credit exposures	$ 200	$ (500)	$ 400	$ (700)

ALLOWANCE FOR CREDIT LOSSES A_5

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Reserve For Off-Balance Sheet Credit Exposure) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance	$ 3,480	$ 4,540	$ 3,243	$ 4,804
Provision (credit) for off-balance sheet credit exposures	200	(500)	400	(700)
Ending balance	3,664	4,073	3,664	4,073
Adjusted balance at beginning of period
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Provision (credit) for off-balance sheet credit exposures	$ 184	$ (467)	$ 421	$ (731)

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Investments in low income housing tax credit partnerships	$ 39,511	$ 40,939
Investments in common securities of statutory trusts	1,547	1,547
Investments in affiliates	115	110
Other	4,045	4,045
Total	$ 45,218	$ 46,641

INVESTMENTS IN UNCONSOLIDATED_4

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Mar. 31, 2022	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2021
Schedule of Investments [Line Items]
Equity method investments			$ 100	$ 100
Total unfunded commitments			24,669
Swell Financial, Inc. | Maximum | Forecast
Schedule of Investments [Line Items]
Proceeds from sale of equity method investment securities	$ 500
Proceeds from intellectual property rights and platform usage feeds from products	$ 1,500
Other
Schedule of Investments [Line Items]
Total unfunded commitments			1,063	1,300
Swell Financial, Inc.
Schedule of Investments [Line Items]
Equity method investments		$ 2,000
Other intangible assets and services provided in exchange for common stock		1,500
Cash in exchange for preferred stock		$ 500
JAM FINTOP Banktech Fund, L.P.
Schedule of Investments [Line Items]
Equity method investments					$ 2,000	$ 2,000
Fund Commitments
Schedule of Investments [Line Items]
Funded commitments, LIHTC			47,800	47,800
Unfunded Commitments
Schedule of Investments [Line Items]
Funded commitments, LIHTC			$ 23,600	$ 23,600

INVESTMENTS IN UNCONSOLIDATED_5

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Future Commitments) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Commitments [Line Items]
2023 (remainder)	$ 10,756
2024	9,280
2025	4,248
2026	26
2027	26
2028	20
Thereafter	313
Total unfunded commitments	24,669
LIHTC
Other Commitments [Line Items]
2023 (remainder)	9,693
2024	9,280
2025	4,248
2026	26
2027	26
2028	20
Thereafter	313
Total unfunded commitments	23,606
Other
Other Commitments [Line Items]
2023 (remainder)	1,063
2024	0
2025	0
2026	0
2027	0
2028	0
Thereafter	0
Total unfunded commitments	$ 1,063	$ 1,300

INVESTMENTS IN UNCONSOLIDATED_6

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Amortization Expense and Tax Credits Recognized With Investments in LIHTC) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Amortization expense recognized in income tax expense	$ 714	$ 607	$ 1,428	$ 1,214
Tax credits recognized in income tax expense	$ 892	$ 709	$ 1,784	$ 1,418

MORTGAGE SERVICING RIGHTS (Chan

MORTGAGE SERVICING RIGHTS (Changes In Mortgage Servicing Rights) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Changes in other intangible assets
Balance, beginning of period			$ 9,074	$ 9,738
Additions			125	494
Amortization	$ (200)	$ (300)	(356)	(863)
Balance, end of period	$ 8,843	$ 9,369	$ 8,843	$ 9,369

MORTGAGE SERVICING RIGHTS (Narr

MORTGAGE SERVICING RIGHTS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gain on sale of residential mortgage loans			$ 296	$ 1,339
Mortgage servicing rights
Acquired Finite-Lived Intangible Assets [Line Items]
Gain on sale of residential mortgage loans	$ 100	$ 200	100	500
Amortization	$ (200)	$ (300)	$ (356)	$ (863)

MORTGAGE SERVICING RIGHTS (Fair

MORTGAGE SERVICING RIGHTS (Fair Market Value And Key Assumptions Used In Determining Fair Market Value of Mortgage Servicing Rights) (Details) - Mortgage servicing rights $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Fair market value	$ 12,585	$ 12,061	$ 12,047	$ 10,504
Weighted-average discount rate
Finite-Lived Intangible Assets [Line Items]
Weighted average prepayment speed assumption	0.095		0.095
Weighted-average prepayment speed assumption
Finite-Lived Intangible Assets [Line Items]
Weighted average prepayment speed assumption	0.104		0.075

MORTGAGE SERVICING RIGHTS (Gros

MORTGAGE SERVICING RIGHTS (Gross Carrying Value, Accumulated Amortization, Net Carrying Value) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value	$ 69,538	$ 69,413
Accumulated Amortization	(60,695)	(60,339)
Net Carrying Value	$ 8,843	$ 9,074	$ 9,369	$ 9,738

MORTGAGE SERVICING RIGHTS (Esti

MORTGAGE SERVICING RIGHTS (Estimated Amortization Expense) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Estimated Amortization Expense
2023 (remainder)	$ 374
2024	807
2025	736
2026	670
2027	607
2028	540
Thereafter	5,109
Net Carrying Value	$ 8,843	$ 9,074	$ 9,369	$ 9,738

DERIVATIVES (Additional Informa

DERIVATIVES (Additional Information) (Details) $ in Millions	Jun. 30, 2023 USD ($)
Back-to-back swap agreements | Derivatives Not Designated as Hedging Instruments
DERIVATIVES
Notional amount	$ 31.9
Cash pledged as collateral	(10.6)
Interest rate swap agreements | Designated as Hedging Instrument
DERIVATIVES
Notional amount	$ 115.5
Fixed interest rate	2.095%

DERIVATIVES (Balance Sheet) (De

DERIVATIVES (Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Interest rate lock and forward sale commitments | Derivatives Not Designated as Hedging Instruments
Asset Derivatives
Fair Value	$ 16	$ 10
Liability Derivatives
Fair Value	1	2
Back-to-back swap agreements | Derivatives Not Designated as Hedging Instruments
Asset Derivatives
Fair Value	4,158	4,611
Liability Derivatives
Fair Value	4,158	4,611
Interest rate swap agreements | Designated as Hedging Instrument
Asset Derivatives
Fair Value	7,105	5,986
Liability Derivatives
Fair Value	$ 0	$ 0

DERIVATIVES (Income Statement)

DERIVATIVES (Income Statement) (Details) - Derivatives Not in Cash Flow Hedging Relationship - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivatives Not Designated as Hedging Instruments | Interest rate lock and forward sale commitments
DERIVATIVES
Location of Gain (Loss) Recognized in Earnings on Derivatives	Mortgage banking income	Mortgage banking income	Mortgage banking income	Mortgage banking income
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 16	$ (143)	$ 8	$ 0
Derivatives Not Designated as Hedging Instruments | Loans held for sale
DERIVATIVES
Location of Gain (Loss) Recognized in Earnings on Derivatives	Other	Other	Other	Other
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ (4)	$ 62	$ (1)	$ (1)
Derivatives Not Designated as Hedging Instruments | Risk participation agreements
DERIVATIVES
Location of Gain (Loss) Recognized in Earnings on Derivatives		Other service charges and fees		Other service charges and fees
Amount of Gain (Loss) Recognized in Earnings on Derivatives		$ 0		$ 16
Derivatives Not Designated as Hedging Instruments | Back-to-back swap agreements
DERIVATIVES
Location of Gain (Loss) Recognized in Earnings on Derivatives	Other service charges and fees		Other service charges and fees
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 35		$ 35
Designated as Hedging Instrument | Interest rate swap agreements
DERIVATIVES
Location of Gain (Loss) Recognized in Earnings on Derivatives	Interest Income (Expense), Net	Interest Income (Expense), Net	Interest Income (Expense), Net	Interest Income (Expense), Net
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ (116)	$ 0	$ (59)	$ (157)

SHORT-TERM BORROWINGS AND LON_3

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Narrative (Details)		1 Months Ended		6 Months Ended
	Oct. 20, 2020 USD ($)	Dec. 31, 2004 USD ($)	Sep. 30, 2004 USD ($)	Jun. 30, 2023 USD ($) period	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
Short-term borrowings				$ 0	$ 5,000,000
Long term borrowings				155,981,000	105,859,000
Investment securities				1,314,017,000	1,336,677,000
Unamortized debt issuance costs				$ (566,000)	(688,000)
Subordinated Debt
Debt Instrument [Line Items]
Number of periods interest can be deferred | period				20
C P B Capital Trust I V
Debt Instrument [Line Items]
Trust preferred securities issued value			$ 30,000,000
Trust preferred securities, variable rate basis			three-month LIBOR
Trust preferred securities, basis spread on variable rate			2.45%
Common securities issued			$ 900,000
C P B Capital Trust I V | Subordinated Debt
Debt Instrument [Line Items]
Long term borrowings				$ 30,900,000
C P B Capital Trust V
Debt Instrument [Line Items]
Trust preferred securities issued value		$ 20,000,000
Trust preferred securities, variable rate basis		three-month LIBOR
Trust preferred securities, basis spread on variable rate		1.87%
Common securities issued		$ 600,000
C P B Capital Trust V | Subordinated Debt
Debt Instrument [Line Items]
Long term borrowings				$ 20,600,000
Maximum | Subordinated Debt
Debt Instrument [Line Items]
Redemption period				90 days
Federal Home Loan Bank Borrowings
Debt Instrument [Line Items]
Line of Credit, maximum borrowing capacity					2,230,000,000	$ 2,060,000,000
Unused borrowings available				$ 1,980,000,000	2,190,000,000
Short-term borrowings					5,000,000
Letters of Credit, outstanding				36,000,000	36,000,000
Long term borrowings				50,000,000
Federal Home Loan Bank Borrowings | Asset Pledged as Collateral
Debt Instrument [Line Items]
Net loans and leases				$ 3,200,000,000
Federal Home Loan Bank Borrowings | Minimum
Debt Instrument [Line Items]
Long term borrowings, interest rate				4.02%
Federal Home Loan Bank Borrowings | Maximum
Debt Instrument [Line Items]
Long term borrowings, interest rate				4.62%
Federal Reserve discount window line of credit
Debt Instrument [Line Items]
Unused borrowings available				$ 169,300,000	75,900,000
Federal Reserve discount window line of credit | Asset Pledged as Collateral
Debt Instrument [Line Items]
Net loans and leases				138,200,000	125,000,000
Investment securities				72,600,000	0
Notes | Subordinated notes
Debt Instrument [Line Items]
Long term borrowings				$ 54,400,000
Debt face amount	$ 55,000,000
Debt instrument, term	10 years
Stated interest rate, first five years	4.75%			0.0475%
Unamortized debt issuance costs				$ (600,000)
Notes | Subordinated notes | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	4.56%
Pacific Coast Bankers' Bank ("PCBB")
Debt Instrument [Line Items]
Line of Credit, maximum borrowing capacity					100,000,000	50,000,000
Wells Fargo
Debt Instrument [Line Items]
Line of Credit, maximum borrowing capacity					$ 25,000,000	$ 25,000,000

SHORT-TERM BORROWINGS AND LON_4

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Subordinated Debentures (Details) - Junior Subordinated Debt - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
44926	$ 51,547	$ 51,547
Trust IV
Debt Instrument [Line Items]
44926	30,928	30,928
Trust V
Debt Instrument [Line Items]
44926	$ 20,619	$ 20,619

SHORT-TERM BORROWINGS AND LON_5

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Subordinated Notes (Details) - Notes - Subordinated notes - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Oct. 20, 2020
Debt Instrument [Line Items]
Subordinated notes	$ 55,000	$ 55,000
Stated interest rate, first five years	0.0475%		4.75%

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue from External Customer [Line Items]
In-scope other operating income	$ 7,781	$ 7,803	$ 15,743	$ 14,916
Out-of-scope other operating income	2,654	9,335	5,701	11,773
Total other operating income	10,435	17,138	21,444	26,689
Mortgage banking income
Revenue from External Customer [Line Items]
In-scope other operating income	174	500	325	735
Service charges on deposit accounts
Revenue from External Customer [Line Items]
In-scope other operating income	2,137	2,026	4,248	3,887
Other service charges and fees
Revenue from External Customer [Line Items]
In-scope other operating income	4,402	4,089	8,781	7,952
Income on fiduciary activities
Revenue from External Customer [Line Items]
In-scope other operating income	$ 1,068	$ 1,188	$ 2,389	$ 2,342

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Activity of nonvested shares
Nonvested restricted stock awards and units, beginning of period (in shares) | shares	352,465
Changes during the period:
Granted (in shares) | shares	114,524
Vested (in shares) | shares	(185,244)
Forfeited (in shares) | shares	(48,430)
Nonvested restricted stock awards and units, end of period (in shares) | shares	233,315
Weighted Average Grant Date Fair Value
Nonvested restricted stock awards and units, beginning of period (in dollars per share) | $ / shares	$ 23.40
Changes during the period:
Granted (in dollars per share) | $ / shares	22.83
Vested (in dollars per share) | $ / shares	20.81
Forfeited (in dollars per share) | $ / shares	24.82
Nonvested restricted stock awards and units, end of period (in dollars per share) | $ / shares	$ 24.88
Fair Value of Restricted Stock Awards and Units That Vested During the Period, Vested | $	$ 3,844
Minimum
SHARE-BASED COMPENSATION
Award vesting period	3 years
Maximum
SHARE-BASED COMPENSATION
Award vesting period	5 years

PENSION AND SUPPLEMENTAL EXEC_3

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Defined Benefit Retirement Plan) (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT 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
Settlement expense	$ 0	$ 4,884	$ 0	$ 4,884

PENSION AND SUPPLEMENTAL EXEC_4

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Pension Plan
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Interest cost	$ 0	$ 212	$ 0	$ 212
Expected return on plan assets	0	(195)	0	(207)
Amortization of net actuarial loss	0	112	0	224
Settlement	0	4,884	0	4,884
Net periodic benefit cost	0	5,013	0	5,113
Pension Plan | Maximum
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Settlement		4,900
SERPs
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Interest cost	112	75	224	150
Amortization of net actuarial (gain) loss	(19)	21	(38)	42
Amortization of net transition obligation	2	4	4	8
Net periodic benefit cost	95	$ 100	190	$ 200
Projected benefit obligation	$ 9,200		$ 9,200		$ 9,200

OPERATING LEASES (Lease Cost an

OPERATING LEASES (Lease Cost and Other Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lease cost:
Operating lease cost	$ 1,327	$ 1,386	$ 2,652	$ 2,776
Variable lease cost	934	834	1,822	1,664
Less: Sublease income	(17)	(12)	(34)	(24)
Total lease cost	2,244	2,208	4,440	4,416
Operating cash flows from operating leases	$ (1,302)	$ (1,515)	$ (2,692)	$ (3,021)
Weighted-average remaining lease term - operating leases	10 years 11 months 23 days	11 years 5 months 1 day	10 years 11 months 23 days	11 years 5 months 1 day
Weighted-average discount rate - operating leases	3.96%	3.94%	3.96%	3.94%

OPERATING LEASES (Undiscounted

OPERATING LEASES (Undiscounted Cash Flows And Reconciliation To Operating Lease Liabilities) (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Undiscounted Cash Flows
2023 (remainder)	$ 2,433
2024	4,467
2025	4,180
2026	4,118
2027	4,108
2028	3,509
Thereafter	19,683
Total	42,498
Lease Liability Discount on Cash Flows
2023 (remainder)	656
2024	1,210
2025	1,085
2026	965
2027	840
2028	723
Thereafter	2,908
Total	8,387
Lease Liability
2023 (remainder)	1,777
2024	3,257
2025	3,095
2026	3,153
2027	3,268
2028	2,786
Thereafter	16,775
Total	$ 34,111

OPERATING LEASES (Lease Income)

OPERATING LEASES (Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Net occupancy	Net occupancy	Net occupancy	Net occupancy
Total rental income recognized	$ 563	$ 378	$ 1,125	$ 1,329

OPERATING LEASES (Future Minimu

OPERATING LEASES (Future Minimum Rental Income) (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Future minimum rental income for those noncancellable operating leases that had initial lease terms in excess of one year
2023 (remainder)	$ 675
2024	1,188
2025	1,073
2026	939
2027	899
2028	532
Thereafter	1,839
Total	$ 7,145

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		15 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023
Before Tax
Amortization					$ (3,644)	$ (1,976)
Other comprehensive income (loss), before tax	$ (3,469)		$ (52,654)		11,841	(161,015)
Tax Effect
Other comprehensive income, tax	(922)		(13,569)		3,132	(42,543)
Net of Tax
Other comprehensive income	(2,547)	$ 11,256	(39,085)	$ (79,387)	8,709	(118,472)
Net unrealized gains on investment securities
Before Tax
Other comprehensive income (loss) before reclassification, before tax	(8,204)		(61,628)		7,054	(170,076)
Amortization	1,976		1,976		3,644	1,976	$ 9,900
Other comprehensive income (loss), before tax	(6,228)		(59,652)		10,698	(168,100)
Tax Effect
Other comprehensive income (loss) before reclassifications, tax	(2,179)		(16,478)		1,873	(45,476)
Less: Amortization of unrealized losses on investment securities transferred to HTM	525		528		968	528
Other comprehensive income, tax	(1,654)		(15,950)		2,841	(44,948)
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	(6,025)		(45,150)		5,181	(124,600)
Amortization of unrealized losses on investment securities transferred to held-to-maturity	1,451		1,448		2,676	1,448
Other comprehensive income	(4,574)		(43,702)		7,857	(123,152)
Net change in fair value of derivatives:
Before Tax
Other comprehensive income (loss) before reclassification, before tax	2,777		2,930		1,178	2,880
Other comprehensive income (loss), before tax	2,777		2,930		1,178	2,880
Tax Effect
Other comprehensive income (loss) before reclassifications, tax	737		783		301	770
Other comprehensive income, tax	737		783		301	770
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	2,040		2,147		877	2,110
Other comprehensive income	2,040		2,147		877	2,110
Amortization of net actuarial loss
Before Tax
Reclassification from AOCI, before tax	(20)		131		(39)	264
Tax Effect
Reclassification from AOCI, tax	(5)		35		(10)	71
Net of Tax
Reclassification from AOCI, net of tax	(15)		96		(29)	193
Amortization of net transition obligation
Before Tax
Reclassification from AOCI, before tax	2		5		4	9
Tax Effect
Reclassification from AOCI, tax	0		1		0	2
Net of Tax
Reclassification from AOCI, net of tax	2		4		4	7
SERPs
Before Tax
Other comprehensive income (loss), before tax	18		(4,068)		35	(4,205)
Tax Effect
Other comprehensive income, tax	5		(1,598)		10	(1,635)
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	0		(697)		0	(697)
Reclassification from AOCI, net of tax	(13)		3,167		(25)	3,267
Other comprehensive income	$ (13)		$ 2,470		$ (25)	$ 2,570

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Changes in each component of AOCI, net of tax
Balance at beginning of period		$ 452,871			$ 452,871
Other comprehensive income	$ (2,547)	11,256	$ (39,085)	$ (79,387)	8,709	$ (118,472)
Balance at end of period	476,279				476,279
Investment Securities
Changes in each component of AOCI, net of tax
Balance at beginning of period	(136,678)	(149,109)	(83,116)	(3,666)	(149,109)	(3,666)
Other comprehensive income before reclassifications	(6,025)		(45,150)		5,181	(124,600)
Reclassification adjustments from AOCI	1,451		1,448		2,676	1,448
Other comprehensive income	(4,574)		(43,702)		7,857	(123,152)
Balance at end of period	(141,252)	(136,678)	(126,818)	(83,116)	(141,252)	(126,818)
Derivatives
Changes in each component of AOCI, net of tax
Balance at beginning of period	3,482	4,645	(37)	0	4,645	0
Other comprehensive income before reclassifications	2,040		2,147		877	(2,110)
Reclassification adjustments from AOCI	0		0		0	0
Other comprehensive income	2,040		2,147		877	2,110
Balance at end of period	5,522	3,482	2,110	(37)	5,522	2,110
SERPs
Changes in each component of AOCI, net of tax
Balance at beginning of period	468	480	(4,194)	(4,294)	480	(4,294)
Other comprehensive income before reclassifications	0		(697)		0	(697)
Reclassification adjustments from AOCI	(13)		3,167		(25)	3,267
Other comprehensive income	(13)		2,470		(25)	2,570
Balance at end of period	455	468	(1,724)	(4,194)	455	(1,724)
Accum. Other Comp. Loss
Changes in each component of AOCI, net of tax
Balance at beginning of period	(132,728)	(143,984)	(87,347)	(7,960)	(143,984)	(7,960)
Other comprehensive income before reclassifications	(3,985)		(43,700)		6,058	(123,187)
Reclassification adjustments from AOCI	1,438		4,615		2,651	4,715
Other comprehensive income	(2,547)	11,256	(39,085)	(79,387)	8,709	(118,472)
Balance at end of period	$ (135,275)	$ (132,728)	$ (126,432)	$ (87,347)	$ (135,275)	$ (126,432)

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassified out of AOCI) (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of unrealized losses on investment securities transferred to HTM					$ 3,644	$ 1,976
Total reclassification adjustments from AOCI for the period, net of tax	$ 14,475	$ 16,187	$ 17,594	$ 19,438	30,662	37,032
Amortization of net actuarial losses
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	20		(131)		39	(264)
Reclassification from AOCI, tax	(5)		35		(10)	71
Amounts reclassified from AOCI	15		(96)		29	(193)
Amortization of net transition obligation
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	(2)		(5)		(4)	(9)
Reclassification from AOCI, tax	0		1		0	2
Amounts reclassified from AOCI	(2)		(4)		(4)	(7)
SERPs
Amounts reclassified out of each component of accumulated other comprehensive income
Amounts reclassified from AOCI	13		(3,167)		25	(3,267)
Settlement
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization						(4,884)
Reclassification from AOCI, tax						1,817
Amounts reclassified from AOCI						(3,067)
Net actuarial losses arising during the period
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization						(952)
Reclassification from AOCI, tax						255
Amounts reclassified from AOCI						(697)
Amount Reclassified from AOCI
Amounts reclassified out of each component of accumulated other comprehensive income
Total reclassification adjustments from AOCI for the period, net of tax	(1,438)		(4,615)		(2,651)	(4,715)
Amount Reclassified from AOCI | Accumulated Net Unrealized Loss on Held To Maturity Securities
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of unrealized losses on investment securities transferred to HTM	(1,976)		(1,976)		(3,644)	(1,976)
Tax effect	525		528		968	528
Amortization of unrealized losses on investment securities transferred to held-to-maturity	(1,451)		(1,448)		(2,676)	(1,448)
Amount Reclassified from AOCI | Amortization of net actuarial losses
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	20		(131)		39	(264)
Amount Reclassified from AOCI | Amortization of net transition obligation
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	(2)		(5)		(4)	(9)
Amount Reclassified from AOCI | SERPs
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	18		(5,020)		35	(5,157)
Reclassification from AOCI, tax	(5)		1,853		(10)	1,890
Amounts reclassified from AOCI	$ 13		$ (3,167)		25	(3,267)
Amount Reclassified from AOCI | Settlement
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization					$ 0	$ (4,884)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
SHARE-BASED COMPENSATION
Net income	$ 14,475	$ 16,187	$ 17,594	$ 19,438	$ 30,662	$ 37,032
Weighted average shares outstanding - basic	27,024,043		27,516,284		27,011,659	27,553,629
Weighted average shares outstanding - diluted	27,071,478		27,676,619		27,090,258	27,759,187
Basic earnings per common share (in dollars per share)	$ 0.54		$ 0.64		$ 1.14	$ 1.34
Diluted earnings per common share (in dollars per share)	$ 0.53		$ 0.64		$ 1.13	$ 1.33
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements	47,435		160,335		78,599	205,558

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES (Narrative) (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($) security	Jun. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans, weighted average discount rate, percent	7.76%	7.76%
Time deposits, weighted average discount rate, percent	5.60%	5.60%
Long -term debt, weighted average discount rate, percent	7.04%	7.04%
Transfers of financial assets (liability) out of Level 3	$ 0	$ 0
Mortgage revenue bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 14,299,000	$ 14,299,000	$ 13,254,000	$ 10,504,000	$ 8,619,000
Mortgage revenue bonds | States and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of investment securities held | security	2	2
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 7,599,000	$ 7,599,000	6,584,000	6,998,000	7,681,000
Mortgage revenue bonds | Residential - Non-government agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of investment securities held | security	2	2
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 714,000	$ 714,000	$ 684,000	$ 782,000	$ 938,000
Weighted average | Weighted-average discount rate | Interest rate swap agreements | Derivatives Not in Cash Flow Hedging Relationship | Designated as Hedging Instrument
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative, measurement input	0.0351	0.0351	0.0331
Weighted average | Mortgage revenue bonds | Weighted-average discount rate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Weighted average prepayment speed assumption	0.0615	0.0615	0.0641

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial assets:
Cash and due from financial institutions	$ 129,071	$ 97,150
Interest-bearing deposits in other financial institutions	181,913	14,894
Loans held for sale, at fair value	2,593	1,105
Accrued interest receivable	20,463	20,345
Financial liabilities:
Noninterest-bearing demand	2,009,387	2,092,823
Time	1,251,720	991,205
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and due from financial institutions	129,071	97,150
Interest-bearing deposits in other financial institutions	181,913	14,894
Investment securities	0	0
Loans held for sale, at fair value	0	0
Loans, net of ACL	0	0
Accrued interest receivable	20,463	20,345
Financial liabilities:
Noninterest-bearing demand	2,009,387	2,092,823
Interest-bearing demand and savings and money market	3,544,630	3,652,195
Time	0	0
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	11,402	4,739
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	1,238,099	1,261,306
Loans held for sale, at fair value	2,593	1,105
Loans, net of ACL	0	0
Accrued interest receivable	0	0
Financial liabilities:
Noninterest-bearing demand	0	0
Interest-bearing demand and savings and money market	0	0
Time	0	0
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	7,194	7,268
Loans held for sale, at fair value	0	0
Loans, net of ACL	5,016,464	5,043,436
Accrued interest receivable	0	0
Financial liabilities:
Noninterest-bearing demand	0	0
Interest-bearing demand and savings and money market	0	0
Time	1,236,919	975,086
Long-term debt	138,671	93,729
Accrued interest payable (included in other liabilities)	0	0
Carrying Amount
Financial assets:
Cash and due from financial institutions	129,071	97,150
Interest-bearing deposits in other financial institutions	181,913	14,894
Investment securities	1,314,017	1,336,677
Loans held for sale, at fair value	2,593	1,105
Loans, net of ACL	5,456,834	5,491,728
Accrued interest receivable	20,463	20,345
Financial liabilities:
Noninterest-bearing demand	2,009,387	2,092,823
Interest-bearing demand and savings and money market	3,544,630	3,652,195
Time	1,251,720	991,205
Long-term debt	155,981	105,859
Accrued interest payable (included in other liabilities)	11,402	4,739
Estimated Fair Value
Financial assets:
Cash and due from financial institutions	129,071	97,150
Interest-bearing deposits in other financial institutions	181,913	14,894
Investment securities	1,245,293	1,268,574
Loans held for sale, at fair value	2,593	1,105
Loans, net of ACL	5,016,464	5,043,436
Accrued interest receivable	20,463	20,345
Financial liabilities:
Noninterest-bearing demand	2,009,387	2,092,823
Interest-bearing demand and savings and money market	3,544,630	3,652,195
Time	1,236,919	975,086
Long-term debt	138,671	93,729
Accrued interest payable (included in other liabilities)	11,402	4,739
Commitments to extend credit
Financial liabilities:
Off-balance sheet financial instruments, Notional Amount	1,336,864	1,328,791
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:	1,298	1,270
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	0
Commitments to extend credit | Estimated Fair Value
Financial liabilities:
Off-balance sheet financial instruments:	1,298	1,270
Standby letters of credit and financial guarantees written
Financial liabilities:
Off-balance sheet financial instruments, Notional Amount	4,454	5,367
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:	67	80
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	0
Standby letters of credit and financial guarantees written | Estimated Fair Value
Financial liabilities:
Off-balance sheet financial instruments:	67	80
Assets
Financial liabilities:
Notional Amount	(31,937)	(32,335)
Assets | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	0	0
Assets | Significant Other Observable Inputs (Level 2)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	0	0
Assets | Significant Unobservable Inputs (Level 3)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(4,158)	(4,611)
Assets | Carrying Amount
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(4,158)	(4,611)
Assets | Estimated Fair Value
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(4,158)	(4,611)
Liabilities
Financial liabilities:
Notional Amount	(31,937)	(32,335)
Financial Liabilities Fair Value Disclosure		(4,611)
Liabilities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	0	0
Liabilities | Significant Other Observable Inputs (Level 2)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	0	0
Liabilities | Significant Unobservable Inputs (Level 3)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(4,158)	(4,611)
Liabilities | Carrying Amount
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(4,158)
Liabilities | Estimated Fair Value
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(4,158)
Forward interest rate contracts
Financial liabilities:
Notional Amount	(2,616)	(1,110)
Risk participation agreements
Financial liabilities:
Notional Amount	(36,431)	(36,835)
Risk participation agreements | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	0	0
Risk participation agreements | Significant Other Observable Inputs (Level 2)
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	0	0
Risk participation agreements | Significant Unobservable Inputs (Level 3)
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	0	0
Risk participation agreements | Carrying Amount
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	0	0
Risk participation agreements | Estimated Fair Value
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	0	0
Interest rate swap agreements
Financial liabilities:
Notional Amount	(115,545)	(115,545)
Interest rate swap agreements | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	0	0
Interest rate swap agreements | Significant Other Observable Inputs (Level 2)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	0	0
Interest rate swap agreements | Significant Unobservable Inputs (Level 3)
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(7,105)	(5,986)
Interest rate swap agreements | Carrying Amount
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(7,105)	(5,986)
Interest rate swap agreements | Estimated Fair Value
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(7,105)	(5,986)
Recurring basis | Forward interest rate contracts | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	0	0
Recurring basis | Forward interest rate contracts | Significant Other Observable Inputs (Level 2)
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	15	8
Recurring basis | Forward interest rate contracts | Significant Unobservable Inputs (Level 3)
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	0	0
Recurring basis | Forward interest rate contracts | Carrying Amount
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	15	8
Recurring basis | Forward interest rate contracts | Estimated Fair Value
Financial liabilities:
Assets, Fair Value Disclosure, Recurring	$ 15	$ 8

FAIR VALUE OF ASSETS AND LIAB_3

FAIR VALUE OF ASSETS AND LIABILITIES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 664,071	$ 671,794
States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	135,172	135,752
Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	30,720	30,211
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	22,647	25,715
Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	406,127	423,803
Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	8,355	8,662
Commercial - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	44,985	46,144
Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	16,065	1,507
Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	664,071	671,794
Derivatives	7,120	5,994
Total	671,191	677,788
Recurring basis | Forward interest rate contracts
Assets and liabilities measured at fair value
Derivatives	15	8
Recurring basis | Interest rate swap agreements
Assets and liabilities measured at fair value
Derivatives	7,105	5,986
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	135,172	135,752
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	30,720	30,211
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	22,647	25,715
Recurring basis | Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	406,127	423,803
Recurring basis | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	8,355	46,144
Recurring basis | Commercial - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	44,985	8,662
Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	16,065	1,507
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	0
Derivatives	0	0
Total	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Forward 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 | Interest rate swap agreements
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 | Residential - U.S. Government-sponsored entities
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 | Commercial - U.S. Government-sponsored entities
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 - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Other Observable Inputs (Level 2) | Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	656,877	664,526
Derivatives	15	8
Total	656,892	664,534
Significant Other Observable Inputs (Level 2) | Recurring basis | Forward interest rate contracts
Assets and liabilities measured at fair value
Derivatives	15	8
Significant Other Observable Inputs (Level 2) | Recurring basis | Interest rate swap agreements
Assets and liabilities measured at fair value
Derivatives	0	0
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	128,692	129,168
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	30,720	30,211
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	22,647	25,715
Significant Other Observable Inputs (Level 2) | Recurring basis | Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	406,127	423,803
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	7,641	46,144
Significant Other Observable Inputs (Level 2) | Recurring basis | Commercial - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	44,985	7,978
Significant Other Observable Inputs (Level 2) | Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	16,065	1,507
Significant Unobservable Inputs (Level 3) | Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	7,194	7,268
Derivatives	7,105	5,986
Total	14,299	13,254
Significant Unobservable Inputs (Level 3) | Recurring basis | Forward interest rate contracts
Assets and liabilities measured at fair value
Derivatives	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Interest rate swap agreements
Assets and liabilities measured at fair value
Derivatives	7,105	5,986
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	6,480	6,584
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 | Residential - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
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	714	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Commercial - U.S. Government-sponsored entities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	684
Significant Unobservable Inputs (Level 3) | Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 0	$ 0

FAIR VALUE OF ASSETS AND LIAB_4

FAIR VALUE OF ASSETS AND LIABILITIES (Level 3 Assets and Liabilities) (Details) - Mortgage revenue bonds - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
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	$ 13,254	$ 8,619
Principal payments received	(125)	(99)
Unrealized net gain included in other comprehensive income	1,170	2,034
Aggregate fair value / Balance at the end of the period	14,299	10,504
Additions		(50)
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	6,584	7,681
Principal payments received	(114)	(88)
Unrealized net gain included in other comprehensive income	1,129	(595)
Aggregate fair value / Balance at the end of the period	7,599	6,998
Additions		0
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	684	938
Principal payments received	(11)	(11)
Unrealized net gain included in other comprehensive income	41	(145)
Aggregate fair value / Balance at the end of the period	714	782
Additions		0
Interest rate swap agreements
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	5,986	0
Principal payments received	0	0
Unrealized net gain included in other comprehensive income	1,119	2,774
Aggregate fair value / Balance at the end of the period	$ 7,105	2,724
Additions		$ (50)