Central Pacific Financial (CPF) 10-Q 31 Jul 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 22, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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		27,063,644
Entity Central Index Key	0000701347
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from financial institutions	$ 103,829	$ 116,181
Interest-bearing deposits in other financial institutions	195,062	406,256
Investment securities:
Available-for-sale debt securities, at fair value	676,719	647,210
Held-to-maturity debt securities, at amortized cost; fair value of: $528,088 at June 30, 2024 and $565,178 at December 31, 2023	615,867	632,338
Total investment securities	1,292,586	1,279,548
Loans held for sale	3,950	1,778
Loans	5,383,644	5,438,982
Less: allowance for credit losses	62,225	63,934
Loans, net of allowance for credit losses	5,321,419	5,375,048
Premises and equipment, net	100,646	96,184
Accrued interest receivable	23,184	21,511
Investment in unconsolidated entities	40,155	41,546
Mortgage servicing rights, net	8,636	8,696
Bank-owned life insurance	173,716	170,706
Federal Home Loan Bank of Des Moines ("FHLB") stock	6,925	6,793
Right-of-use lease assets	32,081	29,720
Other assets	84,763	88,829
Total assets	7,386,952	7,642,796
Deposits:
Noninterest-bearing demand	1,847,173	1,913,379
Interest-bearing demand	1,283,669	1,329,189
Savings and money market	2,234,111	2,209,733
Time	1,217,502	1,395,291
Total deposits	6,582,455	6,847,592
Long-term debt, net of unamortized debt issuance costs of $324 at June 30, 2024 and $445 at December 31, 2023	156,223	156,102
Lease liabilities	33,422	30,634
Accrued interest payable	14,998	18,948
Other liabilities	81,207	85,705
Total liabilities	6,868,305	7,138,981
Contingent liabilities and other commitments (see Note 16)
Equity
Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding: none at June 30, 2024 and December 31, 2023	0	0
Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,063,644 at June 30, 2024 and 27,045,033 at December 31, 2023	404,494	405,439
Additional paid-in capital	104,161	102,982
Retained earnings	132,683	117,990
Accumulated other comprehensive loss	(122,691)	(122,596)
Total equity	518,647	503,815
Total liabilities and equity	$ 7,386,952	$ 7,642,796

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Held to maturity debt securities, fair value	$ 528,088	$ 565,178
Unamortized debt issuance costs	$ 324	$ 445
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized (in shares)	185,000,000	185,000,000
Common stock, issued (in shares)	27,063,644	27,045,033
Common stock, outstanding (in shares)	27,063,644	27,045,033

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income:
Interest and fees on loans	$ 64,422	$ 60,455	$ 127,241	$ 118,724
Interest and dividends on investment securities:
Taxable investment securities	8,466	7,145	15,677	14,481
Tax-exempt investment securities	598	727	1,253	1,517
Interest on deposits in other financial institutions	2,203	877	5,814	1,154
Dividend income on FHLB stock	151	120	257	256
Total interest income	75,840	69,324	150,242	136,132
Interest on deposits:
Demand	490	411	989	774
Savings and money market	8,977	4,670	17,420	8,056
Time	12,173	8,932	25,163	15,196
Interest on short-term borrowings	1	378	1	1,139
Interest on long-term debt	2,278	2,199	4,561	4,037
Total interest expense	23,919	16,590	48,134	29,202
Net interest income	51,921	52,734	102,108	106,930
Provision for credit losses	2,239	4,319	6,175	6,171
Net interest income after provision for credit losses	49,682	48,415	95,933	100,759
Other operating income:
Mortgage banking income	1,040	690	1,653	1,216
Service charges on deposit accounts	2,135	2,137	4,238	4,248
Other service charges and fees	5,869	4,994	11,130	9,979
Income from fiduciary activities	1,449	1,068	2,884	2,389
Income from bank-owned life insurance	1,234	1,185	2,756	2,476
Other	394	361	704	1,136
Total other operating income	12,121	10,435	23,365	21,444
Other operating expense:
Salaries and employee benefits	21,246	20,848	41,981	42,871
Net occupancy	4,597	4,310	9,197	8,784
Computer software	4,381	4,621	8,668	9,227
Legal and professional services	2,506	2,469	4,826	5,355
Equipment	995	932	2,005	1,878
Advertising	901	942	1,815	1,875
Communication	657	791	1,494	1,569
Other	5,868	4,990	11,741	10,451
Total other operating expense	41,151	39,903	81,727	82,010
Income before income taxes	20,652	18,947	37,571	40,193
Income tax expense	4,835	4,472	8,809	9,531
Net income	$ 15,817	$ 14,475	$ 28,762	$ 30,662
Per common share data:
Basic earnings per share (in dollars per share)	$ 0.58	$ 0.54	$ 1.06	$ 1.14
Diluted earnings per share (in dollars per share)	$ 0.58	$ 0.53	$ 1.06	$ 1.13
Basic weighted average shares outstanding (in shares)	27,053,549	27,024,043	27,050,037	27,011,659
Diluted weighted average shares outstanding (in shares)	27,116,349	27,071,478	27,106,267	27,090,258

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 15,817	$ 14,475	$ 28,762	$ 30,662
Other comprehensive income (loss), net of tax:
Net change in fair value of available-for-sale investment securities	274	(6,025)	(4,906)	5,181
Amortization of unrealized losses on investment securities transferred to held-to-maturity	1,374	1,451	2,580	2,676
Net change in fair value of derivatives	(16)	2,040	2,231	877
Supplemental Executive Retirement Plans	0	(13)	0	(25)
Total other comprehensive income (loss), net of tax	1,632	(2,547)	(95)	8,709
Comprehensive income	$ 17,449	$ 11,928	$ 28,667	$ 39,371

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Shares Outstanding	Common Stock	Additional Paid-In Capital	Retained Earnings	Accum. Other Comp. Loss
Beginning balance (in shares) at Dec. 31, 2022		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)
Common stock repurchased and retired 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)		0	(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
Beginning balance at Dec. 31, 2022	452,871		408,071	101,346	87,438	(143,984)
Increase (Decrease) in Shareholders' Equity
Net income	30,662
Other comprehensive income (loss)	8,709					8,709
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)
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)
Common stock repurchased and retired 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)
Beginning balance (in shares) at Dec. 31, 2023	27,045,033	27,045,033
Beginning balance at Dec. 31, 2023	$ 503,815		405,439	102,982	117,990	(122,596)
Increase (Decrease) in Shareholders' Equity
Net income	12,945				12,945
Other comprehensive income (loss)	(1,727)					(1,727)
Cash dividends declared	(7,033)				(7,033)
Common stock repurchased and retired and other related costs (in shares)		(49,960)
Common stock repurchased and retired and other related costs	(945)		(945)
Share-based compensation (in shares)		47,253
Share-based compensation	148			148
Ending balance (in shares) at Mar. 31, 2024		27,042,326
Ending balance at Mar. 31, 2024	$ 507,203		404,494	103,130	123,902	(124,323)
Beginning balance (in shares) at Dec. 31, 2023	27,045,033	27,045,033
Beginning balance at Dec. 31, 2023	$ 503,815		405,439	102,982	117,990	(122,596)
Increase (Decrease) in Shareholders' Equity
Net income	28,762
Other comprehensive income (loss)	$ (95)					(95)
Ending balance (in shares) at Jun. 30, 2024	27,063,644	27,063,644
Ending balance at Jun. 30, 2024	$ 518,647		404,494	104,161	132,683	(122,691)
Beginning balance (in shares) at Mar. 31, 2024		27,042,326
Beginning balance at Mar. 31, 2024	507,203		404,494	103,130	123,902	(124,323)
Increase (Decrease) in Shareholders' Equity
Net income	15,817				15,817
Other comprehensive income (loss)	1,632					1,632
Cash dividends declared	(7,036)				(7,036)
Share-based compensation (in shares)		21,318
Share-based compensation	$ 1,031			1,031
Ending balance (in shares) at Jun. 30, 2024	27,063,644	27,063,644
Ending balance at Jun. 30, 2024	$ 518,647		$ 404,494	$ 104,161	$ 132,683	$ (122,691)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.26	$ 0.26	$ 0.26	$ 0.26

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 28,762	$ 30,662
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	6,175	6,171
Depreciation and amortization of premises and equipment	3,454	3,376
Loss on disposal of premises and equipment	16	9
Cash flows from operating leases	(2,682)	(2,692)
Amortization of mortgage servicing rights	370	356
Net amortization and accretion of premium/discounts on investment securities	1,099	1,602
Share-based compensation	1,179	651
Net gain on sales of residential mortgage loans	(748)	(296)
Proceeds from sales of loans held for sale	36,620	14,486
Originations of loans held for sale	(38,044)	(15,678)
Equity in losses of unconsolidated entities	31	25
Distributions from unconsolidated entities	0	44
Net increase in cash surrender value of bank-owned life insurance	(2,756)	(2,622)
Deferred income tax expense	1,165	11,225
Net tax expense (benefit) from share-based compensation	128	(15)
Net change in other assets and liabilities	8,177	963
Net cash provided by operating activities	42,946	48,267
Cash flows from investing activities:
Proceeds from maturities of and calls on available-for-sale investment securities	25,495	28,515
Purchases of investment securities available-for-sale	(62,336)	(14,907)
Proceeds from maturities of and calls on held-to-maturity investment securities	19,545	18,148
Net repayments of loans	59,444	48,382
Purchases of loan portfolios	(12,384)	(19,659)
Purchases of bank-owned life insurance	(2,502)	0
Proceeds from bank-owned life insurance death benefits	2,248	2,453
Net purchases of premises, equipment and land	(7,932)	(8,270)
Contributions to unconsolidated entities	(7,787)	(75)
Net purchases of FHLB stock	(132)	(1,814)
Net cash provided by investing activities	13,659	52,773
Cash flows from financing activities:
Net (decrease) increase in deposits	(265,137)	69,514
Net decrease in FHLB advances and other short-term borrowings	0	(5,000)
Proceeds from long-term debt	0	50,000
Cash dividends paid on common stock	(14,069)	(14,054)
Repurchases of common stock and other related costs	(945)	(2,560)
Net cash (used in) provided by financing activities	(280,151)	97,900
Net (decrease) increase in cash and cash equivalents	(223,546)	198,940
Cash and cash equivalents at beginning of period	522,437	112,044
Cash and cash equivalents at end of period	298,891	310,984
Cash paid during the period for:
Interest	52,084	22,540
Income taxes	0	3,806
Supplemental disclosure of non-cash information:
Lease liabilities arising from obtaining right-of-use lease assets	5,029	0
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value	$ 3,505	$ 3,644

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements of Central Pacific Financial Corp. and Subsidiaries (herein referred to as the "Company," "we," "us," or "our") have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and 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, 2023. 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. 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. In addition, the Company uses a qualitative factor for forecast imprecision to account for economic and market volatility or instability. The ACL for loans is measured on a collective or pool basis when similar risk characteristics exist. 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 include 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 relate 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 automobile dealer loans. The predominant risk characteristics of this segment relate 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. The following table presents the Company's loan portfolio segments and the methodology used to measure expected credit losses. 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 Forecast Length Reversion Method Loan Segment After June 30, 2023 June 30, 2023 Commercial and industrial - SBA PPP Zero Loss Zero Loss 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 Consumer - Purchased portfolios WARM WARM 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. At the time of the methodology update, 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 is utilizing an industry leading software platform to perform the DCF analysis using a historical look back period of 2008 to present. 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 from the third quarter of 2023 to present: 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 Maturity 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. The following is a description of the methodologies utilized to measure expected credit losses as of June 30, 2023 and prior: 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 followed for the length of the migration period to identify the amount of associated charge-offs and recoveries. A loss rate for each migration period is calculated using the formula: net charge-offs over the period divided by beginning loan balance. Other Under both the previous and current methodologies utilized to measure expected credit losses, 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. Impact of Other Recently Issued Accounting Pronouncements on Future Filings In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" . ASU 2023-09 expands existing income tax disclosures for rate reconciliations by requiring disclosure of certain specific categories in the rate reconciliation, as well as additional qualitative information about the reconciliation, and additional disaggregated information about income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and is to be applied on a prospective basis. The Company does not expect ASU 2023-09 to have a material impact on its consolidated financial statements.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost, gross unrecognized/unrealized gains and losses, fair value and related ACL on available-for-sale ("AFS") and held-to-maturity ("HTM") debt securities at June 30, 2024 and December 31, 2023 are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) June 30, 2024 Available-for-sale: Debt securities: States and political subdivisions $ 151,771 $ 3 $ (30,299) $ 121,475 $ — Corporate securities 35,492 — (4,029) 31,463 — U.S. Treasury and other government-sponsored entities and agencies 55,662 147 (2,078) 53,731 — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 416,128 50 (62,224) 353,954 — Residential - Non-government agencies 18,454 135 (1,141) 17,448 — Commercial - U.S. government-sponsored entities and agencies 98,346 — (14,834) 83,512 — Commercial - Non-government agencies 15,269 — (133) 15,136 — Total available-for-sale investment securities $ 791,122 $ 335 $ (114,738) $ 676,719 $ — Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) June 30, 2024 Held-to-maturity: Debt securities: States and political subdivisions $ 42,002 $ — $ (8,138) $ 33,864 $ — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 573,865 — (79,641) 494,224 — Total held-to-maturity investment securities $ 615,867 $ — $ (87,779) $ 528,088 $ — Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) December 31, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 156,432 $ 13 $ (29,810) $ 126,635 $ — Corporate securities 35,731 — (4,317) 31,414 — U.S. Treasury and other government-sponsored entities and agencies 28,105 33 (1,941) 26,197 — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 441,898 95 (63,607) 378,386 — Residential - Non-government agencies 19,322 366 (980) 18,708 — Commercial - U.S. government-sponsored entities and agencies 58,318 — (7,404) 50,914 — Commercial - Non-government agencies 15,144 — (188) 14,956 — Total available-for-sale investment securities $ 754,950 $ 507 $ (108,247) $ 647,210 $ — Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) December 31, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ 41,959 $ — $ (6,706) $ 35,253 $ — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 590,379 61 (60,515) 529,925 — Total held-to-maturity investment securities $ 632,338 $ 61 $ (67,221) $ 565,178 $ — During the first quarter of 2022, the Company entered into a forward starting interest rate swap, with a notional amount of $115.5 million, that was designated as a fair value hedge of certain municipal debt securities. The Company pays the counterparty a fixed rate of 2.095% and receives a floating rate based on the Federal Funds effective rate. The fair value hedge became effective on March 31, 2024 and has a maturity date of March 31, 2029. During the three and six months ended June 30, 2024, the Company recorded income from the interest rate swap of $0.9 million and $0.8 million, respectively, in interest income on taxable investment securities on the Company's consolidated statements of income. During the three and six months ended June 30, 2024, the Company recorded a total of $1.9 million and $3.5 million, respectively, in amortization of unrecognized losses on the aforementioned investment securities transferred from AFS to HTM. During the three and six months ended June 30, 2023, the Company recorded a total of $2.0 million and $3.6 million, respectively, in amortization of unrecognized losses on the aforementioned investment securities transferred from AFS to HTM. The Company elected to not measure an estimate of credit losses on accrued interest receivable as the Company writes off any uncollectible accrued interest receivable in a timely manner. Accrued interest receivable Accrued interest receivable on investment securities totaled $4.3 million and $4.0 million as of June 30, 2024 and December 31, 2023, respectively. The amortized cost, estimated fair value and weighted average yield of our AFS and HTM debt securities at June 30, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. (dollars in thousands) Amortized Cost Fair Value Weighted Average Yield (1) Available-for-sale: Debt securities: Due in one year or less $ 1,361 $ 1,357 2.67 % Due after one year through five years 53,764 49,405 2.74 Due after five years through ten years 63,131 60,566 4.00 Due after ten years 124,669 95,341 2.44 Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 416,128 353,954 2.21 Residential - Non-government agencies 18,454 17,448 4.56 Commercial - U.S. government-sponsored entities and agencies 98,346 83,512 2.75 Commercial - Non-government agencies 15,269 15,136 5.07 Total available-for-sale securities $ 791,122 $ 676,719 2.63 % (dollars in thousands) Amortized Cost Fair Value Weighted Average Yield (1) Held-to-maturity: Debt securities: Due after ten years $ 42,002 $ 33,864 2.26 % Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 573,865 494,224 1.92 Total held-to-maturity securities $ 615,867 $ 528,088 1.94 % (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% The Company did not sell any investment securities during the three and six months ended June 30, 2024 and 2023. Investment securities with carrying values totaling $758.9 million and $990.4 million at June 30, 2024 and December 31, 2023, respectively, were pledged to secure public funds on deposit, Federal Reserve Bank borrowings and other financial transactions. 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 at June 30, 2024 and December 31, 2023. Th e following tables summarize AFS and HTM investment securities, which were in a loss position as of the dates presented, aggregated by major security type and length of time in a continuous loss position. There were a total of 229 and 208 AFS investment securities which were in an unrealized loss position, without an ACL, at June 30, 2024 and December 31, 2023, respectively. There were a total of 83 and 82 HTM investment securities which were in an unrecognized loss position, without an ACL, at June 30, 2024 and December 31, 2023, 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 June 30, 2024 Available-for-sale: Debt securities: States and political subdivisions $ 8,438 $ (109) $ 110,179 $ (30,190) $ 118,617 $ (30,299) Corporate securities — — 31,463 (4,029) 31,463 (4,029) U.S. Treasury and other government-sponsored entities and agencies 26,659 (195) 15,239 (1,883) 41,898 (2,078) Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 19,271 (181) 325,104 (62,043) 344,375 (62,224) Residential - Non-government agencies 5,437 (101) 7,826 (1,040) 13,263 (1,141) Commercial - U.S. government-sponsored entities and agencies 22,917 (1,234) 60,595 (13,600) 83,512 (14,834) Commercial - Non-government agencies — — 15,136 (133) 15,136 (133) Total $ 82,722 $ (1,820) $ 565,542 $ (112,918) $ 648,264 $ (114,738) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrecognized Losses Fair Value Unrecognized Losses Fair Value Unrecognized Losses June 30, 2024 Held-to-maturity: Debt securities: States and political subdivisions $ — $ — $ 33,864 $ (8,138) $ 33,864 $ (8,138) Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 8,048 (76) 486,176 (79,565) 494,224 (79,641) Total $ 8,048 $ (76) $ 520,040 $ (87,703) $ 528,088 $ (87,779) 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, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 534 $ (1) $ 114,601 $ (29,809) $ 115,135 $ (29,810) Corporate securities — — 31,414 (4,317) 31,414 (4,317) U.S. Treasury and other government-sponsored entities and agencies 2,893 (87) 16,286 (1,854) 19,179 (1,941) Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies — — 367,887 (63,607) 367,887 (63,607) Residential - Non-government agencies — — 8,169 (980) 8,169 (980) Commercial - U.S. government-sponsored entities and agencies 6,467 (1) 44,447 (7,403) 50,914 (7,404) Commercial - Non-government agencies 9,663 (130) 5,293 (58) 14,956 (188) Total $ 19,557 $ (219) $ 588,097 $ (108,028) $ 607,654 $ (108,247) 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, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ — $ — $ 35,253 $ (6,706) $ 35,253 $ (6,706) Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 8,853 (33) 512,378 (60,482) 521,231 (60,515) Total $ 8,853 $ (33) $ 547,631 $ (67,188) $ 556,484 $ (67,221) 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 AFS and HTM 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. The Company does not intend to sell the AFS and HTM securities that were in an unrecognized or unrealized loss position as of June 30, 2024 and December 31, 2023, 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.

LOANS AND CREDIT QUALITY

LOANS AND CREDIT QUALITY	6 Months Ended
	Jun. 30, 2023
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 deferred fees and costs as of the dates presented: (dollars in thousands) June 30, 2024 December 31, 2023 Commercial and industrial $ 585,048 $ 576,038 Real estate: Construction 171,918 185,994 Residential mortgage 1,912,753 1,927,206 Home equity 704,836 734,500 Commercial mortgage 1,467,273 1,384,579 Consumer 542,241 630,898 Gross loans 5,384,069 5,439,215 Deferred fees and costs, net (425) (233) Total loans, net of deferred fees and costs $ 5,383,644 $ 5,438,982 Interest income on loans is accrued at the contractual rate of interest on the unpaid principal balance. Accrued interest receivable on loans totaled $17.7 million and $17.1 million at June 30, 2024 and December 31, 2023, respectively, and was reported together with accrued interest receivable on investment securities The Company did not transfer any loans to the held for sale category during the three and six months ended June 30, 2024 and 2023 and did not sell any other loans originally held for investment during the three and six months ended June 30, 2024 and 2023. The following tables present loans purchased by class for the periods presented. None of these loan purchases were categorized as purchased credit deteriorated ("PCD") and there were no loans categorized as PCD during the periods presented. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 (dollars in thousands) U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Purchases: Outstanding balance $ — $ 12,384 $ 12,384 $ 152 $ — $ 152 Premium — 247 247 — — — Purchase price $ — $ 12,631 $ 12,631 $ 152 $ — $ 152 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 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 $ — $ 12,384 $ 12,384 $ 3,932 $ 15,159 $ 19,091 Premium — 247 247 — 568 568 Purchase price $ — $ 12,631 $ 12,631 $ 3,932 $ 15,727 $ 19,659 Foreclosure Proceedings The Company did not own any foreclosed properties as of June 30, 2024 and December 31, 2023. The Company had $3.9 million and $2.3 million of residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure at June 30, 2024 and December 31, 2023, respectively. The Company had $0.1 million in commercial real estate loans in the process of foreclosure at June 30, 2024 and December 31, 2023. The Company did not sell any foreclosed properties during the three and six months ended June 30, 2024 and 2023. 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 June 30, 2024 Commercial and industrial $ 597 $ 183 $ — $ 355 $ 1,135 $ 583,721 $ 584,856 $ — Real estate: Construction — — — — — 171,522 171,522 — Residential mortgage 626 1,352 1,273 7,991 11,242 1,901,935 1,913,177 7,991 Home equity 2,001 — 135 1,247 3,383 703,428 706,811 1,247 Commercial mortgage — — — 77 77 1,465,293 1,465,370 77 Consumer 4,891 1,525 896 587 7,899 534,009 541,908 — Total $ 8,115 $ 3,060 $ 2,304 $ 10,257 $ 23,736 $ 5,359,908 $ 5,383,644 $ 9,315 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual December 31, 2023 Commercial and industrial $ 513 $ 169 $ — $ 432 $ 1,114 $ 574,593 $ 575,707 $ — Real estate: Construction — — — — — 185,519 185,519 — Residential mortgage 3,082 2,140 — 4,962 10,184 1,917,605 1,927,789 4,855 Home equity 804 400 229 834 2,267 734,257 736,524 834 Commercial mortgage — — — 77 77 1,382,825 1,382,902 77 Consumer 5,677 2,329 1,083 703 9,792 620,749 630,541 — Total $ 10,076 $ 5,038 $ 1,312 $ 7,008 $ 23,434 $ 5,415,548 $ 5,438,982 $ 5,766 Collateral-Dependent Loans 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, which are individually evaluated to determine expected credit losses. The following tables present the amortized cost basis of collateral-dependent loans by class and the related ACL allocated to these loans as of the dates presented: (dollars in thousands) Secured by Secured by Total Allocated June 30, 2024 Real estate: Residential mortgage $ 9,435 $ — $ 9,435 $ — Home equity 1,247 — 1,247 — Commercial mortgage — 77 77 — Total $ 10,682 $ 77 $ 10,759 $ — (dollars in thousands) Secured by Secured by Total Allocated December 31, 2023 Real estate: Residential mortgage $ 6,450 $ — $ 6,450 $ 47 Home equity 834 — 834 — Commercial mortgage — 77 77 — Total $ 7,284 $ 77 $ 7,361 $ 47 Loan Modifications for Borrowers Experiencing Financial Difficulty Since the adoption of ASU 2022-02 on January 1, 2023 and d uring the three and six months ended June 30, 2024, t he Company has not had any material modifications to loans either individually or in the aggregate 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"). There were $0.8 million of TDRs included in nonperforming assets at June 30, 2024, compared to $0.9 million at December 31, 2023. There were $2.0 million of TDRs that were still accruing interest at June 30, 2024, compared to $2.1 million at December 31, 2023. None of the TDRs still accruing interest at June 30, 2024 and December 31, 2023 were more than 90 days delinquent. 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. Pass. Loans classified as pass are not adversely rated, are contractually current as to principal and interest, and are otherwise in compliance with the contractual terms of the loan agreement. Special Mention. Loans classified as special mention, while still adequately protected by the borrower's capital adequacy and payment capability, exhibit distinct weakening trends and/or elevated levels of exposure to external conditions. If left unchecked or uncorrected, these potential weaknesses may result in deteriorated prospects of repayment. These exposures require management's close attention so as to avoid becoming undue or unwarranted credit exposures. Substandard. Loans classified as substandard are inadequately protected by the borrower's current financial condition and payment capability or of the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize the orderly repayment of debt. They are characterized by the distinct possibility that the 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, with the added characteristic that the weaknesses make collection or orderly repayment in full, on the basis of current existing facts, conditions and values, highly questionable and improbable. Possibility of loss is extremely high, but because of certain important and reasonably specific factors that may work to the advantage and strengthening of the exposure, its classification as an estimate loss is deferred until its more exact status may be determined. Loss. Loans classified as loss are considered to be non-collectible and of such little value that their continuance as bankable assets is not warranted. This does not mean the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. Losses are taken in the period in which they surface as uncollectible. The following tables present the amortized cost basis, net of deferred fees and costs, 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 tables present gross charge-offs of loans by origination year during the periods presented. (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans June 30, 2024 2024 2023 2022 2021 2020 Prior Total Commercial and industrial: Risk Rating Pass $ 82,768 $ 66,377 $ 80,033 $ 74,516 $ 28,777 $ 152,988 $ 91,260 $ 576,719 Special Mention — 33 3,775 2,910 — — — 6,718 Substandard — 93 37 141 557 591 — 1,419 Subtotal 82,768 66,503 83,845 77,567 29,334 153,579 91,260 584,856 Construction: Risk Rating Pass 791 13,053 52,375 60,724 13,376 31,203 — 171,522 Subtotal 791 13,053 52,375 60,724 13,376 31,203 — 171,522 Residential mortgage: Risk Rating Pass 37,641 95,295 264,381 602,347 404,839 498,253 — 1,902,756 Special Mention — — — — — 247 — 247 Substandard — — 1,697 646 1,868 5,963 — 10,174 Subtotal 37,641 95,295 266,078 602,993 406,707 504,463 — 1,913,177 Home equity: Risk Rating Pass 661 11,619 30,352 18,589 7,880 25,505 610,823 705,429 Substandard — — — — — 1,247 135 1,382 Subtotal 661 11,619 30,352 18,589 7,880 26,752 610,958 706,811 Commercial mortgage: Risk Rating Pass 106,586 95,806 238,556 200,970 113,069 689,968 6,561 1,451,516 Special Mention — 624 — 1,450 — 5,254 — 7,328 Substandard — — — 1,097 — 5,429 — 6,526 Subtotal 106,586 96,430 238,556 203,517 113,069 700,651 6,561 1,465,370 Consumer: Risk Rating Pass 16,203 91,475 212,509 115,566 27,775 24,351 52,545 540,424 Substandard — 48 160 205 15 1,056 — 1,484 Subtotal 16,203 91,523 212,669 115,771 27,790 25,407 52,545 541,908 Total $ 244,650 $ 374,423 $ 883,875 $ 1,079,161 $ 598,156 $ 1,442,055 $ 761,324 $ 5,383,644 (dollars in thousands) Gross Charge-Offs by Year of Origination Six Months Ended June 30, 2024 2024 2023 2022 2021 2020 Prior Total Commercial and industrial $ 19 $ 74 $ 204 $ 184 $ 13 $ 707 $ 1,201 Real estate: Residential mortgage — — 76 — — 208 284 Consumer 5 392 5,460 2,318 283 725 9,183 Gross charge-offs $ 24 $ 466 $ 5,740 $ 2,502 $ 296 $ 1,640 $ 10,668 (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans December 31, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial: Risk Rating Pass $ 83,333 $ 82,649 $ 77,551 $ 32,831 $ 42,162 $ 152,940 $ 90,177 $ 561,643 Special Mention — — 2,916 — — 944 93 3,953 Substandard 37 1,189 576 662 571 7,026 50 10,111 Subtotal 83,370 83,838 81,043 33,493 42,733 160,910 90,320 575,707 Construction: Risk Rating Pass 8,434 52,596 69,203 18,878 2,136 31,090 2,778 185,115 Special Mention — — 404 — — — — 404 Subtotal 8,434 52,596 69,607 18,878 2,136 31,090 2,778 185,519 Residential mortgage: Risk Rating Pass 101,473 266,314 609,648 414,430 144,312 385,452 — 1,921,629 Special Mention — — — — — 268 — 268 Substandard — 1,057 299 931 818 2,787 — 5,892 Subtotal 101,473 267,371 609,947 415,361 145,130 388,507 — 1,927,789 Home equity: Risk Rating Pass 12,229 32,208 19,589 8,766 6,372 17,379 638,917 735,460 Substandard — — — — 66 998 — 1,064 Subtotal 12,229 32,208 19,589 8,766 6,438 18,377 638,917 736,524 Commercial mortgage: Risk Rating Pass 96,479 256,660 202,933 115,055 112,578 566,325 6,311 1,356,341 Special Mention — — — — 10,513 9,638 — 20,151 Substandard — — 2,587 — 1,654 2,169 — 6,410 Subtotal 96,479 256,660 205,520 115,055 124,745 578,132 6,311 1,382,902 Consumer: Risk Rating Pass 88,593 261,752 144,341 36,431 27,970 10,538 59,130 628,755 Substandard 58 231 205 87 83 1,084 10 1,758 Loss — — — — — 28 — 28 Subtotal 88,651 261,983 144,546 36,518 28,053 11,650 59,140 630,541 Total $ 390,636 $ 954,656 $ 1,130,252 $ 628,071 $ 349,235 $ 1,188,666 $ 797,466 $ 5,438,982 (dollars in thousands) Gross Charge-Offs by Year of Origination Six Months Ended June 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial $ — $ 212 $ 88 $ — $ 207 $ 634 $ 1,141 Consumer — 2,745 2,730 345 409 330 6,559 Gross charge-offs $ — $ 2,957 $ 2,818 $ 345 $ 616 $ 964 $ 7,700

ALLOWANCE FOR CREDIT LOSSES AND

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
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) Real Estate Three Months Ended June 30, 2024 Commercial and Industrial Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 7,008 $ 3,619 $ 16,026 $ 3,733 $ 17,004 $ 16,142 $ 63,532 Provision (credit) for credit losses on loans 452 179 (362) 96 333 1,750 2,448 Subtotal 7,460 3,798 15,664 3,829 17,337 17,892 65,980 Charge-offs (519) — (284) — — (4,345) (5,148) Recoveries 130 — 9 — — 1,254 1,393 Net (charge-offs) recoveries (389) — (275) — — (3,091) (3,755) Ending balance $ 7,071 $ 3,798 $ 15,389 $ 3,829 $ 17,337 $ 14,801 $ 62,225 (dollars in thousands) Real Estate Three Months Ended June 30, 2023 Commercial and Industrial Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 7,131 $ 3,087 $ 11,813 $ 4,037 $ 17,472 $ 19,559 $ 63,099 Provision (credit) for credit losses on loans 52 567 413 (87) (107) 3,297 4,135 Subtotal 7,183 3,654 12,226 3,950 17,365 22,856 67,234 Charge-offs (362) — — — — (3,873) (4,235) Recoveries 125 — 7 15 — 703 850 Net (charge-offs) recoveries (237) — 7 15 — (3,170) (3,385) Ending balance $ 6,946 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849 The following table presents the activities in the reserve for off-balance sheet credit exposures, included in other liabilities, during the periods presented. The (credit) provision for off-balance sheet credit exposures is included in the provision for credit losses on the Company's income statement during the periods presented. Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Beginning balance $ 3,521 $ 3,480 $ 3,706 $ 3,243 (Credit) provision for off-balance sheet credit exposures (209) 184 (394) 421 Ending balance $ 3,312 $ 3,664 $ 3,312 $ 3,664	(dollars in thousands) Real Estate Six Months Ended June 30, 2024 Commercial and Industrial Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 7,181 $ 4,004 $ 14,626 $ 3,501 $ 17,543 $ 17,079 $ 63,934 Provision (credit) for credit losses on loans 871 (206) 1,030 322 (206) 4,758 6,569 Subtotal 8,052 3,798 15,656 3,823 17,337 21,837 70,503 Charge-offs (1,201) — (284) — — (9,183) (10,668) Recoveries 220 — 17 6 — 2,147 2,390 Net (charge-offs) recoveries (981) — (267) 6 — (7,036) (8,278) Ending balance $ 7,071 $ 3,798 $ 15,389 $ 3,829 $ 17,337 $ 14,801 $ 62,225 (dollars in thousands) Real Estate Six Months Ended June 30, 2023 Commercial and Industrial Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 6,824 $ 2,867 $ 11,804 $ 4,114 $ 17,902 $ 20,227 $ 63,738 Provision (credit) for credit losses on loans 888 787 369 (164) (537) 4,407 5,750 Subtotal 7,712 3,654 12,173 3,950 17,365 24,634 69,488 Charge-offs (1,141) — — — — (6,559) (7,700) Recoveries 375 — 60 15 — 1,611 2,061 Net (charge-offs) recoveries (766) — 60 15 — (4,948) (5,639) Ending balance $ 6,946 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES	6 Months Ended
	Jun. 30, 2024
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) June 30, 2024 December 31, 2023 Investments in low-income housing tax credit partnerships, net of amortization $ 36,478 $ 37,838 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 80 111 Other 2,050 2,050 Total $ 40,155 $ 41,546 The Company had commitments to fund low-income housing tax credit ("LIHTC") partnerships totaling $47.8 million as of June 30, 2024 and December 31, 2023. Unfunded commitments related to LIHTC partnerships totaled $14.3 million and $22.0 million at June 30, 2024 and December 31, 2023, respectively, 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. The following table presents the expected payments for the unfunded commitments of LIHTC and other partnerships as of June 30, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, LIHTC Other Total 2024 (remainder) $ 9,696 $ 903 $ 10,599 2025 4,248 — 4,248 2026 26 — 26 2027 26 — 26 2028 20 — 20 2029 27 — 27 Thereafter 286 — 286 Total unfunded commitments $ 14,329 $ 903 $ 15,232 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Proportional amortization method: Amortization expense recognized in income tax expense $ 674 $ 714 $ 1,360 $ 1,428 Tax credits recognized in income tax expense 801 892 1,601 1,784 In 2021, the Company committed $2.0 million to the JAM FINTOP Banktech Fund, L.P. The Company does not have the ability to exercise significant influence over the JAM FINTOP Banktech Fund, L.P. and the investment does not have a readily determinable fair value. As a result, the Company determined that the cost method of accounting for the investment was appropriate. The Company had $0.9 million and $1.0 million in unfunded commitments related to the investment as of June 30, 2024 and December 31, 2023, respectively, which was recorded in other liabilities. During the first quarter of 2022, the Company invested $2.0 million in Swell Financial, Inc. ("Swell"). 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. 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 and 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). 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 June 30, 2024 and December 31, 2023. The intangible assets, net of accumulated amortization, totaling $1.4 million and $1.5 million are included in other assets on the Company's consolidated balance sheet as of June 30, 2024 and December 31, 2023, respectively.

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS	6 Months Ended
	Jun. 30, 2024
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, 2023 $ 8,696 Additions 310 Amortization (370) Balance at June 30, 2024 $ 8,636 Balance at December 31, 2022 $ 9,074 Additions 125 Amortization (356) Balance at June 30, 2023 $ 8,843 Income generated as the result of new MSR is reported as gains on sales of loans and totaled $0.2 million and $0.3 million for the three and six months ended June 30, 2024, respectively, compared to $0.1 million and $0.1 million for the three and six months ended June 30, 2023, respectively. Amortization of mortgage servicing rights totaled $0.2 million and $0.4 million f or the three and six months ended June 30, 2024, respectively, compared to $0.2 million and $0.4 million for the three and six months ended June 30, 2023, respectively. The following table presents the fair market value and key assumptions used in determining the fair market value of MSR as of the dates presented: (dollars in thousands) June 30, 2024 December 31, 2023 Fair market value, beginning of year $ 12,185 $ 12,061 Fair market value, end of period 12,151 12,185 Weighted average discount rate 9.5 % 9.5 % Weighted average prepayment speed assumption 11.0 11.2 The following table presents carrying values and accumulated amortization related to MSR as of the dates presented: June 30, 2024 December 31, 2023 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 70,050 $ (61,414) $ 8,636 $ 69,740 $ (61,044) $ 8,696 The following table presents the estimated amortization expense for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter, based on MSR held as of June 30, 2024: (dollars in thousands) Year Ending December 31, 2024 (remainder) $ 418 2025 893 2026 803 2027 719 2028 642 2029 563 Thereafter 4,598 Total $ 8,636 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. The Company noted no impairment or triggering events related to its MSR at June 30, 2024.

DERIVATIVES

DERIVATIVES	6 Months Ended
	Jun. 30, 2024
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. Derivative financial instruments are subject to credit and counterparty risk, which is defined as the risk of financial loss if a borrower or counterparty is either unable or unwilling to repay borrowings or settle transactions in accordance with the underlying contractual terms. Credit and counterparty risks associated with derivative financial instruments are similar to those relating to traditional financial instruments. The Company manages derivative credit and counterparty risk by evaluating the creditworthiness of each borrower or counterparty and requiring collateral where appropriate. Interest Rate Lock and Forward Sale Commitments The Company enters 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 also enters into forward loan sale commitments on the loans that are intended to be sold. 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 party to interest rate lock commitments on $2.8 million and $1.8 million of mortgage loans at June 30, 2024 and December 31, 2023, respectively. The Company was not a party to any forward sale commitments on mortgage loans at June 30, 2024 and December 31, 2023. Risk Participation Agreements The Company enters into credit risk participation agreements ("RPA") with financial institution counterparties for interest rate swaps related to loans in which it 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 RPAs are accounted for as undesignated derivatives and are recorded at fair value, with changes in fair value recorded in current period earnings. The Company was party to RPAs with total notional amounts of $35.6 million and $36.0 million at June 30, 2024 and December 31, 2023, respectively. The fair value of the RPAs was insignificant to the consolidated financial statements at June 30, 2024 and December 31, 2023. Back-to-Back Swap Agreements The Company established a program whereby it originates a variable rate loan and enters into a variable-to-fixed interest rate swap with the customer. The Company also enters into an equal and offsetting swap with a highly rated third-party financial institution. These "back-to-back swap agreements" are intended to offset each other and allow the Company to originate a variable rate loan, while providing a contract for fixed interest payments for the customer. The net cash flow for the Company is equal to the interest income received from a variable rate loan originated with the customer. These back-to-back swap agreements are free-standing derivatives and recorded at fair value on our consolidated balance sheet in other assets or other liabilities. The Company was party to swap agreements with its borrowers with total notional amounts of $50.6 million and $51.1 million at June 30, 2024 and December 31, 2023, respectively, offset by swap agreements with third party financial institutions with the same total notional amounts. The Company received $14.4 million and $9.6 million in counter-party cash collateral related to the back-to-back swap agreements at June 30, 2024 and December 31, 2023, respectively. Interest Rate Swap 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 of $115.5 million and was designated as a fair value hedge of certain municipal debt securities. The Company pays the counterparty a fixed rate of 2.095% and receives 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. At June 30, 2024, the hedge was determined to be effective and the Company expects the hedge to remain effective during the remaining term. During the three and six months ended June 30, 2024, the Company recorded income from the interest rate swap of $0.9 million and $0.8 million, respectively. 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 June 30, December 31, June 30, December 31, Interest rate lock and forward sale commitments Other assets / other liabilities $ 1 $ — $ 4 $ 34 Back-to-back swap agreements Other assets / other liabilities 4,237 3,547 4,237 3,547 Derivative Financial Instruments Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location June 30, December 31, June 30, December 31, Interest rate swap Other assets / other liabilities $ 9,304 $ 6,440 $ — $ — 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 June 30, 2024 Interest rate lock and forward sale commitments Mortgage banking income $ (4) Back-to-back swap agreements Other service charges and fees — Three Months Ended June 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income 16 Loans held for sale Other income (4) Back-to-back swap agreements Other service charges and fees 35 Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Six Months Ended June 30, 2024 Interest rate lock and forward sale commitments Mortgage banking income $ 31 Loans held for sale Other income (17) Back-to-back swap agreements Other service charges and fees 80 Six Months Ended June 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income 8 Loans held for sale Other income (1) Back-to-back swap agreements Other service charges and fees 35 Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended June 30, 2024 Interest rate swap Interest income $ 884 Three Months Ended June 30, 2023 Interest rate swap Interest income (116) Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Six Months Ended June 30, 2024 Interest rate swap Interest income $ 776 Six Months Ended June 30, 2023 Interest rate swap Interest income (59) The following table presents the amounts recorded on the consolidated balance sheets related to cumulative basis adjustments for fair value hedges as of the periods presented: Line Item in the Consolidated Balance Sheets (dollars in thousands) June 30, 2024 December 31, 2023 Investment securities, available-for-sale: Carrying Amount of the Hedged Assets $ 89,600 $ 90,636 Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets (9,848) (6,817)

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2024
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 $1.87 billion line of credit as of June 30, 2024, compared to $1.93 billion at December 31, 2023. At June 30, 2024, $1.74 billion was undrawn under this arrangement, compared to $1.81 billion at December 31, 2023. There were no short-term borrowings outstanding under this arrangement at June 30, 2024 and December 31, 2023. There were $50.0 million in long-term advances under the FHLB arrangement bearing interest rates between 4.02% and 4.62% at June 30, 2024 and December 31, 2023. The FHLB provides standby letters of credit on behalf of the Bank to secure certain public deposits. If the FHLB is required to make a payment on a standby letter of credit, the payment amount is converted to an advance at the FHLB. Standby letters of credit under this arrangement that are used to collateralize certain government deposits totaled $79.0 million as of June 30, 2024, compared to $72.0 million as of December 31, 2023. The letters of credit are counted against the total line of credit, the same as the current outstanding debt, to determine the undrawn or total available line of credit. In accordance with the collateral provisions of the Advances, Security and Deposit Agreement with the FHLB, the FHLB advances and standby letters of credit available at June 30, 2024 and December 31, 2023 were secured by certain real estate loans with a carrying value of approximately $3.14 billion and $3.16 billion, respectively. The Bank had additional unused borrowings available at the Federal Reserve Discount Window of $238.3 million and $285.8 million at June 30, 2024 and December 31, 2023, respectively. Certain commercial and commercial real estate loans with a par value totaling $131.8 million and $135.1 million at June 30, 2024 and December 31, 2023, respectively, were pledged as collateral on our line of credit with the Federal Reserve. In addition, investment securities with a par value of $190.6 million and $196.7 million as of June 30, 2024 and December 31, 2023, respectively, were pledged to the Federal Reserve in support of the line of credit. The Federal Reserve does not have the right to sell or repledge these loans and investment securities. The Bank had additional unused and unsecured credit lines available totaling $75.0 million at June 30, 2024 and December 31, 2023. Subordinated Debentures 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 June 30, 2024 December 31, 2023 Interest Rate Trust IV $ 30,928 $ 30,928 Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 2.45% Trust V 20,619 20,619 Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 1.87% Total $ 51,547 $ 51,547 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 Company is not considered the primary beneficiary of Trusts IV and V. Therefore, the trusts are not considered variable interest entities and are not consolidated in the Company's financial statements. Rather the subordinated debentures are shown as liabilities on the Company's consolidated balance sheets. The Company's investments 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 are included in Tier 1 capital, with certain limitations applicable, under 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 June 30, 2024 December 31, 2023 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 are included in Tier 2 capital, with certain limitations applicable, under current regulatory guidelines and interpretations. The subordinated notes had a carrying value of $54.7 million, net of unamortized debt issuance costs of $0.3 million, at June 30, 2024.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 Three Months Ended June 30, 2023 (dollars in thousands) In-Scope Out-of-Scope Total In-Scope Out-of-Scope Total Other operating income: Mortgage banking income $ 202 $ 838 $ 1,040 $ 174 $ 516 $ 690 Service charges on deposit accounts 2,135 — 2,135 2,137 — 2,137 Other service charges and fees 5,348 521 5,869 4,402 592 4,994 Income from fiduciary activities 1,449 — 1,449 1,068 — 1,068 Income from bank-owned life insurance — 1,234 1,234 — 1,185 1,185 Other — 394 394 — 361 361 Total other operating income $ 9,134 $ 2,987 $ 12,121 $ 7,781 $ 2,654 $ 10,435

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	10. SHARE-BASED COMPENSATION Restricted and Performance Stock Units Under the Company's 2023 Stock Compensation Plan, the Company awarded restricted stock units ("RSUs") and performance stock units ("PSUs") to certain non-officer directors and senior management personnel. The awards typically vest over a two three The following table presents the activities of RSUs and PSUs for the six months ended June 30, 2024: (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 224,579 $ 24.76 Changes during the period: Granted 137,911 19.41 Forfeited (1,648) 20.59 Vested (73,841) 23.75 $ 1,433 Non-vested RSUs and PSUs, end of period 287,001 22.48

SUPPLEMENTAL EXECUTIVE RETIREME

SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS	6 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS	11. SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS In 1995, 2001, 2004 and 2006, the Bank established Supplemental Executive Retirement Plans ("SERP"), 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"), the Company assumed CBBI's SERP obligation. The projected benefit obligation of the unfunded SERP is recorded in other liabilities on the Company's consolidated balance sheets. The projected benefit obligation was $9.3 million at June 30, 2024 and December 31, 2023. The following table presents the components of net periodic benefit cost for the SERP for the periods presented: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Interest cost $ 108 $ 112 $ 216 $ 224 Amortization of net actuarial gain — (19) — (38) Amortization of net transition obligation — 2 — 4 Net periodic benefit cost $ 108 $ 95 $ 216 $ 190 All components of net periodic benefit cost are included in other operating expenses in the Company's consolidated statements of income.

OPERATING LEASES

OPERATING LEASES	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
LEASES	12. OPERATING LEASES The Company leases certain land and buildings for its 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 June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Lease cost: Operating lease cost $ 1,437 $ 1,327 $ 2,740 $ 2,652 Variable lease cost 927 934 1,862 1,822 Less: Sublease income — (17) — (34) Total lease cost $ 2,364 $ 2,244 $ 4,602 $ 4,440 Other information: Operating cash flows from operating leases $ (1,425) $ (1,302) $ (2,682) $ (2,692) Weighted-average remaining lease term - operating leases 10.87 years 10.98 years 10.87 years 10.98 years Weighted-average discount rate - operating leases 4.09 % 3.96 % 4.09 % 3.96 % 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 June 30, 2024, for the remainder of fiscal year 2024, 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, 2024 (remainder) $ 2,443 $ 644 $ 1,799 2025 4,499 1,179 3,320 2026 4,441 1,050 3,391 2027 4,428 915 3,513 2028 3,611 794 2,817 2029 3,144 688 2,456 Thereafter 18,965 2,839 16,126 Total $ 41,531 $ 8,109 $ 33,422 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 June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Total rental income recognized $ 511 $ 563 $ 1,020 $ 1,125 The following table presents estimated lease payments, based on the Company's leases as lessor as of June 30, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, 2024 (remainder) $ 644 2025 1,157 2026 1,015 2027 960 2028 608 2029 553 Thereafter 1,293 Total $ 6,230
LEASES	12. OPERATING LEASES The Company leases certain land and buildings for its 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 June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Lease cost: Operating lease cost $ 1,437 $ 1,327 $ 2,740 $ 2,652 Variable lease cost 927 934 1,862 1,822 Less: Sublease income — (17) — (34) Total lease cost $ 2,364 $ 2,244 $ 4,602 $ 4,440 Other information: Operating cash flows from operating leases $ (1,425) $ (1,302) $ (2,682) $ (2,692) Weighted-average remaining lease term - operating leases 10.87 years 10.98 years 10.87 years 10.98 years Weighted-average discount rate - operating leases 4.09 % 3.96 % 4.09 % 3.96 % 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 June 30, 2024, for the remainder of fiscal year 2024, 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, 2024 (remainder) $ 2,443 $ 644 $ 1,799 2025 4,499 1,179 3,320 2026 4,441 1,050 3,391 2027 4,428 915 3,513 2028 3,611 794 2,817 2029 3,144 688 2,456 Thereafter 18,965 2,839 16,126 Total $ 41,531 $ 8,109 $ 33,422 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 June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Total rental income recognized $ 511 $ 563 $ 1,020 $ 1,125 The following table presents estimated lease payments, based on the Company's leases as lessor as of June 30, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, 2024 (remainder) $ 644 2025 1,157 2026 1,015 2027 960 2028 608 2029 553 Thereafter 1,293 Total $ 6,230

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 Net change in fair value of investment securities: Net unrealized gains on AFS investment securities arising during the period $ 370 $ 96 $ 274 Amortization of unrealized losses on investment securities transferred to HTM 1,867 493 1,374 Net change in fair value of investment securities 2,237 589 1,648 Net change in fair value of derivatives: Net unrealized losses arising during the period (22) (6) (16) Net change in fair value of derivatives (22) (6) (16) Other comprehensive income $ 2,215 $ 583 $ 1,632 (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2023 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (8,204) $ (2,179) $ (6,025) Amortization of unrealized losses on investment securities transferred to HTM 1,976 525 1,451 Net change in fair value of investment securities (6,228) (1,654) (4,574) Net change in fair value of derivatives: Net unrealized gains arising during the period 2,777 737 2,040 Net change in fair value of derivatives 2,777 737 2,040 SERP: Amortization of net actuarial gain (20) (5) (15) Amortization of net transition obligation 2 — 2 SERP (18) (5) (13) Other comprehensive loss $ (3,469) $ (922) $ (2,547) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2024 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (6,665) $ (1,759) $ (4,906) Amortization of unrealized losses on investment securities transferred to HTM 3,505 925 2,580 Net change in fair value of investment securities (3,160) (834) (2,326) Net change in fair value of derivatives: Net unrealized gains arising during the period 3,031 800 2,231 Net change in fair value of derivatives 3,031 800 2,231 Other comprehensive loss $ (129) $ (34) $ (95) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2023 Net change in fair value of investment securities: Net unrealized gains on AFS investment securities arising during the period $ 7,054 $ 1,873 $ 5,181 Amortization of unrealized losses on investment securities transferred to HTM 3,644 968 2,676 Net change in fair value of investment securities 10,698 2,841 7,857 Net change in fair value of derivatives: Net unrealized gains arising during the period $ 1,178 $ 301 $ 877 Net change in fair value of derivatives 1,178 301 877 SERP: Amortization of net actuarial gain (39) (10) (29) Amortization of net transition obligation 4 — 4 SERP (35) (10) (25) Other comprehensive income $ 11,841 $ 3,132 $ 8,709 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 SERP AOCI Three Months Ended June 30, 2024 Balance at beginning of period $ (131,896) $ 7,276 $ 297 $ (124,323) Other comprehensive income (loss) before reclassifications 274 (16) — 258 Reclassification adjustments from AOCI 1,374 — — 1,374 Total other comprehensive income (loss) 1,648 (16) — 1,632 Balance at end of period $ (130,248) $ 7,260 $ 297 $ (122,691) (dollars in thousands) Investment Securities Derivatives SERP AOCI Three Months Ended June 30, 2023 Balance at beginning of period $ (136,678) $ 3,482 $ 468 $ (132,728) Other comprehensive income (loss) before reclassifications (6,025) 2,040 — (3,985) Reclassification adjustments from AOCI 1,451 — (13) 1,438 Total other comprehensive income (loss) (4,574) 2,040 (13) (2,547) Balance at end of period $ (141,252) $ 5,522 $ 455 $ (135,275) (dollars in thousands) Investment Securities Derivatives SERP AOCI Six Months Ended June 30, 2024 Balance at beginning of period $ (127,922) $ 5,029 $ 297 $ (122,596) Other comprehensive income (loss) before reclassifications (4,906) 2,231 — (2,675) Reclassification adjustments from AOCI 2,580 — — 2,580 Total other comprehensive income (loss) (2,326) 2,231 — (95) Balance at end of period $ (130,248) $ 7,260 $ 297 $ (122,691) (dollars in thousands) Investment Securities Derivatives SERP AOCI Six Months Ended June 30, 2023 Balance at beginning of period $ (149,109) $ 4,645 $ 480 $ (143,984) Other comprehensive income (loss) before reclassifications 5,181 877 — 6,058 Reclassification adjustments from AOCI 2,676 — (25) 2,651 Total other comprehensive income (loss) 7,857 877 (25) 8,709 Balance at end of period $ (141,252) $ 5,522 $ 455 $ (135,275) 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 June 30, Details about AOCI Components 2024 2023 Amortization of unrealized losses on investment securities transferred to HTM: Amortization $ 1,867 $ 1,976 Interest and dividends on investment securities Tax effect (493) (525) Income tax benefit Net of tax 1,374 1,451 SERP: Amortization of net actuarial gain — (20) Other operating expense - other Amortization of net transition obligation — 2 Other operating expense - other Total before tax — (18) Tax effect — 5 Income tax expense Net of tax — (13) Total reclassification adjustments from AOCI for the period, net of tax $ 1,374 $ 1,438 Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Six Months Ended June 30, Details about AOCI Components 2024 2023 Amortization of unrealized losses on investment securities transferred to HTM: Amortization $ 3,505 $ 3,644 Interest and dividends on investment securities Tax effect (925) (968) Income tax benefit Net of tax 2,580 2,676 SERP: Amortization of net actuarial gain — (39) Other operating expense - other Amortization of net transition obligation — 4 Other operating expense - other Total before tax — (35) Tax effect — 10 Income tax expense Net of tax — (25) Total reclassification adjustments from AOCI for the period, net of tax $ 2,580 $ 2,651

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, (dollars in thousands, except per share data) 2024 2023 2024 2023 Net income $ 15,817 $ 14,475 $ 28,762 $ 30,662 Weighted average common shares outstanding - basic 27,053,549 27,024,043 27,050,037 27,011,659 Dilutive effect of employee stock options and awards 62,800 47,435 56,230 78,599 Weighted average common shares outstanding - diluted 27,116,349 27,071,478 27,106,267 27,090,258 Basic earnings per share $ 0.58 $ 0.54 $ 1.06 $ 1.14 Diluted earnings per share $ 0.58 $ 0.53 $ 1.06 $ 1.13 Anti-dilutive employee stock options and awards 2,917 60,627 1,890 25,671

FAIR VALUE OF FINANCIAL ASSETS

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2024
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. The weighted average discount rate used in the valuation of loans was 7.14% and 6.86% as of June 30, 2024 and December 31, 2023, respectively . In accordance with ASU 2016-01, the fair values 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. The weighted average discount rate used in the valuation of time deposits was 5.47% and 5.48% as of June 30, 2024 and December 31, 2023, respectively . Long-Term Debt The fair values 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. The weighted average discount rate used in the valuation of long-term debt was 6.82% and 6.83% a s of June 30, 2024 and December 31, 2023, respectively . Derivatives The fair values of derivative financial instruments are based upon current market values, if available. If there are no relevant comparable values, fair values are based on pricing models using current assumptions for interest rate swaps and options. Off-Balance Sheet Financial Instruments The fair values of off-balance sheet financial instruments are estimated based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties, current settlement values or quoted market prices of comparable instruments. Limitations Fair value estimates are made at a specific point in time based on relevant market and financial instrument information. These estimates do not reflect any premium or discount that could result from offering for sale at one time our entire holdings of a particular financial instrument. Because no market exists for a significant portion of our financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates cannot be determined with precision as they are subjective in nature and involve uncertainties and matters of significant judgment. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of future business and the value of assets and liabilities that are not considered financial instruments. For example, significant assets and liabilities that are not considered financial assets or liabilities include deferred tax assets, premises and equipment and intangible assets. Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant June 30, 2024 Financial assets: Cash and due from financial institutions $ 103,829 $ 103,829 $ 103,829 $ — $ — Interest-bearing deposits in other financial institutions 195,062 195,062 195,062 — — Investment securities 1,292,586 1,204,807 30,117 1,167,742 6,948 Loans held for sale 3,950 3,950 — 3,950 — Loans 5,383,644 4,943,289 — — 4,943,289 Accrued interest receivable 23,184 23,184 341 4,130 18,713 Financial liabilities: Deposits: Noninterest-bearing demand 1,847,173 1,847,173 1,847,173 — — Interest-bearing demand and savings and money market 3,517,780 3,517,780 3,517,780 — — Time 1,217,502 1,207,020 — — 1,207,020 Long-term debt 156,223 150,309 — — 150,309 Accrued interest payable 14,998 14,998 109 — 14,889 Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant June 30, 2024 Off-balance sheet financial instruments: Commitments to extend credit $ 1,227,966 $ — $ 1,164 $ — $ 1,164 $ — Standby letters of credit and financial guarantees written 3,514 — 53 — 53 — Derivatives: Interest rate lock commitments 2,753 (3) (3) — (3) — Risk participation agreements 35,605 — — — — — Back-to-back swap agreements: Assets 50,645 4,237 4,237 — — 4,237 Liabilities (50,645) (4,237) (4,237) — — (4,237) Interest rate swap agreements 115,545 9,304 9,304 — — 9,304 Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2023 Financial assets: Cash and due from financial institutions $ 116,181 $ 116,181 $ 116,181 $ — $ — Interest-bearing deposits in other financial institutions 406,256 406,256 406,256 — — Investment securities 1,279,548 1,212,388 — 1,205,238 7,150 Loans held for sale 1,778 1,778 — 1,778 — Loans 5,438,982 5,089,292 — — 5,089,292 Accrued interest receivable 21,511 21,511 342 4,043 17,126 Financial liabilities: Deposits: Noninterest-bearing demand 1,913,379 1,913,379 1,913,379 — — Interest-bearing demand and savings and money market 3,538,922 3,538,922 3,538,922 — — Time 1,395,291 1,385,473 — — 1,385,473 Long-term debt 156,102 153,073 — — 153,073 Accrued interest payable 18,948 18,948 85 — 18,863 Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2023 Off-balance sheet financial instruments: Commitments to extend credit $ 1,275,331 $ — $ 1,210 $ — $ 1,210 $ — Standby letters of credit and financial guarantees written 3,301 — 50 — 50 — Derivatives: Interest rate lock commitments 1,807 (34) (34) — (34) — Risk participation agreements 36,022 — — — — — Back-to-back swap agreements: Assets 51,059 3,547 3,547 — — 3,547 Liabilities (51,059) (3,547) (3,547) — — (3,547) Interest rate swap agreements 115,545 6,440 6,440 — — 6,440 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, individually evaluated 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 June 30, 2024 Available-for-sale securities: Debt securities: States and political subdivisions $ 121,475 $ — $ 115,221 $ 6,254 Corporate securities 31,463 — 31,463 — U.S. Treasury and other government-sponsored entities and agencies 53,731 30,117 23,614 — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 353,954 — 353,954 — Residential - Non-government agencies 17,448 — 16,754 694 Commercial - U.S. government-sponsored entities and agencies 83,512 — 83,512 — Commercial - Non-government agencies 15,136 — 15,136 — Total available-for-sale investment securities 676,719 30,117 639,654 6,948 Derivatives: Interest rate lock commitments (3) — (3) — Interest rate swap agreements 9,304 — — 9,304 Total derivatives 9,301 — (3) 9,304 Total $ 686,020 $ 30,117 $ 639,651 $ 16,252 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant December 31, 2023 Available-for-sale securities: Debt securities: States and political subdivisions $ 126,635 $ — $ 120,199 $ 6,436 Corporate securities 31,414 — 31,414 — U.S. Treasury and other government-sponsored entities and agencies 26,197 — 26,197 — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 378,386 — 378,386 — Residential - Non-government agencies 18,708 — 17,994 714 Commercial - U.S. government-sponsored entities and agencies 50,914 — 50,914 — Commercial - Non-government agencies 14,956 — 14,956 — Total available-for-sale investment securities 647,210 — 640,060 7,150 Derivatives: Interest rate lock commitments (34) — (34) — Interest rate swap agreements 6,440 — — 6,440 Total derivatives 6,406 — (34) 6,440 Total $ 653,616 $ — $ 640,026 $ 13,590 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, 2023 $ 6,436 $ 714 $ 6,440 $ 13,590 Principal payments received (120) (12) — (132) Unrealized net gain (loss) included in other comprehensive income (62) (8) 2,864 2,794 Balance at June 30, 2024 $ 6,254 $ 694 $ 9,304 $ 16,252 Balance at December 31, 2022 $ 6,584 $ 684 $ 5,986 $ 13,254 Principal payments received (114) (11) — (125) Unrealized net gain included in other comprehensive income 1,129 41 1,119 2,289 Balance at June 30, 2023 $ 7,599 $ 714 $ 7,105 $ 15,418 Based on a discounted cash flow model that calculates the present value of estimated future principal and interest payments, the estimated aggregate fair value of Level 3 financial assets and liabilities measured at fair value on a recurring basis was $16.3 million and $13.6 million as of June 30, 2024 and December 31, 2023 , respectively. The weighted-average discount rate was used as the significant unobservable input in the fair value measurement of the available-for-sale debt securities. The weighted average discount rate utilized was 6.54% and 6.12% as of June 30, 2024 and December 31, 2023, respectively, which was derived by incorporating a credit spread over the FHLB Fixed-Rate Advance curve. Significant increases (decreases) in the weighted-average discount rate could result in a significantly lower (higher) fair value measurement. The significant unobservable input used in the fair value measurement of the Company's interest rate swap is the weighted-average discount rate. The weighted average discount rate utilized was 4.07% and 3.34% as of June 30, 2024 and December 31, 2023, respectively. There were no financial assets or liabilities measured on a nonrecurring basis as of June 30, 2024 and December 31, 2023.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	6 Months Ended
	Jun. 30, 2024
Legal Proceedings [Abstract]
LEGAL PROCEEDINGS	16. LEGAL PROCEEDINGS

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Total reclassification adjustments from AOCI for the period, net of tax	$ 15,817	$ 12,945	$ 14,475	$ 16,187	$ 28,762	$ 30,662

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
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)	6 Months Ended
	Jun. 30, 2024
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 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, 2023. 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. 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. In addition, the Company uses a qualitative factor for forecast imprecision to account for economic and market volatility or instability. The ACL for loans is measured on a collective or pool basis when similar risk characteristics exist. 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 include 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 relate 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 automobile dealer loans. The predominant risk characteristics of this segment relate 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. The following table presents the Company's loan portfolio segments and the methodology used to measure expected credit losses. 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 Forecast Length Reversion Method Loan Segment After June 30, 2023 June 30, 2023 Commercial and industrial - SBA PPP Zero Loss Zero Loss 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 Consumer - Purchased portfolios WARM WARM 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. At the time of the methodology update, 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 is utilizing an industry leading software platform to perform the DCF analysis using a historical look back period of 2008 to present. 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 from the third quarter of 2023 to present: 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 Maturity 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. The following is a description of the methodologies utilized to measure expected credit losses as of June 30, 2023 and prior: 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 followed for the length of the migration period to identify the amount of associated charge-offs and recoveries. A loss rate for each migration period is calculated using the formula: net charge-offs over the period divided by beginning loan balance. Other Under both the previous and current methodologies utilized to measure expected credit losses, 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.
Impact of Other Recently Issued Accounting Pronouncements on Future Filings	Impact of Other Recently Issued Accounting Pronouncements on Future Filings In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" . ASU 2023-09 expands existing income tax disclosures for rate reconciliations by requiring disclosure of certain specific categories in the rate reconciliation, as well as additional qualitative information about the reconciliation, and additional disaggregated information about income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and is to be applied on a prospective basis. The Company does not expect ASU 2023-09 to have a material impact on its consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Financing Receivable Portfolio Segments	The following table presents the Company's loan portfolio segments and the methodology used to measure expected credit losses. 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 Forecast Length Reversion Method Loan Segment After June 30, 2023 June 30, 2023 Commercial and industrial - SBA PPP Zero Loss Zero Loss 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 Consumer - Purchased portfolios WARM WARM

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Summary of available for sale and held to maturity investment securities	The amortized cost, gross unrecognized/unrealized gains and losses, fair value and related ACL on available-for-sale ("AFS") and held-to-maturity ("HTM") debt securities at June 30, 2024 and December 31, 2023 are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) June 30, 2024 Available-for-sale: Debt securities: States and political subdivisions $ 151,771 $ 3 $ (30,299) $ 121,475 $ — Corporate securities 35,492 — (4,029) 31,463 — U.S. Treasury and other government-sponsored entities and agencies 55,662 147 (2,078) 53,731 — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 416,128 50 (62,224) 353,954 — Residential - Non-government agencies 18,454 135 (1,141) 17,448 — Commercial - U.S. government-sponsored entities and agencies 98,346 — (14,834) 83,512 — Commercial - Non-government agencies 15,269 — (133) 15,136 — Total available-for-sale investment securities $ 791,122 $ 335 $ (114,738) $ 676,719 $ — Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) June 30, 2024 Held-to-maturity: Debt securities: States and political subdivisions $ 42,002 $ — $ (8,138) $ 33,864 $ — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 573,865 — (79,641) 494,224 — Total held-to-maturity investment securities $ 615,867 $ — $ (87,779) $ 528,088 $ — Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value ACL (dollars in thousands) December 31, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 156,432 $ 13 $ (29,810) $ 126,635 $ — Corporate securities 35,731 — (4,317) 31,414 — U.S. Treasury and other government-sponsored entities and agencies 28,105 33 (1,941) 26,197 — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 441,898 95 (63,607) 378,386 — Residential - Non-government agencies 19,322 366 (980) 18,708 — Commercial - U.S. government-sponsored entities and agencies 58,318 — (7,404) 50,914 — Commercial - Non-government agencies 15,144 — (188) 14,956 — Total available-for-sale investment securities $ 754,950 $ 507 $ (108,247) $ 647,210 $ — Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value ACL (dollars in thousands) December 31, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ 41,959 $ — $ (6,706) $ 35,253 $ — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 590,379 61 (60,515) 529,925 — Total held-to-maturity investment securities $ 632,338 $ 61 $ (67,221) $ 565,178 $ —
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 AFS and HTM debt securities at June 30, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. (dollars in thousands) Amortized Cost Fair Value Weighted Average Yield (1) Available-for-sale: Debt securities: Due in one year or less $ 1,361 $ 1,357 2.67 % Due after one year through five years 53,764 49,405 2.74 Due after five years through ten years 63,131 60,566 4.00 Due after ten years 124,669 95,341 2.44 Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 416,128 353,954 2.21 Residential - Non-government agencies 18,454 17,448 4.56 Commercial - U.S. government-sponsored entities and agencies 98,346 83,512 2.75 Commercial - Non-government agencies 15,269 15,136 5.07 Total available-for-sale securities $ 791,122 $ 676,719 2.63 % (dollars in thousands) Amortized Cost Fair Value Weighted Average Yield (1) Held-to-maturity: Debt securities: Due after ten years $ 42,002 $ 33,864 2.26 % Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 573,865 494,224 1.92 Total held-to-maturity securities $ 615,867 $ 528,088 1.94 % (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 summarize AFS and HTM investment securities, which were in a loss position as of the dates presented, aggregated by major security type and length of time in a continuous loss position. There were a total of 229 and 208 AFS investment securities which were in an unrealized loss position, without an ACL, at June 30, 2024 and December 31, 2023, respectively. There were a total of 83 and 82 HTM investment securities which were in an unrecognized loss position, without an ACL, at June 30, 2024 and December 31, 2023, 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 June 30, 2024 Available-for-sale: Debt securities: States and political subdivisions $ 8,438 $ (109) $ 110,179 $ (30,190) $ 118,617 $ (30,299) Corporate securities — — 31,463 (4,029) 31,463 (4,029) U.S. Treasury and other government-sponsored entities and agencies 26,659 (195) 15,239 (1,883) 41,898 (2,078) Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 19,271 (181) 325,104 (62,043) 344,375 (62,224) Residential - Non-government agencies 5,437 (101) 7,826 (1,040) 13,263 (1,141) Commercial - U.S. government-sponsored entities and agencies 22,917 (1,234) 60,595 (13,600) 83,512 (14,834) Commercial - Non-government agencies — — 15,136 (133) 15,136 (133) Total $ 82,722 $ (1,820) $ 565,542 $ (112,918) $ 648,264 $ (114,738) Less Than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrecognized Losses Fair Value Unrecognized Losses Fair Value Unrecognized Losses June 30, 2024 Held-to-maturity: Debt securities: States and political subdivisions $ — $ — $ 33,864 $ (8,138) $ 33,864 $ (8,138) Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 8,048 (76) 486,176 (79,565) 494,224 (79,641) Total $ 8,048 $ (76) $ 520,040 $ (87,703) $ 528,088 $ (87,779) 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, 2023 Available-for-sale: Debt securities: States and political subdivisions $ 534 $ (1) $ 114,601 $ (29,809) $ 115,135 $ (29,810) Corporate securities — — 31,414 (4,317) 31,414 (4,317) U.S. Treasury and other government-sponsored entities and agencies 2,893 (87) 16,286 (1,854) 19,179 (1,941) Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies — — 367,887 (63,607) 367,887 (63,607) Residential - Non-government agencies — — 8,169 (980) 8,169 (980) Commercial - U.S. government-sponsored entities and agencies 6,467 (1) 44,447 (7,403) 50,914 (7,404) Commercial - Non-government agencies 9,663 (130) 5,293 (58) 14,956 (188) Total $ 19,557 $ (219) $ 588,097 $ (108,028) $ 607,654 $ (108,247) 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, 2023 Held-to-maturity: Debt securities: States and political subdivisions $ — $ — $ 35,253 $ (6,706) $ 35,253 $ (6,706) Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 8,853 (33) 512,378 (60,482) 521,231 (60,515) Total $ 8,853 $ (33) $ 547,631 $ (67,188) $ 556,484 $ (67,221)

LOANS AND CREDIT QUALITY (Table

LOANS AND CREDIT QUALITY (Tables)	6 Months Ended
	Jun. 30, 2024
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 deferred fees and costs as of the dates presented: (dollars in thousands) June 30, 2024 December 31, 2023 Commercial and industrial $ 585,048 $ 576,038 Real estate: Construction 171,918 185,994 Residential mortgage 1,912,753 1,927,206 Home equity 704,836 734,500 Commercial mortgage 1,467,273 1,384,579 Consumer 542,241 630,898 Gross loans 5,384,069 5,439,215 Deferred fees and costs, net (425) (233) Total loans, net of deferred fees and costs $ 5,383,644 $ 5,438,982
Financing Receivable, Purchased With Credit Deterioration	The following tables present loans purchased by class for the periods presented. None of these loan purchases were categorized as purchased credit deteriorated ("PCD") and there were no loans categorized as PCD during the periods presented. Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 (dollars in thousands) U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total U.S. Mainland Consumer - Unsecured U.S. Mainland Consumer - Automobile Total Purchases: Outstanding balance $ — $ 12,384 $ 12,384 $ 152 $ — $ 152 Premium — 247 247 — — — Purchase price $ — $ 12,631 $ 12,631 $ 152 $ — $ 152 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 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 $ — $ 12,384 $ 12,384 $ 3,932 $ 15,159 $ 19,091 Premium — 247 247 — 568 568 Purchase price $ — $ 12,631 $ 12,631 $ 3,932 $ 15,727 $ 19,659
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 June 30, 2024 Commercial and industrial $ 597 $ 183 $ — $ 355 $ 1,135 $ 583,721 $ 584,856 $ — Real estate: Construction — — — — — 171,522 171,522 — Residential mortgage 626 1,352 1,273 7,991 11,242 1,901,935 1,913,177 7,991 Home equity 2,001 — 135 1,247 3,383 703,428 706,811 1,247 Commercial mortgage — — — 77 77 1,465,293 1,465,370 77 Consumer 4,891 1,525 896 587 7,899 534,009 541,908 — Total $ 8,115 $ 3,060 $ 2,304 $ 10,257 $ 23,736 $ 5,359,908 $ 5,383,644 $ 9,315 (dollars in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Not Total Loans Nonaccrual December 31, 2023 Commercial and industrial $ 513 $ 169 $ — $ 432 $ 1,114 $ 574,593 $ 575,707 $ — Real estate: Construction — — — — — 185,519 185,519 — Residential mortgage 3,082 2,140 — 4,962 10,184 1,917,605 1,927,789 4,855 Home equity 804 400 229 834 2,267 734,257 736,524 834 Commercial mortgage — — — 77 77 1,382,825 1,382,902 77 Consumer 5,677 2,329 1,083 703 9,792 620,749 630,541 — Total $ 10,076 $ 5,038 $ 1,312 $ 7,008 $ 23,434 $ 5,415,548 $ 5,438,982 $ 5,766
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 and the related ACL allocated to these loans as of the dates presented: (dollars in thousands) Secured by Secured by Total Allocated June 30, 2024 Real estate: Residential mortgage $ 9,435 $ — $ 9,435 $ — Home equity 1,247 — 1,247 — Commercial mortgage — 77 77 — Total $ 10,682 $ 77 $ 10,759 $ — (dollars in thousands) Secured by Secured by Total Allocated December 31, 2023 Real estate: Residential mortgage $ 6,450 $ — $ 6,450 $ 47 Home equity 834 — 834 — Commercial mortgage — 77 77 — Total $ 7,284 $ 77 $ 7,361 $ 47
Schedule of recorded investment in loans and leases, by class and credit indicator	The following tables present the amortized cost basis, net of deferred fees and costs, 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 tables present gross charge-offs of loans by origination year during the periods presented. (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans June 30, 2024 2024 2023 2022 2021 2020 Prior Total Commercial and industrial: Risk Rating Pass $ 82,768 $ 66,377 $ 80,033 $ 74,516 $ 28,777 $ 152,988 $ 91,260 $ 576,719 Special Mention — 33 3,775 2,910 — — — 6,718 Substandard — 93 37 141 557 591 — 1,419 Subtotal 82,768 66,503 83,845 77,567 29,334 153,579 91,260 584,856 Construction: Risk Rating Pass 791 13,053 52,375 60,724 13,376 31,203 — 171,522 Subtotal 791 13,053 52,375 60,724 13,376 31,203 — 171,522 Residential mortgage: Risk Rating Pass 37,641 95,295 264,381 602,347 404,839 498,253 — 1,902,756 Special Mention — — — — — 247 — 247 Substandard — — 1,697 646 1,868 5,963 — 10,174 Subtotal 37,641 95,295 266,078 602,993 406,707 504,463 — 1,913,177 Home equity: Risk Rating Pass 661 11,619 30,352 18,589 7,880 25,505 610,823 705,429 Substandard — — — — — 1,247 135 1,382 Subtotal 661 11,619 30,352 18,589 7,880 26,752 610,958 706,811 Commercial mortgage: Risk Rating Pass 106,586 95,806 238,556 200,970 113,069 689,968 6,561 1,451,516 Special Mention — 624 — 1,450 — 5,254 — 7,328 Substandard — — — 1,097 — 5,429 — 6,526 Subtotal 106,586 96,430 238,556 203,517 113,069 700,651 6,561 1,465,370 Consumer: Risk Rating Pass 16,203 91,475 212,509 115,566 27,775 24,351 52,545 540,424 Substandard — 48 160 205 15 1,056 — 1,484 Subtotal 16,203 91,523 212,669 115,771 27,790 25,407 52,545 541,908 Total $ 244,650 $ 374,423 $ 883,875 $ 1,079,161 $ 598,156 $ 1,442,055 $ 761,324 $ 5,383,644 (dollars in thousands) Gross Charge-Offs by Year of Origination Six Months Ended June 30, 2024 2024 2023 2022 2021 2020 Prior Total Commercial and industrial $ 19 $ 74 $ 204 $ 184 $ 13 $ 707 $ 1,201 Real estate: Residential mortgage — — 76 — — 208 284 Consumer 5 392 5,460 2,318 283 725 9,183 Gross charge-offs $ 24 $ 466 $ 5,740 $ 2,502 $ 296 $ 1,640 $ 10,668 (dollars in thousands) Amortized Cost of Term Loans by Year of Origination Amortized Cost of Revolving Loans December 31, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial: Risk Rating Pass $ 83,333 $ 82,649 $ 77,551 $ 32,831 $ 42,162 $ 152,940 $ 90,177 $ 561,643 Special Mention — — 2,916 — — 944 93 3,953 Substandard 37 1,189 576 662 571 7,026 50 10,111 Subtotal 83,370 83,838 81,043 33,493 42,733 160,910 90,320 575,707 Construction: Risk Rating Pass 8,434 52,596 69,203 18,878 2,136 31,090 2,778 185,115 Special Mention — — 404 — — — — 404 Subtotal 8,434 52,596 69,607 18,878 2,136 31,090 2,778 185,519 Residential mortgage: Risk Rating Pass 101,473 266,314 609,648 414,430 144,312 385,452 — 1,921,629 Special Mention — — — — — 268 — 268 Substandard — 1,057 299 931 818 2,787 — 5,892 Subtotal 101,473 267,371 609,947 415,361 145,130 388,507 — 1,927,789 Home equity: Risk Rating Pass 12,229 32,208 19,589 8,766 6,372 17,379 638,917 735,460 Substandard — — — — 66 998 — 1,064 Subtotal 12,229 32,208 19,589 8,766 6,438 18,377 638,917 736,524 Commercial mortgage: Risk Rating Pass 96,479 256,660 202,933 115,055 112,578 566,325 6,311 1,356,341 Special Mention — — — — 10,513 9,638 — 20,151 Substandard — — 2,587 — 1,654 2,169 — 6,410 Subtotal 96,479 256,660 205,520 115,055 124,745 578,132 6,311 1,382,902 Consumer: Risk Rating Pass 88,593 261,752 144,341 36,431 27,970 10,538 59,130 628,755 Substandard 58 231 205 87 83 1,084 10 1,758 Loss — — — — — 28 — 28 Subtotal 88,651 261,983 144,546 36,518 28,053 11,650 59,140 630,541 Total $ 390,636 $ 954,656 $ 1,130,252 $ 628,071 $ 349,235 $ 1,188,666 $ 797,466 $ 5,438,982 (dollars in thousands) Gross Charge-Offs by Year of Origination Six Months Ended June 30, 2023 2023 2022 2021 2020 2019 Prior Total Commercial and industrial $ — $ 212 $ 88 $ — $ 207 $ 634 $ 1,141 Consumer — 2,745 2,730 345 409 330 6,559 Gross charge-offs $ — $ 2,957 $ 2,818 $ 345 $ 616 $ 964 $ 7,700

ALLOWANCE FOR CREDIT LOSSES A_2

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES (Tables)	6 Months Ended
	Jun. 30, 2024
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) Real Estate Three Months Ended June 30, 2024 Commercial and Industrial Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 7,008 $ 3,619 $ 16,026 $ 3,733 $ 17,004 $ 16,142 $ 63,532 Provision (credit) for credit losses on loans 452 179 (362) 96 333 1,750 2,448 Subtotal 7,460 3,798 15,664 3,829 17,337 17,892 65,980 Charge-offs (519) — (284) — — (4,345) (5,148) Recoveries 130 — 9 — — 1,254 1,393 Net (charge-offs) recoveries (389) — (275) — — (3,091) (3,755) Ending balance $ 7,071 $ 3,798 $ 15,389 $ 3,829 $ 17,337 $ 14,801 $ 62,225 (dollars in thousands) Real Estate Three Months Ended June 30, 2023 Commercial and Industrial Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 7,131 $ 3,087 $ 11,813 $ 4,037 $ 17,472 $ 19,559 $ 63,099 Provision (credit) for credit losses on loans 52 567 413 (87) (107) 3,297 4,135 Subtotal 7,183 3,654 12,226 3,950 17,365 22,856 67,234 Charge-offs (362) — — — — (3,873) (4,235) Recoveries 125 — 7 15 — 703 850 Net (charge-offs) recoveries (237) — 7 15 — (3,170) (3,385) Ending balance $ 6,946 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849 (dollars in thousands) Real Estate Six Months Ended June 30, 2024 Commercial and Industrial Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 7,181 $ 4,004 $ 14,626 $ 3,501 $ 17,543 $ 17,079 $ 63,934 Provision (credit) for credit losses on loans 871 (206) 1,030 322 (206) 4,758 6,569 Subtotal 8,052 3,798 15,656 3,823 17,337 21,837 70,503 Charge-offs (1,201) — (284) — — (9,183) (10,668) Recoveries 220 — 17 6 — 2,147 2,390 Net (charge-offs) recoveries (981) — (267) 6 — (7,036) (8,278) Ending balance $ 7,071 $ 3,798 $ 15,389 $ 3,829 $ 17,337 $ 14,801 $ 62,225 (dollars in thousands) Real Estate Six Months Ended June 30, 2023 Commercial and Industrial Construction Residential Mortgage Home Equity Commercial Mortgage Consumer Total Beginning balance $ 6,824 $ 2,867 $ 11,804 $ 4,114 $ 17,902 $ 20,227 $ 63,738 Provision (credit) for credit losses on loans 888 787 369 (164) (537) 4,407 5,750 Subtotal 7,712 3,654 12,173 3,950 17,365 24,634 69,488 Charge-offs (1,141) — — — — (6,559) (7,700) Recoveries 375 — 60 15 — 1,611 2,061 Net (charge-offs) recoveries (766) — 60 15 — (4,948) (5,639) Ending balance $ 6,946 $ 3,654 $ 12,233 $ 3,965 $ 17,365 $ 19,686 $ 63,849
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. The (credit) provision for off-balance sheet credit exposures is included in the provision for credit losses on the Company's income statement during the periods presented. Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Beginning balance $ 3,521 $ 3,480 $ 3,706 $ 3,243 (Credit) provision for off-balance sheet credit exposures (209) 184 (394) 421 Ending balance $ 3,312 $ 3,664 $ 3,312 $ 3,664

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Tables)	6 Months Ended
	Jun. 30, 2024
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) June 30, 2024 December 31, 2023 Investments in low-income housing tax credit partnerships, net of amortization $ 36,478 $ 37,838 Investments in common securities of statutory trusts 1,547 1,547 Investments in affiliates 80 111 Other 2,050 2,050 Total $ 40,155 $ 41,546 The following table presents amortization and tax credits recognized associated with our investments in LIHTC partnerships for the periods presented: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Proportional amortization method: Amortization expense recognized in income tax expense $ 674 $ 714 $ 1,360 $ 1,428 Tax credits recognized in income tax expense 801 892 1,601 1,784
Other Commitments	The following table presents the expected payments for the unfunded commitments of LIHTC and other partnerships as of June 30, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, LIHTC Other Total 2024 (remainder) $ 9,696 $ 903 $ 10,599 2025 4,248 — 4,248 2026 26 — 26 2027 26 — 26 2028 20 — 20 2029 27 — 27 Thereafter 286 — 286 Total unfunded commitments $ 14,329 $ 903 $ 15,232

MORTGAGE SERVICING RIGHTS (Tabl

MORTGAGE SERVICING RIGHTS (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2023 $ 8,696 Additions 310 Amortization (370) Balance at June 30, 2024 $ 8,636 Balance at December 31, 2022 $ 9,074 Additions 125 Amortization (356) Balance at June 30, 2023 $ 8,843 The following table presents carrying values and accumulated amortization related to MSR as of the dates presented: June 30, 2024 December 31, 2023 (dollars in thousands) Gross Accumulated Net Gross Accumulated Net Mortgage servicing rights $ 70,050 $ (61,414) $ 8,636 $ 69,740 $ (61,044) $ 8,696
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 as of the dates presented: (dollars in thousands) June 30, 2024 December 31, 2023 Fair market value, beginning of year $ 12,185 $ 12,061 Fair market value, end of period 12,151 12,185 Weighted average discount rate 9.5 % 9.5 % Weighted average prepayment speed assumption 11.0 11.2
Schedule of estimated amortization expense	The following table presents the estimated amortization expense for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter, based on MSR held as of June 30, 2024: (dollars in thousands) Year Ending December 31, 2024 (remainder) $ 418 2025 893 2026 803 2027 719 2028 642 2029 563 Thereafter 4,598 Total $ 8,636

DERIVATIVES (Tables)

DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, December 31, June 30, December 31, Interest rate lock and forward sale commitments Other assets / other liabilities $ 1 $ — $ 4 $ 34 Back-to-back swap agreements Other assets / other liabilities 4,237 3,547 4,237 3,547 Derivative Financial Instruments Designated as Hedging Instruments Asset Derivatives Liability Derivatives Fair Value at Fair Value at (dollars in thousands) Balance Sheet Location June 30, December 31, June 30, December 31, Interest rate swap Other assets / other liabilities $ 9,304 $ 6,440 $ — $ —
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 June 30, 2024 Interest rate lock and forward sale commitments Mortgage banking income $ (4) Back-to-back swap agreements Other service charges and fees — Three Months Ended June 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income 16 Loans held for sale Other income (4) Back-to-back swap agreements Other service charges and fees 35 Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Six Months Ended June 30, 2024 Interest rate lock and forward sale commitments Mortgage banking income $ 31 Loans held for sale Other income (17) Back-to-back swap agreements Other service charges and fees 80 Six Months Ended June 30, 2023 Interest rate lock and forward sale commitments Mortgage banking income 8 Loans held for sale Other income (1) Back-to-back swap agreements Other service charges and fees 35 Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Three Months Ended June 30, 2024 Interest rate swap Interest income $ 884 Three Months Ended June 30, 2023 Interest rate swap Interest income (116) Derivative Financial Instruments Location of Gain (Loss) Amount of Gain (Loss) (dollars in thousands) Six Months Ended June 30, 2024 Interest rate swap Interest income $ 776 Six Months Ended June 30, 2023 Interest rate swap Interest income (59)
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following table presents the amounts recorded on the consolidated balance sheets related to cumulative basis adjustments for fair value hedges as of the periods presented: Line Item in the Consolidated Balance Sheets (dollars in thousands) June 30, 2024 December 31, 2023 Investment securities, available-for-sale: Carrying Amount of the Hedged Assets $ 89,600 $ 90,636 Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets (9,848) (6,817)

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 December 31, 2023 Interest Rate Trust IV $ 30,928 $ 30,928 Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 2.45% Trust V 20,619 20,619 Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 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 June 30, 2024 December 31, 2023 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)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 Three Months Ended June 30, 2023 (dollars in thousands) In-Scope Out-of-Scope Total In-Scope Out-of-Scope Total Other operating income: Mortgage banking income $ 202 $ 838 $ 1,040 $ 174 $ 516 $ 690 Service charges on deposit accounts 2,135 — 2,135 2,137 — 2,137 Other service charges and fees 5,348 521 5,869 4,402 592 4,994 Income from fiduciary activities 1,449 — 1,449 1,068 — 1,068 Income from bank-owned life insurance — 1,234 1,234 — 1,185 1,185 Other — 394 394 — 361 361 Total other operating income $ 9,134 $ 2,987 $ 12,121 $ 7,781 $ 2,654 $ 10,435

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of activity of restricted stock awards and units	The following table presents the activities of RSUs and PSUs for the six months ended June 30, 2024: (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 224,579 $ 24.76 Changes during the period: Granted 137,911 19.41 Forfeited (1,648) 20.59 Vested (73,841) 23.75 $ 1,433 Non-vested RSUs and PSUs, end of period 287,001 22.48

SUPPLEMENTAL EXECUTIVE RETIRE_2

SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Tables)	6 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The following table presents the components of net periodic benefit cost for the SERP for the periods presented: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Interest cost $ 108 $ 112 $ 216 $ 224 Amortization of net actuarial gain — (19) — (38) Amortization of net transition obligation — 2 — 4 Net periodic benefit cost $ 108 $ 95 $ 216 $ 190

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Lease cost: Operating lease cost $ 1,437 $ 1,327 $ 2,740 $ 2,652 Variable lease cost 927 934 1,862 1,822 Less: Sublease income — (17) — (34) Total lease cost $ 2,364 $ 2,244 $ 4,602 $ 4,440 Other information: Operating cash flows from operating leases $ (1,425) $ (1,302) $ (2,682) $ (2,692) Weighted-average remaining lease term - operating leases 10.87 years 10.98 years 10.87 years 10.98 years Weighted-average discount rate - operating leases 4.09 % 3.96 % 4.09 % 3.96 %
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 June 30, 2024, for the remainder of fiscal year 2024, 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, 2024 (remainder) $ 2,443 $ 644 $ 1,799 2025 4,499 1,179 3,320 2026 4,441 1,050 3,391 2027 4,428 915 3,513 2028 3,611 794 2,817 2029 3,144 688 2,456 Thereafter 18,965 2,839 16,126 Total $ 41,531 $ 8,109 $ 33,422
Operating Lease, Lease Income	The following table presents lease income related to these leases that was recognized for the periods presented: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Total rental income recognized $ 511 $ 563 $ 1,020 $ 1,125
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 June 30, 2024, for the remainder of fiscal year 2024, the next five succeeding fiscal years, and all years thereafter: (dollars in thousands) Year Ending December 31, 2024 (remainder) $ 644 2025 1,157 2026 1,015 2027 960 2028 608 2029 553 Thereafter 1,293 Total $ 6,230

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 Net change in fair value of investment securities: Net unrealized gains on AFS investment securities arising during the period $ 370 $ 96 $ 274 Amortization of unrealized losses on investment securities transferred to HTM 1,867 493 1,374 Net change in fair value of investment securities 2,237 589 1,648 Net change in fair value of derivatives: Net unrealized losses arising during the period (22) (6) (16) Net change in fair value of derivatives (22) (6) (16) Other comprehensive income $ 2,215 $ 583 $ 1,632 (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2023 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (8,204) $ (2,179) $ (6,025) Amortization of unrealized losses on investment securities transferred to HTM 1,976 525 1,451 Net change in fair value of investment securities (6,228) (1,654) (4,574) Net change in fair value of derivatives: Net unrealized gains arising during the period 2,777 737 2,040 Net change in fair value of derivatives 2,777 737 2,040 SERP: Amortization of net actuarial gain (20) (5) (15) Amortization of net transition obligation 2 — 2 SERP (18) (5) (13) Other comprehensive loss $ (3,469) $ (922) $ (2,547) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2024 Net change in fair value of investment securities: Net unrealized losses on AFS investment securities arising during the period $ (6,665) $ (1,759) $ (4,906) Amortization of unrealized losses on investment securities transferred to HTM 3,505 925 2,580 Net change in fair value of investment securities (3,160) (834) (2,326) Net change in fair value of derivatives: Net unrealized gains arising during the period 3,031 800 2,231 Net change in fair value of derivatives 3,031 800 2,231 Other comprehensive loss $ (129) $ (34) $ (95) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2023 Net change in fair value of investment securities: Net unrealized gains on AFS investment securities arising during the period $ 7,054 $ 1,873 $ 5,181 Amortization of unrealized losses on investment securities transferred to HTM 3,644 968 2,676 Net change in fair value of investment securities 10,698 2,841 7,857 Net change in fair value of derivatives: Net unrealized gains arising during the period $ 1,178 $ 301 $ 877 Net change in fair value of derivatives 1,178 301 877 SERP: Amortization of net actuarial gain (39) (10) (29) Amortization of net transition obligation 4 — 4 SERP (35) (10) (25) Other comprehensive income $ 11,841 $ 3,132 $ 8,709
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 SERP AOCI Three Months Ended June 30, 2024 Balance at beginning of period $ (131,896) $ 7,276 $ 297 $ (124,323) Other comprehensive income (loss) before reclassifications 274 (16) — 258 Reclassification adjustments from AOCI 1,374 — — 1,374 Total other comprehensive income (loss) 1,648 (16) — 1,632 Balance at end of period $ (130,248) $ 7,260 $ 297 $ (122,691) (dollars in thousands) Investment Securities Derivatives SERP AOCI Three Months Ended June 30, 2023 Balance at beginning of period $ (136,678) $ 3,482 $ 468 $ (132,728) Other comprehensive income (loss) before reclassifications (6,025) 2,040 — (3,985) Reclassification adjustments from AOCI 1,451 — (13) 1,438 Total other comprehensive income (loss) (4,574) 2,040 (13) (2,547) Balance at end of period $ (141,252) $ 5,522 $ 455 $ (135,275) (dollars in thousands) Investment Securities Derivatives SERP AOCI Six Months Ended June 30, 2024 Balance at beginning of period $ (127,922) $ 5,029 $ 297 $ (122,596) Other comprehensive income (loss) before reclassifications (4,906) 2,231 — (2,675) Reclassification adjustments from AOCI 2,580 — — 2,580 Total other comprehensive income (loss) (2,326) 2,231 — (95) Balance at end of period $ (130,248) $ 7,260 $ 297 $ (122,691) (dollars in thousands) Investment Securities Derivatives SERP AOCI Six Months Ended June 30, 2023 Balance at beginning of period $ (149,109) $ 4,645 $ 480 $ (143,984) Other comprehensive income (loss) before reclassifications 5,181 877 — 6,058 Reclassification adjustments from AOCI 2,676 — (25) 2,651 Total other comprehensive income (loss) 7,857 877 (25) 8,709 Balance at end of period $ (141,252) $ 5,522 $ 455 $ (135,275)
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 June 30, Details about AOCI Components 2024 2023 Amortization of unrealized losses on investment securities transferred to HTM: Amortization $ 1,867 $ 1,976 Interest and dividends on investment securities Tax effect (493) (525) Income tax benefit Net of tax 1,374 1,451 SERP: Amortization of net actuarial gain — (20) Other operating expense - other Amortization of net transition obligation — 2 Other operating expense - other Total before tax — (18) Tax effect — 5 Income tax expense Net of tax — (13) Total reclassification adjustments from AOCI for the period, net of tax $ 1,374 $ 1,438 Amount Reclassified from AOCI Affected Line Item in the Statement Where Net Income is Presented (dollars in thousands) Six Months Ended June 30, Details about AOCI Components 2024 2023 Amortization of unrealized losses on investment securities transferred to HTM: Amortization $ 3,505 $ 3,644 Interest and dividends on investment securities Tax effect (925) (968) Income tax benefit Net of tax 2,580 2,676 SERP: Amortization of net actuarial gain — (39) Other operating expense - other Amortization of net transition obligation — 4 Other operating expense - other Total before tax — (35) Tax effect — 10 Income tax expense Net of tax — (25) Total reclassification adjustments from AOCI for the period, net of tax $ 2,580 $ 2,651

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, (dollars in thousands, except per share data) 2024 2023 2024 2023 Net income $ 15,817 $ 14,475 $ 28,762 $ 30,662 Weighted average common shares outstanding - basic 27,053,549 27,024,043 27,050,037 27,011,659 Dilutive effect of employee stock options and awards 62,800 47,435 56,230 78,599 Weighted average common shares outstanding - diluted 27,116,349 27,071,478 27,106,267 27,090,258 Basic earnings per share $ 0.58 $ 0.54 $ 1.06 $ 1.14 Diluted earnings per share $ 0.58 $ 0.53 $ 1.06 $ 1.13 Anti-dilutive employee stock options and awards 2,917 60,627 1,890 25,671

FAIR VALUE OF FINANCIAL ASSET_2

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of carrying amount and estimated fair value of financial instruments	Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant June 30, 2024 Financial assets: Cash and due from financial institutions $ 103,829 $ 103,829 $ 103,829 $ — $ — Interest-bearing deposits in other financial institutions 195,062 195,062 195,062 — — Investment securities 1,292,586 1,204,807 30,117 1,167,742 6,948 Loans held for sale 3,950 3,950 — 3,950 — Loans 5,383,644 4,943,289 — — 4,943,289 Accrued interest receivable 23,184 23,184 341 4,130 18,713 Financial liabilities: Deposits: Noninterest-bearing demand 1,847,173 1,847,173 1,847,173 — — Interest-bearing demand and savings and money market 3,517,780 3,517,780 3,517,780 — — Time 1,217,502 1,207,020 — — 1,207,020 Long-term debt 156,223 150,309 — — 150,309 Accrued interest payable 14,998 14,998 109 — 14,889 Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant June 30, 2024 Off-balance sheet financial instruments: Commitments to extend credit $ 1,227,966 $ — $ 1,164 $ — $ 1,164 $ — Standby letters of credit and financial guarantees written 3,514 — 53 — 53 — Derivatives: Interest rate lock commitments 2,753 (3) (3) — (3) — Risk participation agreements 35,605 — — — — — Back-to-back swap agreements: Assets 50,645 4,237 4,237 — — 4,237 Liabilities (50,645) (4,237) (4,237) — — (4,237) Interest rate swap agreements 115,545 9,304 9,304 — — 9,304 Fair Value Measurement Using (dollars in thousands) Carrying Estimated Quoted Prices Significant Significant December 31, 2023 Financial assets: Cash and due from financial institutions $ 116,181 $ 116,181 $ 116,181 $ — $ — Interest-bearing deposits in other financial institutions 406,256 406,256 406,256 — — Investment securities 1,279,548 1,212,388 — 1,205,238 7,150 Loans held for sale 1,778 1,778 — 1,778 — Loans 5,438,982 5,089,292 — — 5,089,292 Accrued interest receivable 21,511 21,511 342 4,043 17,126 Financial liabilities: Deposits: Noninterest-bearing demand 1,913,379 1,913,379 1,913,379 — — Interest-bearing demand and savings and money market 3,538,922 3,538,922 3,538,922 — — Time 1,395,291 1,385,473 — — 1,385,473 Long-term debt 156,102 153,073 — — 153,073 Accrued interest payable 18,948 18,948 85 — 18,863 Fair Value Measurement Using (dollars in thousands) Notional Carrying Estimated Quoted Prices Significant Significant December 31, 2023 Off-balance sheet financial instruments: Commitments to extend credit $ 1,275,331 $ — $ 1,210 $ — $ 1,210 $ — Standby letters of credit and financial guarantees written 3,301 — 50 — 50 — Derivatives: Interest rate lock commitments 1,807 (34) (34) — (34) — Risk participation agreements 36,022 — — — — — Back-to-back swap agreements: Assets 51,059 3,547 3,547 — — 3,547 Liabilities (51,059) (3,547) (3,547) — — (3,547) Interest rate swap agreements 115,545 6,440 6,440 — — 6,440
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 June 30, 2024 Available-for-sale securities: Debt securities: States and political subdivisions $ 121,475 $ — $ 115,221 $ 6,254 Corporate securities 31,463 — 31,463 — U.S. Treasury and other government-sponsored entities and agencies 53,731 30,117 23,614 — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 353,954 — 353,954 — Residential - Non-government agencies 17,448 — 16,754 694 Commercial - U.S. government-sponsored entities and agencies 83,512 — 83,512 — Commercial - Non-government agencies 15,136 — 15,136 — Total available-for-sale investment securities 676,719 30,117 639,654 6,948 Derivatives: Interest rate lock commitments (3) — (3) — Interest rate swap agreements 9,304 — — 9,304 Total derivatives 9,301 — (3) 9,304 Total $ 686,020 $ 30,117 $ 639,651 $ 16,252 Fair Value at Reporting Date Using (dollars in thousands) Fair Value Quoted Prices Significant Significant December 31, 2023 Available-for-sale securities: Debt securities: States and political subdivisions $ 126,635 $ — $ 120,199 $ 6,436 Corporate securities 31,414 — 31,414 — U.S. Treasury and other government-sponsored entities and agencies 26,197 — 26,197 — Mortgage-backed securities: Residential - U.S. government-sponsored entities and agencies 378,386 — 378,386 — Residential - Non-government agencies 18,708 — 17,994 714 Commercial - U.S. government-sponsored entities and agencies 50,914 — 50,914 — Commercial - Non-government agencies 14,956 — 14,956 — Total available-for-sale investment securities 647,210 — 640,060 7,150 Derivatives: Interest rate lock commitments (34) — (34) — Interest rate swap agreements 6,440 — — 6,440 Total derivatives 6,406 — (34) 6,440 Total $ 653,616 $ — $ 640,026 $ 13,590
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, 2023 $ 6,436 $ 714 $ 6,440 $ 13,590 Principal payments received (120) (12) — (132) Unrealized net gain (loss) included in other comprehensive income (62) (8) 2,864 2,794 Balance at June 30, 2024 $ 6,254 $ 694 $ 9,304 $ 16,252 Balance at December 31, 2022 $ 6,584 $ 684 $ 5,986 $ 13,254 Principal payments received (114) (11) — (125) Unrealized net gain included in other comprehensive income 1,129 41 1,119 2,289 Balance at June 30, 2023 $ 7,599 $ 714 $ 7,105 $ 15,418

INVESTMENT SECURITIES (Availabl

INVESTMENT SECURITIES (Available for Sale and Held to Maturity Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 791,122	$ 754,950
Gross Unrealized Gains	335	507
Gross Unrealized Losses	(114,738)	(108,247)
Fair Value	676,719	647,210
ACL	0	0
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	615,867	632,338
Gross Unrecognized Gains	0	61
Gross Unrecognized Losses	(87,779)	(67,221)
Fair Value	528,088	565,178
ACL	0	0
States and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	151,771	156,432
Gross Unrealized Gains	3	13
Gross Unrealized Losses	(30,299)	(29,810)
Fair Value	121,475	126,635
ACL	0	0
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	42,002	41,959
Gross Unrecognized Gains	0	0
Gross Unrecognized Losses	(8,138)	(6,706)
Fair Value	33,864	35,253
ACL	0	0
Corporate securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	35,492	35,731
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(4,029)	(4,317)
Fair Value	31,463	31,414
ACL	0	0
U.S. Treasury and other government-sponsored entities and agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	55,662	28,105
Gross Unrealized Gains	147	33
Gross Unrealized Losses	(2,078)	(1,941)
Fair Value	53,731	26,197
ACL	0	0
Residential - U.S. government-sponsored entities and agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	416,128	441,898
Gross Unrealized Gains	50	95
Gross Unrealized Losses	(62,224)	(63,607)
Fair Value	353,954	378,386
ACL	0	0
Schedule of Held-to-Maturity Securities [Line Items]
Amortized Cost	573,865	590,379
Gross Unrecognized Gains	0	61
Gross Unrecognized Losses	(79,641)	(60,515)
Fair Value	494,224	529,925
ACL	0	0
Residential - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	18,454	19,322
Gross Unrealized Gains	135	366
Gross Unrealized Losses	(1,141)	(980)
Fair Value	17,448	18,708
ACL	0	0
Commercial - U.S. government-sponsored entities and agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	98,346	58,318
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(14,834)	(7,404)
Fair Value	83,512	50,914
ACL	0	0
Commercial - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	15,269	15,144
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(133)	(188)
Fair Value	15,136	14,956
ACL	$ 0	$ 0

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($) security	Dec. 31, 2023 USD ($)
EQUITY
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value			$ 3,505	$ 3,644
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	$ 4,300		$ 4,300		$ 4,000
Number of AFS securities sold | security			0	0
Available-for-sale debt securities, at fair value	676,719		$ 676,719		647,210
Collateralized Mortgage-Backed Securities | Asset Pledged as Collateral without Right
EQUITY
Available-for-sale debt securities, at fair value	758,900		758,900		$ 990,400
Net unrealized gains on investment securities
EQUITY
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value	(1,867)	$ (1,976)	(3,505)	$ (3,644)
Interest rate swap agreements | Derivative Financial Instruments Designated as Hedging Instruments
EQUITY
Notional amount	$ 115,500		$ 115,500
Fixed interest rate	2.095%		2.095%
Interest rate swap agreements | Derivative Financial Instruments Designated as Hedging Instruments | Derivatives Not in Cash Flow Hedging Relationship
EQUITY
Unrealized gain (loss) on interest rate locks	$ 884	$ (116)	$ 776	$ (59)

INVESTMENT SECURITIES (Amortize

INVESTMENT SECURITIES (Amortized Cost and Estimated Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 1,361
Due after one year through five years	53,764
Due after five years through ten years	63,131
Due after ten years	124,669
Amortized Cost	791,122	$ 754,950
Fair Value
Due in one year or less	1,357
Due after one year through five years	49,405
Due after five years through ten years	60,566
Due after ten years	95,341
Fair Value	$ 676,719	647,210
Weighted Average Yield
Due in one year or less (in percent)	2.67%
Due after one year through five years (in percent)	2.74%
Due after five years through ten years (in percent)	4%
Due after ten years (in percent)	2.44%
Weighted Average Yield	2.63%
Amortized Cost
Due after ten years	$ 42,002
Amortized Cost	615,867	632,338
Fair Value
Due after ten years	33,864
Total held-to-maturity securities	$ 528,088	565,178
Weighted Average Yield
Due after ten years (in percent)	2.26%
Total held-to-maturity securities	1.94%
Residential - U.S. government-sponsored entities and agencies
Amortized Cost
Without single maturity date	$ 416,128
Amortized Cost	416,128	441,898
Fair Value
Without single maturity date	353,954
Fair Value	$ 353,954	378,386
Weighted Average Yield
Without single maturity date (in percent)	2.21%
Amortized Cost
Without single maturity date	$ 573,865
Amortized Cost	573,865	590,379
Fair Value
Without single maturity date	494,224
Total held-to-maturity securities	$ 494,224	529,925
Weighted Average Yield
Without single maturity date (in percent)	1.92%
Residential - Non-government agencies
Amortized Cost
Without single maturity date	$ 18,454
Amortized Cost	18,454	19,322
Fair Value
Without single maturity date	17,448
Fair Value	$ 17,448	18,708
Weighted Average Yield
Without single maturity date (in percent)	4.56%
Commercial - U.S. government-sponsored entities and agencies
Amortized Cost
Without single maturity date	$ 98,346
Amortized Cost	98,346	58,318
Fair Value
Without single maturity date	83,512
Fair Value	$ 83,512	50,914
Weighted Average Yield
Without single maturity date (in percent)	2.75%
Commercial - Non-government agencies
Amortized Cost
Without single maturity date	$ 15,269
Amortized Cost	15,269	15,144
Fair Value
Without single maturity date	15,136
Fair Value	$ 15,136	$ 14,956
Weighted Average Yield
Without single maturity date (in percent)	5.07%

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities at an Unrealized Loss Position) (Details) $ in Thousands	Jun. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Investments, Debt and Equity Securities [Abstract]
Number of AFS investment securities in an unrealized loss position | security	229	208
Number of HTM investment securities in an unrealized loss position | security	83	82
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	$ 82,722	$ 19,557
Less Than 12 Months, Unrecognized Losses	(1,820)	(219)
12 Month or Longer, Fair Value	565,542	588,097
12 Month or Longer, Unrecognized Losses	(112,918)	(108,028)
Total Fair Value	648,264	607,654
Total Unrecognized Losses	114,738	108,247
Schedule of Held-to-Maturity Securities [Line Items]
Less Than 12 Months, Fair Value	8,048	8,853
Less Than 12 Months, Unrecognized Losses	(76)	(33)
12 Month or Longer, Fair Value	520,040	547,631
12 Month or Longer, Unrecognized Losses	(87,703)	(67,188)
Total Fair Value	528,088	556,484
Total Unrecognized Losses	(87,779)	(67,221)
States and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	8,438	534
Less Than 12 Months, Unrecognized Losses	(109)	(1)
12 Month or Longer, Fair Value	110,179	114,601
12 Month or Longer, Unrecognized Losses	(30,190)	(29,809)
Total Fair Value	118,617	115,135
Total Unrecognized Losses	30,299	29,810
Schedule of Held-to-Maturity Securities [Line Items]
Less Than 12 Months, Fair Value	0	0
Less Than 12 Months, Unrecognized Losses	0	0
12 Month or Longer, Fair Value	33,864	35,253
12 Month or Longer, Unrecognized Losses	(8,138)	(6,706)
Total Fair Value	33,864	35,253
Total Unrecognized Losses	(8,138)	(6,706)
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	31,463	31,414
12 Month or Longer, Unrecognized Losses	(4,029)	(4,317)
Total Fair Value	31,463	31,414
Total Unrecognized Losses	4,029	4,317
U.S. Treasury and other government-sponsored entities and agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	26,659	2,893
Less Than 12 Months, Unrecognized Losses	(195)	(87)
12 Month or Longer, Fair Value	15,239	16,286
12 Month or Longer, Unrecognized Losses	(1,883)	(1,854)
Total Fair Value	41,898	19,179
Total Unrecognized Losses	2,078	1,941
Residential - U.S. government-sponsored entities and agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	19,271	0
Less Than 12 Months, Unrecognized Losses	(181)	0
12 Month or Longer, Fair Value	325,104	367,887
12 Month or Longer, Unrecognized Losses	(62,043)	(63,607)
Total Fair Value	344,375	367,887
Total Unrecognized Losses	62,224	63,607
Schedule of Held-to-Maturity Securities [Line Items]
Less Than 12 Months, Fair Value	8,048	8,853
Less Than 12 Months, Unrecognized Losses	(76)	(33)
12 Month or Longer, Fair Value	486,176	512,378
12 Month or Longer, Unrecognized Losses	(79,565)	(60,482)
Total Fair Value	494,224	521,231
Total Unrecognized Losses	(79,641)	(60,515)
Residential - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	5,437	0
Less Than 12 Months, Unrecognized Losses	(101)	0
12 Month or Longer, Fair Value	7,826	8,169
12 Month or Longer, Unrecognized Losses	(1,040)	(980)
Total Fair Value	13,263	8,169
Total Unrecognized Losses	1,141	980
Commercial - U.S. government-sponsored entities and agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	22,917	6,467
Less Than 12 Months, Unrecognized Losses	(1,234)	(1)
12 Month or Longer, Fair Value	60,595	44,447
12 Month or Longer, Unrecognized Losses	(13,600)	(7,403)
Total Fair Value	83,512	50,914
Total Unrecognized Losses	14,834	7,404
Commercial - Non-government agencies
Debt Securities, Available-for-Sale [Line Items]
Less than 12 months, Fair Value	0	9,663
Less Than 12 Months, Unrecognized Losses	0	(130)
12 Month or Longer, Fair Value	15,136	5,293
12 Month or Longer, Unrecognized Losses	(133)	(58)
Total Fair Value	15,136	14,956
Total Unrecognized Losses	$ 133	$ 188

LOANS AND CREDIT QUALITY (Loans

LOANS AND CREDIT QUALITY (Loans and Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
LOANS AND LEASES
Loans and leases, gross	$ 5,384,069	$ 5,439,215
Deferred fees and costs, net	(425)	(233)
Total loans, net of deferred fees and costs	5,383,644	5,438,982
Commercial and Industrial
LOANS AND LEASES
Loans and leases, gross	585,048	576,038
Real Estate | Construction
LOANS AND LEASES
Loans and leases, gross	171,918	185,994
Real Estate | Residential Mortgage
LOANS AND LEASES
Loans and leases, gross	1,912,753	1,927,206
Real Estate | Home Equity
LOANS AND LEASES
Loans and leases, gross	704,836	734,500
Real Estate | Commercial Mortgage
LOANS AND LEASES
Loans and leases, gross	1,467,273	1,384,579
Consumer
LOANS AND LEASES
Loans and leases, gross	$ 542,241	$ 630,898

LOANS AND CREDIT QUALITY (Narra

LOANS AND CREDIT QUALITY (Narrative) (Details)	3 Months Ended
	Jun. 30, 2024 USD ($) loan segment property	Jun. 30, 2023 USD ($) loan segment property	Dec. 31, 2023 USD ($)
Recorded investment in the loans and leases, by class and credit indicator
Financing receivable accrued interest receivable	$ 17,700,000		$ 17,100,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable		Accrued interest receivable
Net transfer of portfolio loans to loans held for sale	$ 0	$ 0
Loans sold originally held for investment | loan	0	0
Mortgage loans foreclosure, number | loan	0	0
Mortgage loans foreclosure, number sold | property	0	0
Number of TDRs included in nonperforming assets | segment	0	0
Accruing Loans 90+ Days Past Due
Recorded investment in the loans and leases, by class and credit indicator
Amount of TDRs still accruing interest	$ 0		$ 0
Nonperforming Financial Instruments
Recorded investment in the loans and leases, by class and credit indicator
Recorded Investment (as of Period End)	800,000
Amount of TDRs still accruing interest	2,000,000
Real Estate | Residential Mortgage
Recorded investment in the loans and leases, by class and credit indicator
Loans in the process of foreclosure	3,900,000		2,300,000
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

LOANS AND CREDIT QUALITY (Purch

LOANS AND CREDIT QUALITY (Purchases) (Details) - Consumer - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	$ 12,384	$ 152	$ 12,384	$ 19,091
Premium	247	0	247	568
Purchase price	12,631	152	12,631	19,659
U.S. Mainland Consumer - Unsecured
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	0	152	0	3,932
Premium	0	0	0	0
Purchase price	0	152	0	3,932
U.S. Mainland Consumer - Automobile
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance	12,384	0	12,384	15,159
Premium	247	0	247	568
Purchase price	$ 12,631	$ 0	$ 12,631	$ 15,727

LOANS AND CREDIT QUALITY (Aging

LOANS AND CREDIT QUALITY (Aging of Recorded Investment) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 5,383,644	$ 5,438,982
Nonaccrual Loans	10,257	7,008
Total Past Due and Nonaccrual	23,736	23,434
Nonaccrual Loans With No ACL	9,315	5,766
Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	8,115	10,076
Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	3,060	5,038
Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,304	1,312
Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	5,359,908	5,415,548
Commercial and Industrial
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	584,856	575,707
Nonaccrual Loans	355	432
Total Past Due and Nonaccrual	1,135	1,114
Nonaccrual Loans With No ACL	0	0
Commercial and Industrial | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	597	513
Commercial and Industrial | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	183	169
Commercial and Industrial | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Commercial and Industrial | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	583,721	574,593
Real Estate | Construction
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	171,522	185,519
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	171,522	185,519
Real Estate | Residential mortgage
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,913,177	1,927,789
Nonaccrual Loans	7,991	4,962
Total Past Due and Nonaccrual	11,242	10,184
Nonaccrual Loans With No ACL	7,991	4,855
Real Estate | Residential mortgage | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	626	3,082
Real Estate | Residential mortgage | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,352	2,140
Real Estate | Residential mortgage | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,273	0
Real Estate | Residential mortgage | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,901,935	1,917,605
Real Estate | Home Equity
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	706,811	736,524
Nonaccrual Loans	1,247	834
Total Past Due and Nonaccrual	3,383	2,267
Nonaccrual Loans With No ACL	1,247	834
Real Estate | Home Equity | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	2,001	804
Real Estate | Home Equity | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	400
Real Estate | Home Equity | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	135	229
Real Estate | Home Equity | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	703,428	734,257
Real Estate | Commercial mortgage
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,465,370	1,382,902
Nonaccrual Loans	77	77
Total Past Due and Nonaccrual	77	77
Nonaccrual Loans With No ACL	77	77
Real Estate | Commercial mortgage | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real Estate | Commercial mortgage | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real Estate | Commercial mortgage | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	0	0
Real Estate | Commercial mortgage | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,465,293	1,382,825
Consumer
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	541,908	630,541
Nonaccrual Loans	587	703
Total Past Due and Nonaccrual	7,899	9,792
Nonaccrual Loans With No ACL	0	0
Consumer | Accruing Loans 30 - 59 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	4,891	5,677
Consumer | Accruing Loans 60 - 89 Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	1,525	2,329
Consumer | Accruing Loans 90+ Days Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	896	1,083
Consumer | Loans Not Past Due
Aging Analysis of Accruing and Non-Accruing Loans and Leases
Loans Past Due	$ 534,009	$ 620,749

LOANS AND CREDIT QUALITY (Colla

LOANS AND CREDIT QUALITY (Collateral-Dependent Loans) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 10,759	$ 7,361
Allocated ACL	0	47
Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	10,682	7,284
Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	77	77
Real Estate | Residential Mortgage
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	9,435	6,450
Allocated ACL	0	47
Real Estate | Residential Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	9,435	6,450
Real Estate | Residential Mortgage | Secured by Nonfarm Nonresidential Properties
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	1,247	834
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	1,247	834
Real Estate | Home Equity | Secured by Nonfarm Nonresidential Properties
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	77
Allocated ACL	0	0
Real Estate | Commercial Mortgage | Secured by 1-4 Family Residential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	0	0
Real Estate | Commercial Mortgage | Secured by Nonfarm Nonresidential Properties
Loans and Leases Receivable Disclosure [Line Items]
Collateral-Dependent Financing Receivable	$ 77	$ 77

LOANS AND CREDIT QUALITY (Class

LOANS AND CREDIT QUALITY (Class and Credit Indicator) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	$ 244,650		$ 390,636
Fiscal year before current fiscal year	374,423		954,656
Two years before current fiscal year	883,875		1,130,252
Three years before current fiscal year	1,079,161		628,071
Four years before current fiscal year	598,156		349,235
Five years before current fiscal year	1,442,055		1,188,666
Amortized Cost of Revolving Loans	761,324		797,466
Total	5,383,644		5,438,982
Loans and leases, gross	5,384,069		5,439,215
Net deferred costs (income)	(425)		(233)
Total loans, net of deferred fees and costs	5,383,644		5,438,982
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	24	$ 0
Year-to-date gross charge-offs, fiscal year before current fiscal year	466	2,957
Year-to-date gross charge-offs, two years before current fiscal year	5,740	2,818
Year-to-date gross charge-offs, three years before current fiscal year	2,502	345
Year-to-date gross charge-offs, four years before current fiscal year	296	616
Year-to-date gross charge-offs, five years before current fiscal year	1,640	964
Year-to-date gross charge-offs, Total	10,668	7,700
Real Estate
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	0
Year-to-date gross charge-offs, fiscal year before current fiscal year	0
Year-to-date gross charge-offs, two years before current fiscal year	76
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	0
Year-to-date gross charge-offs, five years before current fiscal year	208
Year-to-date gross charge-offs, Total	284
Real Estate | Construction
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	791		8,434
Fiscal year before current fiscal year	13,053		52,596
Two years before current fiscal year	52,375		69,607
Three years before current fiscal year	60,724		18,878
Four years before current fiscal year	13,376		2,136
Five years before current fiscal year	31,203		31,090
Amortized Cost of Revolving Loans	0		2,778
Total	171,522		185,519
Loans and leases, gross	171,918		185,994
Real Estate | Construction | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	791		8,434
Fiscal year before current fiscal year	13,053		52,596
Two years before current fiscal year	52,375		69,203
Three years before current fiscal year	60,724		18,878
Four years before current fiscal year	13,376		2,136
Five years before current fiscal year	31,203		31,090
Amortized Cost of Revolving Loans	0		2,778
Total	171,522		185,115
Real Estate | Construction | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year			0
Fiscal year before current fiscal year			0
Two years before current fiscal year			404
Three years before current fiscal year			0
Four years before current fiscal year			0
Five years before current fiscal year			0
Amortized Cost of Revolving Loans			0
Total			404
Real Estate | Residential Mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	37,641		101,473
Fiscal year before current fiscal year	95,295		267,371
Two years before current fiscal year	266,078		609,947
Three years before current fiscal year	602,993		415,361
Four years before current fiscal year	406,707		145,130
Five years before current fiscal year	504,463		388,507
Amortized Cost of Revolving Loans	0		0
Total	1,913,177		1,927,789
Loans and leases, gross	1,912,753		1,927,206
Real Estate | Residential Mortgage | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	37,641		101,473
Fiscal year before current fiscal year	95,295		266,314
Two years before current fiscal year	264,381		609,648
Three years before current fiscal year	602,347		414,430
Four years before current fiscal year	404,839		144,312
Five years before current fiscal year	498,253		385,452
Amortized Cost of Revolving Loans	0		0
Total	1,902,756		1,921,629
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	247		268
Amortized Cost of Revolving Loans	0		0
Total	247		268
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	0		1,057
Two years before current fiscal year	1,697		299
Three years before current fiscal year	646		931
Four years before current fiscal year	1,868		818
Five years before current fiscal year	5,963		2,787
Amortized Cost of Revolving Loans	0		0
Total	10,174		5,892
Real Estate | Home Equity
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	661		12,229
Fiscal year before current fiscal year	11,619		32,208
Two years before current fiscal year	30,352		19,589
Three years before current fiscal year	18,589		8,766
Four years before current fiscal year	7,880		6,438
Five years before current fiscal year	26,752		18,377
Amortized Cost of Revolving Loans	610,958		638,917
Total	706,811		736,524
Loans and leases, gross	704,836		734,500
Real Estate | Home Equity | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	661		12,229
Fiscal year before current fiscal year	11,619		32,208
Two years before current fiscal year	30,352		19,589
Three years before current fiscal year	18,589		8,766
Four years before current fiscal year	7,880		6,372
Five years before current fiscal year	25,505		17,379
Amortized Cost of Revolving Loans	610,823		638,917
Total	705,429		735,460
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	0		66
Five years before current fiscal year	1,247		998
Amortized Cost of Revolving Loans	135		0
Total	1,382		1,064
Real Estate | Commercial Mortgage
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	106,586		96,479
Fiscal year before current fiscal year	96,430		256,660
Two years before current fiscal year	238,556		205,520
Three years before current fiscal year	203,517		115,055
Four years before current fiscal year	113,069		124,745
Five years before current fiscal year	700,651		578,132
Amortized Cost of Revolving Loans	6,561		6,311
Total	1,465,370		1,382,902
Loans and leases, gross	1,467,273		1,384,579
Real Estate | Commercial Mortgage | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	106,586		96,479
Fiscal year before current fiscal year	95,806		256,660
Two years before current fiscal year	238,556		202,933
Three years before current fiscal year	200,970		115,055
Four years before current fiscal year	113,069		112,578
Five years before current fiscal year	689,968		566,325
Amortized Cost of Revolving Loans	6,561		6,311
Total	1,451,516		1,356,341
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	624		0
Two years before current fiscal year	0		0
Three years before current fiscal year	1,450		0
Four years before current fiscal year	0		10,513
Five years before current fiscal year	5,254		9,638
Amortized Cost of Revolving Loans	0		0
Total	7,328		20,151
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		0
Two years before current fiscal year	0		2,587
Three years before current fiscal year	1,097		0
Four years before current fiscal year	0		1,654
Five years before current fiscal year	5,429		2,169
Amortized Cost of Revolving Loans	0		0
Total	6,526		6,410
Consumer
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	16,203		88,651
Fiscal year before current fiscal year	91,523		261,983
Two years before current fiscal year	212,669		144,546
Three years before current fiscal year	115,771		36,518
Four years before current fiscal year	27,790		28,053
Five years before current fiscal year	25,407		11,650
Amortized Cost of Revolving Loans	52,545		59,140
Total	541,908		630,541
Loans and leases, gross	542,241		630,898
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	5	0
Year-to-date gross charge-offs, fiscal year before current fiscal year	392	2,745
Year-to-date gross charge-offs, two years before current fiscal year	5,460	2,730
Year-to-date gross charge-offs, three years before current fiscal year	2,318	345
Year-to-date gross charge-offs, four years before current fiscal year	283	409
Year-to-date gross charge-offs, five years before current fiscal year	725	330
Year-to-date gross charge-offs, Total	9,183	6,559
Consumer | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	16,203		88,593
Fiscal year before current fiscal year	91,475		261,752
Two years before current fiscal year	212,509		144,341
Three years before current fiscal year	115,566		36,431
Four years before current fiscal year	27,775		27,970
Five years before current fiscal year	24,351		10,538
Amortized Cost of Revolving Loans	52,545		59,130
Total	540,424		628,755
Consumer | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0		58
Fiscal year before current fiscal year	48		231
Two years before current fiscal year	160		205
Three years before current fiscal year	205		87
Four years before current fiscal year	15		83
Five years before current fiscal year	1,056		1,084
Amortized Cost of Revolving Loans	0		10
Total	1,484		1,758
Consumer | Loss
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year			0
Fiscal year before current fiscal year			0
Two years before current fiscal year			0
Three years before current fiscal year			0
Four years before current fiscal year			0
Five years before current fiscal year			28
Amortized Cost of Revolving Loans			0
Total			28
Commercial and industrial
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	82,768		83,370
Fiscal year before current fiscal year	66,503		83,838
Two years before current fiscal year	83,845		81,043
Three years before current fiscal year	77,567		33,493
Four years before current fiscal year	29,334		42,733
Five years before current fiscal year	153,579		160,910
Amortized Cost of Revolving Loans	91,260		90,320
Total	584,856		575,707
Loans and leases, gross	585,048		576,038
Financing Receivable, Allowance For Credit Loss, Write Off, By Origination Year [Abstract]
Year-to-date gross charge-offs, Current fiscal year	19	0
Year-to-date gross charge-offs, fiscal year before current fiscal year	74	212
Year-to-date gross charge-offs, two years before current fiscal year	204	88
Year-to-date gross charge-offs, three years before current fiscal year	184	0
Year-to-date gross charge-offs, four years before current fiscal year	13	207
Year-to-date gross charge-offs, five years before current fiscal year	707	634
Year-to-date gross charge-offs, Total	1,201	$ 1,141
Commercial and industrial | Pass
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	82,768		83,333
Fiscal year before current fiscal year	66,377		82,649
Two years before current fiscal year	80,033		77,551
Three years before current fiscal year	74,516		32,831
Four years before current fiscal year	28,777		42,162
Five years before current fiscal year	152,988		152,940
Amortized Cost of Revolving Loans	91,260		90,177
Total	576,719		561,643
Commercial and industrial | Special Mention
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0		0
Fiscal year before current fiscal year	33		0
Two years before current fiscal year	3,775		2,916
Three years before current fiscal year	2,910		0
Four years before current fiscal year	0		0
Five years before current fiscal year	0		944
Amortized Cost of Revolving Loans	0		93
Total	6,718		3,953
Commercial and industrial | Substandard
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0		37
Fiscal year before current fiscal year	93		1,189
Two years before current fiscal year	37		576
Three years before current fiscal year	141		662
Four years before current fiscal year	557		571
Five years before current fiscal year	591		7,026
Amortized Cost of Revolving Loans	0		50
Total	$ 1,419		$ 10,111

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in the allowance
Beginning balance	$ 63,532	$ 63,099	$ 63,934	$ 63,738
Provision (credit) for credit losses on loans	2,448	4,135	6,569	5,750
Subtotal	65,980	67,234	70,503	69,488
Charge-offs	(5,148)	(4,235)	(10,668)	(7,700)
Recoveries	1,393	850	2,390	2,061
Net (charge-offs) recoveries	(3,755)	(3,385)	(8,278)	(5,639)
Ending balance	62,225	63,849	62,225	63,849
Commercial and Industrial
Changes in the allowance
Beginning balance	7,008	7,131	7,181	6,824
Provision (credit) for credit losses on loans	452	52	871	888
Subtotal	7,460	7,183	8,052	7,712
Charge-offs	(519)	(362)	(1,201)	(1,141)
Recoveries	130	125	220	375
Net (charge-offs) recoveries	(389)	(237)	(981)	(766)
Ending balance	7,071	6,946	7,071	6,946
Consumer
Changes in the allowance
Beginning balance	16,142	19,559	17,079	20,227
Provision (credit) for credit losses on loans	1,750	3,297	4,758	4,407
Subtotal	17,892	22,856	21,837	24,634
Charge-offs	(4,345)	(3,873)	(9,183)	(6,559)
Recoveries	1,254	703	2,147	1,611
Net (charge-offs) recoveries	(3,091)	(3,170)	(7,036)	(4,948)
Ending balance	14,801	19,686	14,801	19,686
Construction | Real Estate
Changes in the allowance
Beginning balance	3,619	3,087	4,004	2,867
Provision (credit) for credit losses on loans	179	567	(206)	787
Subtotal	3,798	3,654	3,798	3,654
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0
Ending balance	3,798	3,654	3,798	3,654
Residential Mortgage | Real Estate
Changes in the allowance
Beginning balance	16,026	11,813	14,626	11,804
Provision (credit) for credit losses on loans	(362)	413	1,030	369
Subtotal	15,664	12,226	15,656	12,173
Charge-offs	(284)	0	(284)	0
Recoveries	9	7	17	60
Net (charge-offs) recoveries	(275)	7	(267)	60
Ending balance	15,389	12,233	15,389	12,233
Home Equity | Real Estate
Changes in the allowance
Beginning balance	3,733	4,037	3,501	4,114
Provision (credit) for credit losses on loans	96	(87)	322	(164)
Subtotal	3,829	3,950	3,823	3,950
Charge-offs	0	0	0	0
Recoveries	0	15	6	15
Net (charge-offs) recoveries	0	15	6	15
Ending balance	3,829	3,965	3,829	3,965
Commercial Mortgage | Real Estate
Changes in the allowance
Beginning balance	17,004	17,472	17,543	17,902
Provision (credit) for credit losses on loans	333	(107)	(206)	(537)
Subtotal	17,337	17,365	17,337	17,365
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0
Ending balance	$ 17,337	$ 17,365	$ 17,337	$ 17,365

ALLOWANCE FOR CREDIT LOSSES A_4

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
Beginning balance	$ 3,521	$ 3,480	$ 3,706	$ 3,243
Ending balance	3,312	3,664	3,312	3,664
Adjusted balance at beginning of period
Off-Balance Sheet, Credit Loss, Liability [Roll Forward]
(Credit) provision for off-balance sheet credit exposures	$ (209)	$ 184	$ (394)	$ 421

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Investments in low-income housing tax credit partnerships, net of amortization	$ 36,478	$ 37,838
Investments in common securities of statutory trusts	1,547	1,547
Investments in affiliates	80	111
Other	2,050	2,050
Total	$ 40,155	$ 41,546

INVESTMENTS IN UNCONSOLIDATED_4

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Total unfunded commitments	$ 15,232
Swell Financial, Inc.
Schedule of Investments [Line Items]
Proceeds from intellectual property rights and platform usage feeds from products	1,400	$ 1,500	$ 1,500
Swell Financial, Inc. | Maximum
Schedule of Investments [Line Items]
Proceeds from sale of equity method investment securities			500
JAM FINTOP Banktech Fund, L.P.
Schedule of Investments [Line Items]
Equity method investments					$ 2,000
Swell Financial, Inc.
Schedule of Investments [Line Items]
Equity method investments				$ 2,000
LIHTC
Schedule of Investments [Line Items]
Total unfunded commitments	14,329		22,000
Other
Schedule of Investments [Line Items]
Total unfunded commitments	903		1,000
Fund Commitments
Schedule of Investments [Line Items]
Funded commitments, LIHTC	$ 47,800		$ 47,800

INVESTMENTS IN UNCONSOLIDATED_5

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Future Commitments) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Commitments [Line Items]
2024 (remainder)	$ 10,599
2025	4,248
2026	26
2027	26
2028	20
2029	27
Thereafter	286
Total unfunded commitments	15,232
LIHTC
Other Commitments [Line Items]
2024 (remainder)	9,696
2025	4,248
2026	26
2027	26
2028	20
2029	27
Thereafter	286
Total unfunded commitments	14,329	$ 22,000
Other
Other Commitments [Line Items]
2024 (remainder)	903
2025	0
2026	0
2027	0
2028	0
2029	0
Thereafter	0
Total unfunded commitments	$ 903	$ 1,000

INVESTMENTS IN UNCONSOLIDATED_6

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES (Amortization Expense and Tax Credits Recognized With Investments in LIHTC) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Amortization expense recognized in income tax expense	$ 674	$ 714	$ 1,360	$ 1,428
Tax credits recognized in income tax expense	$ 801	$ 892	$ 1,601	$ 1,784

MORTGAGE SERVICING RIGHTS (Chan

MORTGAGE SERVICING RIGHTS (Changes In Mortgage Servicing Rights) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in other intangible assets
Balance, beginning of period			$ 8,696	$ 9,074
Additions			310	125
Amortization	$ (200)	$ (200)	(370)	(356)
Balance, end of period	$ 8,636	$ 8,843	$ 8,636	$ 8,843

MORTGAGE SERVICING RIGHTS (Narr

MORTGAGE SERVICING RIGHTS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Gain on sale of residential mortgage loans			$ 748	$ 296
Mortgage servicing rights
Acquired Finite-Lived Intangible Assets [Line Items]
Gain on sale of residential mortgage loans	$ 200	$ 100	300	100
Amortization	$ (200)	$ (200)	$ (370)	$ (356)

MORTGAGE SERVICING RIGHTS (Fair

MORTGAGE SERVICING RIGHTS (Fair Market Value And Key Assumptions Used In Determining Fair Market Value of Mortgage Servicing Rights) (Details) - Mortgage servicing rights $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Fair market value	$ 12,151	$ 12,185	$ 12,061
Weighted-average discount rate
Finite-Lived Intangible Assets [Line Items]
Measurement input	0.095	0.095
Weighted-average prepayment speed assumption
Finite-Lived Intangible Assets [Line Items]
Measurement input	0.110	0.112

MORTGAGE SERVICING RIGHTS (Gros

MORTGAGE SERVICING RIGHTS (Gross Carrying Value, Accumulated Amortization, Net Carrying Value) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Gross carrying value, accumulated amortization and net carrying value related to intangible assets
Gross Carrying Value	$ 70,050	$ 69,740
Accumulated Amortization	(61,414)	(61,044)
Net Carrying Value	$ 8,636	$ 8,696	$ 8,843	$ 9,074

MORTGAGE SERVICING RIGHTS (Esti

MORTGAGE SERVICING RIGHTS (Estimated Amortization Expense) (Details) - Mortgage servicing rights - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Estimated Amortization Expense
2024 (remainder)	$ 418
2025	893
2026	803
2027	719
2028	642
2029	563
Thereafter	4,598
Net Carrying Value	$ 8,636	$ 8,696	$ 8,843	$ 9,074

DERIVATIVES (Additional Informa

DERIVATIVES (Additional Information) (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Interest rate lock commitments | Derivative Financial Instruments Not Designated as Hedging Instruments
DERIVATIVES
Mortgage loans hedged	$ 2,800,000	$ 1,800,000
Risk Participation Agreements | Derivative Financial Instruments Not Designated as Hedging Instruments
DERIVATIVES
Notional amount	35,600,000	36,000,000
Back-to-back swap agreements | Derivative Financial Instruments Not Designated as Hedging Instruments
DERIVATIVES
Notional amount	50,600,000	51,100,000
Cash pledged as collateral	(14,400,000)	$ (9,600,000)
Interest rate swap agreements | Derivative Financial Instruments Designated as Hedging Instruments
DERIVATIVES
Notional amount	$ 115,500,000
Fixed interest rate	2.095%

DERIVATIVES (Balance Sheet) (De

DERIVATIVES (Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivative Financial Instruments Not Designated as Hedging Instruments | Derivatives - Interest rate contracts
Asset Derivatives
Fair Value	$ 1	$ 0
Liability Derivatives
Fair Value	4	34
Derivative Financial Instruments Not Designated as Hedging Instruments | Back-to-back swap agreements
Asset Derivatives
Fair Value	4,237	3,547
Liability Derivatives
Fair Value	4,237	3,547
Derivative Financial Instruments Designated as Hedging Instruments | Interest rate swap agreements
Asset Derivatives
Fair Value	9,304	6,440
Liability Derivatives
Fair Value	$ 0	$ 0

DERIVATIVES (Income Statement)

DERIVATIVES (Income Statement) (Details) - Derivatives Not in Cash Flow Hedging Relationship - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Financial Instruments 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	$ (4)	$ 16	$ 31	$ 8
Derivative Financial Instruments 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	Other service charges and fees	Other service charges and fees
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 0	$ 35	$ 80	$ 35
Derivative Financial Instruments Not Designated as Hedging Instruments | Loans held for sale
DERIVATIVES
Location of Gain (Loss) Recognized in Earnings on Derivatives		Other	Other	Other
Amount of Gain (Loss) Recognized in Earnings on Derivatives		$ (4)	$ (17)	$ (1)
Derivative Financial Instruments Designated as Hedging Instruments | Interest rate swap agreements
DERIVATIVES
Location of Gain (Loss) Recognized in Earnings on Derivatives	Interest and Dividend Income, Operating	Interest and Dividend Income, Operating	Interest Income (Expense), Net	Interest Income (Expense), Net
Amount of Gain (Loss) Recognized in Earnings on Derivatives	$ 884	$ (116)	$ 776	$ (59)

DERIVATIVES (Balance Sheet Cumu

DERIVATIVES (Balance Sheet Cumulative Basis Adjustments For Fair Value Hedges) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Line Item in the Consolidated Balance Sheets	Fair Value
Carrying Amount of the Hedged Assets	$ 89,600	$ 90,636
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets	$ (9,848)	$ (6,817)

SHORT-TERM BORROWINGS AND LON_3

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Narrative (Details)		1 Months Ended		3 Months Ended	6 Months Ended
	Oct. 20, 2020 USD ($)	Dec. 31, 2004 USD ($)	Sep. 30, 2004 USD ($)	Mar. 31, 2024	Jun. 30, 2024 USD ($) period	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Long term borrowings					$ 156,223,000	$ 156,102,000
Investment securities					1,292,586,000	1,279,548,000
Unamortized debt issuance costs					$ 324,000	445,000
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 to company			$ 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 to company		$ 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					$ 1,870,000,000	1,930,000,000
Unused borrowings available					1,740,000,000	1,810,000,000
FHLB advances and other short-term borrowings					0	0
Long term borrowings					50,000,000	50,000,000
Letters of Credit, outstanding					79,000,000	72,000,000
Federal Home Loan Bank Borrowings | Asset Pledged as Collateral
Debt Instrument [Line Items]
Net loans and leases					$ 3,140,000,000	$ 3,160,000,000
Federal Home Loan Bank Borrowings | Minimum
Debt Instrument [Line Items]
Long term borrowings, interest rate					4.02%	4.02%
Federal Home Loan Bank Borrowings | Maximum
Debt Instrument [Line Items]
Long term borrowings, interest rate					4.62%	4.62%
Federal Reserve discount window line of credit
Debt Instrument [Line Items]
Unused borrowings available					$ 238,300,000	$ 285,800,000
Federal Reserve discount window line of credit | Asset Pledged as Collateral
Debt Instrument [Line Items]
Net loans and leases					131,800,000	135,100,000
Investment securities					190,600,000	196,700,000
Pacific Coast Bankers' Bank ("PCBB")
Debt Instrument [Line Items]
Unused borrowings available					$ 75,000,000	$ 75,000,000
Trust IV | Junior Subordinated Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate			2.45%
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%	0.26%
Trust V | Junior Subordinated Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		1.87%
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%	0.26%
Notes | Subordinated notes
Debt Instrument [Line Items]
Long term borrowings					$ 54,700,000
Debt face amount	$ 55,000,000
Debt instrument, term	10 years
Stated interest rate, first five years	4.75%				4.75%	4.75%
Unamortized debt issuance costs					$ 300,000
Notes | Subordinated notes | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	4.56%			4.56%	4.56%

SHORT-TERM BORROWINGS AND LON_4

SHORT-TERM BORROWINGS AND LONG-TERM DEBT - Subordinated Debentures (Details) - Junior Subordinated Debt - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Subordinated Debentures		$ 51,547	$ 51,547
Trust IV
Debt Instrument [Line Items]
Subordinated Debentures		$ 30,928	30,928
Trust IV | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Interest Rate	0.26%	0.26%
Trust IV | Tenor Spread Adjustment
Debt Instrument [Line Items]
Interest Rate	2.45%	2.45%
Trust V
Debt Instrument [Line Items]
Subordinated Debentures		$ 20,619	$ 20,619
Trust V | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Interest Rate	0.26%	0.26%
Trust V | Tenor Spread Adjustment
Debt Instrument [Line Items]
Interest 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		3 Months Ended	6 Months Ended
	Oct. 20, 2020	Mar. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Subordinated notes			$ 55,000	$ 55,000
Stated interest rate, first five years	4.75%		4.75%	4.75%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	4.56%	4.56%	4.56%

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from External Customer [Line Items]
In-Scope	$ 9,134	$ 7,781	$ 17,414	$ 15,743
Out-of-Scope	2,987	2,654	5,951	5,701
Total	12,121	10,435	23,365	21,444
Mortgage banking income
Revenue from External Customer [Line Items]
In-Scope	202	174	274	325
Out-of-Scope	838	516	1,379	891
Total	1,040	690	1,653	1,216
Service charges on deposit accounts
Revenue from External Customer [Line Items]
In-Scope	2,135	2,137	4,238	4,248
Out-of-Scope	0	0	0	0
Total	2,135	2,137	4,238	4,248
Other service charges and fees
Revenue from External Customer [Line Items]
In-Scope	5,348	4,402	10,018	8,781
Out-of-Scope	521	592	1,112	1,198
Total	5,869	4,994	11,130	9,979
Income from fiduciary activities
Revenue from External Customer [Line Items]
In-Scope	1,449	1,068	2,884	2,389
Out-of-Scope	0	0	0	0
Total	1,449	1,068	2,884	2,389
Income from bank-owned life insurance
Revenue from External Customer [Line Items]
In-Scope	0	0	0	0
Out-of-Scope	1,234	1,185	2,756	2,476
Total	1,234	1,185	2,756	2,476
Other
Revenue from External Customer [Line Items]
In-Scope	0	0	0	0
Out-of-Scope	394	361	704	1,136
Total	$ 394	$ 361	$ 704	$ 1,136

SHARE-BASED COMPENSATION (Narra

SHARE-BASED COMPENSATION (Narrative) (Details) - Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs")	6 Months Ended
	Jun. 30, 2024
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

SHARE-BASED COMPENSATION (Restr

SHARE-BASED COMPENSATION (Restricted and Performance Stock Unit Activity) (Details) - Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Activity of nonvested shares
Non-vested RSUs and PSUs, beginning of period (in shares) | shares	224,579
Changes during the period:
Granted (in shares) | shares	137,911
Forfeited (in shares) | shares	(1,648)
Vested (in shares) | shares	(73,841)
Non-vested RSUs and PSUs, end of period (in shares) | shares	287,001
Weighted Average Grant Date Fair Value
Non-vested RSUs and PSUs, beginning of period (in dollars per share) | $ / shares	$ 24.76
Changes during the period:
Granted (in dollars per share) | $ / shares	19.41
Forfeited (in dollars per share) | $ / shares	20.59
Vested (in dollars per share) | $ / shares	23.75
Non-vested RSUs and PSUs, end of period (in dollars per share) | $ / shares	$ 22.48
Additional disclosures
Fair Value of RSUs and PSUs That Vested During the Period | $	$ 1,433

SUPPLEMENTAL EXECUTIVE RETIRE_3

SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Narrative) (Details) $ in Millions	Jun. 30, 2024 USD ($)
SERPs
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Projected benefit obligation	$ 9.3

SUPPLEMENTAL EXECUTIVE RETIRE_4

SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Net Periodic Benefit Cost) (Details) - SERPs - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
PENSION AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS
Interest cost	$ 108	$ 112	$ 216	$ 224
Amortization of net actuarial gain	0	(19)	0	(38)
Amortization of net transition obligation	0	2	0	4
Net periodic benefit cost	$ 108	$ 95	$ 216	$ 190

OPERATING LEASES (Lease Cost an

OPERATING LEASES (Lease Cost and Other Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Lease cost:
Operating lease cost	$ 1,437	$ 1,327	$ 2,740	$ 2,652
Variable lease cost	927	934	1,862	1,822
Less: Sublease income	0	(17)	0	(34)
Total lease cost	2,364	2,244	4,602	4,440
Operating cash flows from operating leases	$ (1,425)	$ (1,302)	$ (2,682)	$ (2,692)
Weighted-average remaining lease term - operating leases	10 years 10 months 13 days	10 years 11 months 23 days	10 years 10 months 13 days	10 years 11 months 23 days
Weighted-average discount rate - operating leases	4.09%	3.96%	4.09%	3.96%

OPERATING LEASES (Undiscounted

OPERATING LEASES (Undiscounted Cash Flows And Reconciliation To Operating Lease Liabilities) (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Undiscounted Cash Flows
2024 (remainder)	$ 2,443
2025	4,499
2026	4,441
2027	4,428
2028	3,611
2029	3,144
Thereafter	18,965
Total	41,531
Lease Liability Discount on Cash Flows
2024 (remainder)	644
2025	1,179
2026	1,050
2027	915
2028	794
2029	688
Thereafter	2,839
Total	8,109
Lease Liability
2024 (remainder)	1,799
2025	3,320
2026	3,391
2027	3,513
2028	2,817
2029	2,456
Thereafter	16,126
Total	$ 33,422

OPERATING LEASES (Lease Income)

OPERATING LEASES (Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
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	$ 511	$ 563	$ 1,020	$ 1,125

OPERATING LEASES (Future Minimu

OPERATING LEASES (Future Minimum Rental Income) (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Future minimum rental income for those noncancellable operating leases that had initial lease terms in excess of one year
2024 (remainder)	$ 644
2025	1,157
2026	1,015
2027	960
2028	608
2029	553
Thereafter	1,293
Total	$ 6,230

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Net change in fair value of investment securities:
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value					$ (3,505)	$ (3,644)
Other comprehensive income (loss)	$ 2,215		$ (3,469)		(129)	11,841
Net change in fair value of investment securities:
Other comprehensive income (loss)	583		(922)		(34)	3,132
Net change in fair value of investment securities:
Net change in fair value of investment securities	274		(6,025)		(4,906)	5,181
Total other comprehensive income (loss), net of tax	1,632	$ (1,727)	(2,547)	$ 11,256	(95)	8,709
Net unrealized gains on investment securities
Net change in fair value of investment securities:
Net unrealized gains (losses) on AFS investment securities arising during the period	370		(8,204)
Amortization of unrealized losses on investment securities transferred to held-to-maturity at fair value	1,867		1,976		3,505	3,644
Net change in fair value of investment securities	2,237		(6,228)
Net unrealized gains arising during the period					(6,665)	7,054
Other comprehensive income (loss)					(3,160)	10,698
Net change in fair value of investment securities:
Net unrealized gains (losses) on AFS investment securities arising during the period	96		(2,179)
Amortization of unrealized losses on investment securities transferred to HTM	493		525		925	968
Net change in fair value of investment securities	589		(1,654)
Net unrealized gains (losses) arising during the period					(1,759)	1,873
Other comprehensive income (loss)					(834)	2,841
Net change in fair value of investment securities:
Net unrealized gains (losses) on investment securities arising during the period	274		(6,025)
Amortization of unrealized losses on investment securities transferred to held-to-maturity	(1,374)		(1,451)		(2,580)	(2,676)
Net change in fair value of investment securities	1,648		(4,574)
Other comprehensive income (loss) before reclassifications					(4,906)	5,181
Total other comprehensive income (loss), net of tax					(2,326)	7,857
Gain (Loss) On Unrealized Losses On Derivative Instruments
Net change in fair value of investment securities:
Net unrealized gains arising during the period	(22)		2,777		3,031	1,178
Other comprehensive income (loss)	(22)		2,777		3,031	1,178
Net change in fair value of investment securities:
Net unrealized gains (losses) arising during the period	(6)		737		800	301
Other comprehensive income (loss)	(6)		737		800	301
Net change in fair value of investment securities:
Other comprehensive income (loss) before reclassifications	(16)		2,040		2,231	877
Total other comprehensive income (loss), net of tax	(16)		2,040		2,231	877
Amortization of net actuarial gain
Defined benefit plans, Before Tax
Amortization			20			39
Defined benefit plans, Tax Effect
Amortization			5			10
Defined benefit plans, Net of Tax
Amortization			15			29
Amortization of net transition obligation
Defined benefit plans, Before Tax
Amortization			(2)			(4)
Defined benefit plans, Tax Effect
Amortization			0			0
Defined benefit plans, Net of Tax
Amortization			(2)			(4)
SERP
Net change in fair value of investment securities:
Other comprehensive income (loss)			18			35
Net change in fair value of investment securities:
Other comprehensive income (loss)			5			10
Net change in fair value of investment securities:
Other comprehensive income (loss) before reclassifications	0		0		0	0
Total other comprehensive income (loss), net of tax	0		(13)		0	(25)
Defined benefit plans, Net of Tax
Amortization	$ 0		$ 13		$ 0	$ 25

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in each component of AOCI, net of tax
Beginning balance	$ 507,203	$ 503,815	$ 470,926	$ 452,871	$ 503,815	$ 452,871
Other comprehensive loss	1,632	(1,727)	(2,547)	11,256	(95)	8,709
Ending balance	518,647	507,203	476,279	470,926	518,647	476,279
Investment Securities
Changes in each component of AOCI, net of tax
Beginning balance	(131,896)	(127,922)	(136,678)	(149,109)	(127,922)	(149,109)
Other comprehensive income (loss) before reclassifications	274		(6,025)		(4,906)	5,181
Reclassification adjustments from AOCI	1,374		1,451		2,580	2,676
Other comprehensive loss	1,648		(4,574)		(2,326)	7,857
Ending balance	(130,248)	(131,896)	(141,252)	(136,678)	(130,248)	(141,252)
Derivatives
Changes in each component of AOCI, net of tax
Beginning balance	7,276	5,029	3,482	4,645	5,029	4,645
Other comprehensive income (loss) before reclassifications	(16)		2,040		2,231	(877)
Reclassification adjustments from AOCI	0		0		0	0
Other comprehensive loss	(16)		2,040		2,231	877
Ending balance	7,260	7,276	5,522	3,482	7,260	5,522
SERP
Changes in each component of AOCI, net of tax
Beginning balance	297	297	468	480	297	480
Other comprehensive income (loss) before reclassifications	0		0		0	0
Reclassification adjustments from AOCI	0		(13)		0	(25)
Other comprehensive loss	0		(13)		0	(25)
Ending balance	297	297	455	468	297	455
Accum. Other Comp. Loss
Changes in each component of AOCI, net of tax
Beginning balance	(124,323)	(122,596)	(132,728)	(143,984)	(122,596)	(143,984)
Other comprehensive income (loss) before reclassifications	258		(3,985)		(2,675)	6,058
Reclassification adjustments from AOCI	1,374		1,438		2,580	2,651
Other comprehensive loss	1,632	(1,727)	(2,547)	11,256	(95)	8,709
Ending balance	$ (122,691)	$ (124,323)	$ (135,275)	$ (132,728)	$ (122,691)	$ (135,275)

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassified out of AOCI) (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of unrealized losses on investment securities transferred to HTM					$ 3,505	$ 3,644
Total reclassification adjustments from AOCI for the period, net of tax	$ 15,817	$ 12,945	$ 14,475	$ 16,187	28,762	30,662
Amortization of net actuarial gain
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization			20			39
Reclassification from AOCI, tax			(5)			(10)
Amounts reclassified from AOCI			15			29
Amortization of net transition obligation
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization			(2)			(4)
Reclassification from AOCI, tax			0			0
Amounts reclassified from AOCI			(2)			(4)
SERP
Amounts reclassified out of each component of accumulated other comprehensive income
Amounts reclassified from AOCI	0		13		0	25
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	1,374		1,438		2,580	2,651
Amount Reclassified from AOCI | Amortization of unrealized losses on investment securities transferred to HTM
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization of unrealized losses on investment securities transferred to HTM	1,867		1,976		3,505	3,644
Tax effect	(493)		(525)		(925)	(968)
Amortization of unrealized losses on investment securities transferred to held-to-maturity	1,374		1,451		2,580	2,676
Amount Reclassified from AOCI | Amortization of net actuarial gain
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	0		(20)		0	(39)
Amount Reclassified from AOCI | Amortization of net transition obligation
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	0		2		0	4
Amount Reclassified from AOCI | SERP
Amounts reclassified out of each component of accumulated other comprehensive income
Amortization	0		(18)		0	(35)
Reclassification from AOCI, tax	0		5		0	10
Amounts reclassified from AOCI	$ 0		$ (13)		$ 0	$ (25)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
SHARE-BASED COMPENSATION
Net income	$ 15,817	$ 12,945	$ 14,475	$ 16,187	$ 28,762	$ 30,662
Weighted average shares outstanding - basic	27,053,549		27,024,043		27,050,037	27,011,659
Weighted average shares outstanding - diluted	27,116,349		27,071,478		27,106,267	27,090,258
Basic earnings per share (in dollars per share)	$ 0.58		$ 0.54		$ 1.06	$ 1.14
Diluted earnings per share (in dollars per share)	$ 0.58		$ 0.53		$ 1.06	$ 1.13
Antidilutive securities excluded from the dilutive share calculation (in shares)	2,917		60,627		1,890	25,671
Stock Option
SHARE-BASED COMPENSATION
Dilutive effect of share-based compensation arrangements	62,800		47,435		56,230	78,599

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans, weighted average discount rate, percent	7.14%	6.86%
Time deposits, weighted average discount rate, percent	5.47%	5.48%
Long -term debt, weighted average discount rate, percent	6.82%	6.83%
Weighted average | Weighted-average discount rate | Interest rate swap agreements | Derivatives Not in Cash Flow Hedging Relationship | Derivative Financial Instruments Designated as Hedging Instruments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative, measurement input	0.0407	0.0334
Mortgage revenue bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Aggregate fair value	$ 16,252	$ 13,590	$ 15,418	$ 13,254
Mortgage revenue bonds | Weighted average | Weighted-average discount rate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Weighted average prepayment speed assumption	0.0654	0.0612
Mortgage revenue bonds | States and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Aggregate fair value	$ 6,254	$ 6,436	7,599	6,584
Mortgage revenue bonds | Residential - Non-government agencies
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Aggregate fair value	$ 694	$ 714	$ 714	$ 684

FAIR VALUE OF FINANCIAL ASSET_3

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Carrying Amount and Estimated Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets:
Cash and due from financial institutions	$ 103,829	$ 116,181
Interest-bearing deposits in other financial institutions	195,062	406,256
Loans held for sale	3,950	1,778
Accrued interest receivable	23,184	21,511
Financial liabilities:
Noninterest-bearing demand	1,847,173	1,913,379
Time	1,217,502	1,395,291
Accrued interest payable	14,998	18,948
Commitments to Extend Credit
Financial liabilities:
Off-balance sheet financial instruments, Notional Amount	1,227,966	1,275,331
Standby letters of credit and financial guarantees written
Financial liabilities:
Off-balance sheet financial instruments, Notional Amount	3,514	3,301
Interest rate lock commitments
Financial liabilities:
Notional Amount	(2,753)	(1,807)
Risk participation agreements
Financial liabilities:
Notional Amount	(35,605)	(36,022)
Assets
Financial liabilities:
Notional Amount	(50,645)	(51,059)
Liabilities
Financial liabilities:
Notional Amount	(50,645)	(51,059)
Liabilities, fair value disclosure	(4,237)	(3,547)
Interest rate swap agreements
Financial liabilities:
Notional Amount	(115,545)	(115,545)
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and due from financial institutions	103,829	116,181
Interest-bearing deposits in other financial institutions	195,062	406,256
Investment securities	30,117	0
Loans held for sale	0	0
Net loans and leases	0	0
Accrued interest receivable	341	342
Financial liabilities:
Noninterest-bearing demand	1,847,173	1,913,379
Interest-bearing demand and savings deposits	3,517,780	3,538,922
Time	0	0
Long-term debt	0	0
Accrued interest payable	109	85
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commitments to Extend Credit
Financial liabilities:
Off-balance sheet financial instruments	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Standby letters of credit and financial guarantees written
Financial liabilities:
Off-balance sheet financial instruments	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate lock commitments
Financial liabilities:
Liabilities, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Risk participation agreements
Financial liabilities:
Assets, fair value disclosure		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Risk participation agreements | Recurring basis
Financial liabilities:
Assets, fair value disclosure	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets
Financial liabilities:
Assets, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Liabilities
Financial liabilities:
Liabilities, fair value disclosure	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate swap agreements
Financial liabilities:
Assets, fair value disclosure	0	0
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	1,167,742	1,205,238
Loans held for sale	3,950	1,778
Net loans and leases	0	0
Accrued interest receivable	4,130	4,043
Financial liabilities:
Noninterest-bearing demand	0	0
Interest-bearing demand and savings deposits	0	0
Time	0	0
Long-term debt	0	0
Accrued interest payable	0	0
Significant Other Observable Inputs (Level 2) | Commitments to Extend Credit
Financial liabilities:
Off-balance sheet financial instruments	1,164	1,210
Significant Other Observable Inputs (Level 2) | Standby letters of credit and financial guarantees written
Financial liabilities:
Off-balance sheet financial instruments	53	50
Significant Other Observable Inputs (Level 2) | Interest rate lock commitments
Financial liabilities:
Liabilities, fair value disclosure	(3)	(34)
Significant Other Observable Inputs (Level 2) | Risk participation agreements
Financial liabilities:
Assets, fair value disclosure		0
Significant Other Observable Inputs (Level 2) | Risk participation agreements | Recurring basis
Financial liabilities:
Assets, fair value disclosure	0
Significant Other Observable Inputs (Level 2) | Assets
Financial liabilities:
Assets, fair value disclosure	0	0
Significant Other Observable Inputs (Level 2) | Liabilities
Financial liabilities:
Liabilities, fair value disclosure	0	0
Significant Other Observable Inputs (Level 2) | Interest rate swap agreements
Financial liabilities:
Assets, fair value disclosure	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	6,948	7,150
Loans held for sale	0	0
Net loans and leases	4,943,289	5,089,292
Accrued interest receivable	18,713	17,126
Financial liabilities:
Noninterest-bearing demand	0	0
Interest-bearing demand and savings deposits	0	0
Time	1,207,020	1,385,473
Long-term debt	150,309	153,073
Accrued interest payable	14,889	18,863
Significant Unobservable Inputs (Level 3) | Commitments to Extend Credit
Financial liabilities:
Off-balance sheet financial instruments	0	0
Significant Unobservable Inputs (Level 3) | Standby letters of credit and financial guarantees written
Financial liabilities:
Off-balance sheet financial instruments	0	0
Significant Unobservable Inputs (Level 3) | Interest rate lock commitments
Financial liabilities:
Liabilities, fair value disclosure	0	0
Significant Unobservable Inputs (Level 3) | Risk participation agreements
Financial liabilities:
Assets, fair value disclosure		0
Significant Unobservable Inputs (Level 3) | Risk participation agreements | Recurring basis
Financial liabilities:
Assets, fair value disclosure	0
Significant Unobservable Inputs (Level 3) | Assets
Financial liabilities:
Assets, fair value disclosure	4,237	3,547
Significant Unobservable Inputs (Level 3) | Liabilities
Financial liabilities:
Liabilities, fair value disclosure	(4,237)	(3,547)
Significant Unobservable Inputs (Level 3) | Interest rate swap agreements
Financial liabilities:
Assets, fair value disclosure	9,304	6,440
Carrying Amount
Financial assets:
Cash and due from financial institutions	103,829	116,181
Interest-bearing deposits in other financial institutions	195,062	406,256
Investment securities	1,292,586	1,279,548
Loans held for sale	3,950	1,778
Net loans and leases	5,383,644	5,438,982
Accrued interest receivable	23,184	21,511
Financial liabilities:
Noninterest-bearing demand	1,847,173	1,913,379
Interest-bearing demand and savings deposits	3,517,780	3,538,922
Time	1,217,502	1,395,291
Long-term debt	156,223	156,102
Accrued interest payable	14,998	18,948
Carrying Amount | Commitments to Extend Credit
Financial liabilities:
Off-balance sheet financial instruments	0	0
Carrying Amount | Standby letters of credit and financial guarantees written
Financial liabilities:
Off-balance sheet financial instruments	0	0
Carrying Amount | Interest rate lock commitments
Financial liabilities:
Liabilities, fair value disclosure	(3)	(34)
Carrying Amount | Risk participation agreements
Financial liabilities:
Assets, fair value disclosure		0
Carrying Amount | Risk participation agreements | Recurring basis
Financial liabilities:
Assets, fair value disclosure	0
Carrying Amount | Assets
Financial liabilities:
Assets, fair value disclosure	4,237	3,547
Carrying Amount | Interest rate swap agreements
Financial liabilities:
Assets, fair value disclosure	9,304	6,440
Estimated Fair Value
Financial assets:
Cash and due from financial institutions	103,829	116,181
Interest-bearing deposits in other financial institutions	195,062	406,256
Investment securities	1,204,807	1,212,388
Loans held for sale	3,950	1,778
Net loans and leases	4,943,289	5,089,292
Accrued interest receivable	23,184	21,511
Financial liabilities:
Noninterest-bearing demand	1,847,173	1,913,379
Interest-bearing demand and savings deposits	3,517,780	3,538,922
Time	1,207,020	1,385,473
Long-term debt	150,309	153,073
Accrued interest payable	14,998	18,948
Estimated Fair Value | Commitments to Extend Credit
Financial liabilities:
Off-balance sheet financial instruments	1,164	1,210
Estimated Fair Value | Standby letters of credit and financial guarantees written
Financial liabilities:
Off-balance sheet financial instruments	53	50
Estimated Fair Value | Interest rate lock commitments
Financial liabilities:
Liabilities, fair value disclosure	(3)	(34)
Estimated Fair Value | Risk participation agreements
Financial liabilities:
Assets, fair value disclosure		0
Estimated Fair Value | Risk participation agreements | Recurring basis
Financial liabilities:
Assets, fair value disclosure	0
Estimated Fair Value | Assets
Financial liabilities:
Assets, fair value disclosure	4,237	3,547
Estimated Fair Value | Interest rate swap agreements
Financial liabilities:
Assets, fair value disclosure	$ 9,304	$ 6,440

FAIR VALUE OF FINANCIAL ASSET_4

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	$ 676,719	$ 647,210
States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	121,475	126,635
Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	31,463	31,414
U.S. Treasury and other government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	53,731	26,197
Residential - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	353,954	378,386
Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	17,448	18,708
Commercial - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	83,512	50,914
Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	15,136	14,956
Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	676,719	647,210
Derivatives	9,301	6,406
Total	686,020	653,616
Recurring basis | Interest rate lock commitments
Assets and liabilities measured at fair value
Derivatives	(3)	(34)
Recurring basis | Interest rate swap agreements
Assets and liabilities measured at fair value
Derivatives	9,304	6,440
Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	121,475	126,635
Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	31,463	31,414
Recurring basis | U.S. Treasury and other government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	53,731	26,197
Recurring basis | Residential - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	353,954	378,386
Recurring basis | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	17,448	50,914
Recurring basis | Commercial - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	83,512	18,708
Recurring basis | Commercial - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	15,136	14,956
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	30,117	0
Derivatives	0	0
Total	30,117	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Interest rate lock commitments
Assets and liabilities measured at fair value
Derivatives	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Interest rate swap agreements
Assets and liabilities measured at fair value
Derivatives	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | States and political subdivisions
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Corporate securities
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | U.S. Treasury and other government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	30,117	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Residential - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Residential - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | Commercial - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring basis | 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	639,654	640,060
Derivatives	(3)	(34)
Total	639,651	640,026
Significant Other Observable Inputs (Level 2) | Recurring basis | Interest rate lock commitments
Assets and liabilities measured at fair value
Derivatives	(3)	(34)
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	115,221	120,199
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	31,463	31,414
Significant Other Observable Inputs (Level 2) | Recurring basis | U.S. Treasury and other government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	23,614	26,197
Significant Other Observable Inputs (Level 2) | Recurring basis | Residential - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	353,954	378,386
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	16,754	50,914
Significant Other Observable Inputs (Level 2) | Recurring basis | Commercial - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	83,512	17,994
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	15,136	14,956
Significant Unobservable Inputs (Level 3) | Recurring basis
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	6,948	7,150
Derivatives	9,304	6,440
Total	16,252	13,590
Significant Unobservable Inputs (Level 3) | Recurring basis | Interest rate lock commitments
Assets and liabilities measured at fair value
Derivatives	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Interest rate swap agreements
Assets and liabilities measured at fair value
Derivatives	9,304	6,440
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	6,254	6,436
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 and other government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Residential - U.S. government-sponsored entities and 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 - Non-government agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	694	0
Significant Unobservable Inputs (Level 3) | Recurring basis | Commercial - U.S. government-sponsored entities and agencies
Assets and liabilities measured at fair value
Available-for-sale debt securities, at fair value	0	714
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 FINANCIAL ASSET_5

FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Level 3 Assets and Liabilities) (Details) - Mortgage revenue bonds - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
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	$ 13,590	$ 13,254
Principal payments received	(132)	(125)
Unrealized net gain (loss) included in other comprehensive income	2,794	2,289
Aggregate fair value / Balance at the end of the period	16,252	15,418
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	6,436	6,584
Principal payments received	(120)	(114)
Unrealized net gain (loss) included in other comprehensive income	(62)	1,129
Aggregate fair value / Balance at the end of the period	6,254	7,599
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	714	684
Principal payments received	(12)	(11)
Unrealized net gain (loss) included in other comprehensive income	(8)	41
Aggregate fair value / Balance at the end of the period	694	714
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	6,440	5,986
Principal payments received	0	0
Unrealized net gain (loss) included in other comprehensive income	2,864	1,119
Aggregate fair value / Balance at the end of the period	$ 9,304	$ 7,105