Central Pacific Financial (CPF) 10-Q 25 Oct 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 13, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		27,043,169
Entity Central Index Key	0000701347
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and due from financial institutions	$ 108,818	$ 97,150
Interest-bearing deposits in other financial institutions	329,913	14,894
Investment securities:
Available-for-sale debt securities, at fair value	625,253	671,794
Held-to-maturity debt securities, at amortized cost; fair value of: $531,887 at September 30, 2023 and $596,780 at December 31, 2022	640,053	664,883
Total investment securities	1,265,306	1,336,677
Loans held for sale, at fair value	0	1,105
Loans	5,508,710	5,555,466
Less: allowance for credit losses	64,517	63,738
Loans, net of allowance for credit losses	5,444,193	5,491,728
Premises and equipment, net	97,378	91,634
Accrued interest receivable	21,529	20,345
Investment in unconsolidated entities	42,523	46,641
Mortgage servicing rights	8,797	9,074
Bank-owned life insurance	168,543	167,967
Federal Home Loan Bank of Des Moines ("FHLB") stock	10,995	9,146
Right-of-use lease assets	32,294	34,985
Other assets	107,635	111,417
Total assets	7,637,924	7,432,763
Deposits:
Noninterest-bearing demand	1,969,523	2,092,823
Interest-bearing demand	1,345,843	1,453,167
Savings and money market	2,209,550	2,199,028
Time	1,349,829	991,205
Total deposits	6,874,745	6,736,223
FHLB advances and other short-term borrowings	0	5,000
Long-term debt (net of debt issuance costs of $506 at September 30, 2023 and $688 at December 31, 2022)	156,041	105,859
Lease liabilities	33,186	35,889
Other liabilities	105,354	96,921
Total liabilities	7,169,326	6,979,892
Contingent liabilities and other commitments (see Notes 7, 15 and 16)
Equity
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none at September 30, 2023 and December 31, 2022	0	0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,043,169 at September 30, 2023 and 27,025,070 at December 31, 2022	405,439	408,071
Additional paid-in capital	102,550	101,346
Retained earnings	110,156	87,438
Accumulated other comprehensive loss	(149,547)	(143,984)
Total shareholders' equity	468,598	452,871
Total liabilities and equity	$ 7,637,924	$ 7,432,763

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Held to maturity debt securities, fair value	$ 531,887	$ 596,780
Debt issuance costs	$ 506	$ 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	27,043,169	27,025,070
Common stock, outstanding shares	27,043,169	27,025,070

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income:
Interest and fees on loans	$ 62,162	$ 51,686	$ 180,886	$ 143,598
Interest and dividends on investment securities:
Taxable investment securities	7,016	6,933	21,497	20,937
Tax-exempt investment securities	709	805	2,226	2,428
Dividends	0	0	0	21
Interest on deposits in other financial institutions	2,412	107	3,566	370
Dividend income on FHLB stock	113	138	369	265
Total interest income	72,412	59,669	208,544	167,619
Interest on deposits:
Demand	460	217	1,234	473
Savings and money market	6,464	1,054	14,520	1,700
Time	11,268	1,092	26,464	2,051
Interest on short-term borrowings	0	660	1,139	662
Interest on long-term debt	2,292	1,281	6,329	3,455
Total interest expense	20,484	4,304	49,686	8,341
Net interest income	51,928	55,365	158,858	159,278
Provision (credit) for credit losses	4,874	362	11,045	(1,844)
Net interest income after provision (credit) for credit losses	47,054	55,003	147,813	161,122
Other operating income:
Mortgage banking income	765	831	1,981	3,143
Service charges on deposit accounts	2,193	2,138	6,441	6,025
Other service charges and fees	5,203	4,955	15,182	14,053
Income from fiduciary activities	1,234	1,165	3,623	3,507
Net (losses) gains on sales of investment securities	(135)	0	(135)	8,506
Income from bank-owned life insurance	379	167	2,855	(322)
Other	408	373	1,544	1,406
Total other operating income	10,047	9,629	31,491	36,318
Other operating expense:
Salaries and employee benefits	19,015	22,778	61,886	66,089
Net occupancy	4,725	4,743	13,509	12,965
Equipment	1,112	1,085	2,990	3,242
Communication	809	712	2,378	2,262
Legal and professional services	2,359	2,573	7,714	8,115
Computer software	4,473	4,138	13,700	10,844
Advertising	968	1,150	2,843	3,450
Other	6,150	4,819	16,601	18,585
Total other operating expense	39,611	41,998	121,621	125,552
Income before income taxes	17,490	22,634	57,683	71,888
Income tax expense	4,349	5,919	13,880	18,141
Net income	$ 13,141	$ 16,715	$ 43,803	$ 53,747
Per common share data:
Basic earnings per common share (in dollars per share)	$ 0.49	$ 0.61	$ 1.62	$ 1.96
Diluted earnings per common share (in dollars per share)	$ 0.49	$ 0.61	$ 1.62	$ 1.94
Basic shares (in shares)	27,042,762	27,356,614	27,022,141	27,487,237
Diluted shares (in shares)	27,079,484	27,501,212	27,081,541	27,666,197

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 13,141	$ 16,715	$ 43,803	$ 53,747
Other comprehensive income (loss), net of tax:
Net change in fair value of available-for-sale investment securities	(18,061)	(27,732)	(12,880)	(152,332)
Amortization of unrealized losses on investment securities transferred to held-to-maturity	1,488	1,699	4,164	3,147
Net change in fair value of derivatives	2,313	3,194	3,190	5,304
Defined benefit retirement plan and SERPs	(12)	18	(37)	2,588
Total other comprehensive income (loss), net of tax	(14,272)	(22,821)	(5,563)	(141,293)
Comprehensive income (loss)	$ (1,131)	$ (6,106)	$ 38,240	$ (87,546)

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. Gain (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 (loss)	(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	53,747
Other comprehensive income (loss)	(141,293)					(141,293)
Ending balance (in shares) at Sep. 30, 2022		27,262,879
Ending balance at Sep. 30, 2022	438,468		412,994	100,426	74,301	(149,253)	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 (loss)	(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
Increase (Decrease) in Shareholders' Equity
Net income	16,715				16,715
Other comprehensive income (loss)	(22,821)					(22,821)
Cash dividends declared	(7,107)				(7,107)
Shares of common stock repurchased and other related costs (in shares)		(218,000)
Common stock repurchased and retired and other related costs	(4,868)		(4,868)		0
Share-based compensation (in shares)		17,317
Share-based compensation	1,449		0	1,449
Ending balance (in shares) at Sep. 30, 2022		27,262,879
Ending balance at Sep. 30, 2022	$ 438,468		412,994	100,426	74,301	(149,253)	$ 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)
Increase (Decrease) in Shareholders' Equity
Net income	16,187				16,187
Other comprehensive income (loss)	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)
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)
Increase (Decrease) in Shareholders' Equity
Net income	43,803
Other comprehensive income (loss)	$ (5,563)					(5,563)
Ending balance (in shares) at Sep. 30, 2023	27,043,169	27,043,169
Ending balance at Sep. 30, 2023	$ 468,598		405,439	102,550	110,156	(149,547)
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)
Increase (Decrease) in Shareholders' Equity
Net income	14,475				14,475
Other comprehensive income (loss)	(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
Ending balance at Jun. 30, 2023	476,279		405,511	101,997	104,046	(135,275)
Increase (Decrease) in Shareholders' Equity
Net income	13,141				13,141
Other comprehensive income (loss)	(14,272)					(14,272)
Cash dividends declared	(7,031)				(7,031)
Shares of common stock repurchased and other related costs (in shares)		(4,500)
Common stock repurchased and retired and other related costs	(72)		(72)
Share-based compensation (in shares)		1,877
Share-based compensation	$ 553			553
Ending balance (in shares) at Sep. 30, 2023	27,043,169	27,043,169
Ending balance at Sep. 30, 2023	$ 468,598		$ 405,439	$ 102,550	$ 110,156	$ (149,547)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	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	$ 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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income	$ 43,803	$ 53,747
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for credit losses	11,045	(1,844)
Depreciation and amortization of premises and equipment	5,204	4,876
Loss on disposal of premises and equipment	9	139
Cash flows from operating leases	(3,950)	(4,485)
Amortization of mortgage servicing rights	538	1,115
Net amortization and accretion of premium/discounts on investment securities	2,385	3,522
Share-based compensation	1,204	2,353
Net loss (gain) on sales of investment securities	135	(8,506)
Net gain on sales of residential mortgage loans	(565)	(1,626)
Proceeds from sales of loans held for sale	30,143	73,763
Originations of loans held for sale	(28,473)	(70,307)
Equity in losses (earnings) of unconsolidated entities	12	(171)
Distributions from unconsolidated entities	44	180
Net (increase) decrease in cash surrender value of bank-owned life insurance	(3,203)	823
Deferred income tax benefit (expense)	8,955	(36,447)
Net tax (benefit) expense from share-based compensation	(20)	196
Net change in other assets and liabilities	16,234	64,673
Net cash provided by operating activities	83,500	82,001
Cash flows from investing activities:
Proceeds from maturities of and calls on available-for-sale investment securities	44,812	150,319
Purchases of investment securities available-for-sale	(19,057)	(89,063)
Proceeds from sale of investment securities	1,405	8,506
Proceeds from maturities of and calls on held-to-maturity investment securities	29,823	23,712
Purchases of held-to-maturity investment securities	0	(9,934)
Loan repayments (originations), net	46,520	(70,246)
Purchases of loan portfolios	(19,659)	(252,188)
Proceeds from sales of loans originated for investment	9,629	0
Purchases of bank-owned life insurance	0	(1,300)
Proceeds from bank-owned life insurance death benefits	2,627	1,864
Net purchases of premises, equipment and land	(10,969)	(14,981)
Net return of capital from unconsolidated entities	495	0
Investments in unconsolidated entities	(395)	(8,995)
Net purchases of FHLB stock	(1,849)	(5,582)
Net cash provided by (used in) investing activities	83,382	(267,888)
Cash flows from financing activities:
Net increase (decrease) in deposits	138,522	(82,724)
Net (decrease) increase in FHLB advances and other short-term borrowings	(5,000)	115,000
Proceeds from long-term debt	50,000	0
Cash dividends paid on common stock	(21,085)	(21,461)
Repurchases of common stock and other related costs	(2,632)	(15,817)
Net proceeds from issuance of common stock and stock option exercises	0	679
Net cash provided by (used in) financing activities	159,805	(4,323)
Net increase (decrease) in cash and cash equivalents	326,687	(190,210)
Cash and cash equivalents at beginning of period	112,044	328,907
Cash and cash equivalents at end of period	438,731	138,697
Cash paid during the period for:
Interest	37,673	7,185
Income taxes	7,316	5,576
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	673,254
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value	3,644	4,295
Other intangible assets and services provided in exchange for Swell common stock	0	1,500
Other intangible assets received in exchange for Swell common stock	$ 1,500	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 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. Allowance for Credit Losses for Loans The allowance for credit losses ("ACL") for loans is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on loans. The Company’s policy is to charge off a loan against the ACL during the period in which the loan is deemed to be uncollectible and all interest previously accrued, but uncollected, is reversed against current period interest income. A loan is deemed to be uncollectible when it is probable that a loss will be incurred and when it is possible to determine a reasonable estimate of the loss. Subsequent receipts, if any, are credited first to the remaining principal, then to the ACL for loans as recoveries, and finally to interest income. The ACL for loans represents management's estimate of all expected credit losses over the expected life of the Company’s loan portfolio as of a given balance sheet date. Management estimates the ACL balance using relevant information available from both internal and external sources, regarding the collectability of cash flows impacted by 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 ACL model incorporates a reasonable and supportable forecast period of one year and reverts to historical loss information on a straight-line basis over one year when its forecast is no longer deemed reasonable and supportable. Historical 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 Company's ACL model 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 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 Moody’s Analytics ("Moody’s"), a firm widely recognized and used for its research, analysis, and economic forecasts, for its economic forecast assumptions. The Company generally uses Moody’s most recent Baseline forecast, which is updated at least monthly with a variety of upside and downside economic scenarios and includes both national and Hawaii-specific economic indicators. 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. The ACL for loans is measured on a collective or pool basis when similar risk characteristics exist. The Company segments its portfolio generally by the loan categories in the Federal Financial Institutions Examination Council ("FFIEC") Call Report. The following is a description and the risk characteristics of each segment: Commercial and industrial loans - SBA Paycheck Protection Program loans Paycheck Protection Program (“PPP”) loans 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. Commercial and industrial loans - Others Commercial and industrial 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, cash flow generated from the borrower’s business is typically regarded as the principal source of repayment. 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 - Multi-family Multi-family mortgage loans can comprise multi-building properties with extensive amenities or a single building with no amenities. The predominant risk characteristic of this segment is operating risk or the ability to generate sufficient rental income from the operation of the property. Commercial real estate loans - Others 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. Residential mortgage loans Residential mortgage loans primarily includes fixed-rate or 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. Home equity lines of credit Home equity lines of credit primarily includes fixed or floating interest rate loans and are also 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. Consumer loans - Other revolving Other revolving consumer loans consist of unsecured consumer lines of credit. The predominant risk characteristics of this segment relates to current and projected economic conditions, as well as employment and income levels attributed to the borrower. Consumer loans - Non-revolving Non-revolving consumer loans consist of non-revolving (term) consumer loans, including auto dealer loans. The predominant risk characteristics of this segment also relates to current and projected economic conditions, as well as employment and income levels attributed to the borrower. Purchased consumer loans Purchased consumer loans consist of dealer and unsecured consumer loans. Credit risk for purchased consumer loans is managed on a pooled basis. The predominant risk characteristics of this segment include current and projected economic conditions, employment and income levels, and the quality of purchased consumer loans. During the third quarter of 2023, the Company updated its methodology to measure expected credit losses from the Probability of Default/Loss Given Default ("PD/LGD") or Loss-Rate Migration methods to the Discounted Cash Flow ("DCF") method for all segments except the SBA PPP and purchased consumer loan segments. The Company believes that the DCF methodology has better alignment with the Current Expected Credit Losses ("CECL") standard for forward looking forecasting, while also factoring in more detailed assumptions. The Company is utilizing an industry leading software platform to perform the DCF analysis using a historical look back period of 2008 to present. The Company ran the ACL model under both the current and previous methodologies and noted that the changes to the ACL model and the differences in methodologies did not result in a material impact to the Company's financial statements and as a percentage of the ACL. The Company continues to use the Moody's baseline forecast with an economic forecast length of one year and a one-year, straight-line reversion method. We revert to the historical average of the macroeconomic variables being used. Forecast models exclude the post-2019 COVID-19 pandemic period due to abnormal and volatile behavior. The ACL on the purchased consumer loan portfolios continues to be calculated using the Remaining Life methodology (also known as the Weighted Average Remaining Maturity or "WARM" methodology) as this portfolio is evaluated on a pooled basis. Because SBA PPP loans are guaranteed by the SBA and may be forgivable in whole or in part in accordance with the requirements of the PPP we anticipate zero losses on these loans and accordingly apply a Zero Loss methodology. The following is a description of the methodologies utilized to measure expected credit losses: Discounted Cash Flow The DCF methodology calculates CECL reserves as the difference between the amortized cost of a loan and the discounted expected value of future cash flows. Expected future cash flows are calculated based on assumptions of PD/LGD, prepayments and recovery rates, and are discounted using the loan’s effective interest rate. Remaining Life or Weighted Average Remaining Life Under the remaining life or WARM methodology, lifetime losses are calculated by determining the remaining life of the loan pool, and then applying a loss rate over this remaining life of the loan. The methodology considers historical loss experience 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. Probability of Default/Loss Given Default The PD/LGD calculation is based on a cohort methodology whereby loans in the same cohort are tracked over time to identify defaults and corresponding losses. PD/LGD analysis requires a portfolio segmented into pools, and we elected to then further sub-segment by risk characteristics such as Risk Rating, 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'. 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 flows methodology. Individually evaluated loans are not included in the collective evaluation. The following table presents the Company's loan portfolio segments and the methodology used to measure expected credit losses. As of September 30, 2023, the historical look-back period is 2008 to present, economic forecast length is one year and the reversion method is one year (on a straight-line basis) for all segments. Expected Credit Loss Methodology Historical Look-Back Period Economic Reversion Loan Segment September 30, 2023 June 30, 2023 Commercial and industrial - SBA PPP Zero Loss PD/LGD 2008 to present One year One year Commercial and industrial - All others DCF PD/LGD Construction DCF PD/LGD Commercial real estate - Multi-family DCF PD/LGD Commercial real estate - All others DCF PD/LGD Residential mortgage DCF Loss-Rate Migration Home equity DCF Loss-Rate Migration Consumer - Other revolving DCF Loss-Rate Migration Consumer - Non-revolving DCF Loss-Rate Migration Purchased consumer portfolios WARM WARM 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 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. Effective our adoption date, loan modifications or restructurings for borrowers experiencing financial difficulty were and continue to be 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. 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 does not expect ASU 2022-03 to have a material impact on its consolidated financial statements as the Company does not have any equity securities that are subject to contractual sale restrictions.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost, fair value and related ACL, and corresponding gross unrecognized gains and losses on held-to-maturity ("HTM") debt securities at September 30, 2023 and December 31, 2022 are as follows: Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) September 30, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ 41,930 $ — $ (9,892) $ 32,038 $ — Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 598,123 — (98,274) 499,849 — Total held-to-maturity securities $ 640,053 $ — $ (108,166) $ 531,887 $ — 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 enterprises 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 available-for-sale ("AFS") debt securities at September 30, 2023 and December 31, 2022 are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) September 30, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 164,527 $ — $ (39,550) $ 124,977 $ — Corporate securities 35,850 — (5,830) 30,020 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 23,812 5 (2,325) 21,492 — Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 467,300 — (88,428) 378,872 — Residential - Non-government agencies 13,536 — (1,457) 12,079 — Commercial - U.S. Government-sponsored enterprises 52,263 — (9,215) 43,048 — Commercial - Non-government agencies 15,081 — (316) 14,765 — Total available-for-sale securities $ 772,369 $ 5 $ (147,121) $ 625,253 $ — 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 enterprises 498,989 — (75,186) 423,803 — Residential - Non-government agencies 9,829 — (1,167) 8,662 — Commercial - U.S. Government-sponsored enterprises 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 $ — During the nine months ended September 30, 2022 , the Company transferred 81 investment securities that were classified as AFS to HTM. The investment securities had an amortized cost basis of $762.7 million and a fair market value of $673.2 million. On the date of transfers, these securities had a total net unrealized loss of $89.5 million. There was no impact to net income as a result of the reclassifications. The Company did not transfer any investment securities that were classified as AFS to HTM during the nine months ended September 30, 2023. During the three and nine months ended September 30, 2023, the Company recorded a total of $2.0 million and $5.7 million in amortization of unrecognized losses on the aforementioned investment securities transferred from AFS to HTM. Upon adoption of ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” 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 Accrued interest receivable on AFS debt securities totaled $3.1 million as of September 30, 2023 and December 31, 2022. Accrued interest receivable on HTM debt securities totaled $1.2 million and $1.3 million as of September 30, 2023 and December 31, 2022, respectively. The amortized cost, estimated fair value and weighted average yield of our HTM and AFS debt securities, by contractual maturity, at September 30, 2023 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 41,930 32,038 2.26 Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 598,123 499,849 1.91 Total held-to-maturity securities $ 640,053 $ 531,887 1.93 % (dollars in thousands) Amortized Cost Fair Value Weighted Average Yield (1) Available-for-sale: Debt securities: Due in one year or less $ 4,496 $ 4,470 3.15 % Due after one year through five years 38,959 34,892 2.94 Due after five years through ten years 49,724 43,695 2.99 Due after ten years 131,010 93,432 2.54 Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 467,300 378,872 2.01 Residential - Non-government agencies 13,536 12,079 3.86 Commercial - U.S. Government-sponsored enterprises 52,263 43,048 2.29 Commercial - Non-government agencies 15,081 14,765 5.10 Total available-for-sale securities $ 772,369 $ 625,253 2.35 % (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 nine months ended September 30, 2023 , the Company sold two AFS commercial mortgage-backed securities issued by non-government agencies. The investment securities had a cost basis of $1.5 million and were sold at a loss of $0.1 million . In 2022, the Company sold its Class B common stock of Visa, Inc. during the second quarter; the sale is discussed later in this footnote. Investment securities with carrying values totaling $974.4 million and $607.7 million at September 30, 2023 and December 31, 2022, respectively, were pledged to secure public funds on deposit, Federal Reserve Bank borrowings and other financial transactions. At September 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. Th e following tables present HTM investment securities, which were in an unrecognized loss position as of the dates presented, aggregated by major security type and length of time in a continuous unrecognized loss position. There were a total of 83 HTM investment securities which were in an unrecognized loss position, without an ACL, at both September 30, 2023 and December 31, 2022. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrecognized Losses Fair Value Unrecognized Losses Fair Value Unrecognized Losses September 30, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ — $ — $ 32,038 $ (9,892) $ 32,038 $ (9,892) Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 17,533 (469) 482,316 (97,805) 499,849 (98,274) Total $ 17,533 $ (469) $ 514,354 $ (107,697) $ 531,887 $ (108,166) 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 enterprises 559,667 (63,376) — — 559,667 (63,376) Total $ 596,780 $ (68,103) $ — $ — $ 596,780 $ (68,103) Th e following tables summarize AFS investment securities, which were in an unrealized loss position as of the dates presented, aggregated by major security type and length of time in a continuous unrealized loss position. There were a total of 245 and 243 AFS investment securities which were in an unrealized loss position, without an ACL, at September 30, 2023 and December 31, 2022, respectively. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 13,958 $ (393) $ 111,019 $ (39,157) $ 124,977 $ (39,550) Corporate securities — — 30,019 (5,830) 30,019 (5,830) U.S. Treasury obligations and direct obligations of U.S Government agencies 4,236 (110) 16,076 (2,215) 20,312 (2,325) Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises — — 378,873 (88,428) 378,873 (88,428) Residential - Non-government agencies 6,706 (487) 5,373 (970) 12,079 (1,457) Commercial - U.S. Government-sponsored enterprises — — 43,048 (9,215) 43,048 (9,215) Commercial - Non-government agencies 14,765 (316) — — 14,765 (316) Total $ 39,665 $ (1,306) $ 584,408 $ (145,815) $ 624,073 $ (147,121) 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 enterprises 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 enterprises 25,034 (1,724) 21,110 (6,478) 46,144 (8,202) Commercial - Non-government agencies 1,506 (34) — — 1,506 (34) Total $ 240,949 $ (21,134) $ 425,202 $ (108,448) $ 666,151 $ (129,582) Investment securities in an unrecognized or unrealized loss position are evaluated at least on 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 of September 30, 2023, 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 the Company will be required to sell these securities before recovery of its amortized cost basis that may be at maturity, therefore 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 all of its 34,631 shares of Class B common stock of Visa, Inc. ("Visa") and received net proceeds of $8.5 million. 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	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
LOANS AND CREDIT QUALITY	3. LOANS AND CREDIT QUALITY The following table presents loans by class, excluding loans held for sale, net of ACL as of the dates presented: (dollars in thousands) September 30, 2023 December 31, 2022 Commercial and industrial: SBA PPP $ 1,447 $ 2,654 Other 562,716 544,495 Real estate: Construction 212,052 167,366 Residential mortgage 1,930,123 1,940,456 Home equity 751,932 737,386 Commercial mortgage 1,367,107 1,364,998 Consumer 683,614 798,957 Gross loans 5,508,991 5,556,312 Net deferred fees and costs (281) (846) Total loans, net of deferred fees and costs 5,508,710 5,555,466 Less: ACL for loans 64,517 63,738 Total loans, net of ACL for loans $ 5,444,193 $ 5,491,728 Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $17.2 million and $16.0 million at September 30, 2023 and December 31, 2022, respectively, and is reported together with accrued interest receivable on HTM and AFS debt securities During the three months ended September 30, 2023, the Company transferred one loan to the loans held for sale category. The loan did not have any credit concerns at the time of transfer and thus was transferred to loans held for sale at its amortized cost of $9.8 million . The loan was sold during the three months ended September 30, 2023 for $9.6 million, or a loss of $0.2 million, which was recorded in other operating expense. The Company did not transfer any other loans to the held for sale category during the three and nine months ended September 30, 2023 and 2022 and did not sell any other loans originally held for investment during the three and nine months ended September 30, 2023 and 2022. As of September 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 for the periods presented. No loan portfolios were purchased during the three months ended September 30, 2023. Three Months Ended September 30, 2022 (dollars in thousands) U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Purchases: Outstanding balance $ 90,461 $ — $ 90,461 (Discount) premium (3,976) — (3,976) Purchase price $ 86,485 $ — $ 86,485 Nine Months Ended September 30, 2023 Nine Months Ended September 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 $ 195,227 $ 64,890 $ 260,117 (Discount) premium — 568 568 (11,386) 3,457 (7,929) Purchase price $ 3,932 $ 15,727 $ 19,659 $ 183,841 $ 68,347 $ 252,188 Foreclosure Proceedings The Company had $2.6 million and $2.4 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at September 30, 2023 and December 31, 2022, respectively. The Company had $0.1 million in commercial real estate loans in the process of foreclosure at September 30, 2023. There were no commercial real estate loans in the process of foreclosure at December 31, 2022. The Company did not foreclose on any loans during the three and nine months ended September 30, 2023 and 2022. The Company did not sell any foreclosed properties during the three and nine months ended September 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 the dates presented. The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL as of the dates presented: (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual September 30, 2023 Commercial and industrial: SBA PPP $ 351 $ 66 $ — $ — $ 417 $ 993 $ 1,410 $ — Other — 1 — 352 353 562,043 562,396 — Real estate: Construction — — — — — 211,512 211,512 — Residential mortgage 1,852 136 794 4,949 7,731 1,923,009 1,930,740 4,808 Home equity 1,183 740 — 677 2,600 751,380 753,980 677 Commercial mortgage 319 — — 77 396 1,365,031 1,365,427 77 Consumer 5,358 2,151 2,120 597 10,226 673,019 683,245 — Total $ 9,063 $ 3,094 $ 2,914 $ 6,652 $ 21,723 $ 5,486,987 $ 5,508,710 $ 5,562 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual December 31, 2022 Commercial and industrial: 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 the dates presented: (dollars in thousands) Secured by Secured by Secured by Total Allocated September 30, 2023 Real estate: Residential mortgage $ 6,375 $ — $ — $ 6,375 $ 48 Home equity 677 — — 677 — Commercial mortgage 77 — 77 — Total $ 7,129 $ — $ — $ 7,129 $ 48 (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 — Commercial mortgage — — — — — 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 nine months ended September 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 September 30, 2023 consisted of six Hawaii loans with a principal balance of $1.0 million. There were $2.1 million of loans identified as TDRs prior to our adoption of ASU 2022-02 that were still accruing interest at September 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 TDRs had matured and/or was in default at the time of restructure, and there were no commitments to lend additional funds to the borrower during the three and nine months ended September 30, 2023 and 2022. During the three and nine months ended September 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 nine months ended September 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 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 Company 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 the dates presented. Revolving loans converted to term as of and during the periods presented were not material to the total loan portfolio. In addition, the following table includes gross charge-offs of loans by origination year during the period presented. (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans September 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial - SBA PPP: Risk Rating Pass $ — $ — $ 1,404 $ 6 $ — $ — $ — $ 1,410 Subtotal — — 1,404 6 — — — 1,410 Commercial and industrial - Other: Risk Rating Pass 66,786 85,349 81,606 34,488 44,104 159,453 79,108 550,894 Special Mention — 156 602 231 13 — 225 1,227 Substandard 59 1,136 634 709 681 7,056 — 10,275 Subtotal 66,845 86,641 82,842 35,428 44,798 166,509 79,333 562,396 Construction: Risk Rating Pass 6,755 62,037 76,251 17,640 1,481 31,312 14,958 210,434 Special Mention — — 407 — 671 — — 1,078 Substandard — — — — — — — — Subtotal 6,755 62,037 76,658 17,640 2,152 31,312 14,958 211,512 Residential mortgage: Risk Rating Pass 70,141 270,464 619,243 419,296 146,258 398,387 — 1,923,789 Special Mention — — — — — 278 — 278 Substandard — 1,058 303 931 822 3,559 — 6,673 Subtotal 70,141 271,522 619,546 420,227 147,080 402,224 — 1,930,740 Home equity: Risk Rating Pass 12,238 32,866 20,638 9,024 6,570 18,065 653,902 753,303 Special Mention — — — — — — — — Substandard — — — — 73 604 — 677 Subtotal 12,238 32,866 20,638 9,024 6,643 18,669 653,902 753,980 Commercial mortgage: Risk Rating Pass 39,792 238,538 203,902 117,186 113,143 607,898 7,729 1,328,188 Special Mention — — — — 10,732 11,065 — 21,797 Substandard — — 11,607 — 1,666 2,169 — 15,442 Subtotal 39,792 238,538 215,509 117,186 125,541 621,132 7,729 1,365,427 Consumer: Risk Rating Pass 85,466 288,029 161,075 41,288 32,563 13,401 58,706 680,528 Special Mention — — — — — — — — Substandard 10 167 129 133 124 1,303 10 1,876 Loss — — — — — 841 — 841 Subtotal 85,476 288,196 161,204 41,421 32,687 15,545 58,716 683,245 Total $ 281,247 $ 979,800 $ 1,177,801 $ 640,932 $ 358,901 $ 1,255,391 $ 814,638 $ 5,508,710 (dollars in thousands) Gross Charge-Offs by Year of Origination Nine Months Ended September 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial: Other $ 143 $ 239 $ 145 $ — $ 265 $ 751 $ 1,543 Consumer 4 4,988 4,158 871 627 621 11,269 Year-to-date gross charge-offs $ 147 $ 5,227 $ 4,303 $ 871 $ 892 $ 1,372 $ 12,812 (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 and industrial - SBA PPP: Risk Rating Pass $ — $ 2,546 $ 9 $ — $ — $ — $ — $ 2,555 Subtotal — 2,546 9 — — — — 2,555 Commercial and industrial - 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 Special Mention — — — — — — — — 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 Subtotal 226,137 218,379 119,531 143,038 148,065 496,452 11,473 1,363,075 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 EXPOSURES	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
ALLOWANCE FOR LOAN AND LEASE LOSSES
ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES	4. ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES The following tables present by class, the activities in the ACL for loans during the periods presented: (dollars in thousands) Commercial and Industrial Real Estate Three Months Ended September 30, 2023 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 1 $ 6,945 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849 Provision (credit) for credit losses on loans (1) (329) 953 1,727 (913) 1,738 1,351 4,526 Subtotal — 6,616 4,607 13,960 3,052 19,103 21,037 68,375 Charge-offs — 402 — — — — 4,710 5,112 Recoveries — 261 1 10 — — 982 1,254 Net charge-offs (recoveries) — 141 (1) (10) — — 3,728 3,858 Ending balance $ — $ 6,475 $ 4,608 $ 13,970 $ 3,052 $ 19,103 $ 17,309 $ 64,517 (dollars in thousands) Commercial and Industrial Real Estate Three Months Ended September 30, 2022 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 15 $ 7,725 $ 3,065 $ 12,767 $ 4,045 $ 17,858 $ 19,736 $ 65,211 Provision (credit) for credit losses on loans (11) (483) (452) (1,150) (157) (28) 3,012 731 Subtotal 4 7,242 2,613 11,617 3,888 17,830 22,748 65,942 Charge-offs — 550 — — — — 1,912 2,462 Recoveries — 220 14 14 36 — 618 902 Net charge-offs (recoveries) — 330 (14) (14) (36) — 1,294 1,560 Ending balance $ 4 $ 6,912 $ 2,627 $ 11,631 $ 3,924 $ 17,830 $ 21,454 $ 64,382 In the three months ended September 30, 2023, we recorded a provision for credit losses of $4.9 million, which consisted of a provision for credit losses on loans of $4.5 million and a provision for credit losses on off-balance sheet credit exposures of $0.4 million. In the three months ended September 30, 2022, we recorded a provision for credit losses of $0.4 million, which consisted of a debit to the provision for credit losses on loans of $0.7 million and a credit to the provision for credit losses on off-balance sheet credit exposures of $0.3 million. The following tables present by class, the activities in the ACL for loans for the periods presented: The following table presents the activities in the reserve for off-balance sheet credit exposures, included in other liabilities, during the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 3,664 $ 4,073 $ 3,243 $ 4,804 Provision (credit) for off-balance sheet credit exposures 348 (369) 769 (1,100) Ending balance $ 4,012 $ 3,704 $ 4,012 $ 3,704	(dollars in thousands) Commercial and Industrial Real Estate Nine Months Ended September 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 (2) 560 1,740 2,096 (1,077) 1,201 5,758 10,276 Subtotal — 7,382 4,607 13,900 3,037 19,103 25,985 74,014 Charge-offs — 1,543 — — — — 11,269 12,812 Recoveries — 636 1 70 15 — 2,593 3,315 Net charge-offs (recoveries) — 907 (1) (70) (15) — 8,676 9,497 Ending balance $ — $ 6,475 $ 4,608 $ 13,970 $ 3,052 $ 19,103 $ 17,309 $ 64,517 (dollars in thousands) Commercial and Industrial Real Estate Nine Months Ended September 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 (73) (2,896) (1,357) (994) (621) (581) 5,778 (744) Subtotal 4 7,418 2,551 11,469 3,888 17,830 24,193 67,353 Charge-offs — 1,291 — — — — 4,518 5,809 Recoveries — 785 76 162 36 — 1,779 2,838 Net charge-offs (recoveries) — 506 (76) (162) (36) — 2,739 2,971 Ending balance $ 4 $ 6,912 $ 2,627 $ 11,631 $ 3,924 $ 17,830 $ 21,454 $ 64,382 In the nine months ended September 30, 2023, we recorded a provision for credit losses of $11.0 million, which consisted of a provision for credit losses on loans of $10.3 million and a provision for credit losses on off-balance sheet credit exposures of $0.7 million. In the nine months ended September 30, 2022, we recorded a credit to the provision for credit loss of $1.8 million, which consisted of a credit to the provision for credit losses on loans of $0.7 million, a credit to the provision for credit losses on off-balance sheet credit exposures of $1.1 million.

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	9 Months Ended
	Sep. 30, 2023
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	5. INVESTMENTS IN UNCONSOLIDATED ENTITIES The following table presents the components of the Company's investments in unconsolidated entities as of the dates presented: (dollars in thousands) September 30, 2023 December 31, 2022 Investments in low income housing tax credit partnerships, net of amortization $ 38,797 $ 40,939 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 129 110 Other 2,050 4,045 Total $ 42,523 $ 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 as of September 30, 2023 and December 31, 2022. Unfunded commitments related to LIHTC partnerships totaled $23.6 million at September 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 did not have the ability to exercise significant influence over Swell and the investment did 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 was included in investments in unconsolidated entities in the Company's consolidated balance sheets at June 30, 2023 and December 31, 2022. 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 the Bank is no longer serving as the bank sponsor. During the third quarter of 2023, the Company entered into a transaction with Swell whereby Swell repurchased the Company’s entire preferred and common stock equity investment in exchange for $0.5 million in cash, certain intellectual property rights and a platform usage fee agreement 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 platform usage fees will be collected. Due to the aforementioned events, the Company performed an impairment analysis and concluded the intellectual property rights and the platform usage fee agreement received in exchange for the Company's investment in Swell were not impaired as of September 30, 2023. The intangible assets totaling $1.5 million are included in other assets in the Company's consolidated balance sheets at September 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 $1.0 million and $1.3 million in unfunded commitments related to the investment as of September 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 following table presents the expected payments for the unfunded commitments of LIHTC and other partnerships as of September 30, 2023, for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, LIHTC Other Total 2023 (remainder) $ 9,693 $ 983 $ 10,676 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 $ 983 $ 24,589 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Proportional amortization method: Amortization expense recognized in income tax expense $ 714 $ 606 $ 2,142 $ 1,820 Tax credits recognized in income tax expense 891 709 2,675 2,127

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
MORTGAGE SERVICING RIGHTS	6. MORTGAGE SERVICING RIGHTS The following table presents changes in mortgage servicing rights ("MSR") for the periods presented: (dollars in thousands) Balance at December 31, 2022 $ 9,074 Additions 261 Amortization (538) Balance at September 30, 2023 $ 8,797 Balance at December 31, 2021 $ 9,738 Additions 593 Amortization (1,115) Balance at September 30, 2022 $ 9,216 Income generated as the result of new MSR is reported as gains on sales of loans and totaled $0.1 million and and $0.3 million for the three and nine months ended September 30, 2023, respectively, compared to $0.1 million and $0.6 million for the three and nine months ended September 30, 2022, respectively. Amortization of MSR totaled $0.2 million and $0.5 million f or the three and nine months ended September 30, 2023, respectively, compared to $0.3 million and $1.1 million for the three and nine months ended September 30, 2022, respectively. The following table presents the fair market value and key assumptions used in determining the fair market value of MSR: (dollars in thousands) September 30, 2023 September 30, 2022 Fair market value, beginning of year $ 12,061 $ 10,504 Fair market value, end of period 12,840 12,289 Weighted average discount rate 9.5 % 9.5 % Weighted average prepayment speed assumption 10.8 % 9.9 % The following table presents carrying values and accumulated amortization related to MSR as of the dates presented: September 30, 2023 December 31, 2022 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 69,674 $ (60,877) $ 8,797 $ 69,413 $ (60,339) $ 9,074 The following table presents the estimated amortization expense for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter, based on MSR held as of September 30, 2023: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 185 2024 848 2025 784 2026 709 2027 640 2028 569 Thereafter 5,062 Total $ 8,797 The Company performs an impairment assessment of its MSR whenever events or changes in circumstance indicate that the carrying value of the MSR may not be recoverable.

DERIVATIVES

DERIVATIVES	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	7. DERIVATIVES The Company utilizes various designated and undesignated derivative financial instruments to reduce its exposure to movements in interest rates. The Company measures all derivatives at fair value on its consolidated balance sheet. In each reporting period, the Company records 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, the Company records the effective portion of the changes in the fair value of the derivative in accumulated other comprehensive income (loss) ("AOCI"), net of tax, until earnings are affected by the variability of cash flows of the hedged transaction. The Company immediately recognizes 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 The Company has previously, and, in the future, 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, the Company may also enter into forward loan sale commitments. The interest rate lock and forward loan sale commitments are accounted for as undesignated derivatives and are recorded at their respective fair values in other assets and other liabilities, with changes in fair value recorded in current period earnings. These instruments serve to reduce the Company's exposure to movements in interest rates. The Company was not party to any interest rate lock commitments at September 30, 2023 and December 31, 2022. The Company was not party to any forward sale commitments September 30, 2023, but was party to forward sale commitments on $1.1 million of mortgage loans at December 31, 2022. Risk Participation Agreements The Company has previously, and, in the future, may enter into credit risk participation agreements ("RPA") with financial institution counterparties for interest rate swaps related to loans in which its participates. The RPAs entered into by us and a participant bank provide credit protection to the financial institution counterparties should the borrowers fail to perform on their interest rate derivative contracts with the financial institutions. The Company was party to RPAs with notional amounts totaling $36.2 million and $36.8 million at September 30, 2023 and December 31, 2022, respectively. Back-to-Back Swap Agreements The Company has 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. The Company had swap agreements with its borrowers with total notional amounts of $35.3 million and $32.3 million at September 30, 2023 and December 31, 2022, respectively, offset by swap agreements with third party financial institutions with the same total notional amounts. The Company held $15.6 million and $10.0 million in counter-party collateral related to the back-to-back swap agreements at September 30, 2023 and December 31, 2022, respectively. 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 September 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 as of the dates presented: Derivative Financial Instruments Not Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location September 30, December 31, September 30, December 31, Interest rate lock and forward sale commitments Other assets / other liabilities $ — $ 10 $ — $ 2 Back-to-back swap agreements Other assets / other liabilities 5,043 4,611 5,043 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 September 30, December 31, September 30, December 31, Interest rate swap Other assets / other liabilities $ 10,135 $ 5,986 $ — $ — The following tables present the impact of derivative instruments and their location within the consolidated statements of income for the periods presented: Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended September 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 36 Three Months Ended September 30, 2022 Interest rate lock and forward sale commitments Mortgage banking income 55 Loans held for sale Other income (66) Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Nine Months Ended September 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income $ (8) Loans held for sale Other income 3 Back-to-back swap agreements Other service charges and fees 71 Nine Months Ended September 30, 2022 Interest rate lock and forward sale commitments Mortgage banking income 55 Loans held for sale Other income (67) Risk participation agreements Other service charges and fees 16 Derivative Financial Instruments Location of Loss Amount of Loss (dollars in thousands) Three Months Ended September 30, 2023 Interest rate swap Interest income $ (121) Three Months Ended September 30, 2022 Interest rate swap Interest income (169) Derivative Financial Instruments Location of Loss Amount of Loss (dollars in thousands) Nine Months Ended September 30, 2023 Interest rate swap Interest income $ (180) Nine Months Ended September 30, 2022 Interest rate swap Interest income (326)

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS AND LONG-TERM DEBT	8. SHORT-TERM BORROWINGS AND LONG-TERM DEBT Federal Home Loan Bank Advances and Other Borrowings The Bank is a member of the Federal Home Loan Bank of Des Moines (the "FHLB") and maintained a $1.94 billion line of credit as of September 30, 2023, compared to $2.23 billion at December 31, 2022. At September 30, 2023, $1.82 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 September 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 $72.0 million as of September 30, 2023, compared to $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 September 30, 2023, compared to no long-term borrowings at December 31, 2022. FHLB advances and standby letters of credit available at September 30, 2023 were secured by certain real estate loans with a carrying value of $3.19 billion in accordance with the collateral provisions of the Advances, Security and Deposit Agreement with the FHLB. The Bank had additional unused borrowings available at the Federal Reserve of $290.3 million and $75.9 million at September 30, 2023 and December 31, 2022, respectively. Certain commercial and commercial real estate loans with a carrying value totaling $136.7 million and $125.0 million at September 30, 2023 and December 31, 2022, respectively, were pledged as collateral on our line of credit with the Federal Reserve. In addition, investment securities with a carrying value of $199.7 million as of September 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 September 30, 2023 and December 31, 2022, respectively. The Bank had additional unused unsecured credit lines available at Wells Fargo of $25.0 million at September 30, 2023 and December 31, 2022. 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. On July 3, 2023, after the cessation of the LIBOR benchmark rate on June 30, 2023, the Company amended its Trust IV and Trust V debt agreements to replace the LIBOR-based reference rate with an adjusted CME Term Secured Overnight Financing Rate ("SOFR") plus a tenor spread adjustment. Accounting Standards Codification ("ASC") 848 allows us to account for the modification as a continuation of the existing contract without additional analysis. The following table present's the Company's junior subordinated debentures outstanding, which are recorded in long-term debt on the Company's consolidated balance sheets as of the dates presented: (dollars in thousands) Name of Trust September 30, 2023 Interest Rate December 31, 2022 Interest Rate Trust IV $ 30,928 Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 2.45% $ 30,928 Three-month LIBOR + 2.45% Trust V 20,619 Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 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 following table presents the Company's subordinated notes outstanding as of the dates presented: (dollars in thousands) Description September 30, 2023 December 31, 2022 Interest Rate October 2020 Private Placement $ 55,000 $ 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 through November 1, 2025 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 $54.5 million, net of unamortized debt issuance costs of $0.5 million, at September 30, 2023.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	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 periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Other operating income: In-scope of ASC 606 Mortgage banking income $ 216 $ 155 $ 541 $ 890 Service charges on deposit accounts 2,193 2,138 6,441 6,025 Other service charges and fees 4,874 4,377 13,655 12,329 Income on fiduciary activities 1,234 1,165 3,623 3,507 In-scope other operating income 8,517 7,835 24,260 22,751 Out-of-scope other operating income 1,530 1,794 7,231 13,567 Total other operating income $ 10,047 $ 9,629 $ 31,491 $ 36,318

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	10. 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 nine months ended September 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 115,992 22.76 Forfeited (51,760) 25.07 Vested (188,091) 20.89 $ 3,893 Non-vested RSUs and PSUs, end of period 228,606 24.76

PENSION AND SUPPLEMENTAL EXECUT

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS	9 Months Ended
	Sep. 30, 2023
Retirement Benefits [Abstract]
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS	11. 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 September 2004 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 $9.1 million at September 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 presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Interest cost $ 112 $ 75 $ 336 $ 225 Amortization of net actuarial (gain) loss (19) 20 (57) 62 Amortization of net transition obligation 2 5 6 13 Net periodic benefit cost $ 95 $ 100 $ 285 $ 300 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 The Bank 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. 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 September 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 presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Interest cost $ — $ — $ — $ 212 Expected return on plan assets — — — (207) Amortization of net actuarial loss — — — 224 Settlement — — — 4,884 Net periodic benefit cost $ — $ — $ — $ 5,113

OPERATING LEASES

OPERATING LEASES	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
LEASES	12. 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 liabilities. The following table presents total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Lease cost: Operating lease cost $ 1,285 $ 1,368 $ 3,937 $ 4,144 Variable lease cost 918 769 2,740 2,433 Less: Sublease income — (12) (34) (36) Total lease cost $ 2,203 $ 2,125 $ 6,643 $ 6,541 Other information: Operating cash flows from operating leases $ (1,258) $ (1,464) $ (3,950) $ (4,485) Weighted-average remaining lease term - operating leases 10.85 years 11.32 years 10.85 years 11.32 years Weighted-average discount rate - operating leases 3.96 % 3.94 % 3.96 % 3.94 % The following table presents a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities as of September 30, 2023, 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) $ 1,176 $ 324 $ 852 2024 4,467 1,210 3,257 2025 4,181 1,085 3,096 2026 4,118 965 3,153 2027 4,108 840 3,268 2028 3,509 723 2,786 Thereafter 19,682 2,908 16,774 Total $ 41,241 $ 8,055 $ 33,186 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 presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Total rental income recognized $ 497 $ 398 $ 1,622 $ 1,727 The following table presents estimated lease payments, based on the Company's leases as lessor as of September 30, 2023, for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 358 2024 1,234 2025 1,114 2026 968 2027 913 2028 561 Thereafter 1,839 Total $ 6,987
LEASES	12. 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 liabilities. The following table presents total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Lease cost: Operating lease cost $ 1,285 $ 1,368 $ 3,937 $ 4,144 Variable lease cost 918 769 2,740 2,433 Less: Sublease income — (12) (34) (36) Total lease cost $ 2,203 $ 2,125 $ 6,643 $ 6,541 Other information: Operating cash flows from operating leases $ (1,258) $ (1,464) $ (3,950) $ (4,485) Weighted-average remaining lease term - operating leases 10.85 years 11.32 years 10.85 years 11.32 years Weighted-average discount rate - operating leases 3.96 % 3.94 % 3.96 % 3.94 % The following table presents a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities as of September 30, 2023, 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) $ 1,176 $ 324 $ 852 2024 4,467 1,210 3,257 2025 4,181 1,085 3,096 2026 4,118 965 3,153 2027 4,108 840 3,268 2028 3,509 723 2,786 Thereafter 19,682 2,908 16,774 Total $ 41,241 $ 8,055 $ 33,186 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 presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Total rental income recognized $ 497 $ 398 $ 1,622 $ 1,727 The following table presents estimated lease payments, based on the Company's leases as lessor as of September 30, 2023, for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 358 2024 1,234 2025 1,114 2026 968 2027 913 2028 561 Thereafter 1,839 Total $ 6,987

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables present the components of other comprehensive income (loss) for the periods presented: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2023 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (24,729) $ (6,569) $ (18,160) Less: Reclassification adjustments from AOCI realized in net income 135 36 99 Less: Amortization of unrealized losses on investment securities transferred to HTM 2,026 538 1,488 Net change in fair value of investment securities (22,568) (5,995) (16,573) Net change in fair value of derivatives: Net unrealized gains arising during the period 3,151 838 2,313 Net change in fair value of derivatives 3,151 838 2,313 SERPs: Amortization of net actuarial gain (19) (7) (12) Amortization of net transition obligation 2 2 — SERPs (17) (5) (12) Other comprehensive loss $ (19,434) $ (5,162) $ (14,272) (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2022 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (37,854) $ (10,122) $ (27,732) Less: Amortization of unrealized losses on investment securities transferred to HTM 2,319 620 1,699 Net change in fair value of investment securities (35,535) (9,502) (26,033) Net change in fair value of derivatives: Net unrealized gains arising during the period $ 4,360 $ 1,166 $ 3,194 Net change in fair value of derivatives 4,360 1,166 3,194 SERPs: Amortization of net actuarial loss 20 5 15 Amortization of net transition obligation 5 2 3 SERPs 25 7 18 Other comprehensive loss $ (31,150) $ (8,329) $ (22,821) (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2023 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (17,675) $ (4,696) $ (12,979) Less: Reclassification adjustments from AOCI realized in net income 135 36 99 Less: Amortization of unrealized losses on investment securities transferred to HTM 5,670 1,506 4,164 Net change in fair value of investment securities (11,870) (3,154) (8,716) Net change in fair value of derivatives: Net unrealized gains arising during the period 4,329 1,139 3,190 Net change in fair value of derivatives 4,329 1,139 3,190 SERPs: Amortization of net actuarial gain (58) (17) (41) Amortization of net transition obligation 6 2 4 SERPs (52) (15) (37) Other comprehensive loss $ (7,593) $ (2,030) $ (5,563) (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2022 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (207,930) $ (55,598) $ (152,332) Less: Amortization of unrealized losses on investment securities transferred to HTM 4,295 1,148 3,147 Net change in fair value of investment securities (203,635) (54,450) (149,185) Net change in fair value of derivatives: Net unrealized gains arising during the period $ 7,240 $ 1,936 $ 5,304 Net change in fair value of derivatives 7,240 1,936 5,304 Defined benefit retirement plan and SERPs: [1] Net actuarial losses arising during the period (952) (255) (697) Amortization of net actuarial loss 284 76 208 Amortization of net transition obligation 14 4 10 Settlement 4,884 1,817 3,067 Defined benefit retirement plan and SERPs 4,230 1,642 2,588 Other comprehensive loss $ (192,165) $ (50,872) $ (141,293) [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 changes in each component of accumulated other comprehensive income (loss), net of tax, for the periods presented: (dollars in thousands) Investment Securities Derivatives SERPs AOCI Three Months Ended September 30, 2023 Balance at beginning of period $ (141,252) $ 5,522 $ 455 $ (135,275) Other comprehensive income (loss) before reclassifications (18,160) 2,313 — (15,847) Reclassification adjustments from AOCI 1,587 — (12) 1,575 Total other comprehensive income (loss) (16,573) 2,313 (12) (14,272) Balance at end of period $ (157,825) $ 7,835 $ 443 $ (149,547) (dollars in thousands) Investment Securities Derivatives SERPs AOCI Three Months Ended September 30, 2022 Balance at beginning of period $ (126,818) $ 2,110 $ (1,724) $ (126,432) Other comprehensive income (loss) before reclassifications (27,732) 3,194 — (24,538) Reclassification adjustments from AOCI 1,699 — 18 1,717 Total other comprehensive income (loss) (26,033) 3,194 18 (22,821) Balance at end of period $ (152,851) $ 5,304 $ (1,706) $ (149,253) (dollars in thousands) Investment Securities Derivatives SERPs AOCI Nine Months Ended September 30, 2023 Balance at beginning of period $ (149,109) $ 4,645 $ 480 $ (143,984) Other comprehensive income (loss) before reclassifications (12,979) 3,190 — (9,789) Reclassification adjustments from AOCI 4,263 — (37) 4,226 Total other comprehensive income (loss) (8,716) 3,190 (37) (5,563) Balance at end of period $ (157,825) $ 7,835 $ 443 $ (149,547) (dollars in thousands) Investment Securities Derivatives Defined Benefit Retirement Plan and SERPs [1] AOCI Nine Months Ended September 30, 2022 Balance at beginning of period $ (3,666) $ — $ (4,294) $ (7,960) Other comprehensive income (loss) before reclassifications (152,332) 5,304 (697) (147,725) Reclassification adjustments from AOCI 3,147 — 3,285 6,432 Total other comprehensive income (loss) (149,185) 5,304 2,588 (141,293) Balance at end of period $ (152,851) $ 5,304 $ (1,706) $ (149,253) [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 periods presented: Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Three Months Ended September 30, Details about AOCI Components 2023 2022 Sale of AFS investment securities: Realized loss on sale of AFS investment securities $ (135) $ — Net loss on sale of investment securities Tax effect 36 — Income tax benefit Net of tax (99) — Amortization of unrealized losses on investment securities transferred to HTM: Amortization (2,026) (2,319) Interest and dividends on investment securities Tax effect 538 620 Income tax benefit Net of tax (1,488) (1,699) SERPs: Amortization of net actuarial gain (loss) 19 (20) Other operating expense - other Amortization of net transition obligation (2) (5) Other operating expense - other Total before tax 17 (25) Tax effect (5) 7 Income tax (expense) benefit Net of tax 12 (18) Total reclassification adjustments from AOCI for the period, net of tax $ (1,575) $ (1,717) Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Nine Months Ended September 30, Details about AOCI Components 2023 2022 Sale of AFS investment securities: Realized loss on sale of AFS investment securities $ (135) $ — Net loss on sale of investment securities Tax effect 36 — Income tax benefit Net of tax $ (99) $ — Amortization of unrealized losses on investment securities transferred to HTM: Amortization (5,670) (4,295) Interest and dividends on investment securities Tax effect 1,506 1,148 Income tax benefit Net of tax (4,164) (3,147) Defined benefit retirement plan and SERPs: [1] Amortization of net actuarial gain (loss) 58 (284) Other operating expense - other Amortization of net transition obligation (6) (14) Other operating expense - other Settlement — (4,884) Other operating expense - other Total before tax 52 (5,182) Tax effect (15) 1,897 Income tax (expense) benefit Net of tax 37 (3,285) Total reclassification adjustments from AOCI for the period, net of tax $ (4,226) $ (6,432) [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.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	14. EARNINGS PER SHARE The following table presents the information used to compute basic and diluted earnings per share for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands, except per share data) 2023 2022 2023 2022 Net income $ 13,141 $ 16,715 $ 43,803 $ 53,747 Weighted average common shares outstanding - basic 27,042,762 27,356,614 27,022,141 27,487,237 Dilutive effect of employee stock options and awards 36,722 144,598 59,400 178,960 Weighted average common shares outstanding - diluted 27,079,484 27,501,212 27,081,541 27,666,197 Basic earnings per share $ 0.49 $ 0.61 $ 1.62 $ 1.96 Diluted earnings per share $ 0.49 $ 0.61 $ 1.62 $ 1.94 Anti-dilutive employee stock options and awards 23,830 8,495 24,281 4,092

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	15. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Disclosures about Fair Value of Financial Instruments Fair value estimates, methods and assumptions are set forth below for our financial instruments. Short-Term Financial Instruments The carrying values of short-term financial instruments are deemed to approximate fair values. Such instruments are considered readily convertible to cash and include cash and due from financial institutions, interest-bearing deposits in other financial institutions, accrued interest receivable, the majority of 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 September 30, 2023, the weighted average discount rate used in the valuation of loans was 8.01%. 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 estimated 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 September 30, 2023, the weighted average discount rate used in the valuation of time deposits was 5.64%. Long-Term Debt The fair value of our long-term debt is estimated by discounting scheduled cash flows over the contractual borrowing period at the estimated market rate for similar borrowing arrangements. As of September 30, 2023, the weighted average discount rate used in the valuation of long-term debt was 7.68%. 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 September 30, 2023 Financial assets: Cash and due from financial institutions $ 108,818 $ 108,818 $ 108,818 $ — $ — Interest-bearing deposits in other financial institutions 329,913 329,913 329,913 — — Investment securities 1,265,306 1,157,140 — 1,150,106 7,034 Loans, net of ACL 5,444,193 4,977,934 — — 4,977,934 Accrued interest receivable 21,529 21,529 21,529 — — Financial liabilities: Deposits: Noninterest-bearing demand 1,969,523 1,969,523 1,969,523 — — Interest-bearing demand and savings and money market 3,555,393 3,555,393 3,555,393 — — Time 1,349,829 1,336,148 — — 1,336,148 Long-term debt 156,041 138,733 — — 138,733 Accrued interest payable (included in other liabilities) 16,752 16,752 16,752 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant September 30, 2023 Off-balance sheet financial instruments: Commitments to extend credit $ 1,331,239 $ — $ 1,299 $ — $ 1,299 $ — Standby letters of credit and financial guarantees written 3,262 — 49 — 49 — Derivatives: Risk participation agreements 36,227 — — — — — Back-to-back swap agreements: Assets 35,262 5,043 5,043 — — 5,043 Liabilities (35,262) (5,043) (5,043) — — (5,043) Interest rate swap agreements 115,545 10,135 10,135 — — 10,135 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 Short-term borrowings 5,000 5,000 — 5,000 — 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. The following tables present the fair value of financial assets and liabilities measured on a recurring basis as of the dates presented: Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant September 30, 2023 Available-for-sale securities: Debt securities: States and political subdivisions $ 124,977 $ — $ 118,614 $ 6,363 Corporate securities 30,020 — 30,020 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 21,492 — 21,492 — Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 378,872 — 378,872 — Residential - Non-government agencies 12,079 — 11,408 671 Commercial - U.S. Government-sponsored enterprises 43,048 — 43,048 — Commercial - Non-government agencies 14,765 — 14,765 — Total available-for-sale investment securities 625,253 — 618,219 7,034 Derivatives: Interest rate swap agreements 10,135 — — 10,135 Total derivatives 10,135 — — 10,135 Total $ 635,388 $ — $ 618,219 $ 17,169 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 enterprises 423,803 — 423,803 — Residential - Non-government agencies 8,662 — 7,978 684 Commercial - U.S. Government-sponsored enterprises 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 changes in Level 3 financial assets and liabilities measured at fair value on a recurring basis for the periods presented: 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 (172) (17) — (189) Unrealized net gain (loss) included in other comprehensive income (49) 4 4,149 4,104 Balance at September 30, 2023 $ 6,363 $ 671 $ 10,135 $ 17,169 Balance at December 31, 2021 $ 7,681 $ 938 $ — $ 8,619 Principal payments received (157) (17) — (174) Unrealized net gain (loss) included in other comprehensive income (842) (186) 6,966 5,938 Additions — — (50) (50) Balance at September 30, 2022 $ 6,682 $ 735 $ 6,916 $ 14,333 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, which had an aggregate fair value of $6.4 million at September 30, 2023, compared to $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 September 30, 2023 and also remained relatively unchanged from $0.7 million at December 31, 2022. The Company estimates the aggregate fair value of $17.2 million and $13.3 million as of September 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 September 30, 2023, the weighted average discount rate utilized wa s 6.77%, 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 7 - 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 September 30, 2023, the weighted average discount rate utilized wa s 4.12%, compared to 3.31% at December 31, 2022. There were no financial assets or liabilities measured on a nonrecurring basis as of September 30, 2023 and December 31, 2022.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
	Sep. 30, 2023
Legal Proceedings [Abstract]
LEGAL PROCEEDINGS	16. 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						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Total reclassification adjustments from AOCI for the period, net of tax	$ 13,141	$ 14,475	$ 16,187	$ 16,715	$ 17,594	$ 19,438	$ 43,803	$ 53,747

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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.
Allowance for Credit Losses for Loans	Allowance for Credit Losses for Loans The allowance for credit losses ("ACL") for loans is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on loans. The Company’s policy is to charge off a loan against the ACL during the period in which the loan is deemed to be uncollectible and all interest previously accrued, but uncollected, is reversed against current period interest income. A loan is deemed to be uncollectible when it is probable that a loss will be incurred and when it is possible to determine a reasonable estimate of the loss. Subsequent receipts, if any, are credited first to the remaining principal, then to the ACL for loans as recoveries, and finally to interest income. The ACL for loans represents management's estimate of all expected credit losses over the expected life of the Company’s loan portfolio as of a given balance sheet date. Management estimates the ACL balance using relevant information available from both internal and external sources, regarding the collectability of cash flows impacted by 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 ACL model incorporates a reasonable and supportable forecast period of one year and reverts to historical loss information on a straight-line basis over one year when its forecast is no longer deemed reasonable and supportable. Historical 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 Company's ACL model 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 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 Moody’s Analytics ("Moody’s"), a firm widely recognized and used for its research, analysis, and economic forecasts, for its economic forecast assumptions. The Company generally uses Moody’s most recent Baseline forecast, which is updated at least monthly with a variety of upside and downside economic scenarios and includes both national and Hawaii-specific economic indicators. 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. The ACL for loans is measured on a collective or pool basis when similar risk characteristics exist. The Company segments its portfolio generally by the loan categories in the Federal Financial Institutions Examination Council ("FFIEC") Call Report. The following is a description and the risk characteristics of each segment: Commercial and industrial loans - SBA Paycheck Protection Program loans Paycheck Protection Program (“PPP”) loans 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. Commercial and industrial loans - Others Commercial and industrial 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, cash flow generated from the borrower’s business is typically regarded as the principal source of repayment. 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 - Multi-family Multi-family mortgage loans can comprise multi-building properties with extensive amenities or a single building with no amenities. The predominant risk characteristic of this segment is operating risk or the ability to generate sufficient rental income from the operation of the property. Commercial real estate loans - Others 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. Residential mortgage loans Residential mortgage loans primarily includes fixed-rate or 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. Home equity lines of credit Home equity lines of credit primarily includes fixed or floating interest rate loans and are also 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. Consumer loans - Other revolving Other revolving consumer loans consist of unsecured consumer lines of credit. The predominant risk characteristics of this segment relates to current and projected economic conditions, as well as employment and income levels attributed to the borrower. Consumer loans - Non-revolving Non-revolving consumer loans consist of non-revolving (term) consumer loans, including auto dealer loans. The predominant risk characteristics of this segment also relates to current and projected economic conditions, as well as employment and income levels attributed to the borrower. Purchased consumer loans Purchased consumer loans consist of dealer and unsecured consumer loans. Credit risk for purchased consumer loans is managed on a pooled basis. The predominant risk characteristics of this segment include current and projected economic conditions, employment and income levels, and the quality of purchased consumer loans. During the third quarter of 2023, the Company updated its methodology to measure expected credit losses from the Probability of Default/Loss Given Default ("PD/LGD") or Loss-Rate Migration methods to the Discounted Cash Flow ("DCF") method for all segments except the SBA PPP and purchased consumer loan segments. The Company believes that the DCF methodology has better alignment with the Current Expected Credit Losses ("CECL") standard for forward looking forecasting, while also factoring in more detailed assumptions. The Company is utilizing an industry leading software platform to perform the DCF analysis using a historical look back period of 2008 to present. The Company ran the ACL model under both the current and previous methodologies and noted that the changes to the ACL model and the differences in methodologies did not result in a material impact to the Company's financial statements and as a percentage of the ACL. The Company continues to use the Moody's baseline forecast with an economic forecast length of one year and a one-year, straight-line reversion method. We revert to the historical average of the macroeconomic variables being used. Forecast models exclude the post-2019 COVID-19 pandemic period due to abnormal and volatile behavior. The ACL on the purchased consumer loan portfolios continues to be calculated using the Remaining Life methodology (also known as the Weighted Average Remaining Maturity or "WARM" methodology) as this portfolio is evaluated on a pooled basis. Because SBA PPP loans are guaranteed by the SBA and may be forgivable in whole or in part in accordance with the requirements of the PPP we anticipate zero losses on these loans and accordingly apply a Zero Loss methodology. The following is a description of the methodologies utilized to measure expected credit losses: Discounted Cash Flow The DCF methodology calculates CECL reserves as the difference between the amortized cost of a loan and the discounted expected value of future cash flows. Expected future cash flows are calculated based on assumptions of PD/LGD, prepayments and recovery rates, and are discounted using the loan’s effective interest rate. Remaining Life or Weighted Average Remaining Life Under the remaining life or WARM methodology, lifetime losses are calculated by determining the remaining life of the loan pool, and then applying a loss rate over this remaining life of the loan. The methodology considers historical loss experience 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. Probability of Default/Loss Given Default The PD/LGD calculation is based on a cohort methodology whereby loans in the same cohort are tracked over time to identify defaults and corresponding losses. PD/LGD analysis requires a portfolio segmented into pools, and we elected to then further sub-segment by risk characteristics such as Risk Rating, 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'. 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 flows methodology. Individually evaluated loans are not included in the collective evaluation. The following table presents the Company's loan portfolio segments and the methodology used to measure expected credit losses. As of September 30, 2023, the historical look-back period is 2008 to present, economic forecast length is one year and the reversion method is one year (on a straight-line basis) for all segments. Expected Credit Loss Methodology Historical Look-Back Period Economic Reversion Loan Segment September 30, 2023 June 30, 2023 Commercial and industrial - SBA PPP Zero Loss PD/LGD 2008 to present One year One year Commercial and industrial - All others DCF PD/LGD Construction DCF PD/LGD Commercial real estate - Multi-family DCF PD/LGD Commercial real estate - All others DCF PD/LGD Residential mortgage DCF Loss-Rate Migration Home equity DCF Loss-Rate Migration Consumer - Other revolving DCF Loss-Rate Migration Consumer - Non-revolving DCF Loss-Rate Migration Purchased consumer portfolios WARM WARM
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 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. Effective our adoption date, loan modifications or restructurings for borrowers experiencing financial difficulty were and continue to be 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. 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 does not expect ASU 2022-03 to have a material impact on its consolidated financial statements as the Company does not have any equity securities that are subject to contractual sale restrictions.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financing Receivable Portfolio Segments	Expected Credit Loss Methodology Historical Look-Back Period Economic Reversion Loan Segment September 30, 2023 June 30, 2023 Commercial and industrial - SBA PPP Zero Loss PD/LGD 2008 to present One year One year Commercial and industrial - All others DCF PD/LGD Construction DCF PD/LGD Commercial real estate - Multi-family DCF PD/LGD Commercial real estate - All others DCF PD/LGD Residential mortgage DCF Loss-Rate Migration Home equity DCF Loss-Rate Migration Consumer - Other revolving DCF Loss-Rate Migration Consumer - Non-revolving DCF Loss-Rate Migration Purchased consumer portfolios WARM WARM

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 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 held-to-maturity ("HTM") debt securities at September 30, 2023 and December 31, 2022 are as follows: Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) September 30, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ 41,930 $ — $ (9,892) $ 32,038 $ — Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 598,123 — (98,274) 499,849 — Total held-to-maturity securities $ 640,053 $ — $ (108,166) $ 531,887 $ — 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 enterprises 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 available-for-sale ("AFS") debt securities at September 30, 2023 and December 31, 2022 are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) September 30, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 164,527 $ — $ (39,550) $ 124,977 $ — Corporate securities 35,850 — (5,830) 30,020 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 23,812 5 (2,325) 21,492 — Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 467,300 — (88,428) 378,872 — Residential - Non-government agencies 13,536 — (1,457) 12,079 — Commercial - U.S. Government-sponsored enterprises 52,263 — (9,215) 43,048 — Commercial - Non-government agencies 15,081 — (316) 14,765 — Total available-for-sale securities $ 772,369 $ 5 $ (147,121) $ 625,253 $ — 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 enterprises 498,989 — (75,186) 423,803 — Residential - Non-government agencies 9,829 — (1,167) 8,662 — Commercial - U.S. Government-sponsored enterprises 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, by contractual maturity, at September 30, 2023 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 41,930 32,038 2.26 Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 598,123 499,849 1.91 Total held-to-maturity securities $ 640,053 $ 531,887 1.93 % (dollars in thousands) Amortized Cost Fair Value Weighted Average Yield (1) Available-for-sale: Debt securities: Due in one year or less $ 4,496 $ 4,470 3.15 % Due after one year through five years 38,959 34,892 2.94 Due after five years through ten years 49,724 43,695 2.99 Due after ten years 131,010 93,432 2.54 Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 467,300 378,872 2.01 Residential - Non-government agencies 13,536 12,079 3.86 Commercial - U.S. Government-sponsored enterprises 52,263 43,048 2.29 Commercial - Non-government agencies 15,081 14,765 5.10 Total available-for-sale securities $ 772,369 $ 625,253 2.35 % (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	Th e following tables present HTM investment securities, which were in an unrecognized loss position as of the dates presented, aggregated by major security type and length of time in a continuous unrecognized loss position. There were a total of 83 HTM investment securities which were in an unrecognized loss position, without an ACL, at both September 30, 2023 and December 31, 2022. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrecognized Losses Fair Value Unrecognized Losses Fair Value Unrecognized Losses September 30, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ — $ — $ 32,038 $ (9,892) $ 32,038 $ (9,892) Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 17,533 (469) 482,316 (97,805) 499,849 (98,274) Total $ 17,533 $ (469) $ 514,354 $ (107,697) $ 531,887 $ (108,166) 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 enterprises 559,667 (63,376) — — 559,667 (63,376) Total $ 596,780 $ (68,103) $ — $ — $ 596,780 $ (68,103) Th e following tables summarize AFS investment securities, which were in an unrealized loss position as of the dates presented, aggregated by major security type and length of time in a continuous unrealized loss position. There were a total of 245 and 243 AFS investment securities which were in an unrealized loss position, without an ACL, at September 30, 2023 and December 31, 2022, respectively. Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 13,958 $ (393) $ 111,019 $ (39,157) $ 124,977 $ (39,550) Corporate securities — — 30,019 (5,830) 30,019 (5,830) U.S. Treasury obligations and direct obligations of U.S Government agencies 4,236 (110) 16,076 (2,215) 20,312 (2,325) Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises — — 378,873 (88,428) 378,873 (88,428) Residential - Non-government agencies 6,706 (487) 5,373 (970) 12,079 (1,457) Commercial - U.S. Government-sponsored enterprises — — 43,048 (9,215) 43,048 (9,215) Commercial - Non-government agencies 14,765 (316) — — 14,765 (316) Total $ 39,665 $ (1,306) $ 584,408 $ (145,815) $ 624,073 $ (147,121) 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 enterprises 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 enterprises 25,034 (1,724) 21,110 (6,478) 46,144 (8,202) Commercial - Non-government agencies 1,506 (34) — — 1,506 (34) Total $ 240,949 $ (21,134) $ 425,202 $ (108,448) $ 666,151 $ (129,582)

LOANS AND CREDIT QUALITY (Table

LOANS AND CREDIT QUALITY (Tables)	9 Months Ended
	Sep. 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 the dates presented: (dollars in thousands) September 30, 2023 December 31, 2022 Commercial and industrial: SBA PPP $ 1,447 $ 2,654 Other 562,716 544,495 Real estate: Construction 212,052 167,366 Residential mortgage 1,930,123 1,940,456 Home equity 751,932 737,386 Commercial mortgage 1,367,107 1,364,998 Consumer 683,614 798,957 Gross loans 5,508,991 5,556,312 Net deferred fees and costs (281) (846) Total loans, net of deferred fees and costs 5,508,710 5,555,466 Less: ACL for loans 64,517 63,738 Total loans, net of ACL for loans $ 5,444,193 $ 5,491,728
Financing Receivable, Purchased With Credit Deterioration	The following tables present loans purchased by class for the periods presented. No loan portfolios were purchased during the three months ended September 30, 2023. Three Months Ended September 30, 2022 (dollars in thousands) U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Purchases: Outstanding balance $ 90,461 $ — $ 90,461 (Discount) premium (3,976) — (3,976) Purchase price $ 86,485 $ — $ 86,485 Nine Months Ended September 30, 2023 Nine Months Ended September 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 $ 195,227 $ 64,890 $ 260,117 (Discount) premium — 568 568 (11,386) 3,457 (7,929) Purchase price $ 3,932 $ 15,727 $ 19,659 $ 183,841 $ 68,347 $ 252,188
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 as of the dates presented: (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual September 30, 2023 Commercial and industrial: SBA PPP $ 351 $ 66 $ — $ — $ 417 $ 993 $ 1,410 $ — Other — 1 — 352 353 562,043 562,396 — Real estate: Construction — — — — — 211,512 211,512 — Residential mortgage 1,852 136 794 4,949 7,731 1,923,009 1,930,740 4,808 Home equity 1,183 740 — 677 2,600 751,380 753,980 677 Commercial mortgage 319 — — 77 396 1,365,031 1,365,427 77 Consumer 5,358 2,151 2,120 597 10,226 673,019 683,245 — Total $ 9,063 $ 3,094 $ 2,914 $ 6,652 $ 21,723 $ 5,486,987 $ 5,508,710 $ 5,562 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual December 31, 2022 Commercial and industrial: 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 the dates presented: (dollars in thousands) Secured by Secured by Secured by Total Allocated September 30, 2023 Real estate: Residential mortgage $ 6,375 $ — $ — $ 6,375 $ 48 Home equity 677 — — 677 — Commercial mortgage 77 — 77 — Total $ 7,129 $ — $ — $ 7,129 $ 48 (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 — Commercial mortgage — — — — — 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 the dates presented. Revolving loans converted to term as of and during the periods presented were not material to the total loan portfolio. In addition, the following table includes gross charge-offs of loans by origination year during the period presented. (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans September 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial - SBA PPP: Risk Rating Pass $ — $ — $ 1,404 $ 6 $ — $ — $ — $ 1,410 Subtotal — — 1,404 6 — — — 1,410 Commercial and industrial - Other: Risk Rating Pass 66,786 85,349 81,606 34,488 44,104 159,453 79,108 550,894 Special Mention — 156 602 231 13 — 225 1,227 Substandard 59 1,136 634 709 681 7,056 — 10,275 Subtotal 66,845 86,641 82,842 35,428 44,798 166,509 79,333 562,396 Construction: Risk Rating Pass 6,755 62,037 76,251 17,640 1,481 31,312 14,958 210,434 Special Mention — — 407 — 671 — — 1,078 Substandard — — — — — — — — Subtotal 6,755 62,037 76,658 17,640 2,152 31,312 14,958 211,512 Residential mortgage: Risk Rating Pass 70,141 270,464 619,243 419,296 146,258 398,387 — 1,923,789 Special Mention — — — — — 278 — 278 Substandard — 1,058 303 931 822 3,559 — 6,673 Subtotal 70,141 271,522 619,546 420,227 147,080 402,224 — 1,930,740 Home equity: Risk Rating Pass 12,238 32,866 20,638 9,024 6,570 18,065 653,902 753,303 Special Mention — — — — — — — — Substandard — — — — 73 604 — 677 Subtotal 12,238 32,866 20,638 9,024 6,643 18,669 653,902 753,980 Commercial mortgage: Risk Rating Pass 39,792 238,538 203,902 117,186 113,143 607,898 7,729 1,328,188 Special Mention — — — — 10,732 11,065 — 21,797 Substandard — — 11,607 — 1,666 2,169 — 15,442 Subtotal 39,792 238,538 215,509 117,186 125,541 621,132 7,729 1,365,427 Consumer: Risk Rating Pass 85,466 288,029 161,075 41,288 32,563 13,401 58,706 680,528 Special Mention — — — — — — — — Substandard 10 167 129 133 124 1,303 10 1,876 Loss — — — — — 841 — 841 Subtotal 85,476 288,196 161,204 41,421 32,687 15,545 58,716 683,245 Total $ 281,247 $ 979,800 $ 1,177,801 $ 640,932 $ 358,901 $ 1,255,391 $ 814,638 $ 5,508,710 (dollars in thousands) Gross Charge-Offs by Year of Origination Nine Months Ended September 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial: Other $ 143 $ 239 $ 145 $ — $ 265 $ 751 $ 1,543 Consumer 4 4,988 4,158 871 627 621 11,269 Year-to-date gross charge-offs $ 147 $ 5,227 $ 4,303 $ 871 $ 892 $ 1,372 $ 12,812 (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 and industrial - SBA PPP: Risk Rating Pass $ — $ 2,546 $ 9 $ — $ — $ — $ — $ 2,555 Subtotal — 2,546 9 — — — — 2,555 Commercial and industrial - 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 Special Mention — — — — — — — — 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 Subtotal 226,137 218,379 119,531 143,038 148,065 496,452 11,473 1,363,075 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 EXPOSURES (Tables)	9 Months Ended
	Sep. 30, 2023
ALLOWANCE FOR LOAN AND LEASE LOSSES
Schedule of activity in the allowance, by class	The following tables present by class, the activities in the ACL for loans during the periods presented: (dollars in thousands) Commercial and Industrial Real Estate Three Months Ended September 30, 2023 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 1 $ 6,945 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849 Provision (credit) for credit losses on loans (1) (329) 953 1,727 (913) 1,738 1,351 4,526 Subtotal — 6,616 4,607 13,960 3,052 19,103 21,037 68,375 Charge-offs — 402 — — — — 4,710 5,112 Recoveries — 261 1 10 — — 982 1,254 Net charge-offs (recoveries) — 141 (1) (10) — — 3,728 3,858 Ending balance $ — $ 6,475 $ 4,608 $ 13,970 $ 3,052 $ 19,103 $ 17,309 $ 64,517 (dollars in thousands) Commercial and Industrial Real Estate Three Months Ended September 30, 2022 SBA PPP Other Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 15 $ 7,725 $ 3,065 $ 12,767 $ 4,045 $ 17,858 $ 19,736 $ 65,211 Provision (credit) for credit losses on loans (11) (483) (452) (1,150) (157) (28) 3,012 731 Subtotal 4 7,242 2,613 11,617 3,888 17,830 22,748 65,942 Charge-offs — 550 — — — — 1,912 2,462 Recoveries — 220 14 14 36 — 618 902 Net charge-offs (recoveries) — 330 (14) (14) (36) — 1,294 1,560 Ending balance $ 4 $ 6,912 $ 2,627 $ 11,631 $ 3,924 $ 17,830 $ 21,454 $ 64,382 (dollars in thousands) Commercial and Industrial Real Estate Nine Months Ended September 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 (2) 560 1,740 2,096 (1,077) 1,201 5,758 10,276 Subtotal — 7,382 4,607 13,900 3,037 19,103 25,985 74,014 Charge-offs — 1,543 — — — — 11,269 12,812 Recoveries — 636 1 70 15 — 2,593 3,315 Net charge-offs (recoveries) — 907 (1) (70) (15) — 8,676 9,497 Ending balance $ — $ 6,475 $ 4,608 $ 13,970 $ 3,052 $ 19,103 $ 17,309 $ 64,517 (dollars in thousands) Commercial and Industrial Real Estate Nine Months Ended September 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 (73) (2,896) (1,357) (994) (621) (581) 5,778 (744) Subtotal 4 7,418 2,551 11,469 3,888 17,830 24,193 67,353 Charge-offs — 1,291 — — — — 4,518 5,809 Recoveries — 785 76 162 36 — 1,779 2,838 Net charge-offs (recoveries) — 506 (76) (162) (36) — 2,739 2,971 Ending balance $ 4 $ 6,912 $ 2,627 $ 11,631 $ 3,924 $ 17,830 $ 21,454 $ 64,382
Schedule of Credit Losses Related to Impaired Financing Receivables	The following table presents the activities in the reserve for off-balance sheet credit exposures, included in other liabilities, during the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 3,664 $ 4,073 $ 3,243 $ 4,804 Provision (credit) for off-balance sheet credit exposures 348 (369) 769 (1,100) Ending balance $ 4,012 $ 3,704 $ 4,012 $ 3,704

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	9 Months Ended
	Sep. 30, 2023
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Schedule of investment in unconsolidated subsidiaries	The following table presents the components of the Company's investments in unconsolidated entities as of the dates presented: (dollars in thousands) September 30, 2023 December 31, 2022 Investments in low income housing tax credit partnerships, net of amortization $ 38,797 $ 40,939 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 129 110 Other 2,050 4,045 Total $ 42,523 $ 46,641 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Proportional amortization method: Amortization expense recognized in income tax expense $ 714 $ 606 $ 2,142 $ 1,820 Tax credits recognized in income tax expense 891 709 2,675 2,127
Other Commitments	The following table presents the expected payments for the unfunded commitments of LIHTC and other partnerships as of September 30, 2023, for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, LIHTC Other Total 2023 (remainder) $ 9,693 $ 983 $ 10,676 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 $ 983 $ 24,589

MORTGAGE SERVICING RIGHTS (Tabl

MORTGAGE SERVICING RIGHTS (Tables)	9 Months Ended
	Sep. 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 ("MSR") for the periods presented: (dollars in thousands) Balance at December 31, 2022 $ 9,074 Additions 261 Amortization (538) Balance at September 30, 2023 $ 8,797 Balance at December 31, 2021 $ 9,738 Additions 593 Amortization (1,115) Balance at September 30, 2022 $ 9,216 The following table presents carrying values and accumulated amortization related to MSR as of the dates presented: September 30, 2023 December 31, 2022 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 69,674 $ (60,877) $ 8,797 $ 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 table presents the fair market value and key assumptions used in determining the fair market value of MSR: (dollars in thousands) September 30, 2023 September 30, 2022 Fair market value, beginning of year $ 12,061 $ 10,504 Fair market value, end of period 12,840 12,289 Weighted average discount rate 9.5 % 9.5 % Weighted average prepayment speed assumption 10.8 % 9.9 %
Schedule of estimated amortization expense	The following table presents the estimated amortization expense for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter, based on MSR held as of September 30, 2023: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 185 2024 848 2025 784 2026 709 2027 640 2028 569 Thereafter 5,062 Total $ 8,797

DERIVATIVES (Tables)

DERIVATIVES (Tables)	9 Months Ended
	Sep. 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 as of the dates presented: Derivative Financial Instruments Not Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location September 30, December 31, September 30, December 31, Interest rate lock and forward sale commitments Other assets / other liabilities $ — $ 10 $ — $ 2 Back-to-back swap agreements Other assets / other liabilities 5,043 4,611 5,043 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 September 30, December 31, September 30, December 31, Interest rate swap Other assets / other liabilities $ 10,135 $ 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 presented: Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended September 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 36 Three Months Ended September 30, 2022 Interest rate lock and forward sale commitments Mortgage banking income 55 Loans held for sale Other income (66) Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Nine Months Ended September 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income $ (8) Loans held for sale Other income 3 Back-to-back swap agreements Other service charges and fees 71 Nine Months Ended September 30, 2022 Interest rate lock and forward sale commitments Mortgage banking income 55 Loans held for sale Other income (67) Risk participation agreements Other service charges and fees 16 Derivative Financial Instruments Location of Loss Amount of Loss (dollars in thousands) Three Months Ended September 30, 2023 Interest rate swap Interest income $ (121) Three Months Ended September 30, 2022 Interest rate swap Interest income (169) Derivative Financial Instruments Location of Loss Amount of Loss (dollars in thousands) Nine Months Ended September 30, 2023 Interest rate swap Interest income $ (180) Nine Months Ended September 30, 2022 Interest rate swap Interest income (326)

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Subordinated Borrowing	The following table present's the Company's junior subordinated debentures outstanding, which are recorded in long-term debt on the Company's consolidated balance sheets as of the dates presented: (dollars in thousands) Name of Trust September 30, 2023 Interest Rate December 31, 2022 Interest Rate Trust IV $ 30,928 Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 2.45% $ 30,928 Three-month LIBOR + 2.45% Trust V 20,619 Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 1.87% 20,619 Three-month LIBOR + 1.87% Total $ 51,547 $ 51,547
Schedule of Long-term Debt Instruments	The following table presents the Company's subordinated notes outstanding as of the dates presented: (dollars in thousands) Description September 30, 2023 December 31, 2022 Interest Rate October 2020 Private Placement $ 55,000 $ 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)	9 Months Ended
	Sep. 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 periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Other operating income: In-scope of ASC 606 Mortgage banking income $ 216 $ 155 $ 541 $ 890 Service charges on deposit accounts 2,193 2,138 6,441 6,025 Other service charges and fees 4,874 4,377 13,655 12,329 Income on fiduciary activities 1,234 1,165 3,623 3,507 In-scope other operating income 8,517 7,835 24,260 22,751 Out-of-scope other operating income 1,530 1,794 7,231 13,567 Total other operating income $ 10,047 $ 9,629 $ 31,491 $ 36,318

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 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 nine months ended September 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 115,992 22.76 Forfeited (51,760) 25.07 Vested (188,091) 20.89 $ 3,893 Non-vested RSUs and PSUs, end of period 228,606 24.76

PENSION AND SUPPLEMENTAL EXEC_2

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Tables)	9 Months Ended
	Sep. 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 presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Interest cost $ 112 $ 75 $ 336 $ 225 Amortization of net actuarial (gain) loss (19) 20 (57) 62 Amortization of net transition obligation 2 5 6 13 Net periodic benefit cost $ 95 $ 100 $ 285 $ 300 The following table presents the components of net periodic benefit cost for the defined benefit retirement plan for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Interest cost $ — $ — $ — $ 212 Expected return on plan assets — — — (207) Amortization of net actuarial loss — — — 224 Settlement — — — 4,884 Net periodic benefit cost $ — $ — $ — $ 5,113

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Lease, Cost	The following table presents total lease cost, cash flow information, weighted-average remaining lease term and weighted-average discount rate for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Lease cost: Operating lease cost $ 1,285 $ 1,368 $ 3,937 $ 4,144 Variable lease cost 918 769 2,740 2,433 Less: Sublease income — (12) (34) (36) Total lease cost $ 2,203 $ 2,125 $ 6,643 $ 6,541 Other information: Operating cash flows from operating leases $ (1,258) $ (1,464) $ (3,950) $ (4,485) Weighted-average remaining lease term - operating leases 10.85 years 11.32 years 10.85 years 11.32 years Weighted-average discount rate - operating leases 3.96 % 3.94 % 3.96 % 3.94 %
Lessee, Operating Lease, Liability, Maturity	The following table presents a schedule of annual undiscounted cash flows for our operating leases and a reconciliation of those cash flows to the operating lease liabilities as of September 30, 2023, 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) $ 1,176 $ 324 $ 852 2024 4,467 1,210 3,257 2025 4,181 1,085 3,096 2026 4,118 965 3,153 2027 4,108 840 3,268 2028 3,509 723 2,786 Thereafter 19,682 2,908 16,774 Total $ 41,241 $ 8,055 $ 33,186
Operating Lease, Lease Income	The following table presents lease income related to these leases that was recognized for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2023 2022 2023 2022 Total rental income recognized $ 497 $ 398 $ 1,622 $ 1,727
Lessor, Operating Lease, Payments to be Received, Maturity	The following table presents estimated lease payments, based on the Company's leases as lessor as of September 30, 2023, for the remainder of fiscal year 2023, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, 2023 (remainder) $ 358 2024 1,234 2025 1,114 2026 968 2027 913 2028 561 Thereafter 1,839 Total $ 6,987

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 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 periods presented: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2023 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (24,729) $ (6,569) $ (18,160) Less: Reclassification adjustments from AOCI realized in net income 135 36 99 Less: Amortization of unrealized losses on investment securities transferred to HTM 2,026 538 1,488 Net change in fair value of investment securities (22,568) (5,995) (16,573) Net change in fair value of derivatives: Net unrealized gains arising during the period 3,151 838 2,313 Net change in fair value of derivatives 3,151 838 2,313 SERPs: Amortization of net actuarial gain (19) (7) (12) Amortization of net transition obligation 2 2 — SERPs (17) (5) (12) Other comprehensive loss $ (19,434) $ (5,162) $ (14,272) (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended September 30, 2022 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (37,854) $ (10,122) $ (27,732) Less: Amortization of unrealized losses on investment securities transferred to HTM 2,319 620 1,699 Net change in fair value of investment securities (35,535) (9,502) (26,033) Net change in fair value of derivatives: Net unrealized gains arising during the period $ 4,360 $ 1,166 $ 3,194 Net change in fair value of derivatives 4,360 1,166 3,194 SERPs: Amortization of net actuarial loss 20 5 15 Amortization of net transition obligation 5 2 3 SERPs 25 7 18 Other comprehensive loss $ (31,150) $ (8,329) $ (22,821) (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2023 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (17,675) $ (4,696) $ (12,979) Less: Reclassification adjustments from AOCI realized in net income 135 36 99 Less: Amortization of unrealized losses on investment securities transferred to HTM 5,670 1,506 4,164 Net change in fair value of investment securities (11,870) (3,154) (8,716) Net change in fair value of derivatives: Net unrealized gains arising during the period 4,329 1,139 3,190 Net change in fair value of derivatives 4,329 1,139 3,190 SERPs: Amortization of net actuarial gain (58) (17) (41) Amortization of net transition obligation 6 2 4 SERPs (52) (15) (37) Other comprehensive loss $ (7,593) $ (2,030) $ (5,563) (dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2022 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (207,930) $ (55,598) $ (152,332) Less: Amortization of unrealized losses on investment securities transferred to HTM 4,295 1,148 3,147 Net change in fair value of investment securities (203,635) (54,450) (149,185) Net change in fair value of derivatives: Net unrealized gains arising during the period $ 7,240 $ 1,936 $ 5,304 Net change in fair value of derivatives 7,240 1,936 5,304 Defined benefit retirement plan and SERPs: [1] Net actuarial losses arising during the period (952) (255) (697) Amortization of net actuarial loss 284 76 208 Amortization of net transition obligation 14 4 10 Settlement 4,884 1,817 3,067 Defined benefit retirement plan and SERPs 4,230 1,642 2,588 Other comprehensive loss $ (192,165) $ (50,872) $ (141,293) [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 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, for the periods presented: (dollars in thousands) Investment Securities Derivatives SERPs AOCI Three Months Ended September 30, 2023 Balance at beginning of period $ (141,252) $ 5,522 $ 455 $ (135,275) Other comprehensive income (loss) before reclassifications (18,160) 2,313 — (15,847) Reclassification adjustments from AOCI 1,587 — (12) 1,575 Total other comprehensive income (loss) (16,573) 2,313 (12) (14,272) Balance at end of period $ (157,825) $ 7,835 $ 443 $ (149,547) (dollars in thousands) Investment Securities Derivatives SERPs AOCI Three Months Ended September 30, 2022 Balance at beginning of period $ (126,818) $ 2,110 $ (1,724) $ (126,432) Other comprehensive income (loss) before reclassifications (27,732) 3,194 — (24,538) Reclassification adjustments from AOCI 1,699 — 18 1,717 Total other comprehensive income (loss) (26,033) 3,194 18 (22,821) Balance at end of period $ (152,851) $ 5,304 $ (1,706) $ (149,253) (dollars in thousands) Investment Securities Derivatives SERPs AOCI Nine Months Ended September 30, 2023 Balance at beginning of period $ (149,109) $ 4,645 $ 480 $ (143,984) Other comprehensive income (loss) before reclassifications (12,979) 3,190 — (9,789) Reclassification adjustments from AOCI 4,263 — (37) 4,226 Total other comprehensive income (loss) (8,716) 3,190 (37) (5,563) Balance at end of period $ (157,825) $ 7,835 $ 443 $ (149,547) (dollars in thousands) Investment Securities Derivatives Defined Benefit Retirement Plan and SERPs [1] AOCI Nine Months Ended September 30, 2022 Balance at beginning of period $ (3,666) $ — $ (4,294) $ (7,960) Other comprehensive income (loss) before reclassifications (152,332) 5,304 (697) (147,725) Reclassification adjustments from AOCI 3,147 — 3,285 6,432 Total other comprehensive income (loss) (149,185) 5,304 2,588 (141,293) Balance at end of period $ (152,851) $ 5,304 $ (1,706) $ (149,253) [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 periods presented: Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Three Months Ended September 30, Details about AOCI Components 2023 2022 Sale of AFS investment securities: Realized loss on sale of AFS investment securities $ (135) $ — Net loss on sale of investment securities Tax effect 36 — Income tax benefit Net of tax (99) — Amortization of unrealized losses on investment securities transferred to HTM: Amortization (2,026) (2,319) Interest and dividends on investment securities Tax effect 538 620 Income tax benefit Net of tax (1,488) (1,699) SERPs: Amortization of net actuarial gain (loss) 19 (20) Other operating expense - other Amortization of net transition obligation (2) (5) Other operating expense - other Total before tax 17 (25) Tax effect (5) 7 Income tax (expense) benefit Net of tax 12 (18) Total reclassification adjustments from AOCI for the period, net of tax $ (1,575) $ (1,717) Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Nine Months Ended September 30, Details about AOCI Components 2023 2022 Sale of AFS investment securities: Realized loss on sale of AFS investment securities $ (135) $ — Net loss on sale of investment securities Tax effect 36 — Income tax benefit Net of tax $ (99) $ — Amortization of unrealized losses on investment securities transferred to HTM: Amortization (5,670) (4,295) Interest and dividends on investment securities Tax effect 1,506 1,148 Income tax benefit Net of tax (4,164) (3,147) Defined benefit retirement plan and SERPs: [1] Amortization of net actuarial gain (loss) 58 (284) Other operating expense - other Amortization of net transition obligation (6) (14) Other operating expense - other Settlement — (4,884) Other operating expense - other Total before tax 52 (5,182) Tax effect (15) 1,897 Income tax (expense) benefit Net of tax 37 (3,285) Total reclassification adjustments from AOCI for the period, net of tax $ (4,226) $ (6,432) [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.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 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 presented: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands, except per share data) 2023 2022 2023 2022 Net income $ 13,141 $ 16,715 $ 43,803 $ 53,747 Weighted average common shares outstanding - basic 27,042,762 27,356,614 27,022,141 27,487,237 Dilutive effect of employee stock options and awards 36,722 144,598 59,400 178,960 Weighted average common shares outstanding - diluted 27,079,484 27,501,212 27,081,541 27,666,197 Basic earnings per share $ 0.49 $ 0.61 $ 1.62 $ 1.96 Diluted earnings per share $ 0.49 $ 0.61 $ 1.62 $ 1.94 Anti-dilutive employee stock options and awards 23,830 8,495 24,281 4,092

FAIR VALUE OF FINANCIAL ASSET_2

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 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 September 30, 2023 Financial assets: Cash and due from financial institutions $ 108,818 $ 108,818 $ 108,818 $ — $ — Interest-bearing deposits in other financial institutions 329,913 329,913 329,913 — — Investment securities 1,265,306 1,157,140 — 1,150,106 7,034 Loans, net of ACL 5,444,193 4,977,934 — — 4,977,934 Accrued interest receivable 21,529 21,529 21,529 — — Financial liabilities: Deposits: Noninterest-bearing demand 1,969,523 1,969,523 1,969,523 — — Interest-bearing demand and savings and money market 3,555,393 3,555,393 3,555,393 — — Time 1,349,829 1,336,148 — — 1,336,148 Long-term debt 156,041 138,733 — — 138,733 Accrued interest payable (included in other liabilities) 16,752 16,752 16,752 — — Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant September 30, 2023 Off-balance sheet financial instruments: Commitments to extend credit $ 1,331,239 $ — $ 1,299 $ — $ 1,299 $ — Standby letters of credit and financial guarantees written 3,262 — 49 — 49 — Derivatives: Risk participation agreements 36,227 — — — — — Back-to-back swap agreements: Assets 35,262 5,043 5,043 — — 5,043 Liabilities (35,262) (5,043) (5,043) — — (5,043) Interest rate swap agreements 115,545 10,135 10,135 — — 10,135 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 Short-term borrowings 5,000 5,000 — 5,000 — 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 financial assets and liabilities measured on a recurring basis as of the dates presented: Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant September 30, 2023 Available-for-sale securities: Debt securities: States and political subdivisions $ 124,977 $ — $ 118,614 $ 6,363 Corporate securities 30,020 — 30,020 — U.S. Treasury obligations and direct obligations of U.S. Government agencies 21,492 — 21,492 — Mortgage-backed securities: Residential - U.S. Government-sponsored enterprises 378,872 — 378,872 — Residential - Non-government agencies 12,079 — 11,408 671 Commercial - U.S. Government-sponsored enterprises 43,048 — 43,048 — Commercial - Non-government agencies 14,765 — 14,765 — Total available-for-sale investment securities 625,253 — 618,219 7,034 Derivatives: Interest rate swap agreements 10,135 — — 10,135 Total derivatives 10,135 — — 10,135 Total $ 635,388 $ — $ 618,219 $ 17,169 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 enterprises 423,803 — 423,803 — Residential - Non-government agencies 8,662 — 7,978 684 Commercial - U.S. Government-sponsored enterprises 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 following table presents changes in Level 3 financial assets and liabilities measured at fair value on a recurring basis for the periods presented: 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 (172) (17) — (189) Unrealized net gain (loss) included in other comprehensive income (49) 4 4,149 4,104 Balance at September 30, 2023 $ 6,363 $ 671 $ 10,135 $ 17,169 Balance at December 31, 2021 $ 7,681 $ 938 $ — $ 8,619 Principal payments received (157) (17) — (174) Unrealized net gain (loss) included in other comprehensive income (842) (186) 6,966 5,938 Additions — — (50) (50) Balance at September 30, 2022 $ 6,682 $ 735 $ 6,916 $ 14,333

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	$ 640,053	$ 664,883
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(108,166)	(68,103)
Fair Value	531,887	596,780	$ 673,200
ACL	0	0
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	772,369	801,370
Gross Unrealized Gains	5	6
Gross Unrealized Losses	(147,121)	(129,582)
Fair Value	625,253	671,794
ACL	0	0
States and political subdivisions
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	41,930	41,840
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(9,892)	(4,727)
Fair Value	32,038	37,113
ACL	0	0
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	164,527	172,427
Gross Unrealized Gains	0	6
Gross Unrealized Losses	(39,550)	(36,681)
Fair Value	124,977	135,752
ACL	0	0
Residential - U.S. Government-sponsored enterprises
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	598,123	623,043
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(98,274)	(63,376)
Fair Value	499,849	559,667
ACL	0	0
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	467,300	498,989
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(88,428)	(75,186)
Fair Value	378,872	423,803
ACL	0	0
Corporate securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	35,850	36,206
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(5,830)	(5,995)
Fair Value	30,020	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	23,812	28,032
Gross Unrealized Gains	5	0
Gross Unrealized Losses	(2,325)	(2,317)
Fair Value	21,492	25,715
ACL	0	0
Residential - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	13,536	9,829
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,457)	(1,167)
Fair Value	12,079	8,662
ACL	0	0
Commercial - U.S. Government-sponsored enterprises
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	52,263	54,346
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(9,215)	(8,202)
Fair Value	43,048	46,144
ACL	0	0
Commercial - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	15,081	1,541
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(316)	(34)
Fair Value	14,765	1,507
ACL	$ 0	$ 0

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($) shares	Sep. 30, 2023 USD ($) security	Sep. 30, 2022 USD ($) investment shares	Dec. 31, 2022 USD ($)
EQUITY
Investment securities classified from available-for-sale to held-to-maturity | investment				81
Investment securities, amortized cost basis				$ 762,700
Held to maturity debt securities, fair value	$ 531,887	$ 673,200	$ 531,887	673,200	$ 596,780
Net unrealized loss from transfer of securities				89,500
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value			$ 3,644	$ 4,295
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable		Accrued interest receivable
Available for sale accrued interest receivable	$ 3,100		$ 3,100		3,100
Accrued interest receivable on HTM debt securities	1,200		1,200		1,300
Fair Value	625,253		625,253		671,794
Net proceeds	405,439		$ 405,439		408,071
Common Class B | Visa
EQUITY
Shares owned (in shares) | shares		34,631		34,631
Net proceeds		$ 8,500		$ 8,500
Commercial - Non-government agencies
EQUITY
Number of AFS securities sold | security			2
Cost basis of AFS securities sold			$ 1,500
Gain (loss) on sale of AFS securities			(100)
Fair Value	14,765		14,765		1,507
Collateralized Mortgage-Backed Securities | Asset Pledged as Collateral without Right
EQUITY
Fair Value	974,400		974,400		$ 607,700
Net unrealized gains on investment securities
EQUITY
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value	$ (2,026)	$ (2,319)	$ (5,670)	$ (4,295)

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 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	41,930
Amortized Cost	640,053	$ 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	32,038
Total held-to-maturity securities	$ 531,887	596,780	$ 673,200
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	1.93%
Amortized Cost
Due in one year or less	$ 4,496
Due after one year through five years	38,959
Due after five years through ten years	49,724
Due after ten years	131,010
Amortized Cost	772,369	801,370
Fair Value
Due in one year or less	4,470
Due after one year through five years	34,892
Due after five years through ten years	43,695
Due after ten years	93,432
Fair Value	$ 625,253	671,794
Weighted Average Yield
Due in one year or less (in percent)	3.15%
Due after one year through five years (in percent)	2.94%
Due after five years through ten years (in percent)	2.99%
Due after ten years (in percent)	2.54%
Weighted Average Yield	2.35%
Residential - U.S. Government-sponsored enterprises
Amortized Cost
Without single maturity date	$ 598,123
Amortized Cost	598,123	623,043
Fair Value
Without single maturity date	499,849
Total held-to-maturity securities	$ 499,849	559,667
Weighted Average Yield
Without single maturity date (in percent)	1.91%
Amortized Cost
Without single maturity date	$ 467,300
Amortized Cost	467,300	498,989
Fair Value
Without single maturity date	378,872
Fair Value	$ 378,872	423,803
Weighted Average Yield
Without single maturity date (in percent)	2.01%
Residential - Non-government agencies
Amortized Cost
Without single maturity date	$ 13,536
Amortized Cost	13,536	9,829
Fair Value
Without single maturity date	12,079
Fair Value	$ 12,079	8,662
Weighted Average Yield
Without single maturity date (in percent)	3.86%
Commercial - U.S. Government-sponsored enterprises
Amortized Cost
Without single maturity date	$ 52,263
Amortized Cost	52,263	54,346
Fair Value
Without single maturity date	43,048
Fair Value	$ 43,048	46,144
Weighted Average Yield
Without single maturity date (in percent)	2.29%
Commercial - Non-government agencies
Amortized Cost
Without single maturity date	$ 15,081
Amortized Cost	15,081	1,541
Fair Value
Without single maturity date	14,765
Fair Value	$ 14,765	$ 1,507
Weighted Average Yield
Without single maturity date (in percent)	5.10%

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) $ in Thousands	Sep. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Investments, Debt and Equity Securities [Abstract]
Number of HTM investment securities in an unrealized loss position | security	83
Number of AFS investment securities in an unrealized loss position | security	245	243
Schedule of Held-to-Maturity Securities [Line Items]
Less Than 12 Months, Fair Value	$ 17,533	$ 596,780
Less Than 12 Months, Unrecognized Losses	(469)	(68,103)
12 Month or Longer, Fair Value	514,354	0
12 Month or Longer, Unrecognized Losses	(107,697)	0
Total Fair Value	531,887	596,780
Total Unrecognized Losses	(108,166)	(68,103)
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	39,665	240,949
Less Than 12 Months, Unrecognized Losses	(1,306)	(21,134)
12 Month or Longer, Fair Value	584,408	425,202
12 Month or Longer, Unrecognized Losses	(145,815)	(108,448)
Total Fair Value	624,073	666,151
Total Unrecognized Losses	147,121	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	32,038	0
12 Month or Longer, Unrecognized Losses	(9,892)	0
Total Fair Value	32,038	37,113
Total Unrecognized Losses	(9,892)	(4,727)
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	13,958	52,244
Less Than 12 Months, Unrecognized Losses	(393)	(4,807)
12 Month or Longer, Fair Value	111,019	78,389
12 Month or Longer, Unrecognized Losses	(39,157)	(31,874)
Total Fair Value	124,977	130,633
Total Unrecognized Losses	39,550	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	30,019	30,211
12 Month or Longer, Unrecognized Losses	(5,830)	(5,995)
Total Fair Value	30,019	30,211
Total Unrecognized Losses	5,830	5,995
Residential - U.S. Government-sponsored enterprises
Schedule of Held-to-Maturity Securities [Line Items]
Less Than 12 Months, Fair Value	17,533	559,667
Less Than 12 Months, Unrecognized Losses	(469)	(63,376)
12 Month or Longer, Fair Value	482,316	0
12 Month or Longer, Unrecognized Losses	(97,805)	0
Total Fair Value	499,849	559,667
Total Unrecognized Losses	(98,274)	(63,376)
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	0	149,624
Less Than 12 Months, Unrecognized Losses	0	(13,990)
12 Month or Longer, Fair Value	378,873	274,179
12 Month or Longer, Unrecognized Losses	(88,428)	(61,196)
Total Fair Value	378,873	423,803
Total Unrecognized Losses	88,428	75,186
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	4,236	9,651
Less Than 12 Months, Unrecognized Losses	(110)	(245)
12 Month or Longer, Fair Value	16,076	15,541
12 Month or Longer, Unrecognized Losses	(2,215)	(2,072)
Total Fair Value	20,312	25,192
Total Unrecognized Losses	2,325	2,317
Residential - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	6,706	2,890
Less Than 12 Months, Unrecognized Losses	(487)	(334)
12 Month or Longer, Fair Value	5,373	5,772
12 Month or Longer, Unrecognized Losses	(970)	(833)
Total Fair Value	12,079	8,662
Total Unrecognized Losses	1,457	1,167
Commercial - U.S. Government-sponsored enterprises
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	43,048	21,110
12 Month or Longer, Unrecognized Losses	(9,215)	(6,478)
Total Fair Value	43,048	46,144
Total Unrecognized Losses	9,215	8,202
Commercial - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	14,765	1,506
Less Than 12 Months, Unrecognized Losses	(316)	(34)
12 Month or Longer, Fair Value	0	0
12 Month or Longer, Unrecognized Losses	0	0
Total Fair Value	14,765	1,506
Total Unrecognized Losses	$ 316	$ 34

LOANS AND CREDIT QUALITY (Loans

LOANS AND CREDIT QUALITY (Loans and Leases) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
LOANS AND LEASES
Loans and leases, gross	$ 5,508,991	$ 5,556,312
Net deferred fees and costs	(281)	(846)
Total loans, net of deferred fees and costs	5,508,710	5,555,466
Less: ACL for loans	64,517	63,738
Loans, net of allowance for credit losses	5,444,193	5,491,728
Commercial and Industrial | SBA PPP
LOANS AND LEASES
Loans and leases, gross	1,447	2,654
Commercial and Industrial | Other
LOANS AND LEASES
Loans and leases, gross	562,716	544,495
Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross	212,052	167,366
Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross	751,932	737,386
Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross	1,930,123	1,940,456
Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross	1,367,107	1,364,998
Consumer | Consumer
LOANS AND LEASES
Loans and leases, gross	$ 683,614	$ 798,957

LOANS AND CREDIT QUALITY (Narra

LOANS AND CREDIT QUALITY (Narrative) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) loan segment property	Sep. 30, 2022 USD ($) segment property loan contract	Sep. 30, 2023 USD ($) loan property segment	Sep. 30, 2022 USD ($) contract loan segment property	Dec. 31, 2022 USD ($)
Recorded investment in the loans and leases, by class and credit indicator
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable		Accrued interest receivable
Financing receivable accrued interest receivable	$ 17,200,000		$ 17,200,000		$ 16,000,000
Number of loans transferred to held for sale category | loan	1
Net transfer of portfolio loans to loans held for sale	$ 9,800,000	$ 0		$ 0
Proceeds from sales of loans held for sale	9,600,000		$ 30,143,000	$ 73,763,000
Gain (loss) on sale of loans	$ (200,000)
Loans sold originally held for investment | loan		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	0	0
Commitments to lend	$ 0		$ 0		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	$ 2,100,000		$ 2,100,000		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			6
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	2,600,000		2,600,000		$ 2,400,000
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
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

LOANS AND CREDIT QUALITY (Purch

LOANS AND CREDIT QUALITY (Purchases) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	$ 90,461	$ 19,091	$ 260,117
(Discount) premium	(3,976)	568	(7,929)
Purchase price	86,485	19,659	252,188
U.S. Mainland Consumer - Unsecured
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	90,461	3,932	195,227
(Discount) premium	(3,976)	0	(11,386)
Purchase price	86,485	3,932	183,841
U.S. Mainland Consumer - Automobile
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	0	15,159	64,890
(Discount) premium	0	568	3,457
Purchase price	$ 0	$ 15,727	$ 68,347

LOANS AND CREDIT QUALITY (Aging

LOANS AND CREDIT QUALITY (Aging of Recorded Investment) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 5,508,710	$ 5,555,466
Nonaccrual Loans	6,652	5,251
Total Past Due and Nonaccrual	21,723	17,371
Nonaccrual Loans with No ACL	5,562	4,378
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	9,063	8,193
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	3,094	2,089
Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,914	1,838
Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	5,486,987	5,538,095
Commercial and Industrial | SBA PPP
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,410	2,555
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	417	521
Nonaccrual Loans with No ACL	0	0
Commercial and Industrial | SBA PPP | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	351	471
Commercial and Industrial | SBA PPP | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	66	37
Commercial and Industrial | SBA PPP | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	13
Commercial and Industrial | SBA PPP | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	993	2,034
Commercial and Industrial | Other
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	562,396	543,947
Nonaccrual Loans	352	297
Total Past Due and Nonaccrual	353	1,000
Nonaccrual Loans with No ACL	0	0
Commercial and Industrial | Other | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	546
Commercial and Industrial | Other | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1	131
Commercial and Industrial | Other | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	26
Commercial and Industrial | Other | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	562,043	542,947
Real Estate | Construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	211,512	166,723
Nonaccrual Loans	0	0
Total Past Due and Nonaccrual	0	0
Nonaccrual Loans with No ACL	0	0
Real Estate | Construction | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	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 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	211,512	166,723
Real Estate | Real estate, Mortgage - residential
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,930,740	1,940,999
Nonaccrual Loans	4,949	3,808
Total Past Due and Nonaccrual	7,731	4,670
Nonaccrual Loans with No ACL	4,808	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	1,852	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	136	0
Real Estate | Real estate, Mortgage - residential | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	794	559
Real Estate | Real estate, Mortgage - residential | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,923,009	1,936,329
Real Estate | Home Equity
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	753,980	739,380
Nonaccrual Loans	677	570
Total Past Due and Nonaccrual	2,600	2,110
Nonaccrual Loans with No ACL	677	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	1,183	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	740	0
Real Estate | Home Equity | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real Estate | Home Equity | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	751,380	737,270
Real Estate | Commercial mortgage
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,365,427	1,363,075
Nonaccrual Loans	77	0
Total Past Due and Nonaccrual	396	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	319	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 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	1,365,031	1,362,915
Consumer | Consumer Loan
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	683,245	798,787
Nonaccrual Loans	597	576
Total Past Due and Nonaccrual	10,226	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	5,358	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	2,151	1,921
Consumer | Consumer Loan | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,120	1,240
Consumer | Consumer Loan | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 673,019	$ 789,877

LOANS AND CREDIT QUALITY (Colla

LOANS AND CREDIT QUALITY (Collateral-Dependent Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 7,129	$ 6,223
Allocated ACL	48	0
Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	7,129	6,223
Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Residential Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	6,375	5,653
Allocated ACL	48	0
Real Estate | Residential Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	6,375	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	677	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	677	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	0
Allocated ACL	0	0
Real Estate | Commercial Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	77	0
Real Estate | Commercial Mortgage | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable		0
Real Estate | Commercial Mortgage | Secured by Real Estate and Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 0	$ 0

LOANS AND CREDIT QUALITY (Class

LOANS AND CREDIT QUALITY (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	$ 281,247	$ 1,004,473
Fiscal year before current fiscal year	979,800	1,293,071
Two years before current fiscal year	1,177,801	691,126
Three years before current fiscal year	640,932	414,136
Four years before current fiscal year	358,901	288,522
Five years before current fiscal year	1,255,391	1,063,474
Amortized Cost of Revolving Loans	814,638	800,664
Total	5,508,710	5,555,466
Loans and leases, gross	5,508,991	5,556,312
Net deferred costs (income)	(281)	(846)
Total loans, net of deferred fees and costs	5,508,710	5,555,466
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	147
Year-to-date gross charge-offs, fiscal year before current fiscal year	5,227
Year-to-date gross charge-offs, two years before current fiscal year	4,303
Year-to-date gross charge-offs, three years before current fiscal year	871
Year-to-date gross charge-offs, four years before current fiscal year	892
Year-to-date gross charge-offs, five years before current fiscal year	1,372
Year-to-date gross charge-offs, Total	12,812
Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	9,063	8,193
Commercial and Industrial | 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	1,404	9
Three years before current fiscal year	6	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	1,410	2,555
Loans and leases, gross	1,447	2,654
Commercial and Industrial | SBA PPP | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	351	471
Commercial and Industrial | 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	1,404	9
Three years before current fiscal year	6	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	1,410	2,555
Commercial and Industrial | Other
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	66,845	79,944
Fiscal year before current fiscal year	86,641	102,121
Two years before current fiscal year	82,842	42,363
Three years before current fiscal year	35,428	54,508
Four years before current fiscal year	44,798	39,251
Five years before current fiscal year	166,509	149,165
Amortized Cost of Revolving Loans	79,333	76,595
Total	562,396	543,947
Loans and leases, gross	562,716	544,495
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	143
Year-to-date gross charge-offs, fiscal year before current fiscal year	239
Year-to-date gross charge-offs, two years before current fiscal year	145
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	265
Year-to-date gross charge-offs, five years before current fiscal year	751
Year-to-date gross charge-offs, Total	1,543
Commercial and Industrial | Other | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	546
Commercial and Industrial | 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	156	350
Two years before current fiscal year	602	172
Three years before current fiscal year	231	1,011
Four years before current fiscal year	13	29
Five years before current fiscal year	0	0
Amortized Cost of Revolving Loans	225	99
Total	1,227	3,867
Commercial and Industrial | Other | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	59	188
Fiscal year before current fiscal year	1,136	176
Two years before current fiscal year	634	833
Three years before current fiscal year	709	256
Four years before current fiscal year	681	116
Five years before current fiscal year	7,056	7,215
Amortized Cost of Revolving Loans	0	30
Total	10,275	8,814
Commercial and Industrial | Other | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	66,786	77,550
Fiscal year before current fiscal year	85,349	101,595
Two years before current fiscal year	81,606	41,358
Three years before current fiscal year	34,488	53,241
Four years before current fiscal year	44,104	39,106
Five years before current fiscal year	159,453	141,950
Amortized Cost of Revolving Loans	79,108	76,466
Total	550,894	531,266
Real Estate | Construction
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	6,755	25,663
Fiscal year before current fiscal year	62,037	66,294
Two years before current fiscal year	76,658	23,384
Three years before current fiscal year	17,640	3,083
Four years before current fiscal year	2,152	15,207
Five years before current fiscal year	31,312	18,048
Amortized Cost of Revolving Loans	14,958	15,044
Total	211,512	166,723
Loans and leases, gross	212,052	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	0
Fiscal year before current fiscal year	0	417
Two years before current fiscal year	407	0
Three years before current fiscal year	0	0
Four years before current fiscal year	671	898
Five years before current fiscal year	0	0
Amortized Cost of Revolving Loans	0	0
Total	1,078	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	0	0
Three years before current fiscal year	0	696
Four years before current fiscal year	0	0
Five years before current fiscal year	0	0
Amortized Cost of Revolving Loans	0	0
Total	0	5,546
Real Estate | Construction | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	6,755	25,663
Fiscal year before current fiscal year	62,037	61,027
Two years before current fiscal year	76,251	23,384
Three years before current fiscal year	17,640	2,387
Four years before current fiscal year	1,481	14,309
Five years before current fiscal year	31,312	18,048
Amortized Cost of Revolving Loans	14,958	15,044
Total	210,434	159,862
Real Estate | Home Equity
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	12,238	34,973
Fiscal year before current fiscal year	32,866	23,772
Two years before current fiscal year	20,638	10,520
Three years before current fiscal year	9,024	7,463
Four years before current fiscal year	6,643	6,958
Five years before current fiscal year	18,669	12,180
Amortized Cost of Revolving Loans	653,902	643,514
Total	753,980	739,380
Loans and leases, gross	751,932	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	1,183	1,540
Real Estate | Home Equity | 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	0
Four years before current fiscal year	0	0
Five years before current fiscal year	0	0
Amortized Cost of Revolving Loans	0	198
Total	0	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	604	453
Amortized Cost of Revolving Loans	0	39
Total	677	570
Real Estate | Home Equity | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	12,238	34,973
Fiscal year before current fiscal year	32,866	23,772
Two years before current fiscal year	20,638	10,520
Three years before current fiscal year	9,024	7,463
Four years before current fiscal year	6,570	6,880
Five years before current fiscal year	18,065	11,727
Amortized Cost of Revolving Loans	653,902	643,277
Total	753,303	738,612
Real Estate | Commercial mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,365,427	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	319	160
Real Estate | Residential Mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	70,141	279,146
Fiscal year before current fiscal year	271,522	636,756
Two years before current fiscal year	619,546	435,876
Three years before current fiscal year	420,227	154,906
Four years before current fiscal year	147,080	58,934
Five years before current fiscal year	402,224	375,381
Amortized Cost of Revolving Loans	0	0
Total	1,930,740	1,940,999
Loans and leases, gross	1,930,123	1,940,456
Real Estate | Residential 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	0
Four years before current fiscal year	0	0
Five years before current fiscal year	278	0
Amortized Cost of Revolving Loans	0	0
Total	278	0
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	1,058	0
Two years before current fiscal year	303	948
Three years before current fiscal year	931	0
Four years before current fiscal year	822	503
Five years before current fiscal year	3,559	3,864
Amortized Cost of Revolving Loans	0	0
Total	6,673	5,315
Real Estate | Residential Mortgage | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	70,141	279,146
Fiscal year before current fiscal year	270,464	636,756
Two years before current fiscal year	619,243	434,928
Three years before current fiscal year	419,296	154,906
Four years before current fiscal year	146,258	58,431
Five years before current fiscal year	398,387	371,517
Amortized Cost of Revolving Loans	0	0
Total	1,923,789	1,935,684
Real Estate | Commercial Mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	39,792	226,137
Fiscal year before current fiscal year	238,538	218,379
Two years before current fiscal year	215,509	119,531
Three years before current fiscal year	117,186	143,038
Four years before current fiscal year	125,541	148,065
Five years before current fiscal year	621,132	496,452
Amortized Cost of Revolving Loans	7,729	11,473
Total	1,365,427	1,363,075
Loans and leases, gross	1,367,107	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	10,732	0
Five years before current fiscal year	11,065	16,082
Amortized Cost of Revolving Loans	0	0
Total	21,797	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	11,607	0
Three years before current fiscal year	0	1,700
Four years before current fiscal year	1,666	2,133
Five years before current fiscal year	2,169	8,103
Amortized Cost of Revolving Loans	0	0
Total	15,442	22,085
Real Estate | Commercial Mortgage | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	39,792	226,137
Fiscal year before current fiscal year	238,538	208,230
Two years before current fiscal year	203,902	119,531
Three years before current fiscal year	117,186	129,950
Four years before current fiscal year	113,143	145,932
Five years before current fiscal year	607,898	472,267
Amortized Cost of Revolving Loans	7,729	11,473
Total	1,328,188	1,313,520
Consumer | Consumer
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	85,476	358,610
Fiscal year before current fiscal year	288,196	243,203
Two years before current fiscal year	161,204	59,443
Three years before current fiscal year	41,421	51,138
Four years before current fiscal year	32,687	20,107
Five years before current fiscal year	15,545	12,248
Amortized Cost of Revolving Loans	58,716	54,038
Total	683,245	798,787
Loans and leases, gross	683,614	798,957
Consumer | Consumer | 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	113
Four years before current fiscal year	0	0
Five years before current fiscal year	0	0
Amortized Cost of Revolving Loans	0	0
Total	0	113
Consumer | Consumer | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	10	1
Fiscal year before current fiscal year	167	261
Two years before current fiscal year	129	91
Three years before current fiscal year	133	126
Four years before current fiscal year	124	42
Five years before current fiscal year	1,303	790
Amortized Cost of Revolving Loans	10	0
Total	1,876	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	841	500
Amortized Cost of Revolving Loans	0	0
Total	841	500
Consumer | Consumer | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	85,466	358,609
Fiscal year before current fiscal year	288,029	242,942
Two years before current fiscal year	161,075	59,352
Three years before current fiscal year	41,288	50,899
Four years before current fiscal year	32,563	20,065
Five years before current fiscal year	13,401	10,958
Amortized Cost of Revolving Loans	58,706	54,038
Total	680,528	796,863
Consumer | Consumer Loan
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	683,245	798,787
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	4
Year-to-date gross charge-offs, fiscal year before current fiscal year	4,988
Year-to-date gross charge-offs, two years before current fiscal year	4,158
Year-to-date gross charge-offs, three years before current fiscal year	871
Year-to-date gross charge-offs, four years before current fiscal year	627
Year-to-date gross charge-offs, five years before current fiscal year	621
Year-to-date gross charge-offs, Total	11,269
Consumer | Consumer Loan | Accruing Loans 30 - 59 Days Past Due
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	$ 5,358	$ 5,173

ALLOWANCE FOR CREDIT LOSSES A_3

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Changes in the allowance
Beginning balance	$ 63,849	$ 65,211	$ 63,738	$ 68,097
Provision (credit) for credit losses on loans	4,526	731	10,276	(744)
Subtotal	68,375	65,942	74,014	67,353
Charge-offs	5,112	2,462	12,812	5,809
Recoveries	1,254	902	3,315	2,838
Net charge-offs (recoveries)	3,858	1,560	9,497	2,971
Ending balance	64,517	64,382	64,517	64,382
Commercial and Industrial
Changes in the allowance
Beginning balance	1	15	2	77
Provision (credit) for credit losses on loans	(1)	(11)	(2)	(73)
Subtotal	0	4	0	4
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs (recoveries)	0	0	0	0
Ending balance	0	4	0	4
Other
Changes in the allowance
Beginning balance	6,945	7,725	6,822	10,314
Provision (credit) for credit losses on loans	(329)	(483)	560	(2,896)
Subtotal	6,616	7,242	7,382	7,418
Charge-offs	402	550	1,543	1,291
Recoveries	261	220	636	785
Net charge-offs (recoveries)	141	330	907	506
Ending balance	6,475	6,912	6,475	6,912
Construction | Real Estate
Changes in the allowance
Beginning balance	3,654	3,065	2,867	3,908
Provision (credit) for credit losses on loans	953	(452)	1,740	(1,357)
Subtotal	4,607	2,613	4,607	2,551
Charge-offs	0	0	0	0
Recoveries	1	14	1	76
Net charge-offs (recoveries)	(1)	(14)	(1)	(76)
Ending balance	4,608	2,627	4,608	2,627
Residential Mortgage | Real Estate
Changes in the allowance
Beginning balance	12,233	12,767	11,804	12,463
Provision (credit) for credit losses on loans	1,727	(1,150)	2,096	(994)
Subtotal	13,960	11,617	13,900	11,469
Charge-offs	0	0	0	0
Recoveries	10	14	70	162
Net charge-offs (recoveries)	(10)	(14)	(70)	(162)
Ending balance	13,970	11,631	13,970	11,631
Home Equity | Real Estate
Changes in the allowance
Beginning balance	3,965	4,045	4,114	4,509
Provision (credit) for credit losses on loans	(913)	(157)	(1,077)	(621)
Subtotal	3,052	3,888	3,037	3,888
Charge-offs	0	0	0	0
Recoveries	0	36	15	36
Net charge-offs (recoveries)	0	(36)	(15)	(36)
Ending balance	3,052	3,924	3,052	3,924
Commercial Mortgage | Real Estate
Changes in the allowance
Beginning balance	17,365	17,858	17,902	18,411
Provision (credit) for credit losses on loans	1,738	(28)	1,201	(581)
Subtotal	19,103	17,830	19,103	17,830
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net charge-offs (recoveries)	0	0	0	0
Ending balance	19,103	17,830	19,103	17,830
Consumer | Consumer
Changes in the allowance
Beginning balance	19,686	19,736	20,227	18,415
Provision (credit) for credit losses on loans	1,351	3,012	5,758	5,778
Subtotal	21,037	22,748	25,985	24,193
Charge-offs	4,710	1,912	11,269	4,518
Recoveries	982	618	2,593	1,779
Net charge-offs (recoveries)	3,728	1,294	8,676	2,739
Ending balance	$ 17,309	$ 21,454	$ 17,309	$ 21,454

ALLOWANCE FOR CREDIT LOSSES A_4

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Provision (credit) for credit losses	$ 4,874	$ 362	$ 11,045	$ (1,844)
Provision (credit) for credit losses on loans	4,526	731	10,276	(744)
Provision (credit) for off-balance sheet credit exposures	$ 400	$ (300)	$ 700	$ (1,100)

ALLOWANCE FOR CREDIT LOSSES A_5

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES (Reserve For Off-Balance Sheet Credit Exposure) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance	$ 3,664	$ 4,073	$ 3,243	$ 4,804
Provision (credit) for off-balance sheet credit exposures	400	(300)	700	(1,100)
Ending balance	4,012	3,704	4,012	3,704
Adjusted balance at beginning of period
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Provision (credit) for off-balance sheet credit exposures	$ 348	$ (369)	$ 769	$ (1,100)

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	Sep. 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	$ 38,797	$ 40,939
Investments in common securities of statutory trusts	1,547	1,547
Investments in affiliates	129	110
Other	2,050	4,045
Total	$ 42,523	$ 46,641

INVESTMENTS IN UNCONSOLIDATED_4

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2021
Schedule of Investments [Line Items]
Total unfunded commitments	$ 24,589			$ 24,589
Swell Financial, Inc.
Schedule of Investments [Line Items]
Proceeds from intellectual property rights and platform usage feeds from products				1,500
Swell Financial, Inc. | Maximum
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	983			983	$ 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
Fund Commitments
Schedule of Investments [Line Items]
Funded commitments, LIHTC	47,800			47,800	47,800
Unfunded Commitments
Schedule of Investments [Line Items]
Funded commitments, LIHTC	$ 23,600			$ 23,600	$ 23,600

INVESTMENTS IN UNCONSOLIDATED_5

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Future Commitments) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Other Commitments [Line Items]
2023 (remainder)	$ 10,676
2024	9,280
2025	4,248
2026	26
2027	26
2028	20
Thereafter	313
Total unfunded commitments	24,589
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)	983
2024	0
2025	0
2026	0
2027	0
2028	0
Thereafter	0
Total unfunded commitments	$ 983	$ 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Amortization expense recognized in income tax expense	$ 714	$ 606	$ 2,142	$ 1,820
Tax credits recognized in income tax expense	$ 891	$ 709	$ 2,675	$ 2,127

MORTGAGE SERVICING RIGHTS (Chan

MORTGAGE SERVICING RIGHTS (Changes In Mortgage Servicing Rights) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Changes in other intangible assets
Balance, beginning of period			$ 9,074	$ 9,738
Additions			261	593
Amortization	$ (200)	$ (300)	(538)	(1,115)
Balance, end of period	$ 8,797	$ 9,216	$ 8,797	$ 9,216

MORTGAGE SERVICING RIGHTS (Narr

MORTGAGE SERVICING RIGHTS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gain on sale of residential mortgage loans			$ 565	$ 1,626
Mortgage servicing rights
Acquired Finite-Lived Intangible Assets [Line Items]
Gain on sale of residential mortgage loans	$ 100	$ 100	300	600
Amortization	$ (200)	$ (300)	$ (538)	$ (1,115)

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	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Fair market value	$ 12,840	$ 12,061	$ 12,289	$ 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	0.108		0.099

MORTGAGE SERVICING RIGHTS (Gros

MORTGAGE SERVICING RIGHTS (Gross Carrying Value, Accumulated Amortization, Net Carrying Value) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value	$ 69,674	$ 69,413
Accumulated Amortization	(60,877)	(60,339)
Net Carrying Value	$ 8,797	$ 9,074	$ 9,216	$ 9,738

MORTGAGE SERVICING RIGHTS (Esti

MORTGAGE SERVICING RIGHTS (Estimated Amortization Expense) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Estimated Amortization Expense
2023 (remainder)	$ 185
2024	848
2025	784
2026	709
2027	640
2028	569
Thereafter	5,062
Net Carrying Value	$ 8,797	$ 9,074	$ 9,216	$ 9,738

DERIVATIVES (Additional Informa

DERIVATIVES (Additional Information) (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Forward sale commitments | Derivatives Not Designated as Hedging Instruments
DERIVATIVES
Mortgage loans hedged		$ 1.1
Risk Participation Agreements | Derivatives Not Designated as Hedging Instruments
DERIVATIVES
Notional amount	$ 36.2	36.8
Back-to-back swap agreements | Derivatives Not Designated as Hedging Instruments
DERIVATIVES
Notional amount	35.3	32.3
Cash pledged as collateral	(15.6)	$ (10)
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	Sep. 30, 2023	Dec. 31, 2022
Interest rate lock and forward sale commitments | Derivatives Not Designated as Hedging Instruments
Asset Derivatives
Fair Value	$ 0	$ 10
Liability Derivatives
Fair Value	0	2
Back-to-back swap agreements | Derivatives Not Designated as Hedging Instruments
Asset Derivatives
Fair Value	5,043	4,611
Liability Derivatives
Fair Value	5,043	4,611
Interest rate swap agreements | Designated as Hedging Instrument
Asset Derivatives
Fair Value	10,135	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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 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)	$ 55	$ (8)	$ 55
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	$ (66)	$ 3	$ (67)
Derivatives Not Designated as Hedging Instruments | Risk participation agreements
DERIVATIVES
Location of Gain (Loss) Recognized in Earnings on Derivatives				Other service charges and fees
Amount of Gain (Loss) Recognized in Earnings on Derivatives				$ 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	$ 36		$ 71
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	$ (121)	$ (169)	$ (180)	$ (326)

SHORT-TERM BORROWINGS AND LON_3

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Narrative (Details)		1 Months Ended		9 Months Ended	12 Months Ended
	Oct. 20, 2020 USD ($)	Dec. 31, 2004 USD ($)	Sep. 30, 2004 USD ($)	Sep. 30, 2023 USD ($) period	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)
Debt Instrument [Line Items]
Short-term borrowings				$ 0	$ 5,000,000
Long term borrowings				156,041,000	105,859,000
Investment securities				1,265,306,000	1,336,677,000
Unamortized debt issuance costs				$ (506,000)	(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
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
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				$ 1,940,000,000	2,230,000,000
Unused borrowings available				1,820,000,000	2,190,000,000
Short-term borrowings				0	5,000,000
Letters of Credit, outstanding				72,000,000	36,000,000
Long term borrowings				50,000,000	0
Federal Home Loan Bank Borrowings | Asset Pledged as Collateral
Debt Instrument [Line Items]
Net loans and leases				$ 3,190,000,000
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				$ 290,300,000	75,900,000
Federal Reserve discount window line of credit | Asset Pledged as Collateral
Debt Instrument [Line Items]
Net loans and leases				136,700,000	125,000,000
Investment securities				199,700,000	$ 0
Notes | Subordinated notes
Debt Instrument [Line Items]
Long term borrowings				$ 54,500,000
Debt face amount	$ 55,000,000
Debt instrument, term	10 years
Stated interest rate, first five years	4.75%			0.0475%	0.0475%
Unamortized debt issuance costs				$ (500,000)
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
Trust IV | Junior Subordinated Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate				0.26%
Trust IV | Junior Subordinated Debt | London Interbank Offered Rate (LIBOR) 1
Debt Instrument [Line Items]
Basis spread on variable rate			2.45%		2.45%
Trust V | Junior Subordinated Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate				0.26%
Trust V | Junior Subordinated Debt | London Interbank Offered Rate (LIBOR) 1
Debt Instrument [Line Items]
Basis spread on variable rate		1.87%			1.87%

SHORT-TERM BORROWINGS AND LON_4

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Subordinated Debentures (Details) - Junior Subordinated Debt - USD ($) $ in Thousands	1 Months Ended		9 Months Ended	12 Months Ended
	Dec. 31, 2004	Sep. 30, 2004	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Junior subordinated debentures outstanding			$ 51,547	$ 51,547
Trust IV
Debt Instrument [Line Items]
Junior subordinated debentures outstanding			$ 30,928	$ 30,928
Trust IV | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.26%
Trust IV | Tenor Spread Adjustment
Debt Instrument [Line Items]
Basis spread on variable rate			2.45%
Trust IV | London Interbank Offered Rate (LIBOR) 1
Debt Instrument [Line Items]
Basis spread on variable rate		2.45%		2.45%
Trust V
Debt Instrument [Line Items]
Junior subordinated debentures outstanding			$ 20,619	$ 20,619
Trust V | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.26%
Trust V | Tenor Spread Adjustment
Debt Instrument [Line Items]
Basis spread on variable rate			1.87%
Trust V | London Interbank Offered Rate (LIBOR) 1
Debt Instrument [Line Items]
Basis spread on variable rate	1.87%			1.87%

SHORT-TERM BORROWINGS AND LON_5

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Subordinated Notes (Details) - Notes - Subordinated notes - USD ($) $ in Thousands	Sep. 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%	0.0475%	4.75%

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from External Customer [Line Items]
In-scope other operating income	$ 8,517	$ 7,835	$ 24,260	$ 22,751
Out-of-scope other operating income	1,530	1,794	7,231	13,567
Total other operating income	10,047	9,629	31,491	36,318
Mortgage banking income
Revenue from External Customer [Line Items]
In-scope other operating income	216	155	541	890
Service charges on deposit accounts
Revenue from External Customer [Line Items]
In-scope other operating income	2,193	2,138	6,441	6,025
Other service charges and fees
Revenue from External Customer [Line Items]
In-scope other operating income	4,874	4,377	13,655	12,329
Income on fiduciary activities
Revenue from External Customer [Line Items]
In-scope other operating income	$ 1,234	$ 1,165	$ 3,623	$ 3,507

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 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	115,992
Vested (in shares) | shares	(188,091)
Forfeited (in shares) | shares	(51,760)
Nonvested restricted stock awards and units, end of period (in shares) | shares	228,606
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	22.76
Forfeited (in dollars per share) | $ / shares	25.07
Vested (in dollars per share) | $ / shares	20.89
Nonvested restricted stock awards and units, end of period (in dollars per share) | $ / shares	$ 24.76
Fair Value of Restricted Stock Awards and Units That Vested During the Period, Vested | $	$ 3,893
Share-Based Payment Arrangement, Tranche One
SHARE-BASED COMPENSATION
Award vesting period	2 years
Share-Based Payment Arrangement, Tranche Two
SHARE-BASED COMPENSATION
Award vesting period	3 years
Share-Based Payment Arrangement, Tranche Three
SHARE-BASED COMPENSATION
Award vesting period	5 years

PENSION AND SUPPLEMENTAL EXEC_3

PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
SERPs
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Projected benefit obligation	$ 9,100		$ 9,100		$ 9,200
Pension Plan
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Settlement	$ 0	$ 0	$ 0	$ 4,884
Pension Plan | Maximum
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Settlement		$ 4,900

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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
SERPs
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Interest cost	$ 112	$ 75	$ 336	$ 225
Amortization of net actuarial (gain) loss	(19)	20	(57)	62
Amortization of net transition obligation	2	5	6	13
Net periodic benefit cost	95	100	285	300
Pension Plan
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Interest cost	0	0	0	212
Expected return on plan assets	0	0	0	(207)
Amortization of net actuarial loss	0	0	0	224
Settlement	0	0	0	4,884
Net periodic benefit cost	$ 0	$ 0	$ 0	$ 5,113

OPERATING LEASES (Lease Cost an

OPERATING LEASES (Lease Cost and Other Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Lease cost:
Operating lease cost	$ 1,285	$ 1,368	$ 3,937	$ 4,144
Variable lease cost	918	769	2,740	2,433
Less: Sublease income	0	(12)	(34)	(36)
Total lease cost	2,203	2,125	6,643	6,541
Operating cash flows from operating leases	$ (1,258)	$ (1,464)	$ (3,950)	$ (4,485)
Weighted-average remaining lease term - operating leases	10 years 10 months 6 days	11 years 3 months 25 days	10 years 10 months 6 days	11 years 3 months 25 days
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	Sep. 30, 2023 USD ($)
Undiscounted Cash Flows
2023 (remainder)	$ 1,176
2024	4,467
2025	4,181
2026	4,118
2027	4,108
2028	3,509
Thereafter	19,682
Total	41,241
Lease Liability Discount on Cash Flows
2023 (remainder)	324
2024	1,210
2025	1,085
2026	965
2027	840
2028	723
Thereafter	2,908
Total	8,055
Lease Liability
2023 (remainder)	852
2024	3,257
2025	3,096
2026	3,153
2027	3,268
2028	2,786
Thereafter	16,774
Total	$ 33,186

OPERATING LEASES (Lease Income)

OPERATING LEASES (Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 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	$ 497	$ 398	$ 1,622	$ 1,727

OPERATING LEASES (Future Minimu

OPERATING LEASES (Future Minimum Rental Income) (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Future minimum rental income for those noncancellable operating leases that had initial lease terms in excess of one year
2023 (remainder)	$ 358
2024	1,234
2025	1,114
2026	968
2027	913
2028	561
Thereafter	1,839
Total	$ 6,987

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Before Tax
Amortization							$ (3,644)	$ (4,295)
Other comprehensive income (loss), before tax	$ (19,434)			$ (31,150)			(7,593)	(192,165)
Tax Effect
Other comprehensive income, tax	(5,162)			(8,329)			(2,030)	(50,872)
Net of Tax
Other comprehensive loss	(14,272)	$ (2,547)	$ 11,256	(22,821)	$ (39,085)	$ (79,387)	(5,563)	(141,293)
Net unrealized gains on investment securities
Before Tax
Other comprehensive income (loss) before reclassification, before tax	(24,729)			(37,854)			(17,675)	(207,930)
Reclassification from AOCI, before tax	135						135
Amortization	2,026			2,319			5,670	4,295
Other comprehensive income (loss), before tax	(22,568)			(35,535)			(11,870)	(203,635)
Tax Effect
Other comprehensive income (loss) before reclassifications, tax	(6,569)			(10,122)			(4,696)	(55,598)
Less: Amortization of unrealized losses on investment securities transferred to HTM	538			620			1,506	1,148
Reclassification from AOCI, tax	36						36
Other comprehensive income, tax	(5,995)			(9,502)			(3,154)	(54,450)
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	(18,160)			(27,732)			(12,979)	(152,332)
Amortization of unrealized losses on investment securities transferred to held-to-maturity	1,488			1,699			4,164	3,147
Reclassification from AOCI, net of tax	99						99
Other comprehensive loss	(16,573)			(26,033)			(8,716)	(149,185)
Net change in fair value of derivatives:
Before Tax
Other comprehensive income (loss) before reclassification, before tax	3,151			4,360			4,329	7,240
Other comprehensive income (loss), before tax	3,151			4,360			4,329	7,240
Tax Effect
Other comprehensive income (loss) before reclassifications, tax	838			1,166			1,139	1,936
Other comprehensive income, tax	838			1,166			1,139	1,936
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	2,313			3,194			3,190	5,304
Other comprehensive loss	2,313			3,194			3,190	5,304
Amortization of net actuarial gain
Before Tax
Reclassification from AOCI, before tax	(19)			20			(58)	284
Tax Effect
Reclassification from AOCI, tax	(7)			5			(17)	76
Net of Tax
Reclassification from AOCI, net of tax	(12)			15			(41)	208
Amortization of net transition obligation
Before Tax
Reclassification from AOCI, before tax	2			5			6	14
Tax Effect
Reclassification from AOCI, tax	2			2			2	4
Net of Tax
Reclassification from AOCI, net of tax	0			3			4	10
SERPs
Before Tax
Other comprehensive income (loss), before tax	17			(25)			52	(4,230)
Tax Effect
Other comprehensive income, tax	5			(7)			15	(1,642)
Net of Tax
Other comprehensive income (loss), before reclassifications, net of tax	0			0			0	(697)
Reclassification from AOCI, net of tax	(12)			18			(37)	3,285
Other comprehensive loss	$ (12)			$ 18			$ (37)	$ 2,588

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Changes in each component of AOCI, net of tax
Balance at beginning of period			$ 452,871				$ 452,871
Other comprehensive loss	$ (14,272)	$ (2,547)	11,256	$ (22,821)	$ (39,085)	$ (79,387)	(5,563)	$ (141,293)
Balance at end of period	468,598						468,598
Investment Securities
Changes in each component of AOCI, net of tax
Balance at beginning of period	(141,252)		(149,109)	(126,818)		(3,666)	(149,109)	(3,666)
Other comprehensive income (loss) before reclassifications	(18,160)			(27,732)			(12,979)	(152,332)
Reclassification adjustments from AOCI	1,587			1,699			4,263	3,147
Other comprehensive loss	(16,573)			(26,033)			(8,716)	(149,185)
Balance at end of period	(157,825)	(141,252)		(152,851)	(126,818)		(157,825)	(152,851)
Derivatives
Changes in each component of AOCI, net of tax
Balance at beginning of period	5,522		4,645	2,110		0	4,645	0
Other comprehensive income (loss) before reclassifications	2,313			3,194			3,190	(5,304)
Reclassification adjustments from AOCI	0			0			0	0
Other comprehensive loss	2,313			3,194			3,190	5,304
Balance at end of period	7,835	5,522		5,304	2,110		7,835	5,304
SERPs
Changes in each component of AOCI, net of tax
Balance at beginning of period	455		480	(1,724)		(4,294)	480	(4,294)
Other comprehensive income (loss) before reclassifications	0			0			0	(697)
Reclassification adjustments from AOCI	(12)			18			(37)	3,285
Other comprehensive loss	(12)			18			(37)	2,588
Balance at end of period	443	455		(1,706)	(1,724)		443	(1,706)
Accum. Other Comp. Gain (Loss)
Changes in each component of AOCI, net of tax
Balance at beginning of period	(135,275)		(143,984)	(126,432)		(7,960)	(143,984)	(7,960)
Other comprehensive income (loss) before reclassifications	(15,847)			(24,538)			(9,789)	(147,725)
Reclassification adjustments from AOCI	1,575			1,717			4,226	6,432
Other comprehensive loss	(14,272)	(2,547)	$ 11,256	(22,821)	(39,085)	$ (79,387)	(5,563)	(141,293)
Balance at end of period	$ (149,547)	$ (135,275)		$ (149,253)	$ (126,432)		$ (149,547)	$ (149,253)

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassified out of AOCI) (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Amounts reclassified out of each component of accumulated other comprehensive income
Net (losses) gains on sales of investment securities	$ (135)			$ 0			$ (135)	$ 8,506
Income tax (expenses) benefit	(4,349)			(5,919)			(13,880)	(18,141)
Amortization of unrealized losses on investment securities transferred to HTM							3,644	4,295
Total reclassification adjustments from AOCI for the period, net of tax	13,141	$ 14,475	$ 16,187	16,715	$ 17,594	$ 19,438	43,803	53,747
Amortization of net actuarial losses
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	19			(20)			58	(284)
Reclassification from AOCI, tax	(7)			5			(17)	76
Amounts reclassified from AOCI	12			(15)			41	(208)
Amortization of net transition obligation
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	(2)			(5)			(6)	(14)
Reclassification from AOCI, tax	2			2			2	4
Amounts reclassified from AOCI	0			(3)			(4)	(10)
SERPs
Amounts reclassified out of each component of accumulated other comprehensive income
Amounts reclassified from AOCI	12			(18)			37	(3,285)
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)
Investment Securities
Amounts reclassified out of each component of accumulated other comprehensive income
Amounts reclassified from AOCI	(1,587)			(1,699)			(4,263)	(3,147)
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	(1,575)			(1,717)			(4,226)	(6,432)
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	(2,026)			(2,319)			(5,670)	(4,295)
Tax effect	538			620			1,506	1,148
Amortization of unrealized losses on investment securities transferred to held-to-maturity	(1,488)			(1,699)			(4,164)	(3,147)
Amount Reclassified from AOCI | Amortization of net actuarial losses
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	19			(20)			58	(284)
Amount Reclassified from AOCI | Amortization of net transition obligation
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	(2)			(5)			(6)	(14)
Amount Reclassified from AOCI | SERPs
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	17			(25)			52	(5,182)
Reclassification from AOCI, tax	(5)			7			(15)	1,897
Amounts reclassified from AOCI	12			(18)			37	(3,285)
Amount Reclassified from AOCI | Settlement
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization							0	(4,884)
Amount Reclassified from AOCI | Investment Securities
Amounts reclassified out of each component of accumulated other comprehensive income
Net (losses) gains on sales of investment securities	(135)			0			(135)	0
Income tax (expenses) benefit	36			0			36	0
Total reclassification adjustments from AOCI for the period, net of tax	$ (99)			$ 0			$ (99)	$ 0

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
SHARE-BASED COMPENSATION
Net income	$ 13,141	$ 14,475	$ 16,187	$ 16,715	$ 17,594	$ 19,438	$ 43,803	$ 53,747
Weighted average shares outstanding - basic	27,042,762			27,356,614			27,022,141	27,487,237
Weighted average shares outstanding - diluted	27,079,484			27,501,212			27,081,541	27,666,197
Basic earnings per common share (in dollars per share)	$ 0.49			$ 0.61			$ 1.62	$ 1.96
Diluted earnings per common share (in dollars per share)	$ 0.49			$ 0.61			$ 1.62	$ 1.94
Antidilutive securities excluded from the dilutive share calculation (in shares)	23,830			8,495			24,281	4,092
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements	36,722			144,598			59,400	178,960

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES (Narrative) (Details) $ in Thousands	Sep. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($)	Sep. 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	8.01%
Time deposits, weighted average discount rate, percent	5.64%
Long -term debt, weighted average discount rate, percent	7.68%
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	$ 17,169	$ 13,254	$ 14,333	$ 8,619
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
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 6,363	6,584	6,682	7,681
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
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 671	$ 684	$ 735	$ 938
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	0.0412	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	0.0677	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	Sep. 30, 2023	Dec. 31, 2022
Financial assets:
Cash and due from financial institutions	$ 108,818	$ 97,150
Interest-bearing deposits in other financial institutions	329,913	14,894
Loans held for sale, at fair value	0	1,105
Accrued interest receivable	21,529	20,345
Financial liabilities:
Noninterest-bearing demand	1,969,523	2,092,823
Time	1,349,829	991,205
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and due from financial institutions	108,818	97,150
Interest-bearing deposits in other financial institutions	329,913	14,894
Investment securities	0	0
Loans held for sale, at fair value		0
Loans, net of ACL	0	0
Accrued interest receivable	21,529	20,345
Financial liabilities:
Noninterest-bearing demand	1,969,523	2,092,823
Interest-bearing demand and savings and money market	3,555,393	3,652,195
Time	0	0
FHLB advances and other short-term borrowings		0
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	16,752	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	1,150,106	1,261,306
Loans held for sale, at fair value		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
FHLB advances and other short-term borrowings		5,000
Long-term debt	0	0
Accrued interest payable (included in other liabilities)	0	0
Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and due from financial institutions	0	0
Interest-bearing deposits in other financial institutions	0	0
Investment securities	7,034	7,268
Loans held for sale, at fair value		0
Loans, net of ACL	4,977,934	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	1,336,148	975,086
FHLB advances and other short-term borrowings		0
Long-term debt	138,733	93,729
Accrued interest payable (included in other liabilities)	0	0
Carrying Amount
Financial assets:
Cash and due from financial institutions	108,818	97,150
Interest-bearing deposits in other financial institutions	329,913	14,894
Investment securities	1,265,306	1,336,677
Loans held for sale, at fair value		1,105
Loans, net of ACL	5,444,193	5,491,728
Accrued interest receivable	21,529	20,345
Financial liabilities:
Noninterest-bearing demand	1,969,523	2,092,823
Interest-bearing demand and savings and money market	3,555,393	3,652,195
Time	1,349,829	991,205
FHLB advances and other short-term borrowings		5,000
Long-term debt	156,041	105,859
Accrued interest payable (included in other liabilities)	16,752	4,739
Estimated Fair Value
Financial assets:
Cash and due from financial institutions	108,818	97,150
Interest-bearing deposits in other financial institutions	329,913	14,894
Investment securities	1,157,140	1,268,574
Loans held for sale, at fair value		1,105
Loans, net of ACL	4,977,934	5,043,436
Accrued interest receivable	21,529	20,345
Financial liabilities:
Noninterest-bearing demand	1,969,523	2,092,823
Interest-bearing demand and savings and money market	3,555,393	3,652,195
Time	1,336,148	975,086
FHLB advances and other short-term borrowings		5,000
Long-term debt	138,733	93,729
Accrued interest payable (included in other liabilities)	16,752	4,739
Commitments to extend credit
Financial liabilities:
Off-balance sheet financial instruments, Notional Amount	1,331,239	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:	1,299	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:	1,299	1,270
Standby letters of credit and financial guarantees written
Financial liabilities:
Off-balance sheet financial instruments, Notional Amount	3,262	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:	49	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:	49	80
Assets
Financial liabilities:
Notional Amount	(35,262)	(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	(5,043)	(4,611)
Assets | Carrying Amount
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(5,043)	(4,611)
Assets | Estimated Fair Value
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(5,043)	(4,611)
Liabilities
Financial liabilities:
Notional Amount	(35,262)	(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	(5,043)	(4,611)
Liabilities | Carrying Amount
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(5,043)
Liabilities | Estimated Fair Value
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(5,043)
Forward interest rate contracts
Financial liabilities:
Notional Amount		(1,110)
Risk participation agreements
Financial liabilities:
Notional Amount	(36,227)	(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	(10,135)	(5,986)
Interest rate swap agreements | Carrying Amount
Financial liabilities:
Financial Liabilities Fair Value Disclosure	(10,135)	(5,986)
Interest rate swap agreements | Estimated Fair Value
Financial liabilities:
Financial Liabilities Fair Value Disclosure	$ (10,135)	(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
Recurring basis | Forward interest rate contracts | Significant Other Observable Inputs (Level 2)
Financial liabilities:
Assets, Fair Value Disclosure, Recurring		8
Recurring basis | Forward interest rate contracts | Significant Unobservable Inputs (Level 3)
Financial liabilities:
Assets, Fair Value Disclosure, Recurring		0
Recurring basis | Forward interest rate contracts | Carrying Amount
Financial liabilities:
Assets, Fair Value Disclosure, Recurring		8
Recurring basis | Forward interest rate contracts | Estimated Fair Value
Financial liabilities:
Assets, Fair Value Disclosure, Recurring		$ 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	Sep. 30, 2023	Dec. 31, 2022
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 625,253	$ 671,794
States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	124,977	135,752
Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	30,020	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	21,492	25,715
Residential - U.S. Government-sponsored enterprises
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	378,872	423,803
Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	12,079	8,662
Commercial - U.S. Government-sponsored enterprises
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	43,048	46,144
Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	14,765	1,507
Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	625,253	671,794
Derivatives	10,135	5,994
Total	635,388	677,788
Recurring basis | Forward interest rate contracts
Assets and liabilities measured at fair value
Derivatives		8
Recurring basis | Interest rate swap agreements
Assets and liabilities measured at fair value
Derivatives	10,135	5,986
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	124,977	135,752
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	30,020	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	21,492	25,715
Recurring basis | Residential - U.S. Government-sponsored enterprises
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	378,872	423,803
Recurring basis | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	12,079	46,144
Recurring basis | Commercial - U.S. Government-sponsored enterprises
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	43,048	8,662
Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	14,765	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
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 enterprises
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 enterprises
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	618,219	664,526
Derivatives	0	8
Total	618,219	664,534
Significant Other Observable Inputs (Level 2) | Recurring basis | Forward interest rate contracts
Assets and liabilities measured at fair value
Derivatives		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	118,614	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	30,020	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	21,492	25,715
Significant Other Observable Inputs (Level 2) | Recurring basis | Residential - U.S. Government-sponsored enterprises
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	378,872	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	11,408	46,144
Significant Other Observable Inputs (Level 2) | Recurring basis | Commercial - U.S. Government-sponsored enterprises
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	43,048	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	14,765	1,507
Significant Unobservable Inputs (Level 3) | Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	7,034	7,268
Derivatives	10,135	5,986
Total	17,169	13,254
Significant Unobservable Inputs (Level 3) | Recurring basis | Forward interest rate contracts
Assets and liabilities measured at fair value
Derivatives		0
Significant Unobservable Inputs (Level 3) | Recurring basis | Interest rate swap agreements
Assets and liabilities measured at fair value
Derivatives	10,135	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	6,363	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 enterprises
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	671	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Commercial - U.S. Government-sponsored enterprises
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	9 Months Ended
	Sep. 30, 2023	Sep. 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	(189)	(174)
Unrealized net gain (loss) included in other comprehensive income	4,104	5,938
Aggregate fair value / Balance at the end of the period	17,169	14,333
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	(172)	(157)
Unrealized net gain (loss) included in other comprehensive income	(49)	(842)
Aggregate fair value / Balance at the end of the period	6,363	6,682
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	(17)	(17)
Unrealized net gain (loss) included in other comprehensive income	4	(186)
Aggregate fair value / Balance at the end of the period	671	735
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 (loss) included in other comprehensive income	4,149	6,966
Aggregate fair value / Balance at the end of the period	$ 10,135	6,916
Additions		$ (50)