Bar Harbor Bankshares (BHB) 10-Q8 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2024	May 06, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Entity File Number	001-13349
Entity Registrant Name	BAR HARBOR BANKSHARES
Entity Incorporation, State or Country Code	ME
Entity Tax Identification Number	01-0393663
Entity Address, Address Line One	PO Box 400
Entity Address, Address Line Two	82 Main Street
Entity Address, City or Town	Bar Harbor
Entity Address, State or Province	ME
Entity Address, Postal Zip Code	04609-0400
City Area Code	207
Local Phone Number	288-3314
Title of 12(b) Security	Common Stock, par value $2.00 per share
Trading Symbol	BHB
Security Exchange Name	NYSEAMER
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		15,232,425
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000743367
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents:
Cash and due from banks	$ 30,770	$ 42,221
Interest-earning deposits with other banks	45,449	52,621
Total cash and cash equivalents	76,219	94,842
Securities:
Securities available for sale	527,603	534,574
Federal Home Loan Bank stock	9,960	12,788
Total securities	537,563	547,362
Loans held for sale	3,137	2,189
Total loans	3,011,672	2,999,049
Less: Allowance for credit losses	(28,355)	(28,142)
Net loans	2,983,317	2,970,907
Premises and equipment, net	47,849	48,287
Goodwill	119,477	119,477
Other intangible assets	4,637	4,869
Cash surrender value of bank-owned life insurance	80,642	80,037
Deferred tax assets, net	23,849	22,979
Other assets	82,285	79,936
Total assets	3,958,975	3,970,885
Deposits:
Demand	544,495	569,714
Interest-bearing demand deposits	888,591	946,978
Savings	551,493	553,963
Money market	365,289	370,242
Time	777,208	700,260
Total deposits	3,127,076	3,141,157
Borrowings:
Senior	269,437	271,044
Subordinated	60,501	60,461
Total borrowings	329,938	331,505
Other liabilities	66,247	66,164
Total liabilities	3,523,261	3,538,826
Shareholders' equity
Capital stock, par value $2.00; authorized 20,000,000 shares; issued 16,428,388 shares; outstanding 15,211,877 shares and 15,172,131 shares at March 31, 2024 and December 31, 2023, respectively	32,857	32,857
Additional paid-in capital	193,246	193,114
Retained earnings	277,991	272,101
Accumulated other comprehensive loss	(52,568)	(49,862)
Less: 1,216,511 and 1,256,257 shares of treasury stock, at cost, at March 31, 2024 and December 31, 2023, respectively	(15,812)	(16,151)
Total shareholders' equity	435,714	432,059
Total liabilities and shareholders' equity	$ 3,958,975	$ 3,970,885

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
Capital stock, par value (in dollars per share)	$ 2	$ 2
Capital stock, shares authorized (in shares)	20,000,000	20,000,000
Capital stock, shares issued (in shares)	16,428,388	16,428,388
Capital stock, shares outstanding (in shares)	15,211,877	15,172,131
Treasury stock (in shares)	1,216,511	1,256,257

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income
Loans	$ 39,470	$ 34,560
Securities and other	6,353	5,791
Total interest and dividend income	45,823	40,351
Interest expense
Deposits	14,532	5,265
Borrowings	3,236	4,180
Total interest expense	17,768	9,445
Net interest income	28,055	30,906
Provision for credit losses	289	798
Net interest income after provision for credit losses	27,766	30,108
Non-interest income
Trust and investment management fee income	3,670	3,555
Customer service fees	3,710	3,677
Gain on sales of securities, net		34
Mortgage banking income	257	279
Bank-owned life insurance income	561	1,148
Customer derivative income		132
Other income	388	359
Total non-interest income	8,586	9,184
Non-interest expense
Salaries and employee benefits	13,248	12,771
Occupancy and equipment	4,473	4,414
Gain on sales of premises and equipment, net	(15)	(13)
Outside services	338	356
Professional services	400	426
Communication	189	162
Marketing	567	409
Amortization of intangible assets	233	233
Acquisition, conversion and other expenses	20	20
Provision for unfunded commitments	(185)	(175)
Other expenses	4,420	4,101
Total non-interest expense	23,688	22,704
Income before income taxes	12,664	16,588
Income tax expense	2,569	3,576
Net income	$ 10,095	$ 13,012
Earnings per share:
Basic (in dollars per share)	$ 0.66	$ 0.86
Diluted (in dollars per share)	$ 0.66	$ 0.86
Weighted average common shares outstanding:
Basic (in shares)	15,198,337	15,109,847
Diluted (in shares)	15,269,833	15,190,089

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
Net income	$ 10,095	$ 13,012
Other comprehensive income (loss), before tax:
Changes in unrealized (loss) gain on securities available for sale	(2,597)	6,006
Changes in unrealized (loss) gain on hedging derivatives	(937)	767
Changes in unrealized gain (loss) on pension	22
Income taxes related to other comprehensive income (loss):
Changes in unrealized loss (gain) on securities available for sale	613	(1,406)
Changes in unrealized loss (gain) on hedging derivatives	221	(178)
Changes in unrealized (gain) loss on pension	(28)
Total other comprehensive (loss) income	(2,706)	5,189
Total comprehensive income	$ 7,389	$ 18,201

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Common stock amount	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury stock	Total
Balance at beginning of period at Dec. 31, 2022	$ 32,857	$ 191,922	$ 243,815	$ (58,340)	$ (16,804)	$ 393,450
Increase (Decrease) in Stockholders' Equity
Net income			13,012			13,012
Other comprehensive income (loss)				5,189		5,189
Cash dividends declared			(3,943)			(3,943)
Net issuance to employee stock plans, including related tax effects		40			363	403
Recognition of stock based compensation		299				299
Balance at end of period at Mar. 31, 2023	32,857	192,261	252,884	(53,151)	(16,441)	408,410
Balance at beginning of period at Dec. 31, 2023	32,857	193,114	272,101	(49,862)	(16,151)	432,059
Increase (Decrease) in Stockholders' Equity
Net income			10,095			10,095
Other comprehensive income (loss)				(2,706)		(2,706)
Cash dividends declared			(4,205)			(4,205)
Net issuance to employee stock plans, including related tax effects		(355)			339	(16)
Recognition of stock based compensation		487				487
Balance at end of period at Mar. 31, 2024	$ 32,857	$ 193,246	$ 277,991	$ (52,568)	$ (15,812)	$ 435,714

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED)
Cash dividends declared (in dollars per share)	$ 0.28	$ 0.26
Net issuance (in shares)	39,746	41,763

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 10,095	$ 13,012
Adjustments to reconcile net income to net cash provided by operating activities:
Net change in loans held for sale	948	463
Provision for credit losses	289	798
Net amortization of securities	485	540
Change in unamortized net loan costs and premiums	(265)	49
Premises and equipment depreciation	1,036	1,048
Stock-based compensation expense	487	299
Amortization of other intangibles	233	233
Income from cash surrender value of bank-owned life insurance policies	(561)	(1,148)
Gain on sales of securities, net		(34)
Amortization of right-of-use lease assets	126	298
Decrease in lease liabilities	(126)	(290)
Gain on premises and equipment, net	(15)	(13)
Net change in other assets and liabilities	(4,217)	2,098
Net cash provided by operating activities	8,515	17,353
Cash flows from investing activities:
Proceeds from sales, maturities, calls and prepayments of securities available for sale	7,738	2,534
Purchases of securities available for sale	(4,762)	(1,000)
Net change in loans	(12,434)	(41,582)
Purchase of Federal Home Loan Bank stock	(3,244)	(5,030)
Proceeds from sale of Federal Home Loan Bank stock	6,072	4,205
Purchase of premises and equipment, net	(671)	(1,153)
Proceeds from sale of premises and equipment	74
Proceeds from death benefit of bank-owned life insurance policy		3,909
Net cash used in investing activities	(7,227)	(38,117)
Cash flows from financing activities:
Net change in deposits	(14,081)	10,383
Net change in short-term borrowings	(1,604)	4,290
Repayments of long-term borrowings	(5)	(3)
Net change subordinated debt issuance costs		41
Net issuance to employee stock plans	(16)	403
Cash dividends paid on common stock	(4,205)	(3,943)
Net cash provided by financing activities	(19,911)	11,171
Net change in cash and cash equivalents	(18,623)	(9,593)
Cash and cash equivalents at beginning of year	94,842	92,295
Cash and cash equivalents at end of period	76,219	82,702
Supplemental cash flow information:
Interest paid	15,941	9,417
Income taxes paid, net	$ 4,303	$ 5,219

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2024
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1. BASIS OF PRESENTATION The consolidated financial statements (unaudited) (the “financial statements”) of Bar Harbor Bankshares and its subsidiaries (the “Company,” “we,” “our,” “us” or similar terms) have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Company is a Maine Financial Institution Holding Company for the purposes of the laws of the State of Maine, and as such is subject to the jurisdiction of the Superintendent of the Maine Bureau of Financial Institutions. These financial statements include our accounts, the accounts of our wholly owned subsidiary Bar Harbor Bank & Trust (the “Bank”) and the Bank’s consolidated subsidiaries. The results of operations of companies or assets acquired are included only from the dates of acquisition. All material wholly owned and majority owned subsidiaries are consolidated unless GAAP requires otherwise. In addition, these interim financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X, and accordingly, certain information and footnote disclosures normally included in financial statements prepared according to GAAP have been omitted. The results for any interim period are not necessarily indicative of results for the full year. The consolidated financial statements should be read in conjunction with the audited financial statements and note disclosures in the Form 10-K previously filed with the Securities and Exchange Commission (the “SEC”). In management's opinion, all adjustments necessary for a fair statement are reflected in the interim periods presented. Reclassifications: Goodwill assessment: Goodwill represents the excess of the purchase price over the fair value of net assets acquired in accordance with the purchase method of accounting for business combinations. Goodwill is not amortized but, instead, is subject to impairment tests on at least an annual basis, or more frequently, if an event occurs or circumstances change that reduce the fair value of a reporting unit below its carrying amount. The impairment testing process is conducted by assigning assets and goodwill to each reporting unit. Currently, our goodwill is evaluated at the entity level as there is only one reporting unit. Management, at our discretion, assesses certain qualitative factors to determine if it is more likely than not that the fair value of the reporting unit is less than its carrying value. An impairment charge is recognized if the carrying fair value of goodwill exceeds the implied fair value of goodwill. In the fourth quarter 2023, management completed its annual goodwill impairment testing using balance sheet and market data as of September 30, 2023. The analysis was performed at the consolidated Bank-level of the Company, which is considered the smallest reporting unit carrying goodwill. Based on an analysis performed, the Company's estimated fair value to a market participant as of September 30, 2023, exceeded its carrying amount resulting in no impairment charge for the period. Management evaluated current conditions and concluded there have been no significant changes in the economic environment or future projections and therefore, believes that there has been no further decline in the Company's fair value as of September 30, 2023. Management will continue to evaluate the economic conditions at future reporting periods for applicable changes. Recent Accounting Pronouncements The following table provides a brief description of recent accounting standards updates (“ASU”) that could have a material impact to the Company’s consolidated financial statements upon adoption: Standard Description Required Date of Adoption Effect on financial statements Standards Adopted in 2023 ASU 2022-02 Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings ("TDRs") and Vintage Disclosures The amendments in this update eliminate TDR recognition and measurement guidance and, instead, require that an entity evaluate (consistent with the accounting for other loan modifications) whether the modification represents a new loan or a continuation of an existing loan. The amendments enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. January 1, 2023 The adoption of this ASU did not have a material impact on our consolidated financial statements. ASU 2023-02 Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The amendments in this update permit reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. December 15, 2023, including interim periods within the fiscal year The adoption of this ASU did not have a material impact on our consolidated financial statements. Standards Not Yet Adopted ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures The amendments in this update require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income [or loss] by the applicable statutory income tax rate). We do not expect adoption of this ASU to have a material impact on our consolidated financial statements.

SECURITIES AVAILABLE FOR SALE

SECURITIES AVAILABLE FOR SALE	3 Months Ended
SECURITIES AVAILABLE FOR SALE	Mar. 31, 2024
SECURITIES AVAILABLE FOR SALE
SECURITIES AVAILABLE FOR SALE	NOTE 2. SECURITIES AVAILABLE FOR SALE The following is a summary of securities available for sale (“AFS”): Gross Gross Unrealized Unrealized (in thousands) Amortized Cost Gains Losses Fair Value March 31, 2024 Debt securities: Obligations of US Government-sponsored enterprises $ 1,718 $ — $ (31) $ 1,687 Mortgage-backed securities and collateralized mortgage obligations: US Government-sponsored enterprises 218,631 4 (32,811) 185,824 US Government agency 87,527 79 (11,424) 76,182 Private label 60,520 18 (1,506) 59,032 Obligations of states and political subdivisions thereof 118,605 5,425 (15,924) 108,106 Corporate bonds 105,550 1 (8,779) 96,772 Total securities available for sale $ 592,551 $ 5,527 $ (70,475) $ 527,603 Gross Gross Unrealized Unrealized (in thousands) Amortized Cost Gains Losses Fair Value December 31, 2023 Debt securities: Obligations of US Government-sponsored enterprises $ 2,021 $ — $ (29) $ 1,992 Mortgage-backed securities and collateralized mortgage obligations: US Government-sponsored enterprises 223,602 12 (30,332) 193,282 US Government agency 85,005 145 (10,937) 74,213 Private label 60,888 18 (1,855) 59,051 Obligations of states and political subdivisions thereof 119,857 4,515 (14,204) 110,168 Corporate bonds 105,552 19 (9,703) 95,868 Total securities available for sale $ 596,925 $ 4,709 $ (67,060) $ 534,574 Credit Quality Information We monitor the credit quality of available for sale debt securities through credit ratings from various rating agencies and substantial price changes. In an effort to make informed decisions, we utilize credit ratings that express opinions about the credit quality of a security. Securities are triggered for further review in the quarter if the security has significant fluctuations in ratings, significant pricing changes, or drops below investment-grade, or significant pricing changes. For securities without credit ratings, we utilize other financial information indicating the financial health of the underlying municipality, agency, or organization associated with the underlying security. As of March 31, 2024 and December 31, 2023, we carried no allowance on available for sale debt securities in accordance with ASC 326, Measurement of Credit Losses on Financial Instruments. The amortized cost and estimated fair value of available for sale securities segregated by contractual maturity at March 31, 2024 are presented below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Mortgage-backed securities and collateralized mortgage obligations are shown in total, as their maturities are highly variable. Available for sale (in thousands) Amortized Cost Fair Value Within 1 year $ 4,024 $ 4,024 Over 1 year to 5 years 52,916 49,626 Over 5 years to 10 years 42,276 43,158 Over 10 years 126,657 109,757 Total bonds and obligations 225,873 206,565 Mortgage-backed securities and collateralized mortgage obligations 366,678 321,038 Total securities available for sale $ 592,551 $ 527,603 The following table presents the realized gains and losses from the sale of AFS securities for the periods presented: Three Months Ended March 31, (in thousands) 2024 2023 Gross gains on sales of available for sale securities $ — $ 34 Gross losses on sales of available for sale securities — — Net gains on sale of available for sale securities $ — $ 34 Securities with unrealized losses, segregated by the duration of their continuous unrealized loss positions, are summarized as follows: Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair (in thousands) Losses Value Losses Value Losses Value March 31, 2024 Debt securities: Obligations of US Government-sponsored enterprises $ 1 $ 865 $ 30 $ 823 $ 31 $ 1,688 Mortgage-backed securities and collateralized mortgage obligations: US Government-sponsored enterprises 50 3,071 32,761 182,199 32,811 185,270 US Government agency 62 6,901 11,362 66,391 11,424 73,292 Private label 1 23 1,505 57,494 1,506 57,517 Obligations of states and political subdivisions thereof 26 4,922 15,898 100,867 15,924 105,789 Corporate bonds 70 6,952 8,709 88,789 8,779 95,741 Total securities available for sale $ 210 $ 22,734 $ 70,265 $ 496,563 $ 70,475 $ 519,297 Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair (in thousands) Losses Value Losses Value Losses Value December 31, 2023 Debt securities: Obligations of US Government-sponsored enterprises $ 1 $ 1,084 $ 28 $ 907 $ 29 $ 1,991 Mortgage-backed securities and collateralized mortgage obligations: US Government-sponsored enterprises 10 3,439 30,322 188,611 30,332 192,050 US Government agency 2 120 10,935 68,891 10,937 69,011 Private label — 26 1,855 59,007 1,855 59,033 Obligations of states and political subdivisions thereof 26 3,099 14,178 101,036 14,204 104,135 Corporate bonds 156 4,913 9,547 84,950 9,703 89,863 Total securities available for sale $ 195 $ 12,681 $ 66,865 $ 503,402 $ 67,060 $ 516,083 We expect to recover the amortized cost basis on all securities in our AFS portfolio. Furthermore, we do not intend to sell nor do we anticipate that we will be required to sell any securities in an unrealized loss position as of March 31, 2024, prior to this recovery. Our ability and intent to hold these securities until recovery is supported by our capital and liquidity positions as well as historically low portfolio turnover. The following summarizes, by investment security type, the impact of securities in an unrealized loss position at March 31, 2024: Obligations of US Government-sponsored enterprises 8 out of the total 8 securities in our portfolio of AFS obligations of US Government-sponsored enterprises were in unrealized loss positions. Aggregate unrealized losses represented 1.77% of the amortized cost of securities in unrealized loss positions. The US Small Business Administration guarantees the contractual cash flows of all of our obligations of US Government-sponsored enterprises. The securities are investment grade rated and there were no material underlying credit downgrades during the quarter. US Government-sponsored enterprises 466 out of the total 493 securities in our portfolio of AFS US Government-sponsored enterprises were in unrealized loss positions. Aggregate unrealized losses represented 15.05% of the amortized cost of securities in unrealized loss positions. The Federal National Mortgage Association and Federal Home Loan Mortgage Corporation guarantee the contractual cash flows of all of our US Government-sponsored enterprises. The securities are investment grade rated and there were no material underlying credit downgrades during the quarter. US Government agency 139 out of the total 154 securities in our portfolio of AFS US Government agency securities were in unrealized loss positions. Aggregate unrealized losses represented 13.49% of the amortized cost of securities in unrealized loss positions. The Government National Mortgage Association guarantees the contractual cash flows of all of our US Government agency securities. The securities are investment grade rated and there were no material underlying credit downgrades during the quarter. Private label 25 of the total 28 securities in our portfolio of AFS private label mortgage-backed securities were in unrealized loss positions. Aggregate unrealized losses represented 2.55% of the amortized cost of securities in unrealized loss positions. We expect to receive all of the future contractual cash flows related to the amortized cost on these securities. Obligations of states and political subdivisions thereof 61 of the total 69 securities in our portfolio of AFS municipal bonds and obligations were in unrealized loss positions. Aggregate unrealized losses represented 13.69% of the amortized cost of securities in unrealized loss positions. We continually monitor the municipal bond sector of the market carefully and periodically evaluate the appropriate level of exposure to the market. At this time, we believe (i) the bonds in this portfolio carry minimal risk of default and (ii) we are appropriately compensated for the risk. There were no material underlying credit downgrades during the quarter. Corporate bonds 33 out of the total 35 securities in our portfolio of AFS corporate bonds were in an unrealized loss position. The aggregate unrealized loss represents 8.40% of the amortized cost of bonds in unrealized loss positions. We review the financial strength of all of these bonds, and we have concluded that the amortized cost remains supported by the expected future cash flows of these securities. The most recent review includes all bond issuers and their current credit ratings, financial performance and capitalization.

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
LOANS AND ALLOWANCE FOR CREDIT LOSSES	Mar. 31, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES
LOANS AND ALLOWANCE FOR CREDIT LOSSES	NOTE 3. LOANS AND ALLOWANCE FOR CREDIT LOSSES We evaluate risk characteristics of loans based on regulatory call report code with segmentation based on the underlying collateral for certain loan types. The following is a summary of total loans based on regulatory call report code segmentation for certain loan types: March 31, December 31, (in thousands) 2024 2023 Commercial construction $ 158,270 $ 154,048 Commercial real estate owner occupied 323,581 310,015 Commercial real estate non-owner occupied 1,155,297 1,144,566 Tax exempt 39,261 43,688 Commercial and industrial 306,844 310,883 Residential real estate 933,911 940,334 Home equity 86,879 87,683 Consumer other 7,629 7,832 Total loans 3,011,672 2,999,049 Allowance for credit losses 28,355 28,142 Net loans $ 2,983,317 $ 2,970,907 Total unamortized net costs and premiums included in loan totals were as follows: March 31, December 31, (in thousands) 2024 2023 Net unamortized loan origination costs $ 2,774 $ 3,039 Net unamortized fair value discount on acquired loans (2,781) (2,891) Total $ (7) $ 148 We exclude accrued interest receivable from the amortized cost basis of loans disclosed throughout this footnote. As of March 31, 2024 and December 31, 2023, accrued interest receivable for loans totaled $13.2 million and $11.9 million, respectively, and is included in the “other assets” line item on the consolidated balance sheets. Characteristics of each loan portfolio segment are as follows: Commercial construction Commercial real estate owner occupied and non-owner occupied Tax Exempt Commercial and industrial loans Residential real estate Home equity - Consumer other Allowance for Credit Losses The Allowance for Credit Losses (“ACL”) is comprised of the allowance for loan losses and the allowance for unfunded commitments which is accounted for as a separate liability in other liabilities on our consolidated balance sheet. The level of the ACL represents management’s estimate of expected credit losses over the expected life of the loans at the consolidated balance sheet date. The ACL is a valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the allowance when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged off. The ACL is comprised of reserves measured on a collective (pool) basis based on a lifetime loss-rate model when similar risk characteristics exist. Loans that do not share risk characteristics are evaluated on an individual basis, generally larger non-accruing commercial loans. The activity in the ACL for the periods ended are as follows: At or for the Three Months Ended March 31, 2024 Balance at Beginning of Balance at (in thousands) Period Charge Offs Recoveries Provision End of Period Commercial construction $ 4,261 $ — $ — $ (564) $ 3,697 Commercial real estate owner occupied 2,863 (3) — 221 3,081 Commercial real estate non-owner occupied 9,443 — — (288) 9,155 Tax exempt 119 — — (6) 113 Commercial and industrial 3,259 (65) 1 639 3,834 Residential real estate 7,352 — 5 294 7,651 Home equity 767 — 3 (18) 752 Consumer other 78 (45) 28 11 72 Total $ 28,142 $ (113) $ 37 $ 289 $ 28,355 At or for the Three Months Ended March 31, 2023 Balance at Beginning of Balance at (in thousands) Period Charge Offs Recoveries Provision End of Period Commercial construction $ 2,579 $ — $ — $ 455 $ 3,034 Commercial real estate owner occupied 2,189 — — 159 2,348 Commercial real estate non-owner occupied 9,341 — — 3 9,344 Tax exempt 93 — — — 93 Commercial and industrial 3,493 (1) 6 117 3,615 Residential real estate 7,274 (4) 8 27 7,305 Home equity 811 — 2 (21) 792 Consumer other 80 (63) 1 58 76 Total $ 25,860 $ (68) $ 17 $ 798 $ 26,607 Unfunded Commitments The ACL on unfunded commitments is recognized as a liability (other liabilities on the consolidated balance sheet), with adjustments to the reserve recognized in other non-interest expense in the consolidated statement of operations. The activity in the ACL on unfunded commitments for the periods ended was as follows: (in thousands) Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Beginning Balance $ 3,825 $ 3,910 Provision for credit losses (186) (175) Ending Balance $ 3,639 $ 3,639 Loan Origination/Risk Management: Credit Quality Indicators: Company provides for the classification of loans which are considered to be of lesser quality as special mention, substandard, doubtful, or loss (i.e. risk-rated 6, 7, 8 and 9, respectively). The following are the definitions of our credit quality indicators: Pass: Special Mention: Substandard: Doubtful: Loss: The following table presents our loans by year of origination, loan segmentation and risk indicator as of March 31, 2024 : (in thousands) 2024 2023 2022 2021 2020 Prior Total Commercial construction Risk rating: Pass $ 1,219 $ 23,199 $ 107,106 $ 20,918 $ 4,415 $ 1,413 $ 158,270 Special mention — — — — — — — Substandard — — — — — — — Total $ 1,219 $ 23,199 $ 107,106 $ 20,918 $ 4,415 $ 1,413 $ 158,270 Current period gross write-offs — — — — — — — Commercial real estate owner occupied Risk rating: Pass $ 1,328 $ 52,491 $ 67,078 $ 60,467 $ 19,975 $ 115,429 $ 316,768 Special mention — 152 — — 1,565 3,382 5,099 Substandard — — — — — 1,604 1,604 Doubtful — — — — — 110 110 Total $ 1,328 $ 52,643 $ 67,078 $ 60,467 $ 21,540 $ 120,525 $ 323,581 Current period gross write-offs — — — — — 3 3 Commercial real estate non-owner occupied Risk rating: Pass $ 10,379 $ 41,205 $ 342,797 $ 198,618 $ 135,808 $ 321,447 $ 1,050,254 Special mention — 7,782 9,363 21,525 27,946 20,597 87,213 Substandard — — — — — 17,830 17,830 Doubtful — — — — — — — Total $ 10,379 $ 48,987 $ 352,160 $ 220,143 $ 163,754 $ 359,874 $ 1,155,297 Current period gross write-offs — — — — — — — Tax exempt Risk rating: Pass $ 501 $ 2,832 $ 8,468 $ 724 $ 208 $ 26,528 $ 39,261 Special mention — — — — — — — Substandard — — — — — — — Total $ 501 $ 2,832 $ 8,468 $ 724 $ 208 $ 26,528 $ 39,261 Current period gross write-offs — — — — — — — Commercial and industrial Risk rating: Pass $ 25,552 $ 79,412 $ 62,520 $ 18,175 $ 33,714 $ 79,651 $ 299,024 Special mention — 306 1,419 124 704 3,442 5,995 Substandard — 155 201 123 124 1,001 1,604 Doubtful — — — — — 221 221 Total $ 25,552 $ 79,873 $ 64,140 $ 18,422 $ 34,542 $ 84,315 $ 306,844 Current period gross write-offs — — — 62 3 — 65 Residential real estate Performing $ 7,076 $ 76,695 $ 186,939 $ 162,848 $ 94,344 $ 401,684 $ 929,586 Nonperforming — — 403 662 — 3,260 4,325 Total $ 7,076 $ 76,695 $ 187,342 $ 163,510 $ 94,344 $ 404,944 $ 933,911 Current period gross write-offs — — — — — — — Home equity Performing $ 2,620 $ 15,816 $ 15,200 $ 7,107 $ 6,138 $ 39,038 $ 85,919 Nonperforming — — — 57 — 903 960 Total $ 2,620 $ 15,816 $ 15,200 $ 7,164 $ 6,138 $ 39,941 $ 86,879 Current period gross write-offs — — — — — — — Consumer other Performing $ 1,913 $ 2,618 $ 1,476 $ 572 $ 212 $ 827 $ 7,618 Nonperforming — — — 6 5 — 11 Total $ 1,913 $ 2,618 $ 1,476 $ 578 $ 217 $ 827 $ 7,629 Current period gross write-offs — 4 1 — — 40 45 Total Loans $ 50,588 $ 302,663 $ 802,970 $ 491,926 $ 325,158 $ 1,038,367 $ 3,011,672 The following table presents our loans by year of origination, loan segmentation and risk indicator as of December 31, 2023: (in thousands) 2023 2022 2021 2020 2019 Prior Total Commercial construction Risk rating: Pass $ 14,040 $ 99,115 $ 35,978 $ 3,992 $ — $ 923 $ 154,048 Special mention — — — — — — — Substandard — — — — — — — Total $ 14,040 $ 99,115 $ 35,978 $ 3,992 $ — $ 923 $ 154,048 Current period gross write-offs — — — — — — — Commercial real estate owner occupied Risk rating: Pass $ 57,603 $ 61,015 $ 43,228 $ 20,209 $ 20,462 $ 91,187 $ 293,704 Special mention 160 387 7,488 1,596 — 3,066 12,697 Substandard — — — — — 3,497 3,497 Doubtful — — — — — 117 117 Total $ 57,763 $ 61,402 $ 50,716 $ 21,805 $ 20,462 $ 97,867 $ 310,015 Current period gross write-offs — — — — — — — Commercial real estate non-owner occupied Risk rating: Pass $ 41,270 $ 353,613 $ 199,311 $ 127,231 $ 78,759 $ 238,973 $ 1,039,157 Special mention 7,809 — 14,134 37,249 15,246 17,108 91,546 Substandard — — — — — 13,863 13,863 Doubtful — — — — — — — Total $ 49,079 $ 353,613 $ 213,445 $ 164,480 $ 94,005 $ 269,944 $ 1,144,566 Current period gross write-offs — — — — — — — Tax exempt Risk rating: Pass $ 6,340 $ 8,468 $ 787 $ 208 $ 590 $ 27,295 $ 43,688 Special mention — — — — — — — Substandard — — — — — — — Total $ 6,340 $ 8,468 $ 787 $ 208 $ 590 $ 27,295 $ 43,688 Current period gross write-offs — — — — — — — Commercial and industrial Risk rating: Pass $ 80,942 $ 69,402 $ 22,205 $ 38,824 $ 14,739 $ 77,273 $ 303,385 Special mention 364 1,446 — 776 28 3,588 6,202 Substandard 58 94 186 109 95 532 1,074 Doubtful — — — — 87 135 222 Total $ 81,364 $ 70,942 $ 22,391 $ 39,709 $ 14,949 $ 81,528 $ 310,883 Current period gross write-offs — — — — 5 659 664 Performing $ 72,395 $ 194,109 $ 165,434 $ 96,016 $ 62,648 $ 345,823 $ 936,425 Nonperforming — — 41 — 234 3,634 3,909 Total $ 72,395 $ 194,109 $ 165,475 $ 96,016 $ 62,882 $ 349,457 $ 940,334 Current period gross write-offs — — — — — 8 8 Home equity Performing $ 15,582 $ 15,334 $ 7,873 $ 6,633 $ 4,800 $ 36,652 $ 86,874 Nonperforming — — — — — 809 809 Total $ 15,582 $ 15,334 $ 7,873 $ 6,633 $ 4,800 $ 37,461 $ 87,683 Current period gross write-offs — — — — — 12 12 Consumer other Performing $ 4,128 $ 1,787 $ 696 $ 301 $ 51 $ 864 $ 7,827 Nonperforming — — 4 1 — — 5 Total $ 4,128 $ 1,787 $ 700 $ 302 $ 51 $ 864 $ 7,832 Current period gross write-offs — 52 18 5 — 214 289 Total Loans $ 300,691 $ 804,770 $ 497,365 $ 333,145 $ 197,739 $ 865,339 $ 2,999,049 Past Dues The following is a summary of past due loans for the periods ended: March 31, 2024 (in thousands) 30-59 60-89 90+ Total Past Due Current Total Loans Commercial construction $ — $ — $ — $ — $ 158,270 $ 158,270 Commercial real estate owner occupied 262 359 — 621 322,960 323,581 Commercial real estate non-owner occupied 217 — 94 311 1,154,986 1,155,297 Tax exempt — — — — 39,261 39,261 Commercial and industrial 527 183 1,010 1,720 305,124 306,844 Residential real estate 1,138 1,112 787 3,037 930,874 933,911 Home equity 187 150 348 685 86,194 86,879 Consumer other 66 8 7 81 7,548 7,629 Total $ 2,397 $ 1,812 $ 2,246 $ 6,455 $ 3,005,217 $ 3,011,672 December 31, 2023 (in thousands) 30-59 60-89 90+ Total Past Due Current Total Loans Commercial construction $ — $ — $ — $ — $ 154,048 $ 154,048 Commercial real estate owner occupied — — — — 310,015 310,015 Commercial real estate non-owner occupied — — 103 103 1,144,463 1,144,566 Tax exempt — — — — 43,688 43,688 Commercial and industrial 465 59 330 854 310,029 310,883 Residential real estate 1,520 627 1,999 4,146 936,188 940,334 Home equity 600 — 337 937 86,746 87,683 Consumer other 10 2 — 12 7,820 7,832 Total $ 2,595 $ 688 $ 2,769 $ 6,052 $ 2,992,997 $ 2,999,049 Non-Accrual Loans The following is a summary of non-accrual loans for the periods ended: March 31, 2024 Nonaccrual With No 90+ Days Past (in thousands) Nonaccrual Related Allowance Due and Accruing Commercial construction $ — $ — $ — Commercial real estate owner occupied 95 — — Commercial real estate non-owner occupied 327 201 — Tax exempt — — — Commercial and industrial 1,152 516 — Residential real estate 4,325 726 — Home equity 960 1 — Consumer other 11 1 — Total $ 6,870 $ 1,445 $ — December 31, 2023 Nonaccrual With No 90+ Days Past (in thousands) Nonaccrual Related Allowance Due and Accruing Commercial construction $ — $ — $ — Commercial real estate owner occupied 103 44 — Commercial real estate non-owner occupied 340 224 — Tax exempt — — — Commercial and industrial 363 6 — Residential real estate 3,908 1,131 118 Home equity 809 1 22 Consumer other 5 — — Total $ 5,528 $ 1,406 $ 140 Collateral Dependent Loans Loans that do not share risk characteristics are evaluated on an individual basis. For loans that are individually evaluated and collateral dependent, financial loans where we have determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and we expect repayment of the financial asset to be provided substantially through the operation or sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. The following table presents the amortized cost basis of collateral-dependent loans by loan portfolio segment for the periods ended: March 31, 2024 December 31, 2023 (in thousands) Real Estate Other Real Estate Other Commercial construction $ — $ — $ — $ — Commercial real estate owner occupied 95 — 104 — Commercial real estate non-owner occupied 327 — 340 — Tax exempt — — — — Commercial and industrial 1,019 133 229 134 Residential real estate 4,325 — 3,908 — Home equity 960 — 808 — Consumer other 11 — 5 — Total $ 6,737 $ 133 $ 5,394 $ 134 Loan Modifications to Borrowers Experiencing Financial Difficulty In January 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures” which eliminated the accounting guidance for TDRs while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This guidance was applied on a prospective basis. Upon adoption of this guidance, we are no longer required to establish a specific reserve for modifications to borrowers experiencing financial difficulty. Instead, these modifications are included in their respective category and a historical loss rate is applied to the current loan balance to arrive at the quantitative baseline portion of the ACL. These modifications typically result from loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance, or other actions. The following table presents the amortized cost basis of loans that were both experiencing financial difficulty and modified during the three months ended March 31, 2024, by class and by type of modification. (in thousands) Principal Forgiveness Payment Delay Term Extension Interest Rate Reduction Combination Interest Rate Reduction and Term Extension % of Total Class of Loans Three Months Ended March 31, 2024 Commercial construction $ — $ — $ — $ — $ — — % Commercial real estate owner occupied — — — — — — Commercial real estate non-owner occupied — — — — — — Tax exempt — — — — — — Commercial and industrial — — — — — — Residential real estate — — 33 — — 0.00 Home equity — — — — — — Consumer other — — — — — — Total $ — $ — $ 33 $ — $ — 0.00 % The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended March 31, 2024. (in thousands) Weighted-Average Months of Payment Delay Weighted-Average Months of Term Extension Weighted-Average Interest Rate Reduction Three Months Ended March 31, 2024 Commercial construction — — — % Commercial real estate owner occupied — — — Commercial real estate non-owner occupied — — — Tax exempt — — — Commercial and industrial — — — Residential real estate — 64 — Home equity — — — Consumer other — — — Total — 64 — % There were no qualifying modifications for the three months ended March 31, 2023. Foreclosure There were no residential mortgage loans collateralized by real estate that are in the process of foreclosure as of March 31, 2024. Residential mortgage loans collateralized by real estate that are in the process of foreclosure as of December 31, 2023 totaled $430 thousand. Mortgage Banking Loans held for sale at March 31, 2024 had an unpaid principal balance of $3.1 million and $2.2 million as of December 31, 2023. The interest rate exposure on loans held for sale is mitigated through forward sale commitments with certain approved secondary market investors. Forward sale commitments had a notional amount of $6.0 million at March 31, 2024, and $5.0 million at December 31, 2023. For the three months ended March 31, 2024 and 2023, we sold $8.4 million and $691 thousand, respectively, of residential mortgage loans on the secondary market, which resulted in a net loss on sale of loans (net of costs, including direct and indirect origination costs) of $31 thousand and a gain $8 thousand, respectively. We sell residential loans on the secondary market while primarily retaining the servicing of these loans. Servicing sold loans helps to maintain customer relationships and earn fees over the servicing period. Loans serviced for others are not included in the accompanying consolidated balance sheets. The risks inherent in servicing assets relate primarily to level of prepayments that result from shifts in interest rates. We obtain third-party valuations of our servicing assets portfolio quarterly, and the assumptions are reflected in Fair Value disclosures.

BORROWED FUNDS

BORROWED FUNDS	3 Months Ended
BORROWED FUNDS	Mar. 31, 2024
BORROWED FUNDS
BORROWED FUNDS	NOTE 4. BORROWED FUNDS Borrowed funds at March 31, 2024 and December 31, 2023 are summarized, as follows: March 31, 2024 December 31, 2023 Weighted Weighted (dollars in thousands) Carrying Value Average Rate Carrying Value Average Rate Short-term borrowings Advances from the FHLB $ 196,000 5.44 % $ 232,300 5.46 % Advances from the FRB BTFP 65,000 4.79 30,000 4.90 Other borrowings 8,161 0.14 8,465 0.13 Total short-term borrowings 269,161 3.00 270,765 2.88 Long-term borrowings Advances from the FHLB 276 4.42 279 4.39 Subordinated borrowings 60,501 6.24 60,461 6.22 Total long-term borrowings 60,777 6.23 60,740 6.21 Total $ 329,938 3.34 % $ 331,505 3.24 % Short-term debt includes Federal Home Loan Bank of Boston (“FHLB”) advances with a remaining maturity of less than one year. We also maintain a $1.0 million secured line of credit with the FHLB that bears a daily adjustable rate calculated by the FHLB. There was no outstanding balance on the FHLB line of credit for the periods ended March 31, 2024 and December 31, 2023. There are no variable rate short-term FHLB borrowings. We have the capacity to borrow funds on a secured basis utilizing the Bank Term Funding Program (the “BTFP”), the Borrower in Custody program, and the Discount Window at the Federal Reserve Bank of Boston (the “FRB”). At March 31, 2024, our available secured line of credit at the FRB was $155.9 million versus $156.6 million at December 31, 2023. We have pledged certain loans and securities to the FRB to support this arrangement. The BTFP enables depository institutions to pledge eligible investment securities to the Federal Reserve with borrowing capacity based upon the par value of the collateral. As of March 31, 2024, we maintained a BTFP balance of $65 million at a fixed rate of 4.76% with a maturity date of January 16, 2025. During the first quarter 2024, we prepaid our existing advance of $30 million at a rate of 4.85%, and entered into a new advance for $65 million at a rate of 4.76%. The BTFP was an additional source of liquidity with favorable prepayment terms, as we may prepay at any time without penalty. As announced by the Federal Reserve Board on January 24, 2024, the BTFP has ceased making new loans effective March 11, 2024. We maintain an unused unsecured federal funds line of credit with a correspondent bank that has an aggregate overnight borrowing capacity of $50.0 million as of March 31, 2024 and December 31, 2023. There was no outstanding balance on the line of credit as of March 31, 2024 and December 31, 2023. Long-term FHLB advances consist of advances with a remaining maturity of more than one year. The advances outstanding at March 31, 2024 include no callable advances and amortizing advances of $276 thousand. There were no callable advances outstanding and $279 thousand of amortizing advances at December 31, 2023. All FHLB borrowings, including the line of credit, are secured by a blanket security agreement on certain qualified collateral, principally all residential first mortgage loans and certain securities. There are no variable rate long-term FHLB borrowings. A summary of maturities of FHLB advances as of March 31, 2024 is, as follows: Weighted Average (in thousands, except rates) Amount Rate 2024 $ 196,000 5.44 % Thereafter 276 4.42 Total FHLB advances $ 196,276 5.44 % We executed a Subordinated Note Purchase Agreement with an aggregate of $40.0 million of subordinated notes (the “Notes”) to accredited investors on November 19, 2019. The Notes have a maturity date of December 1, 2029 and bear a fixed interest rate of 4.63% through December 1, 2024 payable semi-annually in arrears. From December 1, 2024 and thereafter the interest rate shall be reset quarterly to an interest rate per annum equal to the then current three-month Secured Overnight Financing Rate (“SOFR”) plus 3.27%. We have the option beginning with the interest payment date of December 1, 2024, and on any scheduled payment date thereafter, to redeem the Notes, in whole or in part upon prior approval of the Federal Reserve. The transaction included debt issuance costs of $119 thousand as of March 31, 2024 and $158 thousand net of amortization as of December 31, 2023, which are netted against the subordinated debt. We also have $20.6 million in floating Junior Subordinated Deferrable Interest Debentures (“Debentures”) issued by NHTB Capital Trust II (“Trust II”) and NHTB Capital Trust III (“Trust III”), which are both Connecticut statutory trusts. The Debentures issued on March 30, 2004 carry a variable interest rate of three-month SOFR plus 2.79%, and mature in 2034. The debt is callable by the Company at the time when any interest payment is made. Trust II and Trust III are considered variable interest entities for which we are not the primary beneficiary. Accordingly, Trust II and Trust III are not consolidated into our financial statements. Repurchase Agreements We can raise additional liquidity by entering into repurchase agreements at our discretion. In a security repurchase agreement transaction, we will generally sell a security, agreeing to repurchase either the same or substantially identical security on a specified later date, at a greater price than the original sales price. The difference between the sale price and purchase price is the cost of the proceeds, which is recorded as interest expense on the consolidated statements of income. The securities underlying the agreements are delivered to counterparties as security for the repurchase obligations. Since the securities are treated as collateral and the agreement does not qualify for a full transfer of effective control, the transactions do not meet the criteria to be classified as sales, and are therefore considered secured borrowing transactions for accounting purposes. Payments on such borrowings are interest only until the scheduled repurchase date. In a repurchase agreement, we are subject to the risk that the purchaser may default at maturity and not return the securities underlying the agreements. In order to minimize this potential risk, we either deal with established firms when entering into these transactions or with customers whose agreements stipulate that the securities underlying the agreement are not delivered to the customer and instead are held in segregated safekeeping accounts by our safekeeping agents. (in thousands) March 31, 2024 December 31, 2023 Customer Repurchase Agreements US Government-sponsored enterprises $ 8,161 $ 8,465 Total $ 8,161 $ 8,465

DEPOSITS

DEPOSITS	3 Months Ended
DEPOSITS	Mar. 31, 2024
DEPOSITS.
DEPOSITS	NOTE 5. DEPOSITS A summary of time deposits is, as follows: (in thousands) March 31, 2024 December 31, 2023 Time less than $100,000 $ 445,450 $ 381,902 Time $100,000 through $250,000 173,118 163,933 Time $250,000 or more 158,640 154,425 Total $ 777,208 $ 700,260 At March 31, 2024 and December 31, 2023, the scheduled maturities by year for time deposits are, as follows: (in thousands) March 31, 2024 December 31, 2023 Within 1 year $ 750,747 $ 670,961 Over 1 year to 2 years 15,827 17,000 Over 2 years to 3 years 5,830 6,932 Over 3 years to 4 years 3,377 3,434 Over 4 years to 5 years 1,299 1,795 Over 5 years 128 138 Total $ 777,208 $ 700,260 Included in time deposits are brokered deposits of $275.0 million and $219.6 million at March 31, 2024 and December 31, 2023, respectively. Also included in time deposits are reciprocal deposits of $49.3 million and $43.3 million at March 31, 2024 and December 31, 2023, respectively.

CAPITAL RATIOS AND SHAREHOLDERS

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY	3 Months Ended
CAPITAL RATIOS AND SHAREHOLDERS' EQUITY	Mar. 31, 2024
CAPITAL RATIOS AND SHAREHOLDERS' EQUITY
CAPITAL RATIOS AND SHAREHOLDERS' EQUITY	NOTE 6. CAPITAL RATIOS AND SHAREHOLDERS’ EQUITY The actual and required capital ratios are, as follows: March 31, 2024 Minimum Regulatory Actual Capital Requirements (in thousands, except ratios) Amount Ratio Amount Ratio Company (consolidated) Total capital to risk-weighted assets $ 456,781 14.36 % $ 254,393 8.00 % Common equity tier 1 capital to risk-weighted assets 364,168 11.45 143,097 4.50 Tier 1 capital to risk-weighted assets 384,788 12.10 190,795 6.00 Tier 1 capital to average assets (leverage ratio) 384,788 9.92 155,105 4.00 Bank Total capital to risk-weighted assets $ 447,860 14.10 % $ 254,134 8.00 % Common equity tier 1 capital to risk-weighted assets 415,867 13.09 142,950 4.50 Tier 1 capital to risk-weighted assets 415,867 13.09 190,600 6.00 Tier 1 capital to average assets (leverage ratio) 415,867 10.73 154,978 4.00 December 31, 2023 Minimum Regulatory Actual Capital Requirements (in thousands, except ratios) Amount Ratio Amount Ratio Company (consolidated) Total capital to risk-weighted assets $ 450,160 14.24 % $ 252,888 8.00 % Common equity tier 1 capital to risk-weighted assets 357,574 11.31 142,249 4.50 Tier 1 capital to risk-weighted assets 378,194 11.96 189,666 6.00 Tier 1 capital to average assets (leverage ratio) 378,194 9.70 156,022 4.00 Bank Total capital to risk-weighted assets $ 441,278 13.97 % $ 252,642 8.00 % Common equity tier 1 capital to risk-weighted assets 409,312 12.96 142,111 4.50 Tier 1 capital to risk-weighted assets 409,312 12.96 189,482 6.00 Tier 1 capital to average assets (leverage ratio) 409,312 10.50 155,908 4.00 In order to be classified as “well-capitalized” under the relevant regulatory framework, (i) the Company must, on a consolidated basis, maintain a total risk-based capital ratio of 10.00% or greater and a Tier 1 risk-based capital ratio of 6.00% or greater; and (ii) the Bank must maintain a total risk-based capital ratio of 10.00% or greater, a Tier 1 risk-based capital ratio of 8.00% or greater, a common equity Tier 1 capital ratio of 6.50% or greater, and a leverage ratio of 5.00% or greater. At each date shown in the tables above, the Company and the Bank met the conditions to be classified as “well-capitalized” under the relevant regulatory framework. Accumulated other comprehensive (loss) income Components of accumulated other comprehensive loss is, as follows: (in thousands) March 31, 2024 December 31, 2023 Accumulated other comprehensive loss, before tax: Net unrealized loss on AFS securities $ (64,948) $ (62,351) Net unrealized loss on hedging derivatives (2,259) (1,322) Net unrealized loss on post-retirement plans (1,518) (1,540) Income taxes related to items of accumulated other comprehensive loss: Net unrealized loss on AFS securities 15,315 14,702 Net unrealized loss on hedging derivatives 533 312 Net unrealized loss on post-retirement plans 309 337 Accumulated other comprehensive loss $ (52,568) $ (49,862) The following table presents the components of other comprehensive income (loss) for the three months ended March 31, 2024 and 2023: (in thousands) Before Tax Tax Effect Net of Tax Three Months Ended March 31, 2024 Net unrealized loss on AFS securities: Net unrealized loss arising during the period $ (2,597) $ 613 $ (1,984) Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on AFS securities (2,597) 613 (1,984) Net unrealized loss on hedging derivatives: Net unrealized loss arising during the period (937) 221 (716) Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on cash flow hedging derivatives (937) 221 (716) Net unrealized loss on post-retirement plans: Net unrealized loss arising during the period 22 (28) (6) Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on post-retirement plans 22 (28) (6) Other comprehensive loss $ (3,512) $ 806 $ (2,706) Three Months Ended March 31, 2023 Net unrealized loss on AFS securities: Net unrealized loss arising during the period $ 6,040 $ (1,414) $ 4,626 Less: reclassification adjustment for gains (losses) realized in net income 34 (8) 26 Net unrealized loss on AFS securities 6,006 (1,406) 4,600 Net unrealized loss on hedging derivatives: Net unrealized loss arising during the period 767 (178) 589 Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on cash flow hedging derivatives 767 (178) 589 Net unrealized loss on post-retirement plans: Net unrealized loss arising during the period — — — Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on post-retirement plans — — — Other comprehensive income $ 6,773 $ (1,584) $ 5,189 The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax impacts, for the three months ended March 31, 2024 and 2023: Net unrealized Net gain (loss) on Net unrealized gain (loss) effective cash loss on AFS flow hedging on pension (in thousands) Securities derivatives plans Total Three Months Ended March 31, 2024 Balance at beginning of period $ (47,649) $ (1,010) $ (1,203) $ (49,862) Other comprehensive gain before reclassifications (1,984) (716) (6) (2,706) Less: amounts reclassified from accumulated other comprehensive income — — — — Total other comprehensive income (1,984) (716) (6) (2,706) Balance at end of period $ (49,633) $ (1,726) $ (1,209) $ (52,568) Three Months Ended March 31, 2023 Balance at beginning of period $ (55,246) $ (1,794) $ (1,300) $ (58,340) Other comprehensive loss before reclassifications 4,626 589 — 5,215 Less: amounts reclassified from accumulated other comprehensive income 26 — — 26 Total other comprehensive loss 4,600 589 — 5,189 Balance at end of period $ (50,646) $ (1,205) $ (1,300) $ (53,151) The following tables presents the amounts reclassified out of each component of accumulated other comprehensive income for three months ended March 31, 2024 and 2023: Three Months Ended March 31, Affected Line Item where (in thousands) 2024 2023 Net Income is Presented Net realized gains on AFS securities: Before tax $ — $ 34 Non-interest income Tax effect — (8) Tax expense Total reclassifications for the period $ — $ 26

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2024
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 7. EARNINGS PER SHARE The following table presents the calculation of earnings per share: Three Months Ended March 31, (in thousands, except per share and share data) 2024 2023 Net income $ 10,095 $ 13,012 Average number of basic common shares outstanding 15,198,337 15,109,847 Plus: dilutive effect of stock options and awards outstanding 71,496 80,242 Average number of diluted common shares outstanding (1) 15,269,833 15,190,089 Earnings per share: Basic $ 0.66 $ 0.86 Diluted 0.66 0.86 (1) Average diluted shares outstanding are computed using the treasury stock method.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	Mar. 31, 2024
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	NOTE 8. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES We use derivative instruments to minimize fluctuations in earnings and cash flows caused by interest rate volatility. Our interest rate risk management strategy involves modifying the re-pricing characteristics of certain assets or liabilities so the changes in interest rates do not have a significant effect on net interest income. Thus, all of our derivative contracts are considered to be interest rate contracts. We recognize our derivative instruments on the consolidated balance sheet at fair value. On the date the derivative instrument is entered into, we designate whether the derivative is part of a hedging relationship (i.e., cash flow or fair value hedge). We formally document relationships between hedging instruments and hedged items, as well as our risk management objective and strategy for undertaking hedge transactions. We also assess, both at the hedge’s inception and on an ongoing basis, whether the derivatives used in hedging transactions are highly effective in offsetting the changes in cash flows or fair values of hedged items. Changes in fair value of derivative instruments that are highly effective and qualify as cash flow hedges are recorded in other comprehensive income or loss. We offer derivative products in the form of interest rate swaps, to commercial loan customers to facilitate their risk management strategies. These instruments are executed through Master Netting Arrangements (“MNAs”) with financial institution counterparties or Risk Participation Agreements (“RPAs”) with commercial bank counterparties, for which we assume a pro rata share of the credit exposure associated with a borrower's performance related to the derivative contract with the counterparty. The following tables present information about derivative assets and liabilities at March 31, 2024 and December 31, 2023: March 31, 2024 Weighted Notional Average Fair Value Location Fair Amount Maturity Asset (Liability) Value Asset (in thousands) (in years) (in thousands) (Liability) Cash flow hedges: Interest rate swap on wholesale funding $ 75,000 0.8 $ 2,361 Other assets Interest rate swap on variable rate loans 50,000 2.0 (3,604) Other liabilities Total cash flow hedges 125,000 (1,243) Fair value hedges: Interest rate swap on securities 37,190 5.3 4,407 Other assets Total fair value hedges 37,190 4,407 Economic hedges: Forward sale commitments 6,000 0.1 (16) Other liabilities Customer Loan Swaps-MNA Counterparty 177,994 4.9 (17,037) Other liabilities Customer Loan Swaps-RPA Counterparty 142,199 4.7 — Other liabilities Customer Loan Swaps-Customer 320,193 4.8 17,037 Other assets Total economic hedges 646,386 (16) Non-hedging derivatives: Interest rate lock commitments 3,397 0.4 56 Other assets Total non-hedging derivatives 3,397 56 Total $ 811,973 $ 3,204 December 31, 2023 Weighted Notional Average Fair Value Location Fair Amount Maturity Asset (Liability) Value Asset (in thousands) (in years) (in thousands) (Liability) Cash flow hedges: Interest rate swap on wholesale funding $ 75,000 1.0 $ 2,803 Other assets Interest rate swap on variable rate loans 50,000 2.2 (3,459) Other liabilities Total cash flow hedges 125,000 (656) Fair value hedges: Interest rate swap on securities 37,190 5.6 3,844 Other assets Total fair value hedges 37,190 3,844 Economic hedges: Forward sale commitments 5,000 — (20) Other assets Customer Loan Swaps-MNA Counterparty 184,826 5.0 (14,842) Other liabilities Customer Loan Swaps-RPA Counterparty 142,199 4.9 (286) Other liabilities Customer Loan Swaps-Customer 327,025 4.9 15,128 Other assets Total economic hedges 659,050 (20) Non-hedging derivatives: Interest rate lock commitments 3,153 0.1 63 Other assets Total non-hedging derivatives 3,153 63 Total $ 824,393 $ 3,231 As of March 31, 2024 and December 31, 2023, the following amounts were recorded on the consolidated balance sheet related to cumulative basis adjustments for fair value hedges: Cumulative Amount of Fair Location of Hedged Item on Carrying Amount of Hedged Value Hedging Adjustment in Balance Sheet Assets Carrying Amount March 31, 2024 Interest rate swap on securities Securities available for sale $ 31,767 $ (5,423) December 31, 2023 Interest rate swap on securities Securities available for sale $ 32,680 $ (4,510) Information about derivative assets and liabilities for the three months ended March 31, 2024 and 2023, follows: Three Months Ended March 31, 2024 Amount of Amount of Gain (Loss) Gain (Loss) Recognized in Reclassified Location of Amount of Other Location of Gain (Loss) from Other Gain (Loss) Gain (Loss) Comprehensive Reclassified from Other Comprehensive Recognized in Recognized (in thousands) Income Comprehensive Income Income Income in Income Cash flow hedges: Interest rate swap on wholesale funding $ (338) Interest expense $ — Interest expense $ 827 Interest rate swap on variable rate loans (111) Interest income — Interest income (585) Total cash flow hedges (449) — 242 Fair value hedges: Interest rate swap on securities (268) Interest income — Interest income 370 Total fair value hedges (268) — 370 Economic hedges: Forward commitments — Other income — Mortgage banking income 4 Total economic hedges — — 4 Non-hedging derivatives: Interest rate lock commitments — Other expense — Mortgage banking income (7) Total non-hedging derivatives — — (7) Total $ (717) $ — $ 609 Three Months Ended March 31, 2023 Amount of Amount of Gain (Loss) Gain (Loss) Recognized in Reclassified Location of Amount of Other Location of Gain (Loss) from Other Gain (Loss) Gain (Loss) Comprehensive Reclassified from Other Comprehensive Recognized in Recognized (in thousands) Income Comprehensive Income Income Income in Income Cash flow hedges: Interest rate swap on wholesale funding $ (610) Interest expense $ — Interest expense $ 664 Interest rate swap on variable rate loans 592 Interest income — Interest income (466) Total cash flow hedges (18) — 198 Fair value hedges: Interest rate swap on securities 607 Interest income — Interest income 286 Total economic hedges 607 — 286 Economic hedges: Forward commitments — Other income — Mortgage banking income — Total economic hedges — — — Non-hedging derivatives: Interest rate lock commitments — Other expense — Mortgage banking income 8 Total non-hedging derivatives — — 8 Total $ 589 $ — $ 492 The effect of cash flow hedging and fair value accounting on the consolidated statements of income for the three months ended March 31, 2024 and 2023: Three Months Ended March 31, 2024 Interest and Dividend Income Interest Expense (in thousands) Loans Securities and other Deposits Borrowings Non-interest Income Income and expense line items presented in the consolidated statements of income $ 39,470 $ 6,353 $ 14,532 $ 3,236 $ 8,586 The effects of cash flow and fair value hedging: Gain (loss) on cash flow hedges: Interest rate swap on wholesale funding — — — 827 — Interest rate swap on variable rate loans (585) — — — — Gain (loss) on fair value hedges: Interest rate swap on securities — 370 — — — Three Months Ended March 31, 2023 Interest and Dividend Income Interest Expense (in thousands) Loans Securities and other Deposits Borrowings Non-interest Income Income and expense line items presented in the consolidated statements of income $ 34,560 $ 5,791 $ 5,265 $ 4,180 $ 9,184 The effects of cash flow and fair value hedging: Gain (loss) on cash flow hedges: Interest rate swap on wholesale funding — — — 664 — Interest rate swap on variable rate loans (466) — — — — Gain (loss) on fair value hedges: Interest rate swap on securities — 286 — — — The effect of derivatives not designated as hedging instruments on the consolidated statements of income for the three months ended March 31, 2024 and 2023: Location of Gain (Loss) Recognized Three Months Ended March 31, (In thousands) in Non-interest Income 2024 2023 Derivatives not designated as hedging instruments Economic hedges: Forward commitments Mortgage banking income $ 4 $ - Non-hedging derivatives: Interest rate lock commitments Mortgage banking income (7) 8 Cash flow hedges Interest rate swaps on wholesale funding As of March 31, 2024, we have two interest rate swaps on wholesale borrowings to limit our exposure to rising interest rates over a five-year term on 3-month FHLB borrowings or brokered certificates, or a combination thereof at each maturity date. The first of the two agreements was entered into in November 2019 with a $50.0 million notional amount and pays a fixed interest rate of 1.53%. A second agreement was entered into in April 2020 with a $25.0 million notional amount and pays a fixed rate of 0.59%. The financial institution counterparty pays us interest on the daily SOFR rate plus 26 basis points. We designated the swaps as cash flow hedges. Interest rate swap on variable rate loans We have an interest rate swap that effectively fixes our interest rate on $50 million at the daily SOFR rate plus 11 basis points of based loan assets at 0.806% plus the credit spread on the loans that reprices on weighted average basis. The instrument is specifically designed to hedge the risk of changes in its cash flows from interest receipts attributable to changes in a contractually specified interest rate, on an amount of our variable rate loan assets equal to $50 million. We designated the swap as a cash flow hedge. Fair value hedges Interest rate swap on securities For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting loss or gain on the hedged asset or liability attributable to the hedged risk are recognized in current earnings. We utilize interest rate swaps designated as fair value hedges to mitigate the effect of changing interest rates on the fair values of fixed rate callable securities available-for-sale. The hedging strategy on securities converts the fixed interest rates to SOFR based variable interest rates. These derivatives are designated as partial term hedges of selected cash flows covering specified periods of time prior to the call dates of the hedged securities. During 2019, we entered into eight swap transactions with a notional amount of $37.2 million designated as fair value hedges. These derivatives are intended to protect against the effects of changing interest rates on the fair values of fixed rate securities. The fixed rates on the transactions have a weighted average of 1.70%. Economic hedges Forward sale commitments We utilize forward sale commitments on residential mortgage loans to hedge interest rate risk and the associated effects on the fair value of interest rate lock commitments and loans originated for sale. The forward sale commitments are accounted for as derivatives. We typically use a combination of best efforts and mandatory delivery contracts. The contracts are loan sale agreements where we commit to deliver a certain principal amount of mortgage loans to an investor at a specified price on or before a specified date. Generally, we enter into contracts just prior to the loan closing with a customer. Customer loan derivatives We enter into customer loan derivatives to facilitate the risk management strategies for commercial banking customers. We mitigate this risk by entering into equal and offsetting loan swap agreements with highly rated third-party financial institutions. The loan swap agreements are free standing derivatives and are recorded at fair value in our consolidated balance sheet. We are party to MNAs with our financial institutional counterparties; however, we do not offset assets and liabilities under these arrangements for financial statement presentation purposes. The MNAs provide for a single net settlement of all loan swap agreements, as well as collateral or cash funds, in the event of default on, or termination of, any one contract. Collateral is provided by cash or securities received or posted by the counterparty with net liability positions, respectively, in accordance with contract thresholds. The below tables describe the potential effect of master netting arrangements on the consolidated balance sheet and the financial collateral pledged for these arrangements: Gross Amounts Offset in the Consolidated Balance Sheet Derivative Cash Collateral (in thousands) Liabilities Derivative Assets Pledged Net Amount As of March 31, 2024 Customer Loan Derivatives: MNA counterparty $ (17,037) $ 17,037 $ — $ — RPA counterparty — — — — Total $ (17,037) $ 17,037 $ — $ — Gross Amounts Offset in the Consolidated Balance Sheet Derivative Cash Collateral (in thousands) Liabilities Derivative Assets Pledged Net Amount As of December 31, 2023 Customer Loan Derivatives: MNA counterparty $ (14,842) $ 14,842 $ — $ — RPA counterparty (286) 286 — — Total $ (15,128) $ 15,128 $ — $ — Non-hedging derivatives Interest rate lock commitments We enter into interest rate lock commitments (“IRLCs”) for residential mortgage loans, which commit us to lend funds to a potential borrower at a specific interest rate and within a specified period of time. IRLCs relate to the origination of residential mortgage loans that are held for sale and are considered derivative financial instruments under applicable accounting guidance. Outstanding IRLCs expose us to the risk that the price of the mortgage loans underlying the commitments may decline due to increases in mortgage interest rates from inception of the rate lock to the funding of the loan. The IRLCs are free standing derivatives, which are carried at fair value with changes recorded in non-interest income in our Consolidated Statements of Income. Changes in the fair value of IRLCs subsequent to inception are based on (i) changes in the fair value of the underlying loan resulting from the fulfillment of the commitment and (ii) changes in the probability when the loan will fund within the terms of the commitment, which is affected primarily by changes in interest rates and the passage of time.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2024
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 9. FAIR VALUE MEASUREMENTS Recurring Fair Value Measurements The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2024 Level 1 Level 2 Level 3 Total (in thousands) Inputs Inputs Inputs Fair Value Available for sale securities: Obligations of US Government-sponsored enterprises $ — $ 1,687 $ — $ 1,687 Mortgage-backed securities: US Government-sponsored enterprises — 185,824 — 185,824 US Government agency — 76,182 — 76,182 Private label — 59,032 — 59,032 Obligations of states and political subdivisions thereof — 108,106 — 108,106 Corporate bonds — 96,772 — 96,772 Loans held for sale — 3,137 — 3,137 Derivative assets — 23,805 56 23,861 Derivative liabilities — (20,641) (16) (20,657) December 31, 2023 Level 1 Level 2 Level 3 Total (in thousands) Inputs Inputs Inputs Fair Value Available for sale securities: Obligations of US Government-sponsored enterprises $ — $ 1,992 $ — $ 1,992 Mortgage-backed securities: US Government-sponsored enterprises — 193,282 — 193,282 US Government agency — 74,213 — 74,213 Private label — 59,051 — 59,051 Obligations of states and political subdivisions thereof — 110,168 — 110,168 Corporate bonds — 95,868 — 95,868 Loans held for sale — 2,189 — 2,189 Derivative assets — 21,775 63 21,838 Derivative liabilities — (18,587) (20) (18,607) Securities Available for Sale: Loans Held for Sale: Derivative Assets and Liabilities Cash Flow Hedges. Interest Rate Lock Commitments. Forward Sale Commitments . Customer Loan Derivatives. Although we have determined that the majority of the inputs used to value customer loan derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and counterparties. However, as of March 31, 2024, we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, we determined that the derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. The table below presents the changes in Level 3 assets and liabilities that were measured at fair value on a recurring basis for the three months ended March 31, 2024 and 2023: Assets (Liabilities) Interest Rate Lock Forward (in thousands) Commitments Commitments Three Months Ended March 31, 2024 Balance at beginning of period $ 63 $ (20) Realized gain recognized in non-interest income (7) 4 Balance at end of period $ 56 $ (16) Three Months Ended March 31, 2023 Balance at beginning of period $ — $ — Realized loss recognized in non-interest income 8 — Balance at end of period $ 8 $ — Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities is, as follows: Fair Value (in thousands, March 31, Valuation Unobservable Unobservable except ratios) 2024 Techniques Inputs Input Value Assets (Liabilities) Interest Rate Lock Commitment $ 56 Pull-through Rate Analysis Closing Ratio 95 % Pricing Model Origination Costs, per loan $ 1.7 Discount Cash Flows Mortgage Servicing Asset 1.0 % Forward Commitments (16) Quoted prices for similar loans in active markets Freddie Mac pricing system $99.3 to $102.8 Total $ 40 Fair Value Significant December 31, Valuation Unobservable Unobservable (in thousands, except ratios) 2023 Techniques Inputs Input Value Assets (Liabilities) Interest Rate Lock Commitment $ 63 Pull-through Rate Analysis Closing Ratio 95 % Pricing Model Origination Costs, per loan $ 1.7 Discount Cash Flows Mortgage Servicing Asset 1.0 % Forward Commitments (20) Quoted prices for similar loans in active markets Freddie Mac pricing system $100.9 to $103.3 Total $ 43 Non-Recurring Fair Value Measurements We are required, on a non-recurring basis, to adjust the carrying value or provide valuation allowances for certain assets using fair value measurements in accordance with GAAP. The following is a summary of applicable non-recurring fair value measurements: Fair Value Measurement Date as of Mar 31, 2024 Dec 31, 2023 March 31, 2024 March 31, 2024 Level 3 Level 3 Total Level 3 (in thousands) Inputs Inputs Gains (Losses) Inputs Assets Individually evaluated loans $ 2,911 $ 3,500 $ (589) March 2024 Capitalized servicing rights 6,991 6,764 227 March 2024 Premises held for sale 1,154 1,154 — March 2024 Total $ 11,056 $ 11,418 $ (362) There are no liabilities measured at fair value on a non-recurring basis in 2024 and 2023. Quantitative information about the significant unobservable inputs within Level 3 non-recurring assets is, as follows: (in thousands, except ratios) Fair Value March 31, 2024 Valuation Techniques Unobservable Inputs Range (Weighted Average) (a) Assets Individually evaluated loans $ 2,254 Fair value of collateral-appraised value Loss severity 0% to 40% Appraised value $215 to $916 Individually evaluated loans 657 Discount cash flow Discount rate 3.25% to 4.99% Cash flows $320 to $513 Capitalized servicing rights 6,991 Discounted cash flow Constant prepayment rate 6.87% Discount rate 10.06% Premises held for sale 1,154 Fair value of asset less selling costs Appraised value $1,223 Selling Costs 6% Total $ 11,056 (a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individual properties. (in thousands, except ratios) Fair Value December 31, 2023 Valuation Techniques Unobservable Inputs Range (Weighted Average) (a) Assets Individually evaluated loans $ 2,437 Fair value of collateral-appraised value Loss severity 10% to 43% Appraised value $80 to $965 Individually evaluated loans 1,063 Discount cash flow Discount rate 3.25% to 7.13% Cash flows $2 to $520 Capitalized servicing rights 6,764 Discounted cash flow Constant prepayment rate 7.20% Discount rate 10.06% Premises held for sale 1,154 Fair value of asset less selling costs Appraised value $1,223 Selling Costs 6% Total $ 11,418 (a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individual properties. There were no Level 1 or Level 2 non-recurring fair value measurements for the periods ended March 31, 2024 and December 31, 2023. Individually evaluated loans. Capitalized loan servicing rights . Other real estate owned (“OREO”). Premises held for sale. Summary of Estimated Fair Values of Financial Instruments The estimated fair values, and related carrying amounts, of our financial instruments are included in the table below. Certain financial instruments and all non-financial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company. March 31, 2024 Carrying Fair (in thousands) Amount Value Level 1 Level 2 Level 3 Financial Assets Cash and cash equivalents $ 76,219 $ 76,219 $ 76,219 $ — $ — Securities available for sale 527,603 527,603 — 527,603 — FHLB stock 9,960 9,960 — 9,960 — Loans held for sale 3,137 3,137 — 3,137 — Net loans 2,983,317 2,844,033 — — 2,844,033 Accrued interest receivable 5,317 5,317 — 5,317 — Cash surrender value of bank-owned life insurance policies 80,642 80,642 — 80,642 — Derivative assets 23,861 23,861 — 23,805 56 Financial Liabilities Non-maturity deposits $ 2,349,868 $ 2,177,428 $ — $ 2,177,428 $ — Time deposits 777,208 769,302 — 769,302 — Securities sold under agreements to repurchase 8,161 8,161 — 8,161 — FRB advances 65,000 65,000 — 65,000 — FHLB advances 196,276 196,159 — 196,159 — Subordinated borrowings 60,501 67,691 — 67,691 — Derivative liabilities 20,657 20,657 — 20,641 16 December 31, 2023 Carrying Fair (in thousands) Amount Value Level 1 Level 2 Level 3 Financial Assets Cash and cash equivalents $ 94,842 $ 94,842 $ 94,842 $ — $ — Securities available for sale 534,574 534,574 — 534,574 — FHLB stock 14,834 14,834 — 14,834 — Loans held for sale 2,189 2,189 — 2,189 — Net loans 2,970,907 2,832,173 — — 2,832,173 Accrued interest receivable 4,921 4,921 — 4,921 — Cash surrender value of bank-owned life insurance policies 80,037 80,037 — 80,037 — Derivative assets 21,838 21,838 — 21,775 63 Financial Liabilities Non-maturity deposits $ 2,482,012 $ 2,325,307 $ — $ 2,325,307 $ — Time deposits 658,482 651,855 — 651,855 — Securities sold under agreements to repurchase 8,465 8,465 — 8,465 — FRB advances 30,000 30,000 — 30,000 — FHLB advances 232,579 232,375 — 232,375 — Subordinated borrowings 60,422 67,635 — 67,635 — Derivative liabilities 15,607 15,607 — 15,587 20

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Mar. 31, 2024
REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 10. REVENUE FROM CONTRACTS WITH CUSTOMERS We account for our various non-interest revenue streams and related contracts in accordance with “Revenue from Contracts with Customers” (“ASC 606”). ASC 606 is based on the consideration specified in the contract with a customer and excludes amounts collected on behalf of third parties. Revenue is recognized when we satisfy our performance obligation, which is generally when services are rendered and can be either satisfied at a point in time or over time. We recognize revenue at a point in time that is transactional in nature. We recognize revenue over time that is earned as services are performed and performance obligations are satisfied over time. A substantial portion of our revenue is specifically excluded from the scope of ASC 606. This exclusion is associated with financial instruments, including interest income on loans and investment securities, in addition to loan derivative income and gains on loan and investment sales. Disaggregation of Revenue The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606: Three Months Ended March 31, (in thousands) 2024 2023 Non-interest income within the scope of ASC 606: Trust management fees $ 3,243 $ 3,091 Financial services fees 427 464 Interchange fees 1,970 2,010 Customer deposit fees 1,502 1,429 Other customer service fees 238 238 Total non-interest income within the scope of ASC 606 7,380 7,232 Total non-interest income not within the scope of ASC 606 1,206 1,952 Total non-interest income $ 8,586 $ 9,184 Three Months Ended March 31, (in thousands) 2024 2023 Timing of Revenue Recognition Products and services transferred at a point in time $ 3,926 $ 3,950 Products and services transferred over time 3,454 3,282 Total $ 7,380 $ 7,232 Trust Management Fees The trust management business generates revenue through a range of fiduciary services including trust and estate administration, financial advice, and investment management to individuals, businesses, not-for-profit organizations, and municipalities. These fees are primarily earned over time as we charge our customers on a monthly or quarterly basis in accordance with investment advisory agreements. Fees are generally assessed based on a tiered scale of the market value of assets under management at month end. Certain fees, such as bill paying fees, distribution fees, real estate sale fees, and supplemental tax service fees, are recorded as revenue at a point in time upon the completion of the service. Financial Services Fees Bar Harbor Financial Services is a branch office of Osaic Institutions, Inc., (“Osaic”) a full-service third-party broker-dealer, conducting business under the assumed business name “Bar Harbor Financial Services.” Osaic is an independent registered broker-dealer and is not affiliated with the Company or its subsidiaries. Osaic Interchange Fees We earn interchange fees from transaction fees that merchants pay whenever a customer uses a debit card to make a purchase from their store. The fees are paid to the card-issuing bank to cover handling costs, fraud, bad debt costs and the risk involved in approving the payment. Interchange fees are generally recognized as revenue at a point in time upon the completion of a debit card transaction. Customer Deposit Fees The Customer Deposit business offers a variety of deposit accounts with a range of interest rates, fee schedules and other terms, which are designed to meet the customer's financial needs. Additional depositor-related services provided to customers include ATM, bank-by-phone, internet banking, internet bill pay, mobile banking, and other cash management services, which include remote deposit capture, ACH origination, and wire transfers. These customer deposit fees are generally recognized at a point in time upon the completion of the service. Other Customer Service Fees We have certain incentive and referral fee arrangements with independent third parties in which fees are earned for new account activity, product sales, or transaction volume generated for the respective third parties. We also earn a percentage of the fees generated from third-party credit card plans promoted through the Bank. Revenue from these incentive and referral fee arrangements are recognized over time using the right to invoice measure of progress. Contract Balances from Contracts with Customers The following table provides information about contract assets or receivables and contract liabilities or deferred revenues from contracts with customers: (in thousands) March 31, 2024 December 31, 2023 Balances from contracts with customers only: Other Assets $ 1,107 $ 1,178 Other Liabilities 1,720 1,769 The timing of revenue recognition, billings and cash collections results in contract assets or receivables and contract liabilities or deferred revenue on the consolidated balance sheets. For most customer contracts, fees are deducted directly from customer accounts and, therefore, there is no associated impact on the accounts receivable balance. For certain types of service contracts, we have an unconditional right to consideration under the service contract and an accounts receivable balance is recorded for services completed. When consideration is received, or such consideration is unconditionally due, from a customer prior to transferring goods or services to the customer under the terms of a contract, a contract liability is recorded. Contract liabilities are recognized as revenue after control of the products or services is transferred to the customer and all revenue recognition criteria have been met. Costs to Obtain and Fulfill a Contract We currently expense contract costs for processing and administrative fees for debit card transactions. We also expense custody fees and transactional costs associated with securities transactions as well as third-party tax preparation fees. We have elected the practical expedient in ASC 340-40-25-4, whereby we recognize the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets we otherwise would have recognized is one year or less.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
BASIS OF PRESENTATION (Policies)	Mar. 31, 2024
BASIS OF PRESENTATION
Reclassifications	Reclassifications:
Goodwill assessment	Goodwill assessment: Goodwill represents the excess of the purchase price over the fair value of net assets acquired in accordance with the purchase method of accounting for business combinations. Goodwill is not amortized but, instead, is subject to impairment tests on at least an annual basis, or more frequently, if an event occurs or circumstances change that reduce the fair value of a reporting unit below its carrying amount. The impairment testing process is conducted by assigning assets and goodwill to each reporting unit. Currently, our goodwill is evaluated at the entity level as there is only one reporting unit. Management, at our discretion, assesses certain qualitative factors to determine if it is more likely than not that the fair value of the reporting unit is less than its carrying value. An impairment charge is recognized if the carrying fair value of goodwill exceeds the implied fair value of goodwill. In the fourth quarter 2023, management completed its annual goodwill impairment testing using balance sheet and market data as of September 30, 2023. The analysis was performed at the consolidated Bank-level of the Company, which is considered the smallest reporting unit carrying goodwill. Based on an analysis performed, the Company's estimated fair value to a market participant as of September 30, 2023, exceeded its carrying amount resulting in no impairment charge for the period. Management evaluated current conditions and concluded there have been no significant changes in the economic environment or future projections and therefore, believes that there has been no further decline in the Company's fair value as of September 30, 2023. Management will continue to evaluate the economic conditions at future reporting periods for applicable changes.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following table provides a brief description of recent accounting standards updates (“ASU”) that could have a material impact to the Company’s consolidated financial statements upon adoption: Standard Description Required Date of Adoption Effect on financial statements Standards Adopted in 2023 ASU 2022-02 Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings ("TDRs") and Vintage Disclosures The amendments in this update eliminate TDR recognition and measurement guidance and, instead, require that an entity evaluate (consistent with the accounting for other loan modifications) whether the modification represents a new loan or a continuation of an existing loan. The amendments enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. January 1, 2023 The adoption of this ASU did not have a material impact on our consolidated financial statements. ASU 2023-02 Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The amendments in this update permit reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. December 15, 2023, including interim periods within the fiscal year The adoption of this ASU did not have a material impact on our consolidated financial statements. Standards Not Yet Adopted ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures The amendments in this update require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income [or loss] by the applicable statutory income tax rate). We do not expect adoption of this ASU to have a material impact on our consolidated financial statements.

SECURITIES AVAILABLE FOR SALE (

SECURITIES AVAILABLE FOR SALE (Tables)	3 Months Ended
SECURITIES AVAILABLE FOR SALE (Tables)	Mar. 31, 2024
SECURITIES AVAILABLE FOR SALE
Summary of Securities Available for Sale	Gross Gross Unrealized Unrealized (in thousands) Amortized Cost Gains Losses Fair Value March 31, 2024 Debt securities: Obligations of US Government-sponsored enterprises $ 1,718 $ — $ (31) $ 1,687 Mortgage-backed securities and collateralized mortgage obligations: US Government-sponsored enterprises 218,631 4 (32,811) 185,824 US Government agency 87,527 79 (11,424) 76,182 Private label 60,520 18 (1,506) 59,032 Obligations of states and political subdivisions thereof 118,605 5,425 (15,924) 108,106 Corporate bonds 105,550 1 (8,779) 96,772 Total securities available for sale $ 592,551 $ 5,527 $ (70,475) $ 527,603 Gross Gross Unrealized Unrealized (in thousands) Amortized Cost Gains Losses Fair Value December 31, 2023 Debt securities: Obligations of US Government-sponsored enterprises $ 2,021 $ — $ (29) $ 1,992 Mortgage-backed securities and collateralized mortgage obligations: US Government-sponsored enterprises 223,602 12 (30,332) 193,282 US Government agency 85,005 145 (10,937) 74,213 Private label 60,888 18 (1,855) 59,051 Obligations of states and political subdivisions thereof 119,857 4,515 (14,204) 110,168 Corporate bonds 105,552 19 (9,703) 95,868 Total securities available for sale $ 596,925 $ 4,709 $ (67,060) $ 534,574
Schedule of Amortized Cost and Estimated Fair Value of Available for Sale (AFS) Securities, Segregated by Contractual Maturity	Available for sale (in thousands) Amortized Cost Fair Value Within 1 year $ 4,024 $ 4,024 Over 1 year to 5 years 52,916 49,626 Over 5 years to 10 years 42,276 43,158 Over 10 years 126,657 109,757 Total bonds and obligations 225,873 206,565 Mortgage-backed securities and collateralized mortgage obligations 366,678 321,038 Total securities available for sale $ 592,551 $ 527,603
Schedule of Gains and Losses from Sale of AFS Securities	Three Months Ended March 31, (in thousands) 2024 2023 Gross gains on sales of available for sale securities $ — $ 34 Gross losses on sales of available for sale securities — — Net gains on sale of available for sale securities $ — $ 34
Schedule of Securities with Unrealized Losses, Segregated by the Duration of Continuous Unrealized Loss Positions	Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair (in thousands) Losses Value Losses Value Losses Value March 31, 2024 Debt securities: Obligations of US Government-sponsored enterprises $ 1 $ 865 $ 30 $ 823 $ 31 $ 1,688 Mortgage-backed securities and collateralized mortgage obligations: US Government-sponsored enterprises 50 3,071 32,761 182,199 32,811 185,270 US Government agency 62 6,901 11,362 66,391 11,424 73,292 Private label 1 23 1,505 57,494 1,506 57,517 Obligations of states and political subdivisions thereof 26 4,922 15,898 100,867 15,924 105,789 Corporate bonds 70 6,952 8,709 88,789 8,779 95,741 Total securities available for sale $ 210 $ 22,734 $ 70,265 $ 496,563 $ 70,475 $ 519,297 Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair (in thousands) Losses Value Losses Value Losses Value December 31, 2023 Debt securities: Obligations of US Government-sponsored enterprises $ 1 $ 1,084 $ 28 $ 907 $ 29 $ 1,991 Mortgage-backed securities and collateralized mortgage obligations: US Government-sponsored enterprises 10 3,439 30,322 188,611 30,332 192,050 US Government agency 2 120 10,935 68,891 10,937 69,011 Private label — 26 1,855 59,007 1,855 59,033 Obligations of states and political subdivisions thereof 26 3,099 14,178 101,036 14,204 104,135 Corporate bonds 156 4,913 9,547 84,950 9,703 89,863 Total securities available for sale $ 195 $ 12,681 $ 66,865 $ 503,402 $ 67,060 $ 516,083

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of Loans	March 31, December 31, (in thousands) 2024 2023 Commercial construction $ 158,270 $ 154,048 Commercial real estate owner occupied 323,581 310,015 Commercial real estate non-owner occupied 1,155,297 1,144,566 Tax exempt 39,261 43,688 Commercial and industrial 306,844 310,883 Residential real estate 933,911 940,334 Home equity 86,879 87,683 Consumer other 7,629 7,832 Total loans 3,011,672 2,999,049 Allowance for credit losses 28,355 28,142 Net loans $ 2,983,317 $ 2,970,907
Summary of Unamortized Net Costs and Premiums	March 31, December 31, (in thousands) 2024 2023 Net unamortized loan origination costs $ 2,774 $ 3,039 Net unamortized fair value discount on acquired loans (2,781) (2,891) Total $ (7) $ 148
Schedule of Activity in the Allowance for Credit Losses	At or for the Three Months Ended March 31, 2024 Balance at Beginning of Balance at (in thousands) Period Charge Offs Recoveries Provision End of Period Commercial construction $ 4,261 $ — $ — $ (564) $ 3,697 Commercial real estate owner occupied 2,863 (3) — 221 3,081 Commercial real estate non-owner occupied 9,443 — — (288) 9,155 Tax exempt 119 — — (6) 113 Commercial and industrial 3,259 (65) 1 639 3,834 Residential real estate 7,352 — 5 294 7,651 Home equity 767 — 3 (18) 752 Consumer other 78 (45) 28 11 72 Total $ 28,142 $ (113) $ 37 $ 289 $ 28,355 At or for the Three Months Ended March 31, 2023 Balance at Beginning of Balance at (in thousands) Period Charge Offs Recoveries Provision End of Period Commercial construction $ 2,579 $ — $ — $ 455 $ 3,034 Commercial real estate owner occupied 2,189 — — 159 2,348 Commercial real estate non-owner occupied 9,341 — — 3 9,344 Tax exempt 93 — — — 93 Commercial and industrial 3,493 (1) 6 117 3,615 Residential real estate 7,274 (4) 8 27 7,305 Home equity 811 — 2 (21) 792 Consumer other 80 (63) 1 58 76 Total $ 25,860 $ (68) $ 17 $ 798 $ 26,607
Schedule of Loans by Risk Rating	The following table presents our loans by year of origination, loan segmentation and risk indicator as of March 31, 2024 : (in thousands) 2024 2023 2022 2021 2020 Prior Total Commercial construction Risk rating: Pass $ 1,219 $ 23,199 $ 107,106 $ 20,918 $ 4,415 $ 1,413 $ 158,270 Special mention — — — — — — — Substandard — — — — — — — Total $ 1,219 $ 23,199 $ 107,106 $ 20,918 $ 4,415 $ 1,413 $ 158,270 Current period gross write-offs — — — — — — — Commercial real estate owner occupied Risk rating: Pass $ 1,328 $ 52,491 $ 67,078 $ 60,467 $ 19,975 $ 115,429 $ 316,768 Special mention — 152 — — 1,565 3,382 5,099 Substandard — — — — — 1,604 1,604 Doubtful — — — — — 110 110 Total $ 1,328 $ 52,643 $ 67,078 $ 60,467 $ 21,540 $ 120,525 $ 323,581 Current period gross write-offs — — — — — 3 3 Commercial real estate non-owner occupied Risk rating: Pass $ 10,379 $ 41,205 $ 342,797 $ 198,618 $ 135,808 $ 321,447 $ 1,050,254 Special mention — 7,782 9,363 21,525 27,946 20,597 87,213 Substandard — — — — — 17,830 17,830 Doubtful — — — — — — — Total $ 10,379 $ 48,987 $ 352,160 $ 220,143 $ 163,754 $ 359,874 $ 1,155,297 Current period gross write-offs — — — — — — — Tax exempt Risk rating: Pass $ 501 $ 2,832 $ 8,468 $ 724 $ 208 $ 26,528 $ 39,261 Special mention — — — — — — — Substandard — — — — — — — Total $ 501 $ 2,832 $ 8,468 $ 724 $ 208 $ 26,528 $ 39,261 Current period gross write-offs — — — — — — — Commercial and industrial Risk rating: Pass $ 25,552 $ 79,412 $ 62,520 $ 18,175 $ 33,714 $ 79,651 $ 299,024 Special mention — 306 1,419 124 704 3,442 5,995 Substandard — 155 201 123 124 1,001 1,604 Doubtful — — — — — 221 221 Total $ 25,552 $ 79,873 $ 64,140 $ 18,422 $ 34,542 $ 84,315 $ 306,844 Current period gross write-offs — — — 62 3 — 65 Residential real estate Performing $ 7,076 $ 76,695 $ 186,939 $ 162,848 $ 94,344 $ 401,684 $ 929,586 Nonperforming — — 403 662 — 3,260 4,325 Total $ 7,076 $ 76,695 $ 187,342 $ 163,510 $ 94,344 $ 404,944 $ 933,911 Current period gross write-offs — — — — — — — Home equity Performing $ 2,620 $ 15,816 $ 15,200 $ 7,107 $ 6,138 $ 39,038 $ 85,919 Nonperforming — — — 57 — 903 960 Total $ 2,620 $ 15,816 $ 15,200 $ 7,164 $ 6,138 $ 39,941 $ 86,879 Current period gross write-offs — — — — — — — Consumer other Performing $ 1,913 $ 2,618 $ 1,476 $ 572 $ 212 $ 827 $ 7,618 Nonperforming — — — 6 5 — 11 Total $ 1,913 $ 2,618 $ 1,476 $ 578 $ 217 $ 827 $ 7,629 Current period gross write-offs — 4 1 — — 40 45 Total Loans $ 50,588 $ 302,663 $ 802,970 $ 491,926 $ 325,158 $ 1,038,367 $ 3,011,672 The following table presents our loans by year of origination, loan segmentation and risk indicator as of December 31, 2023: (in thousands) 2023 2022 2021 2020 2019 Prior Total Commercial construction Risk rating: Pass $ 14,040 $ 99,115 $ 35,978 $ 3,992 $ — $ 923 $ 154,048 Special mention — — — — — — — Substandard — — — — — — — Total $ 14,040 $ 99,115 $ 35,978 $ 3,992 $ — $ 923 $ 154,048 Current period gross write-offs — — — — — — — Commercial real estate owner occupied Risk rating: Pass $ 57,603 $ 61,015 $ 43,228 $ 20,209 $ 20,462 $ 91,187 $ 293,704 Special mention 160 387 7,488 1,596 — 3,066 12,697 Substandard — — — — — 3,497 3,497 Doubtful — — — — — 117 117 Total $ 57,763 $ 61,402 $ 50,716 $ 21,805 $ 20,462 $ 97,867 $ 310,015 Current period gross write-offs — — — — — — — Commercial real estate non-owner occupied Risk rating: Pass $ 41,270 $ 353,613 $ 199,311 $ 127,231 $ 78,759 $ 238,973 $ 1,039,157 Special mention 7,809 — 14,134 37,249 15,246 17,108 91,546 Substandard — — — — — 13,863 13,863 Doubtful — — — — — — — Total $ 49,079 $ 353,613 $ 213,445 $ 164,480 $ 94,005 $ 269,944 $ 1,144,566 Current period gross write-offs — — — — — — — Tax exempt Risk rating: Pass $ 6,340 $ 8,468 $ 787 $ 208 $ 590 $ 27,295 $ 43,688 Special mention — — — — — — — Substandard — — — — — — — Total $ 6,340 $ 8,468 $ 787 $ 208 $ 590 $ 27,295 $ 43,688 Current period gross write-offs — — — — — — — Commercial and industrial Risk rating: Pass $ 80,942 $ 69,402 $ 22,205 $ 38,824 $ 14,739 $ 77,273 $ 303,385 Special mention 364 1,446 — 776 28 3,588 6,202 Substandard 58 94 186 109 95 532 1,074 Doubtful — — — — 87 135 222 Total $ 81,364 $ 70,942 $ 22,391 $ 39,709 $ 14,949 $ 81,528 $ 310,883 Current period gross write-offs — — — — 5 659 664 Performing $ 72,395 $ 194,109 $ 165,434 $ 96,016 $ 62,648 $ 345,823 $ 936,425 Nonperforming — — 41 — 234 3,634 3,909 Total $ 72,395 $ 194,109 $ 165,475 $ 96,016 $ 62,882 $ 349,457 $ 940,334 Current period gross write-offs — — — — — 8 8 Home equity Performing $ 15,582 $ 15,334 $ 7,873 $ 6,633 $ 4,800 $ 36,652 $ 86,874 Nonperforming — — — — — 809 809 Total $ 15,582 $ 15,334 $ 7,873 $ 6,633 $ 4,800 $ 37,461 $ 87,683 Current period gross write-offs — — — — — 12 12 Consumer other Performing $ 4,128 $ 1,787 $ 696 $ 301 $ 51 $ 864 $ 7,827 Nonperforming — — 4 1 — — 5 Total $ 4,128 $ 1,787 $ 700 $ 302 $ 51 $ 864 $ 7,832 Current period gross write-offs — 52 18 5 — 214 289 Total Loans $ 300,691 $ 804,770 $ 497,365 $ 333,145 $ 197,739 $ 865,339 $ 2,999,049
Summary of Past Due Loans	March 31, 2024 (in thousands) 30-59 60-89 90+ Total Past Due Current Total Loans Commercial construction $ — $ — $ — $ — $ 158,270 $ 158,270 Commercial real estate owner occupied 262 359 — 621 322,960 323,581 Commercial real estate non-owner occupied 217 — 94 311 1,154,986 1,155,297 Tax exempt — — — — 39,261 39,261 Commercial and industrial 527 183 1,010 1,720 305,124 306,844 Residential real estate 1,138 1,112 787 3,037 930,874 933,911 Home equity 187 150 348 685 86,194 86,879 Consumer other 66 8 7 81 7,548 7,629 Total $ 2,397 $ 1,812 $ 2,246 $ 6,455 $ 3,005,217 $ 3,011,672 December 31, 2023 (in thousands) 30-59 60-89 90+ Total Past Due Current Total Loans Commercial construction $ — $ — $ — $ — $ 154,048 $ 154,048 Commercial real estate owner occupied — — — — 310,015 310,015 Commercial real estate non-owner occupied — — 103 103 1,144,463 1,144,566 Tax exempt — — — — 43,688 43,688 Commercial and industrial 465 59 330 854 310,029 310,883 Residential real estate 1,520 627 1,999 4,146 936,188 940,334 Home equity 600 — 337 937 86,746 87,683 Consumer other 10 2 — 12 7,820 7,832 Total $ 2,595 $ 688 $ 2,769 $ 6,052 $ 2,992,997 $ 2,999,049
Summary of Non-Accrual Loans	March 31, 2024 Nonaccrual With No 90+ Days Past (in thousands) Nonaccrual Related Allowance Due and Accruing Commercial construction $ — $ — $ — Commercial real estate owner occupied 95 — — Commercial real estate non-owner occupied 327 201 — Tax exempt — — — Commercial and industrial 1,152 516 — Residential real estate 4,325 726 — Home equity 960 1 — Consumer other 11 1 — Total $ 6,870 $ 1,445 $ — December 31, 2023 Nonaccrual With No 90+ Days Past (in thousands) Nonaccrual Related Allowance Due and Accruing Commercial construction $ — $ — $ — Commercial real estate owner occupied 103 44 — Commercial real estate non-owner occupied 340 224 — Tax exempt — — — Commercial and industrial 363 6 — Residential real estate 3,908 1,131 118 Home equity 809 1 22 Consumer other 5 — — Total $ 5,528 $ 1,406 $ 140
Schedule of amortized cost basis of collateral-dependent loans	March 31, 2024 December 31, 2023 (in thousands) Real Estate Other Real Estate Other Commercial construction $ — $ — $ — $ — Commercial real estate owner occupied 95 — 104 — Commercial real estate non-owner occupied 327 — 340 — Tax exempt — — — — Commercial and industrial 1,019 133 229 134 Residential real estate 4,325 — 3,908 — Home equity 960 — 808 — Consumer other 11 — 5 — Total $ 6,737 $ 133 $ 5,394 $ 134
Schedule of amortized cost basis of of loans experiencing financial difficulty and modification	(in thousands) Principal Forgiveness Payment Delay Term Extension Interest Rate Reduction Combination Interest Rate Reduction and Term Extension % of Total Class of Loans Three Months Ended March 31, 2024 Commercial construction $ — $ — $ — $ — $ — — % Commercial real estate owner occupied — — — — — — Commercial real estate non-owner occupied — — — — — — Tax exempt — — — — — — Commercial and industrial — — — — — — Residential real estate — — 33 — — 0.00 Home equity — — — — — — Consumer other — — — — — — Total $ — $ — $ 33 $ — $ — 0.00 %
Schedule of Financial Effect Loan Modifications	(in thousands) Weighted-Average Months of Payment Delay Weighted-Average Months of Term Extension Weighted-Average Interest Rate Reduction Three Months Ended March 31, 2024 Commercial construction — — — % Commercial real estate owner occupied — — — Commercial real estate non-owner occupied — — — Tax exempt — — — Commercial and industrial — — — Residential real estate — 64 — Home equity — — — Consumer other — — — Total — 64 — %
Unfunded Loan Commitment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of Activity in the Allowance for Credit Losses	(in thousands) Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Beginning Balance $ 3,825 $ 3,910 Provision for credit losses (186) (175) Ending Balance $ 3,639 $ 3,639

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	3 Months Ended
BORROWED FUNDS (Tables)	Mar. 31, 2024
BORROWED FUNDS
Schedule of Borrowed Funds	March 31, 2024 December 31, 2023 Weighted Weighted (dollars in thousands) Carrying Value Average Rate Carrying Value Average Rate Short-term borrowings Advances from the FHLB $ 196,000 5.44 % $ 232,300 5.46 % Advances from the FRB BTFP 65,000 4.79 30,000 4.90 Other borrowings 8,161 0.14 8,465 0.13 Total short-term borrowings 269,161 3.00 270,765 2.88 Long-term borrowings Advances from the FHLB 276 4.42 279 4.39 Subordinated borrowings 60,501 6.24 60,461 6.22 Total long-term borrowings 60,777 6.23 60,740 6.21 Total $ 329,938 3.34 % $ 331,505 3.24 %
Summary of Maturities of FHLB Advances	Weighted Average (in thousands, except rates) Amount Rate 2024 $ 196,000 5.44 % Thereafter 276 4.42 Total FHLB advances $ 196,276 5.44 %
Schedule of Repurchase Agreements	(in thousands) March 31, 2024 December 31, 2023 Customer Repurchase Agreements US Government-sponsored enterprises $ 8,161 $ 8,465 Total $ 8,161 $ 8,465

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
DEPOSITS (Tables)	Mar. 31, 2024
DEPOSITS.
Summary of Time Deposits	(in thousands) March 31, 2024 December 31, 2023 Time less than $100,000 $ 445,450 $ 381,902 Time $100,000 through $250,000 173,118 163,933 Time $250,000 or more 158,640 154,425 Total $ 777,208 $ 700,260
Time Deposit Maturities	(in thousands) March 31, 2024 December 31, 2023 Within 1 year $ 750,747 $ 670,961 Over 1 year to 2 years 15,827 17,000 Over 2 years to 3 years 5,830 6,932 Over 3 years to 4 years 3,377 3,434 Over 4 years to 5 years 1,299 1,795 Over 5 years 128 138 Total $ 777,208 $ 700,260

CAPITAL RATIOS AND SHAREHOLDE_2

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
CAPITAL RATIOS AND SHAREHOLDERS' EQUITY (Tables)	Mar. 31, 2024
CAPITAL RATIOS AND SHAREHOLDERS' EQUITY
Schedule of Actual and Required Capital Ratios	March 31, 2024 Minimum Regulatory Actual Capital Requirements (in thousands, except ratios) Amount Ratio Amount Ratio Company (consolidated) Total capital to risk-weighted assets $ 456,781 14.36 % $ 254,393 8.00 % Common equity tier 1 capital to risk-weighted assets 364,168 11.45 143,097 4.50 Tier 1 capital to risk-weighted assets 384,788 12.10 190,795 6.00 Tier 1 capital to average assets (leverage ratio) 384,788 9.92 155,105 4.00 Bank Total capital to risk-weighted assets $ 447,860 14.10 % $ 254,134 8.00 % Common equity tier 1 capital to risk-weighted assets 415,867 13.09 142,950 4.50 Tier 1 capital to risk-weighted assets 415,867 13.09 190,600 6.00 Tier 1 capital to average assets (leverage ratio) 415,867 10.73 154,978 4.00 December 31, 2023 Minimum Regulatory Actual Capital Requirements (in thousands, except ratios) Amount Ratio Amount Ratio Company (consolidated) Total capital to risk-weighted assets $ 450,160 14.24 % $ 252,888 8.00 % Common equity tier 1 capital to risk-weighted assets 357,574 11.31 142,249 4.50 Tier 1 capital to risk-weighted assets 378,194 11.96 189,666 6.00 Tier 1 capital to average assets (leverage ratio) 378,194 9.70 156,022 4.00 Bank Total capital to risk-weighted assets $ 441,278 13.97 % $ 252,642 8.00 % Common equity tier 1 capital to risk-weighted assets 409,312 12.96 142,111 4.50 Tier 1 capital to risk-weighted assets 409,312 12.96 189,482 6.00 Tier 1 capital to average assets (leverage ratio) 409,312 10.50 155,908 4.00
Schedule of Components of Accumulated Other Comprehensive Loss	(in thousands) March 31, 2024 December 31, 2023 Accumulated other comprehensive loss, before tax: Net unrealized loss on AFS securities $ (64,948) $ (62,351) Net unrealized loss on hedging derivatives (2,259) (1,322) Net unrealized loss on post-retirement plans (1,518) (1,540) Income taxes related to items of accumulated other comprehensive loss: Net unrealized loss on AFS securities 15,315 14,702 Net unrealized loss on hedging derivatives 533 312 Net unrealized loss on post-retirement plans 309 337 Accumulated other comprehensive loss $ (52,568) $ (49,862)
Schedule of Components of Other Comprehensive Income (Loss)	The following table presents the components of other comprehensive income (loss) for the three months ended March 31, 2024 and 2023: (in thousands) Before Tax Tax Effect Net of Tax Three Months Ended March 31, 2024 Net unrealized loss on AFS securities: Net unrealized loss arising during the period $ (2,597) $ 613 $ (1,984) Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on AFS securities (2,597) 613 (1,984) Net unrealized loss on hedging derivatives: Net unrealized loss arising during the period (937) 221 (716) Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on cash flow hedging derivatives (937) 221 (716) Net unrealized loss on post-retirement plans: Net unrealized loss arising during the period 22 (28) (6) Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on post-retirement plans 22 (28) (6) Other comprehensive loss $ (3,512) $ 806 $ (2,706) Three Months Ended March 31, 2023 Net unrealized loss on AFS securities: Net unrealized loss arising during the period $ 6,040 $ (1,414) $ 4,626 Less: reclassification adjustment for gains (losses) realized in net income 34 (8) 26 Net unrealized loss on AFS securities 6,006 (1,406) 4,600 Net unrealized loss on hedging derivatives: Net unrealized loss arising during the period 767 (178) 589 Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on cash flow hedging derivatives 767 (178) 589 Net unrealized loss on post-retirement plans: Net unrealized loss arising during the period — — — Less: reclassification adjustment for gains (losses) realized in net income — — — Net unrealized loss on post-retirement plans — — — Other comprehensive income $ 6,773 $ (1,584) $ 5,189
Schedule of Changes in Components of Accumulated Other Comprehensive Income (Loss)	Net unrealized Net gain (loss) on Net unrealized gain (loss) effective cash loss on AFS flow hedging on pension (in thousands) Securities derivatives plans Total Three Months Ended March 31, 2024 Balance at beginning of period $ (47,649) $ (1,010) $ (1,203) $ (49,862) Other comprehensive gain before reclassifications (1,984) (716) (6) (2,706) Less: amounts reclassified from accumulated other comprehensive income — — — — Total other comprehensive income (1,984) (716) (6) (2,706) Balance at end of period $ (49,633) $ (1,726) $ (1,209) $ (52,568) Three Months Ended March 31, 2023 Balance at beginning of period $ (55,246) $ (1,794) $ (1,300) $ (58,340) Other comprehensive loss before reclassifications 4,626 589 — 5,215 Less: amounts reclassified from accumulated other comprehensive income 26 — — 26 Total other comprehensive loss 4,600 589 — 5,189 Balance at end of period $ (50,646) $ (1,205) $ (1,300) $ (53,151)
Reclassification out of Accumulated Other Comprehensive Income (Loss)	Three Months Ended March 31, Affected Line Item where (in thousands) 2024 2023 Net Income is Presented Net realized gains on AFS securities: Before tax $ — $ 34 Non-interest income Tax effect — (8) Tax expense Total reclassifications for the period $ — $ 26

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2024
EARNINGS PER SHARE
Schedule of Earnings Per Share	Three Months Ended March 31, (in thousands, except per share and share data) 2024 2023 Net income $ 10,095 $ 13,012 Average number of basic common shares outstanding 15,198,337 15,109,847 Plus: dilutive effect of stock options and awards outstanding 71,496 80,242 Average number of diluted common shares outstanding (1) 15,269,833 15,190,089 Earnings per share: Basic $ 0.66 $ 0.86 Diluted 0.66 0.86 (1) Average diluted shares outstanding are computed using the treasury stock method.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2024
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of Information About Derivative Assets and Liabilities	March 31, 2024 Weighted Notional Average Fair Value Location Fair Amount Maturity Asset (Liability) Value Asset (in thousands) (in years) (in thousands) (Liability) Cash flow hedges: Interest rate swap on wholesale funding $ 75,000 0.8 $ 2,361 Other assets Interest rate swap on variable rate loans 50,000 2.0 (3,604) Other liabilities Total cash flow hedges 125,000 (1,243) Fair value hedges: Interest rate swap on securities 37,190 5.3 4,407 Other assets Total fair value hedges 37,190 4,407 Economic hedges: Forward sale commitments 6,000 0.1 (16) Other liabilities Customer Loan Swaps-MNA Counterparty 177,994 4.9 (17,037) Other liabilities Customer Loan Swaps-RPA Counterparty 142,199 4.7 — Other liabilities Customer Loan Swaps-Customer 320,193 4.8 17,037 Other assets Total economic hedges 646,386 (16) Non-hedging derivatives: Interest rate lock commitments 3,397 0.4 56 Other assets Total non-hedging derivatives 3,397 56 Total $ 811,973 $ 3,204 December 31, 2023 Weighted Notional Average Fair Value Location Fair Amount Maturity Asset (Liability) Value Asset (in thousands) (in years) (in thousands) (Liability) Cash flow hedges: Interest rate swap on wholesale funding $ 75,000 1.0 $ 2,803 Other assets Interest rate swap on variable rate loans 50,000 2.2 (3,459) Other liabilities Total cash flow hedges 125,000 (656) Fair value hedges: Interest rate swap on securities 37,190 5.6 3,844 Other assets Total fair value hedges 37,190 3,844 Economic hedges: Forward sale commitments 5,000 — (20) Other assets Customer Loan Swaps-MNA Counterparty 184,826 5.0 (14,842) Other liabilities Customer Loan Swaps-RPA Counterparty 142,199 4.9 (286) Other liabilities Customer Loan Swaps-Customer 327,025 4.9 15,128 Other assets Total economic hedges 659,050 (20) Non-hedging derivatives: Interest rate lock commitments 3,153 0.1 63 Other assets Total non-hedging derivatives 3,153 63 Total $ 824,393 $ 3,231
Schedule of Amounts Recorded On The Balance Sheet	Cumulative Amount of Fair Location of Hedged Item on Carrying Amount of Hedged Value Hedging Adjustment in Balance Sheet Assets Carrying Amount March 31, 2024 Interest rate swap on securities Securities available for sale $ 31,767 $ (5,423) December 31, 2023 Interest rate swap on securities Securities available for sale $ 32,680 $ (4,510)
Schedule of Derivative Instruments Gain (Loss)	Three Months Ended March 31, 2024 Amount of Amount of Gain (Loss) Gain (Loss) Recognized in Reclassified Location of Amount of Other Location of Gain (Loss) from Other Gain (Loss) Gain (Loss) Comprehensive Reclassified from Other Comprehensive Recognized in Recognized (in thousands) Income Comprehensive Income Income Income in Income Cash flow hedges: Interest rate swap on wholesale funding $ (338) Interest expense $ — Interest expense $ 827 Interest rate swap on variable rate loans (111) Interest income — Interest income (585) Total cash flow hedges (449) — 242 Fair value hedges: Interest rate swap on securities (268) Interest income — Interest income 370 Total fair value hedges (268) — 370 Economic hedges: Forward commitments — Other income — Mortgage banking income 4 Total economic hedges — — 4 Non-hedging derivatives: Interest rate lock commitments — Other expense — Mortgage banking income (7) Total non-hedging derivatives — — (7) Total $ (717) $ — $ 609 Three Months Ended March 31, 2023 Amount of Amount of Gain (Loss) Gain (Loss) Recognized in Reclassified Location of Amount of Other Location of Gain (Loss) from Other Gain (Loss) Gain (Loss) Comprehensive Reclassified from Other Comprehensive Recognized in Recognized (in thousands) Income Comprehensive Income Income Income in Income Cash flow hedges: Interest rate swap on wholesale funding $ (610) Interest expense $ — Interest expense $ 664 Interest rate swap on variable rate loans 592 Interest income — Interest income (466) Total cash flow hedges (18) — 198 Fair value hedges: Interest rate swap on securities 607 Interest income — Interest income 286 Total economic hedges 607 — 286 Economic hedges: Forward commitments — Other income — Mortgage banking income — Total economic hedges — — — Non-hedging derivatives: Interest rate lock commitments — Other expense — Mortgage banking income 8 Total non-hedging derivatives — — 8 Total $ 589 $ — $ 492
Schedule of Gain Loss in Statement of Income	Three Months Ended March 31, 2024 Interest and Dividend Income Interest Expense (in thousands) Loans Securities and other Deposits Borrowings Non-interest Income Income and expense line items presented in the consolidated statements of income $ 39,470 $ 6,353 $ 14,532 $ 3,236 $ 8,586 The effects of cash flow and fair value hedging: Gain (loss) on cash flow hedges: Interest rate swap on wholesale funding — — — 827 — Interest rate swap on variable rate loans (585) — — — — Gain (loss) on fair value hedges: Interest rate swap on securities — 370 — — — Three Months Ended March 31, 2023 Interest and Dividend Income Interest Expense (in thousands) Loans Securities and other Deposits Borrowings Non-interest Income Income and expense line items presented in the consolidated statements of income $ 34,560 $ 5,791 $ 5,265 $ 4,180 $ 9,184 The effects of cash flow and fair value hedging: Gain (loss) on cash flow hedges: Interest rate swap on wholesale funding — — — 664 — Interest rate swap on variable rate loans (466) — — — — Gain (loss) on fair value hedges: Interest rate swap on securities — 286 — — —
Schedule of derivatives no designated as hedging instruments on the consolidated statements of income	Location of Gain (Loss) Recognized Three Months Ended March 31, (In thousands) in Non-interest Income 2024 2023 Derivatives not designated as hedging instruments Economic hedges: Forward commitments Mortgage banking income $ 4 $ - Non-hedging derivatives: Interest rate lock commitments Mortgage banking income (7) 8
Schedule of Offsetting Liabilities	Gross Amounts Offset in the Consolidated Balance Sheet Derivative Cash Collateral (in thousands) Liabilities Derivative Assets Pledged Net Amount As of March 31, 2024 Customer Loan Derivatives: MNA counterparty $ (17,037) $ 17,037 $ — $ — RPA counterparty — — — — Total $ (17,037) $ 17,037 $ — $ — Gross Amounts Offset in the Consolidated Balance Sheet Derivative Cash Collateral (in thousands) Liabilities Derivative Assets Pledged Net Amount As of December 31, 2023 Customer Loan Derivatives: MNA counterparty $ (14,842) $ 14,842 $ — $ — RPA counterparty (286) 286 — — Total $ (15,128) $ 15,128 $ — $ —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2024
FAIR VALUE MEASUREMENTS
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	March 31, 2024 Level 1 Level 2 Level 3 Total (in thousands) Inputs Inputs Inputs Fair Value Available for sale securities: Obligations of US Government-sponsored enterprises $ — $ 1,687 $ — $ 1,687 Mortgage-backed securities: US Government-sponsored enterprises — 185,824 — 185,824 US Government agency — 76,182 — 76,182 Private label — 59,032 — 59,032 Obligations of states and political subdivisions thereof — 108,106 — 108,106 Corporate bonds — 96,772 — 96,772 Loans held for sale — 3,137 — 3,137 Derivative assets — 23,805 56 23,861 Derivative liabilities — (20,641) (16) (20,657) December 31, 2023 Level 1 Level 2 Level 3 Total (in thousands) Inputs Inputs Inputs Fair Value Available for sale securities: Obligations of US Government-sponsored enterprises $ — $ 1,992 $ — $ 1,992 Mortgage-backed securities: US Government-sponsored enterprises — 193,282 — 193,282 US Government agency — 74,213 — 74,213 Private label — 59,051 — 59,051 Obligations of states and political subdivisions thereof — 110,168 — 110,168 Corporate bonds — 95,868 — 95,868 Loans held for sale — 2,189 — 2,189 Derivative assets — 21,775 63 21,838 Derivative liabilities — (18,587) (20) (18,607)
Schedule of Changes in Level 3 Assets Measured on a Recurring Basis	Assets (Liabilities) Interest Rate Lock Forward (in thousands) Commitments Commitments Three Months Ended March 31, 2024 Balance at beginning of period $ 63 $ (20) Realized gain recognized in non-interest income (7) 4 Balance at end of period $ 56 $ (16) Three Months Ended March 31, 2023 Balance at beginning of period $ — $ — Realized loss recognized in non-interest income 8 — Balance at end of period $ 8 $ —
Schedule of Changes in Level 3 Liabilities Measured on a Recurring Basis	Assets (Liabilities) Interest Rate Lock Forward (in thousands) Commitments Commitments Three Months Ended March 31, 2024 Balance at beginning of period $ 63 $ (20) Realized gain recognized in non-interest income (7) 4 Balance at end of period $ 56 $ (16) Three Months Ended March 31, 2023 Balance at beginning of period $ — $ — Realized loss recognized in non-interest income 8 — Balance at end of period $ 8 $ —
Schedule of Quantitative Information, Valuation, Recurring	Fair Value (in thousands, March 31, Valuation Unobservable Unobservable except ratios) 2024 Techniques Inputs Input Value Assets (Liabilities) Interest Rate Lock Commitment $ 56 Pull-through Rate Analysis Closing Ratio 95 % Pricing Model Origination Costs, per loan $ 1.7 Discount Cash Flows Mortgage Servicing Asset 1.0 % Forward Commitments (16) Quoted prices for similar loans in active markets Freddie Mac pricing system $99.3 to $102.8 Total $ 40 Fair Value Significant December 31, Valuation Unobservable Unobservable (in thousands, except ratios) 2023 Techniques Inputs Input Value Assets (Liabilities) Interest Rate Lock Commitment $ 63 Pull-through Rate Analysis Closing Ratio 95 % Pricing Model Origination Costs, per loan $ 1.7 Discount Cash Flows Mortgage Servicing Asset 1.0 % Forward Commitments (20) Quoted prices for similar loans in active markets Freddie Mac pricing system $100.9 to $103.3 Total $ 43
Summary of Applicable Non-Recurring Fair Value Measurements	Fair Value Measurement Date as of Mar 31, 2024 Dec 31, 2023 March 31, 2024 March 31, 2024 Level 3 Level 3 Total Level 3 (in thousands) Inputs Inputs Gains (Losses) Inputs Assets Individually evaluated loans $ 2,911 $ 3,500 $ (589) March 2024 Capitalized servicing rights 6,991 6,764 227 March 2024 Premises held for sale 1,154 1,154 — March 2024 Total $ 11,056 $ 11,418 $ (362)
Schedule of Quantitative Information, Valuation, Non-recurring	(in thousands, except ratios) Fair Value March 31, 2024 Valuation Techniques Unobservable Inputs Range (Weighted Average) (a) Assets Individually evaluated loans $ 2,254 Fair value of collateral-appraised value Loss severity 0% to 40% Appraised value $215 to $916 Individually evaluated loans 657 Discount cash flow Discount rate 3.25% to 4.99% Cash flows $320 to $513 Capitalized servicing rights 6,991 Discounted cash flow Constant prepayment rate 6.87% Discount rate 10.06% Premises held for sale 1,154 Fair value of asset less selling costs Appraised value $1,223 Selling Costs 6% Total $ 11,056 (a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individual properties. (in thousands, except ratios) Fair Value December 31, 2023 Valuation Techniques Unobservable Inputs Range (Weighted Average) (a) Assets Individually evaluated loans $ 2,437 Fair value of collateral-appraised value Loss severity 10% to 43% Appraised value $80 to $965 Individually evaluated loans 1,063 Discount cash flow Discount rate 3.25% to 7.13% Cash flows $2 to $520 Capitalized servicing rights 6,764 Discounted cash flow Constant prepayment rate 7.20% Discount rate 10.06% Premises held for sale 1,154 Fair value of asset less selling costs Appraised value $1,223 Selling Costs 6% Total $ 11,418 (a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individual properties.
Summary of Estimated Fair Values, and Related Carrying Amounts, of Financial Instruments	March 31, 2024 Carrying Fair (in thousands) Amount Value Level 1 Level 2 Level 3 Financial Assets Cash and cash equivalents $ 76,219 $ 76,219 $ 76,219 $ — $ — Securities available for sale 527,603 527,603 — 527,603 — FHLB stock 9,960 9,960 — 9,960 — Loans held for sale 3,137 3,137 — 3,137 — Net loans 2,983,317 2,844,033 — — 2,844,033 Accrued interest receivable 5,317 5,317 — 5,317 — Cash surrender value of bank-owned life insurance policies 80,642 80,642 — 80,642 — Derivative assets 23,861 23,861 — 23,805 56 Financial Liabilities Non-maturity deposits $ 2,349,868 $ 2,177,428 $ — $ 2,177,428 $ — Time deposits 777,208 769,302 — 769,302 — Securities sold under agreements to repurchase 8,161 8,161 — 8,161 — FRB advances 65,000 65,000 — 65,000 — FHLB advances 196,276 196,159 — 196,159 — Subordinated borrowings 60,501 67,691 — 67,691 — Derivative liabilities 20,657 20,657 — 20,641 16 December 31, 2023 Carrying Fair (in thousands) Amount Value Level 1 Level 2 Level 3 Financial Assets Cash and cash equivalents $ 94,842 $ 94,842 $ 94,842 $ — $ — Securities available for sale 534,574 534,574 — 534,574 — FHLB stock 14,834 14,834 — 14,834 — Loans held for sale 2,189 2,189 — 2,189 — Net loans 2,970,907 2,832,173 — — 2,832,173 Accrued interest receivable 4,921 4,921 — 4,921 — Cash surrender value of bank-owned life insurance policies 80,037 80,037 — 80,037 — Derivative assets 21,838 21,838 — 21,775 63 Financial Liabilities Non-maturity deposits $ 2,482,012 $ 2,325,307 $ — $ 2,325,307 $ — Time deposits 658,482 651,855 — 651,855 — Securities sold under agreements to repurchase 8,465 8,465 — 8,465 — FRB advances 30,000 30,000 — 30,000 — FHLB advances 232,579 232,375 — 232,375 — Subordinated borrowings 60,422 67,635 — 67,635 — Derivative liabilities 15,607 15,607 — 15,587 20

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Mar. 31, 2024
REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregation of Revenue	Three Months Ended March 31, (in thousands) 2024 2023 Non-interest income within the scope of ASC 606: Trust management fees $ 3,243 $ 3,091 Financial services fees 427 464 Interchange fees 1,970 2,010 Customer deposit fees 1,502 1,429 Other customer service fees 238 238 Total non-interest income within the scope of ASC 606 7,380 7,232 Total non-interest income not within the scope of ASC 606 1,206 1,952 Total non-interest income $ 8,586 $ 9,184 Three Months Ended March 31, (in thousands) 2024 2023 Timing of Revenue Recognition Products and services transferred at a point in time $ 3,926 $ 3,950 Products and services transferred over time 3,454 3,282 Total $ 7,380 $ 7,232
Contract Balances from Contracts with Customers	(in thousands) March 31, 2024 December 31, 2023 Balances from contracts with customers only: Other Assets $ 1,107 $ 1,178 Other Liabilities 1,720 1,769

SECURITIES AVAILABLE FOR SALE -

SECURITIES AVAILABLE FOR SALE - Summary of Securities Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 592,551	$ 596,925
Gross Unrealized Gains	5,527	4,709
Gross Unrealized Losses	(70,475)	(67,060)
Fair Value	527,603	534,574
Obligations of states and political subdivisions thereof
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	118,605	119,857
Gross Unrealized Gains	5,425	4,515
Gross Unrealized Losses	(15,924)	(14,204)
Fair Value	108,106	110,168
Corporate bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	105,550	105,552
Gross Unrealized Gains	1	19
Gross Unrealized Losses	(8,779)	(9,703)
Fair Value	96,772	95,868
Debt securities \| Obligations of US Government-sponsored enterprises
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,718	2,021
Gross Unrealized Losses	(31)	(29)
Fair Value	1,687	1,992
Mortgage-backed securities and collateralized mortgage obligations \| US Government-sponsored enterprises
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	218,631	223,602
Gross Unrealized Gains	4	12
Gross Unrealized Losses	(32,811)	(30,332)
Fair Value	185,824	193,282
Mortgage-backed securities and collateralized mortgage obligations \| US Government agency
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	87,527	85,005
Gross Unrealized Gains	79	145
Gross Unrealized Losses	(11,424)	(10,937)
Fair Value	76,182	74,213
Mortgage-backed securities and collateralized mortgage obligations \| Private label
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	60,520	60,888
Gross Unrealized Gains	18	18
Gross Unrealized Losses	(1,506)	(1,855)
Fair Value	$ 59,032	$ 59,051

SECURITIES AVAILABLE FOR SALE_2

SECURITIES AVAILABLE FOR SALE - Maturity of Available for Sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Within 1 year	$ 4,024
Over 1 year to 5 years	52,916
Over 5 years to 10 years	42,276
Over 10 years	126,657
Total bonds and obligations	225,873
Mortgage-backed securities	366,678
Amortized Cost	592,551	$ 596,925
Fair Value
Within 1 year	4,024
Over 1 year to 5 years	49,626
Over 5 years to 10 years	43,158
Over 10 years	109,757
Total bonds and obligations	206,565
Mortgage-backed securities and collateralized mortgage obligations	321,038
Total securities available for sale	$ 527,603	$ 534,574

SECURITIES AVAILABLE FOR SALE_3

SECURITIES AVAILABLE FOR SALE - Gains and Losses from AFS Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
SECURITIES AVAILABLE FOR SALE
Gross gains on sales of available for sale securities	$ 34
Net gains on sale of available for sale securities	$ 34

SECURITIES AVAILABLE FOR SALE_4

SECURITIES AVAILABLE FOR SALE - Summary of Securities with Unrealized Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Gross Unrealized Losses
Less Than Twelve Months	$ 210	$ 195
Over Twelve Months	70,265	66,865
Total	70,475	67,060
Fair Value
Less Than Twelve Months	22,734	12,681
Over Twelve Months	496,563	503,402
Total	519,297	516,083
US Government-sponsored Enterprises Debt Securities \| Debt securities
Gross Unrealized Losses
Less Than Twelve Months	1	1
Over Twelve Months	30	28
Total	31	29
Fair Value
Less Than Twelve Months	865	1,084
Over Twelve Months	823	907
Total	1,688	1,991
US Government-sponsored enterprises \| Mortgage-backed securities and collateralized mortgage obligations
Gross Unrealized Losses
Less Than Twelve Months	50	10
Over Twelve Months	32,761	30,322
Total	32,811	30,332
Fair Value
Less Than Twelve Months	3,071	3,439
Over Twelve Months	182,199	188,611
Total	185,270	192,050
US Government agency \| Mortgage-backed securities and collateralized mortgage obligations
Gross Unrealized Losses
Less Than Twelve Months	62	2
Over Twelve Months	11,362	10,935
Total	11,424	10,937
Fair Value
Less Than Twelve Months	6,901	120
Over Twelve Months	66,391	68,891
Total	73,292	69,011
Private label \| Mortgage-backed securities and collateralized mortgage obligations
Gross Unrealized Losses
Less Than Twelve Months	1
Over Twelve Months	1,505	1,855
Total	1,506	1,855
Fair Value
Less Than Twelve Months	23	26
Over Twelve Months	57,494	59,007
Total	57,517	59,033
Obligations of states and political subdivisions thereof
Gross Unrealized Losses
Less Than Twelve Months	26	26
Over Twelve Months	15,898	14,178
Total	15,924	14,204
Fair Value
Less Than Twelve Months	4,922	3,099
Over Twelve Months	100,867	101,036
Total	105,789	104,135
Corporate bonds
Gross Unrealized Losses
Less Than Twelve Months	70	156
Over Twelve Months	8,709	9,547
Total	8,779	9,703
Fair Value
Less Than Twelve Months	6,952	4,913
Over Twelve Months	88,789	84,950
Total	$ 95,741	$ 89,863

SECURITIES AVAILABLE FOR SALE_5

SECURITIES AVAILABLE FOR SALE - Basis for Impairment Conclusion (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)
Accounting Standards Update 2016-13
Debt Securities, Available-for-Sale [Line Items]
Allowance on AFS debt securities \| $	$ 0	$ 0
Obligations of US Government-sponsored enterprises
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale, securities in unrealized loss positions (security)	8
Available for sale securities portfolio, number of securities (security)	8
Available for sale and held to maturity securities, continuous unrealized loss position, aggregate losses (percentage)	1.77%
US Government-sponsored enterprises
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale, securities in unrealized loss positions (security)	466
Available for sale securities portfolio, number of securities (security)	493
Available for sale and held to maturity securities, continuous unrealized loss position, aggregate losses (percentage)	15.05%
US Government agency
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale, securities in unrealized loss positions (security)	139
Available for sale securities portfolio, number of securities (security)	154
Available for sale and held to maturity securities, continuous unrealized loss position, aggregate losses (percentage)	13.49%
Private label
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale, securities in unrealized loss positions (security)	25
Available for sale securities portfolio, number of securities (security)	28
Available for sale and held to maturity securities, continuous unrealized loss position, aggregate losses (percentage)	2.55%
Obligations of states and political subdivisions thereof
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale, securities in unrealized loss positions (security)	61
Available for sale securities portfolio, number of securities (security)	69
Available for sale and held to maturity securities, continuous unrealized loss position, aggregate losses (percentage)	13.69%
Corporate bonds
Debt Securities, Available-for-Sale [Line Items]
Available-for-sale, securities in unrealized loss positions (security)	33
Available for sale securities portfolio, number of securities (security)	35
Available for sale and held to maturity securities, continuous unrealized loss position, aggregate losses (percentage)	8.40%

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Total Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 3,011,672	$ 2,999,049
Allowance for credit losses	28,355	28,142	$ 26,607	$ 25,860
Net loans	2,983,317	2,970,907
Accrued interest receivable for loans	13,200	11,900
Tax exempt
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	39,261	43,688
Allowance for credit losses	113	119	93	93
Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	86,879	87,683
Allowance for credit losses	752	767	792	811
Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		7,832
Total commercial loans \| Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	158,270	154,048
Allowance for credit losses	3,697	4,261	3,034	2,579
Total commercial real estate \| Commercial real estate owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	323,581	310,015
Allowance for credit losses	3,081	2,863	2,348	2,189
Total commercial real estate \| Commercial real estate non-owner occupied
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,155,297	1,144,566
Allowance for credit losses	9,155	9,443	9,344	9,341
Total commercial and industrial \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	306,844	310,883
Allowance for credit losses	3,834	3,259	3,615	3,493
Total residential real estate \| Residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	933,911	940,334
Allowance for credit losses	7,651	7,352	7,305	7,274
Total consumer \| Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	7,629	7,832
Allowance for credit losses	$ 72	$ 78	$ 76	$ 80

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Unamortized Net Costs and Premiums (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Net unamortized loan origination costs	$ 2,774	$ 3,039
Net unamortized fair value discount on acquired loans	(2,781)	(2,891)
Total	$ (7)	$ 148

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Allowance Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 28,142	$ 25,860
Charge Offs	(113)	(68)
Recoveries	37	17
Provision	289	798
Balance at end of period	28,355	26,607
Construction and land development \| Total commercial loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	4,261	2,579
Provision	(564)	455
Balance at end of period	3,697	3,034
Commercial real estate owner occupied \| Total commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	2,863	2,189
Charge Offs	(3)
Provision	221	159
Balance at end of period	3,081	2,348
Commercial real estate non-owner occupied \| Total commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	9,443	9,341
Provision	(288)	3
Balance at end of period	9,155	9,344
Tax exempt
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	119	93
Provision	(6)
Balance at end of period	113	93
Commercial and industrial \| Total commercial and industrial
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	3,259	3,493
Charge Offs	(65)	(1)
Recoveries	1	6
Provision	639	117
Balance at end of period	3,834	3,615
Residential mortgages \| Total residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	7,352	7,274
Charge Offs		(4)
Recoveries	5	8
Provision	294	27
Balance at end of period	7,651	7,305
Home equity
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	767	811
Recoveries	3	2
Provision	(18)	(21)
Balance at end of period	752	792
Other consumer \| Total consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	78	80
Charge Offs	(45)	(63)
Recoveries	28	1
Provision	11	58
Balance at end of period	72	76
Unfunded Loan Commitment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	3,825	3,910
Provision	(186)	(175)
Balance at end of period	$ 3,639	$ 3,639

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Loans by Year of Origination, Loan Segmentation and Risk Indicator (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Credit quality information
2023	$ 50,588	$ 300,691
2022	302,663	804,770
2021	802,970	497,365
2020	491,926	333,145
2019	325,158	197,739
Prior	1,038,367	865,339
Total loans	3,011,672	2,999,049
Construction and land development \| Total commercial loans
Credit quality information
2023	1,219	14,040
2022	23,199	99,115
2021	107,106	35,978
2020	20,918	3,992
2019	4,415
Prior	1,413	923
Total loans	158,270	154,048
Construction and land development \| Pass \| Total commercial loans
Credit quality information
2023	1,219	14,040
2022	23,199	99,115
2021	107,106	35,978
2020	20,918	3,992
2019	4,415
Prior	1,413	923
Total loans	158,270	154,048
Commercial real estate owner occupied \| Total commercial real estate
Credit quality information
2023	1,328	57,763
2022	52,643	61,402
2021	67,078	50,716
2020	60,467	21,805
2019	21,540	20,462
Prior	120,525	97,867
Total loans	323,581	310,015
Current period gross write-offs
Prior	3
Total	3
Commercial real estate owner occupied \| Pass \| Total commercial real estate
Credit quality information
2023	1,328	57,603
2022	52,491	61,015
2021	67,078	43,228
2020	60,467	20,209
2019	19,975	20,462
Prior	115,429	91,187
Total loans	316,768	293,704
Commercial real estate owner occupied \| Special mention \| Total commercial real estate
Credit quality information
2023		160
2022	152	387
2021		7,488
2020		1,596
2019	1,565
Prior	3,382	3,066
Total loans	5,099	12,697
Commercial real estate owner occupied \| Substandard \| Total commercial real estate
Credit quality information
Prior	1,604	3,497
Total loans	1,604	3,497
Commercial real estate owner occupied \| Doubtful \| Total commercial real estate
Credit quality information
Prior	110	117
Total loans	110	117
Commercial real estate non-owner occupied \| Total commercial real estate
Credit quality information
2023	10,379	49,079
2022	48,987	353,613
2021	352,160	213,445
2020	220,143	164,480
2019	163,754	94,005
Prior	359,874	269,944
Total loans	1,155,297	1,144,566
Commercial real estate non-owner occupied \| Pass \| Total commercial real estate
Credit quality information
2023	10,379	41,270
2022	41,205	353,613
2021	342,797	199,311
2020	198,618	127,231
2019	135,808	78,759
Prior	321,447	238,973
Total loans	1,050,254	1,039,157
Commercial real estate non-owner occupied \| Special mention \| Total commercial real estate
Credit quality information
2023		7,809
2022	7,782
2021	9,363	14,134
2020	21,525	37,249
2019	27,946	15,246
Prior	20,597	17,108
Total loans	87,213	91,546
Commercial real estate non-owner occupied \| Substandard \| Total commercial real estate
Credit quality information
Prior	17,830	13,863
Total loans	17,830	13,863
Tax exempt
Credit quality information
2023	501	6,340
2022	2,832	8,468
2021	8,468	787
2020	724	208
2019	208	590
Prior	26,528	27,295
Total loans	39,261	43,688
Tax exempt \| Pass
Credit quality information
2023	501	6,340
2022	2,832	8,468
2021	8,468	787
2020	724	208
2019	208	590
Prior	26,528	27,295
Total loans	39,261	43,688
Commercial and industrial \| Total commercial and industrial
Credit quality information
2023	25,552	81,364
2022	79,873	70,942
2021	64,140	22,391
2020	18,422	39,709
2019	34,542	14,949
Prior	84,315	81,528
Total loans	306,844	310,883
Current period gross write-offs
2020	62
2019	3	5
Prior		659
Total	65	664
Commercial and industrial \| Pass
Credit quality information
2023		80,942
2022		69,402
2021		22,205
2020		38,824
2019		14,739
Prior		77,273
Total loans		303,385
Commercial and industrial \| Pass \| Total commercial and industrial
Credit quality information
2023	25,552
2022	79,412
2021	62,520
2020	18,175
2019	33,714
Prior	79,651
Total loans	299,024
Commercial and industrial \| Special mention \| Total commercial and industrial
Credit quality information
2023		364
2022	306	1,446
2021	1,419
2020	124	776
2019	704	28
Prior	3,442	3,588
Total loans	5,995	6,202
Commercial and industrial \| Substandard \| Total commercial and industrial
Credit quality information
2023		58
2022	155	94
2021	201	186
2020	123	109
2019	124	95
Prior	1,001	532
Total loans	1,604	1,074
Commercial and industrial \| Doubtful \| Total commercial and industrial
Credit quality information
2019		87
Prior	221	135
Total loans	221	222
Residential mortgages \| Residential real estate
Credit quality information
2023	7,076	72,395
2022	76,695	194,109
2021	187,342	165,475
2020	163,510	96,016
2019	94,344	62,882
Prior	404,944	349,457
Total loans	933,911	940,334
Current period gross write-offs
Prior		8
Total		8
Residential mortgages \| Performing \| Residential real estate
Credit quality information
2023	7,076	72,395
2022	76,695	194,109
2021	186,939	165,434
2020	162,848	96,016
2019	94,344	62,648
Prior	401,684	345,823
Total loans	929,586	936,425
Residential mortgages \| Nonperforming \| Residential real estate
Credit quality information
2021	403	41
2020	662
2019		234
Prior	3,260	3,634
Total loans	4,325	3,909
Home equity
Credit quality information
2023	2,620	15,582
2022	15,816	15,334
2021	15,200	7,873
2020	7,164	6,633
2019	6,138	4,800
Prior	39,941	37,461
Total loans	86,879	87,683
Current period gross write-offs
Prior		12
Total		12
Home equity \| Performing
Credit quality information
2023	2,620	15,582
2022	15,816	15,334
2021	15,200	7,873
2020	7,107	6,633
2019	6,138	4,800
Prior	39,038	36,652
Total loans	85,919	86,874
Home equity \| Nonperforming
Credit quality information
2020	57
Prior	903	809
Total loans	960	809
Other consumer
Credit quality information
2023		4,128
2022		1,787
2021		700
2020		302
2019		51
Prior		864
Total loans		7,832
Other consumer \| Consumer
Credit quality information
2023	1,913
2022	2,618
2021	1,476
2020	578
2019	217
Prior	827
Total loans	7,629
Current period gross write-offs
2022	4	52
2021	1	18
2020		5
Prior	40	214
Total	45	289
Other consumer \| Performing \| Consumer
Credit quality information
2023	1,913	4,128
2022	2,618	1,787
2021	1,476	696
2020	572	301
2019	212	51
Prior	827	864
Total loans	7,618	7,827
Other consumer \| Nonperforming \| Consumer
Credit quality information
2021		4
2020	6	1
2019	5
Total loans	$ 11	$ 5

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total loans	$ 3,011,672	$ 2,999,049
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	2,397	2,595
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	1,812	688
90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans	2,246	2,769
Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans	6,455	6,052
Current
Financing Receivable, Past Due [Line Items]
Total loans	3,005,217	2,992,997
Construction and land development \| Total commercial loans
Financing Receivable, Past Due [Line Items]
Total loans	158,270	154,048
Construction and land development \| Total commercial loans \| Current
Financing Receivable, Past Due [Line Items]
Total loans	158,270	154,048
Commercial real estate owner occupied \| Total commercial real estate
Financing Receivable, Past Due [Line Items]
Total loans	323,581	310,015
Commercial real estate owner occupied \| Total commercial real estate \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	262
Commercial real estate owner occupied \| Total commercial real estate \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	359
Commercial real estate owner occupied \| Total commercial real estate \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans	621
Commercial real estate owner occupied \| Total commercial real estate \| Current
Financing Receivable, Past Due [Line Items]
Total loans	322,960	310,015
Commercial real estate non-owner occupied \| Total commercial real estate
Financing Receivable, Past Due [Line Items]
Total loans	1,155,297	1,144,566
Commercial real estate non-owner occupied \| Total commercial real estate \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	217
Commercial real estate non-owner occupied \| Total commercial real estate \| 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans	94	103
Commercial real estate non-owner occupied \| Total commercial real estate \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans	311	103
Commercial real estate non-owner occupied \| Total commercial real estate \| Current
Financing Receivable, Past Due [Line Items]
Total loans	1,154,986	1,144,463
Tax exempt
Financing Receivable, Past Due [Line Items]
Total loans	39,261	43,688
Tax exempt \| Current
Financing Receivable, Past Due [Line Items]
Total loans	39,261	43,688
Commercial and industrial \| Total commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans	306,844	310,883
Commercial and industrial \| Total commercial and industrial \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	527	465
Commercial and industrial \| Total commercial and industrial \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	183	59
Commercial and industrial \| Total commercial and industrial \| 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans	1,010	330
Commercial and industrial \| Total commercial and industrial \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans	1,720	854
Commercial and industrial \| Total commercial and industrial \| Current
Financing Receivable, Past Due [Line Items]
Total loans	305,124	310,029
Residential mortgages \| Total residential real estate
Financing Receivable, Past Due [Line Items]
Total loans	933,911	940,334
Residential mortgages \| Total residential real estate \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	1,138	1,520
Residential mortgages \| Total residential real estate \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	1,112	627
Residential mortgages \| Total residential real estate \| 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans	787	1,999
Residential mortgages \| Total residential real estate \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans	3,037	4,146
Residential mortgages \| Total residential real estate \| Current
Financing Receivable, Past Due [Line Items]
Total loans	930,874	936,188
Home equity
Financing Receivable, Past Due [Line Items]
Total loans	86,879	87,683
Home equity \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	187	600
Home equity \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	150
Home equity \| 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans	348	337
Home equity \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans	685	937
Home equity \| Current
Financing Receivable, Past Due [Line Items]
Total loans	86,194	86,746
Other consumer
Financing Receivable, Past Due [Line Items]
Total loans		7,832
Other consumer \| Total consumer
Financing Receivable, Past Due [Line Items]
Total loans	7,629	7,832
Other consumer \| Total consumer \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	66	10
Other consumer \| Total consumer \| 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total loans	8	2
Other consumer \| Total consumer \| 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Total loans	7
Other consumer \| Total consumer \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total loans	81	12
Other consumer \| Total consumer \| Current
Financing Receivable, Past Due [Line Items]
Total loans	$ 7,548	$ 7,820

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Non-accrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Non-accrual loans
Nonaccrual	$ 6,870	$ 5,528
Nonaccrual With No Related Allowance	1,445	1,406
Nonaccrual, Past Due 90 days and Accruing		140
Commercial real estate owner occupied \| Total commercial real estate
Non-accrual loans
Nonaccrual	95	103
Nonaccrual With No Related Allowance		44
Commercial real estate non-owner occupied \| Total commercial real estate
Non-accrual loans
Nonaccrual	327	340
Nonaccrual With No Related Allowance	201	224
Commercial and industrial \| Total commercial and industrial
Non-accrual loans
Nonaccrual	1,152	363
Nonaccrual With No Related Allowance	516	6
Residential mortgages \| Total residential real estate
Non-accrual loans
Nonaccrual	4,325	3,908
Nonaccrual With No Related Allowance	726	1,131
Nonaccrual, Past Due 90 days and Accruing		118
Home equity
Non-accrual loans
Nonaccrual	960	809
Nonaccrual With No Related Allowance	1	1
Nonaccrual, Past Due 90 days and Accruing		22
Other consumer \| Total consumer
Non-accrual loans
Nonaccrual	11	$ 5
Nonaccrual With No Related Allowance	$ 1

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Amortized Cost Basis of Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Allowance for loan losses
Total loans	$ 3,011,672	$ 2,999,049
Real Estate
Allowance for loan losses
Total loans	6,737	5,394
Other Collateral Loans
Allowance for loan losses
Total loans	133	134
Construction and land development \| Total commercial loans
Allowance for loan losses
Total loans	158,270	154,048
Commercial real estate owner occupied \| Total commercial real estate
Allowance for loan losses
Total loans	323,581	310,015
Commercial real estate owner occupied \| Total commercial real estate \| Real Estate
Allowance for loan losses
Total loans	95	104
Commercial real estate non-owner occupied \| Total commercial real estate
Allowance for loan losses
Total loans	1,155,297	1,144,566
Commercial real estate non-owner occupied \| Total commercial real estate \| Real Estate
Allowance for loan losses
Total loans	327	340
Tax exempt
Allowance for loan losses
Total loans	39,261	43,688
Commercial and industrial \| Total commercial and industrial
Allowance for loan losses
Total loans	306,844	310,883
Commercial and industrial \| Total commercial and industrial \| Real Estate
Allowance for loan losses
Total loans	1,019	229
Commercial and industrial \| Total commercial and industrial \| Other Collateral Loans
Allowance for loan losses
Total loans	133	134
Residential mortgages \| Total residential real estate
Allowance for loan losses
Total loans	933,911	940,334
Residential mortgages \| Total residential real estate \| Real Estate
Allowance for loan losses
Total loans	4,325	3,908
Home equity
Allowance for loan losses
Total loans	86,879	87,683
Home equity \| Real Estate
Allowance for loan losses
Total loans	960	808
Other consumer
Allowance for loan losses
Total loans		7,832
Other consumer \| Total consumer
Allowance for loan losses
Total loans	7,629	7,832
Other consumer \| Total consumer \| Real Estate
Allowance for loan losses
Total loans	$ 11	$ 5

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - TDR, Recorded Investment and Number of Modifications (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2023 item	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Modifications \| item		0
Total residential real estate \| Residential mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loans collateralized by real estate property in the process of foreclosure \| $	$ 0		$ 430

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Mortgage Banking (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 3,137		$ 2,189
Loans held for sale, unpaid principal balance	3,100		2,200
Forward delivery commitments			$ 5,000
Residential mortgages \| Total residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forward delivery commitments	6,000
Sale of loans	8,400	$ 691
Net (losses) gains on sales of loans	$ (31)	$ 8

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Loan Modifications (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2023 item
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of Total Class of Loans	0%
Weighted-Average Months of Term Extension	64 months
Number of Modifications \| item		0
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Months of Term Extension	64 months
Total residential real estate \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
% of Total Class of Loans	0%
Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loan modifications	$ 33
Term Extension \| Total residential real estate \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loan modifications	$ 33

BORROWED FUNDS - Summary of Bor

BORROWED FUNDS - Summary of Borrowed Funds (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Short-term borrowings
Carrying Value	$ 269,161	$ 270,765
Weighted Average Rate	3%	2.88%
Long-term borrowings
Carrying Value	$ 60,777	$ 60,740
Weighted Average Rate	6.23%	6.21%
Total borrowings	$ 329,938	$ 331,505
Weighted Average Rate	3.34%	3.24%
Advances from the FHLB
Short-term borrowings
Carrying Value	$ 196,000	$ 232,300
Weighted Average Rate	5.44%	5.46%
Long-term borrowings
Carrying Value	$ 276	$ 279
Weighted Average Rate	4.42%	4.39%
Advances from the FRB BTFP
Short-term borrowings
Carrying Value	$ 65,000	$ 30,000
Weighted Average Rate	4.79%	4.90%
Other borrowings
Short-term borrowings
Carrying Value	$ 8,161	$ 8,465
Weighted Average Rate	0.14%	0.13%
Subordinated borrowings
Long-term borrowings
Carrying Value	$ 60,501	$ 60,461
Weighted Average Rate	6.24%	6.22%

BORROWED FUNDS - Additional Inf

BORROWED FUNDS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Outstanding advances of BTFP	$ 269,161	$ 270,765
Outstanding amount	60,777	60,740
Financial Guarantee \| NHTB Capital Trust II and NHTB Capital Trust III
Debt Instrument [Line Items]
Debentures issued by variable interest entities	$ 20,600
SOFR \| Financial Guarantee
Debt Instrument [Line Items]
Interest rate margin	2.79%
Callable Advances
Debt Instrument [Line Items]
Outstanding amount		0
Amortizing Advances
Debt Instrument [Line Items]
Outstanding amount		279
FHLB advances
Debt Instrument [Line Items]
Outstanding amount	$ 276
Advances from the FHLB
Debt Instrument [Line Items]
Short-term FHLB variable rate	0%
Outstanding advances of BTFP	$ 196,000	232,300
Outstanding amount	$ 276	279
Long-term FHLB variable rate	0%
Credit Facility, Secured, FHLB
Debt Instrument [Line Items]
Line of credit maintained	$ 1,000
Line of credit outstanding	$ 0	0
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Fixed interest rate	4.76%
Outstanding advances of BTFP	$ 65,000	30,000
Existing Advance
Debt Instrument [Line Items]
Fixed interest rate	4.85%
Prepaid existing advance	$ 30,000
New Advance
Debt Instrument [Line Items]
Fixed interest rate	4.76%
New advance	$ 65,000
Credit Facility, Secured, FRB
Debt Instrument [Line Items]
Line of credit maintained	155,900	156,600
Credit Facility, Unsecured, Federal Funds
Debt Instrument [Line Items]
Line of credit maintained	50,000	50,000
Line of credit outstanding	$ 0	$ 0

BORROWED FUNDS - Maturities of

BORROWED FUNDS - Maturities of FHLB Advances (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Amount
2024	$ 196,000
Thereafter	276
Total FHLB advances	$ 196,276
Weighted Average Rate
2024	5.44%
Thereafter	4.42%
Total FHLB advances	5.44%

BORROWED FUNDS - Subordinated a

BORROWED FUNDS - Subordinated and Junior Subordinated Borrowings (Details) - Subordinated borrowings private placement - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Nov. 26, 2019	Nov. 19, 2019
Debt Instrument [Line Items]
Principal amount of debt issued				$ 40,000
Fixed interest rate			4.63%
Debt issuance costs	$ 119	$ 158
SOFR
Debt Instrument [Line Items]
Interest rate margin	3.27%

BORROWED FUNDS - Repurchase Agr

BORROWED FUNDS - Repurchase Agreements (Details) - Customer Repurchase Agreements - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total secured borrowings	$ 8,161	$ 8,465
US Government sponsored enterprises
Debt Instrument [Line Items]
Total secured borrowings	$ 8,161	$ 8,465

DEPOSITS - Components (Details)

DEPOSITS - Components (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
DEPOSITS.
Time less than $100,000	$ 445,450	$ 381,902
Time $100,000 through $250,000	173,118	163,933
Time $250,000 or more	158,640	154,425
Total	$ 777,208	$ 700,260

DEPOSITS - Maturities, Brokered

DEPOSITS - Maturities, Brokered, Reciprocal (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Time Deposits, Fiscal Year Maturity [Abstract]
Within 1 year	$ 750,747	$ 670,961
Within 1 year	15,827	17,000
Over 1 year to 2 years	5,830	6,932
Over 2 years to 3 years	3,377	3,434
Over 3 years to 4 years	1,299	1,795
Over 4 years to 5 years	128	138
Total	777,208	700,260
Brokered deposits	275,000	219,600
Reciprocal deposits	$ 49,300	$ 43,300

CAPITAL RATIOS AND SHAREHOLDE_3

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY - Actual and Required Capital Ratios (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Actual
Total capital to risk-weighted assets	$ 456,781	$ 450,160
Common equity tier 1 capital to risk-weighted assets	364,168	357,574
Tier 1 capital to risk-weighted assets	384,788	378,194
Tier 1 capital to average assets	$ 384,788	$ 378,194
Total capital to risk-weighted assets, ratio	0.1436	0.1424
Common equity tier 1 capital to risk-weighted assets, ratio	0.1145	0.1131
Tier 1 capital to risk-weighted assets, ratio	0.1210	0.1196
Tier 1 capital to average assets (leverage ratio)	0.0992	0.0970
Minimum Regulatory Capital Requirements
Total capital to risk-weighted assets	$ 254,393	$ 252,888
Common equity tier 1 capital to risk-weighted assets	143,097	142,249
Tier 1 capital to risk-weighted assets	190,795	189,666
Tier 1 capital to average assets	$ 155,105	$ 156,022
Minimum regulatory capital requirements, Total capital to risk-weighted assets, ratio	0.0800	0.0800
Minimum regulatory capital requirements, Common equity tier 1 capital to risk-weighted assets, ratio	4.50%	4.50%
Minimum regulatory capital requirements, Tier 1 capital to risk-weighted assets, ratio	0.0600	0.0600
Minimum regulatory capital requirements, Tier 1 capital to average assets, (leverage ratio)	0.0400	0.0400
Bank
Actual
Total capital to risk-weighted assets	$ 447,860	$ 441,278
Common equity tier 1 capital to risk-weighted assets	415,867	409,312
Tier 1 capital to risk-weighted assets	415,867	409,312
Tier 1 capital to average assets	$ 415,867	$ 409,312
Total capital to risk-weighted assets, ratio	0.1410	0.1397
Common equity tier 1 capital to risk-weighted assets, ratio	0.1309	0.1296
Tier 1 capital to risk-weighted assets, ratio	0.1309	0.1296
Tier 1 capital to average assets (leverage ratio)	0.1073	0.1050
Minimum Regulatory Capital Requirements
Total capital to risk-weighted assets	$ 254,134	$ 252,642
Common equity tier 1 capital to risk-weighted assets	142,950	142,111
Tier 1 capital to risk-weighted assets	190,600	189,482
Tier 1 capital to average assets	$ 154,978	$ 155,908
Minimum regulatory capital requirements, Total capital to risk-weighted assets, ratio	0.0800	0.0800
Minimum regulatory capital requirements, Common equity tier 1 capital to risk-weighted assets, ratio	4.50%	4.50%
Minimum regulatory capital requirements, Tier 1 capital to risk-weighted assets, ratio	0.0600	0.0600
Minimum regulatory capital requirements, Tier 1 capital to average assets, (leverage ratio)	0.0400	0.0400

CAPITAL RATIOS AND SHAREHOLDE_4

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY - Components of AOCLI (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (52,568)	$ (49,862)
Net unrealized gain (loss) on AFS securities:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, before tax:	(64,948)	(62,351)
Income taxes related to items of accumulated other comprehensive loss:	15,315	14,702
Accumulated other comprehensive loss	(49,633)	(47,649)	$ (50,646)	$ (55,246)
Net unrealized gain (loss) on hedging derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, before tax:	(2,259)	(1,322)
Income taxes related to items of accumulated other comprehensive loss:	533	312
Accumulated other comprehensive loss	(1,726)	(1,010)	(1,205)	(1,794)
Net unrealized gain (loss) on post-retirement plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, before tax:	(1,518)	(1,540)
Income taxes related to items of accumulated other comprehensive loss:	309	337
Accumulated other comprehensive loss	$ (1,209)	$ (1,203)	$ (1,300)	$ (1,300)

CAPITAL RATIOS AND SHAREHOLDE_5

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY - Components of OCIL (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net unrealized loss arising during the period
Before Tax	$ (717)	$ 589
Other comprehensive (loss) income
Before Tax	(3,512)	6,773
Tax Effect	806	(1,584)
Total other comprehensive (loss) income	(2,706)	5,189
Net unrealized gain (loss) on AFS securities:
Net unrealized loss arising during the period
Before Tax	(2,597)	6,040
Tax Effect	613	(1,414)
Net of Tax	(1,984)	4,626
Less: reclassification adjustment for gains (losses) realized in net income
Before Tax		34
Tax Effect		(8)
Net of Tax		26
Other comprehensive (loss) income
Before Tax	(2,597)	6,006
Tax Effect	613	(1,406)
Total other comprehensive (loss) income	(1,984)	4,600
Net unrealized gain (loss) on hedging derivatives
Net unrealized loss arising during the period
Before Tax	(937)	767
Tax Effect	221	(178)
Net of Tax	(716)	589
Other comprehensive (loss) income
Before Tax	(937)	767
Tax Effect	221	(178)
Total other comprehensive (loss) income	(716)	$ 589
Net unrealized gain (loss) on post-retirement plans
Net unrealized loss arising during the period
Before Tax	22
Tax Effect	(28)
Net of Tax	(6)
Other comprehensive (loss) income
Before Tax	22
Tax Effect	(28)
Total other comprehensive (loss) income	$ (6)

CAPITAL RATIOS AND SHAREHOLDE_6

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY - Changes in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning accumulated other comprehensive income	$ (49,862)
Total other comprehensive (loss) income	(2,706)	$ 5,189
Ending accumulated other comprehensive income	(52,568)
Net unrealized gain (loss) on AFS securities:
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning accumulated other comprehensive income	(47,649)	(55,246)
Other comprehensive gain (loss) before reclassifications	(1,984)	4,626
Less: amounts reclassified from accumulated other comprehensive income		26
Total other comprehensive (loss) income	(1,984)	4,600
Ending accumulated other comprehensive income	(49,633)	(50,646)
Net gain (loss) on effective cash flow hedging derivatives
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning accumulated other comprehensive income	(1,010)	(1,794)
Other comprehensive gain (loss) before reclassifications	(716)	589
Total other comprehensive (loss) income	(716)	589
Ending accumulated other comprehensive income	(1,726)	(1,205)
Net unrealized gain (loss) on post-retirement plans
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning accumulated other comprehensive income	(1,203)	(1,300)
Other comprehensive gain (loss) before reclassifications	(6)
Total other comprehensive (loss) income	(6)
Ending accumulated other comprehensive income	(1,209)	(1,300)
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning accumulated other comprehensive income	(49,862)	(58,340)
Other comprehensive gain (loss) before reclassifications	(2,706)	5,215
Less: amounts reclassified from accumulated other comprehensive income		26
Total other comprehensive (loss) income	(2,706)	5,189
Ending accumulated other comprehensive income	$ (52,568)	$ (53,151)

CAPITAL RATIOS AND SHAREHOLDE_7

CAPITAL RATIOS AND SHAREHOLDERS' EQUITY - Amounts Reclassified Out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income	$ 8,586	$ 9,184
Non-interest expense	23,688	22,704
Tax expense	$ (2,569)	(3,576)
Reclassification out of AOCI \| Available-for-sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-interest income		34
Tax expense		(8)
Net of tax		$ 26

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
EARNINGS PER SHARE
Net Income (Loss)	$ 10,095	$ 13,012
Average number of basic common shares outstanding (in shares)	15,198,337	15,109,847
Plus: dilutive effect of stock options and awards outstanding (in shares)	71,496	80,242
Average number of diluted common shares outstanding (in shares)	15,269,833	15,190,089
Earnings per share:
Basic (in dollars per share)	$ 0.66	$ 0.86
Diluted (in dollars per share)	$ 0.66	$ 0.86

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Apr. 30, 2020	Dec. 31, 2019	Nov. 30, 2019
Derivative [Line Items]
Notional Amount	$ 811,973	$ 824,393
Fair Value Asset (Liability)	3,204	3,231
Designated as hedging instrument \| Cash flow hedges
Derivative [Line Items]
Notional Amount	125,000	125,000
Fair Value Asset (Liability)	(1,243)	(656)
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on wholesale funding
Derivative [Line Items]
Notional Amount	$ 75,000	$ 75,000	$ 25,000		$ 50,000
Weighted Average Maturity (in years)	9 months 18 days	1 year
Fair Value Asset (Liability)	$ 2,361	$ 2,803
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on variable rate loans
Derivative [Line Items]
Notional Amount	$ 50,000	$ 50,000
Weighted Average Maturity (in years)	2 years	2 years 2 months 12 days
Fair Value Asset (Liability)	$ (3,604)	$ (3,459)
Designated as hedging instrument \| Fair Value Hedging
Derivative [Line Items]
Notional Amount	37,190	37,190
Fair Value Asset (Liability)	4,407	3,844
Designated as hedging instrument \| Fair Value Hedging \| Interest rate swap on deposits
Derivative [Line Items]
Notional Amount	$ 37,190	$ 37,190		$ 37,200
Weighted Average Maturity (in years)	5 years 3 months 18 days	5 years 7 months 6 days
Fair Value Asset (Liability)	$ 4,407	$ 3,844
Carrying Amount of Hedged Assets	31,767	32,680
Cumulative Amount of Fair Value Hedging Adjustment in Carrying Amount	(5,423)	(4,510)
Designated as hedging instrument \| Economic hedges
Derivative [Line Items]
Notional Amount	646,386	659,050
Fair Value Asset (Liability)	(16)	(20)
Designated as hedging instrument \| Economic hedges \| Forward sale commitments
Derivative [Line Items]
Notional Amount	$ 6,000	5,000
Weighted Average Maturity (in years)	1 month 6 days
Fair Value Asset (Liability)	$ (16)	(20)
Designated as hedging instrument \| Economic hedges \| Customer loan derivative liability \| MNA counterparty
Derivative [Line Items]
Notional Amount	$ 177,994	$ 184,826
Weighted Average Maturity (in years)	4 years 10 months 24 days	5 years
Fair Value Asset (Liability)	$ (17,037)	$ (14,842)
Designated as hedging instrument \| Economic hedges \| Customer loan derivative liability \| RPA counterparty
Derivative [Line Items]
Notional Amount	$ 142,199	$ 142,199
Weighted Average Maturity (in years)	4 years 8 months 12 days	4 years 10 months 24 days
Fair Value Asset (Liability)		$ (286)
Designated as hedging instrument \| Economic hedges \| Customer loan derivative asset \| Customer
Derivative [Line Items]
Notional Amount	$ 320,193	$ 327,025
Weighted Average Maturity (in years)	4 years 9 months 18 days	4 years 10 months 24 days
Fair Value Asset (Liability)	$ 17,037	$ 15,128
Not designated as hedging instrument
Derivative [Line Items]
Notional Amount	3,397	3,153
Fair Value Asset (Liability)	56	63
Not designated as hedging instrument \| Interest Rate Lock Commitment
Derivative [Line Items]
Notional Amount	$ 3,397	$ 3,153
Weighted Average Maturity (in years)	4 months 24 days	1 month 6 days
Fair Value Asset (Liability)	$ 56	$ 63

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Amount of Gain (Loss) recognized in Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income	$ (717)	$ 589
Amount of Gain (Loss) Recognized in Income	609	492
Designated as hedging instrument \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income	(449)	(18)
Amount of Gain (Loss) Recognized in Income	242	198
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on wholesale funding
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income	(338)	(610)
Amount of Gain (Loss) Recognized in Income	827	664
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on variable rate loans
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income	(111)	592
Amount of Gain (Loss) Recognized in Income	(585)	(466)
Designated as hedging instrument \| Fair Value Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income	(268)	607
Amount of Gain (Loss) Recognized in Income	370	286
Designated as hedging instrument \| Fair Value Hedging \| Interest rate swap on deposits
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income	(268)	607
Amount of Gain (Loss) Recognized in Income	370	286
Designated as hedging instrument \| Economic hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	4
Designated as hedging instrument \| Economic hedges \| Forward sale commitments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	4
Not designated as hedging instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	(7)	8
Not designated as hedging instrument \| Interest Rate Lock Commitment
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ (7)	$ 8

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Effect of cash flow hedging and fair value (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Loans
Derivative Instruments, Gain (Loss) [Line Items]
Income and expense line items presented in the consolidated statements of income	$ 39,470	$ 34,560
Securities and other
Derivative Instruments, Gain (Loss) [Line Items]
Income and expense line items presented in the consolidated statements of income	6,353	5,791
Deposits
Derivative Instruments, Gain (Loss) [Line Items]
Income and expense line items presented in the consolidated statements of income	14,532	5,265
Borrowings
Derivative Instruments, Gain (Loss) [Line Items]
Income and expense line items presented in the consolidated statements of income	3,236	4,180
Non-interest Income
Derivative Instruments, Gain (Loss) [Line Items]
Income and expense line items presented in the consolidated statements of income	8,586	9,184
Interest rate swap on wholesale funding \| Cash flow hedges \| Borrowings
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on cash flow hedges:	827	664
Interest rate swap on variable rate loans \| Cash flow hedges \| Loans
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on cash flow hedges:	(585)	(466)
Interest rate swap on securities \| Fair Value Hedging \| Securities and other
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on fair value hedges:	$ 370	$ 286

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Consolidated statements of income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ 609	$ 492
Designated as hedging instrument \| Economic hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	4
Designated as hedging instrument \| Economic hedges \| Forward sale commitments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	4
Not designated as hedging instrument
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	(7)	8
Not designated as hedging instrument \| Interest Rate Lock Commitment
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ (7)	$ 8

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Additional information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($)	Apr. 30, 2020 USD ($)	Dec. 31, 2019 USD ($) item	Nov. 30, 2019 USD ($)
Derivative [Line Items]
Notional amount of interest rate swap	$ 811,973	$ 824,393
Designated as hedging instrument \| Cash flow hedges
Derivative [Line Items]
Notional amount of interest rate swap	125,000	125,000
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on variable rate loans
Derivative [Line Items]
Variable rate loan assets	50,000
Notional amount of interest rate swap	$ 50,000	50,000
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on variable rate loans \| London Interbank Offered Rate Less Two Days
Derivative [Line Items]
Variable interest rate	0.806%
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on variable rate loans \| SOFR
Derivative [Line Items]
Interest rate margin	0.11%
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on wholesale funding
Derivative [Line Items]
Number of instruments \| item	2
Term of interest rate swap	5 years
Fixed rate of interest rate swap			0.59%		1.53%
Notional amount of interest rate swap	$ 75,000	75,000	$ 25,000		$ 50,000
Designated as hedging instrument \| Cash flow hedges \| Interest rate swap on wholesale funding \| SOFR
Derivative [Line Items]
Interest rate margin	0.26%
Designated as hedging instrument \| Fair Value Hedging
Derivative [Line Items]
Notional amount of interest rate swap	$ 37,190	37,190
Designated as hedging instrument \| Fair Value Hedging \| Interest rate swap on deposits
Derivative [Line Items]
Number of instruments \| item				8
Notional amount of interest rate swap	$ 37,190	$ 37,190		$ 37,200
Fixed interest rate, weighted average				1.70%

DERIVATIVE FINANCIAL INSTRUME_8

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Offsetting Assets and Liabilities (Details) - Designated as hedging instrument - Economic hedges - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Net Amount
MNA counterparty
Derivative [Line Items]
Net Amount
RPA counterparty
Derivative [Line Items]
Net Amount
Customer loan derivative liability
Derivative [Line Items]
Derivative Liabilities	(17,037)	(15,128)
Customer loan derivative liability \| MNA counterparty
Derivative [Line Items]
Derivative Liabilities	(17,037)	(14,842)
Customer loan derivative liability \| RPA counterparty
Derivative [Line Items]
Derivative Liabilities		(286)
Customer loan derivative asset
Derivative [Line Items]
Derivative Assets	17,037	15,128
Customer loan derivative asset \| MNA counterparty
Derivative [Line Items]
Derivative Assets	$ 17,037	14,842
Customer loan derivative asset \| RPA counterparty
Derivative [Line Items]
Derivative Assets		$ 286

FAIR VALUE MEASUREMENTS - Measu

FAIR VALUE MEASUREMENTS - Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 527,603	$ 534,574
Obligations of states and political subdivisions thereof
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	108,106	110,168
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	96,772	95,868
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	3,137	2,189
Derivative assets	23,861	21,838
Derivative Liabilities	(20,657)	(18,607)
Recurring \| Obligations of US Government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,687	1,992
Recurring \| US Government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available for sale	185,824	193,282
Recurring \| US Government agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available for sale	76,182	74,213
Recurring \| Private label
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available for sale	59,032	59,051
Recurring \| Obligations of states and political subdivisions thereof
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	108,106	110,168
Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	96,772	95,868
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0
Derivative Liabilities	0
Recurring \| Level 1 \| US Government agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available for sale	0
Recurring \| Level 1 \| Obligations of states and political subdivisions thereof
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Recurring \| Level 1 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	3,137	2,189
Derivative assets	23,805	21,775
Derivative Liabilities	(20,641)	(18,587)
Recurring \| Level 2 \| Obligations of US Government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,687	1,992
Recurring \| Level 2 \| US Government-sponsored enterprises
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available for sale	185,824	193,282
Recurring \| Level 2 \| US Government agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available for sale	76,182	74,213
Recurring \| Level 2 \| Private label
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available for sale	59,032	59,051
Recurring \| Level 2 \| Obligations of states and political subdivisions thereof
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	108,106	110,168
Recurring \| Level 2 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	96,772	95,868
Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	56	63
Derivative Liabilities	(16)	$ (20)
Recurring \| Level 3 \| US Government agency
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities available for sale	0
Recurring \| Level 3 \| Obligations of states and political subdivisions thereof
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Recurring \| Level 3 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0

FAIR VALUE MEASUREMENTS - Chang

FAIR VALUE MEASUREMENTS - Changes in Level 3 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation
Fair Value, Recurring Basis, Unobservable Input Reconciliation, Net Derivative Asset (Liability), Gain (Loss), Statement of Income [Extensible List]	Noninterest Income	Noninterest Income
Interest Rate Lock Commitment
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation
Beginning balance	$ 63
Realized gain (loss) recognized in non-interest income	(7)	$ 8
Ending balance	56	8
Forward Commitments
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation
Beginning balance	(20)	0
Realized gain (loss) recognized in non-interest income	4	0
Ending balance	$ (16)	$ 0

FAIR VALUE MEASUREMENTS - Unobs

FAIR VALUE MEASUREMENTS - Unobservable Inputs Recurring (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Derivative asset (liability), fair value	$ 3,204,000	$ 3,231,000
Fair value asset level 1 to level 2	0	0
Fair value asset level 2 to level 1	0	0
Recurring \| Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Total	40,000	$ 43,000
Recurring \| Level 3 \| Forward Commitments \| Quoted prices for similar loans in active markets \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Derivative asset (liability) net, measurement input		1.033
Recurring \| Level 3 \| Interest Rate Lock Commitment \| Pull-through Rate Analysis
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Derivative asset (liability), fair value	$ 56,000	$ 63,000
Closing Ratio	95%	95%
Recurring \| Level 3 \| Interest Rate Lock Commitment \| Pricing Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Origination Costs, per loan	$ 1,700	$ 1,700
Recurring \| Level 3 \| Interest Rate Lock Commitment \| Discount Cash Flows
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Derivative asset (liability) net, measurement input	0.010	0.010
Recurring \| Level 3 \| Forward Commitments \| Quoted prices for similar loans in active markets
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Derivative asset (liability), fair value	$ (16,000)	$ (20,000)
Recurring \| Level 3 \| Forward Commitments \| Quoted prices for similar loans in active markets \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Derivative asset (liability) net, measurement input	0.993	1.009
Recurring \| Level 3 \| Forward Commitments \| Quoted prices for similar loans in active markets \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Derivative asset (liability) net, measurement input	1.028

FAIR VALUE MEASUREMENTS - Mea_2

FAIR VALUE MEASUREMENTS - Measured on Non-recurring Basis (Details) - Non-recurring - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Assets
Liabilities measured at fair value		$ 0	$ 0
Level 3
Assets
Individually evaluated loans	$ 2,911,000	3,500,000
Capitalized servicing rights	6,991,000	6,764,000
Premises held for sale	1,154,000	1,154,000
Total	11,056,000	11,418,000
Total Gains (Losses)	(362,000)
Level 3 \| Impaired loans
Assets
Total Gains (Losses)	(589,000)
Level 3 \| Capitalized servicing rights
Assets
Total Gains (Losses)	227,000
Level 3 \| Assets held for sale
Assets
Premises held for sale	1,154,000	$ 1,154,000
Total Gains (Losses)	$ 0

FAIR VALUE MEASUREMENTS - Uno_2

FAIR VALUE MEASUREMENTS - Unobservable Inputs Non-recurring (Details) - Non-recurring - Level 3 - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Individually evaluated loans	$ 2,911	$ 3,500
Capitalized servicing rights	6,991	6,764
Premises held for sale	1,154	1,154
Total	11,056	11,418
Quoted prices for similar loans in active markets
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Individually evaluated loans	2,254	2,437
Discount Cash Flows
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Individually evaluated loans	$ 657	$ 1,063
Impaired loans \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Loss severity	0%	10%
Appraised value	$ 215	$ 80
Cash flows	$ 320	$ 2
Discount rate	3.25%	3.25%
Impaired loans \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Loss severity	40%	43%
Appraised value	$ 916	$ 965
Cash flows	$ 513	$ 520
Discount rate	4.99%	7.13%
Capitalized servicing rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Constant prepayment rate	6.87%	7.20%
Discount rate	10.06%	10.06%
Assets held for sale
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Premises held for sale	$ 1,154	$ 1,154
Selling Costs	6%	6%
Assets held for sale \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items}
Appraised value	$ 1,223	$ 1,223

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Values and Carrying Amounts (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial Assets
Securities available for sale	$ 527,603	$ 534,574
Financial Liabilities
Time deposits	777,208	700,260
Carrying Amount
Financial Assets
Cash and cash equivalents	76,219	94,842
Securities available for sale	527,603	534,574
FHLB stock	9,960	14,834
Loans held for sale	3,137	2,189
Net loans	2,983,317	2,970,907
Accrued interest receivable	5,317	4,921
Cash surrender value of bank-owned life insurance policies	80,642	80,037
Derivative assets	23,861	21,838
Financial Liabilities
Non-maturity deposits	2,349,868	2,482,012
Time deposits	777,208	658,482
Securities sold under agreements to repurchase	8,161	8,465
FRB advances	65,000	30,000
FHLB advances	196,276	232,579
Subordinated borrowings	60,501	60,422
Derivative liabilities	20,657	15,607
Fair Value
Financial Assets
Cash and cash equivalents	76,219	94,842
Securities available for sale	527,603	534,574
FHLB stock	9,960	14,834
Loans held for sale	3,137	2,189
Net loans	2,844,033	2,832,173
Accrued interest receivable	5,317	4,921
Cash surrender value of bank-owned life insurance policies	80,642	80,037
Derivative assets	23,861	21,838
Financial Liabilities
Non-maturity deposits	2,177,428	2,325,307
Time deposits	769,302	651,855
Securities sold under agreements to repurchase	8,161	8,465
FRB advances	65,000	30,000
FHLB advances	196,159	232,375
Subordinated borrowings	67,691	67,635
Derivative liabilities	20,657	15,607
Fair Value \| Level 1
Financial Assets
Cash and cash equivalents	76,219	94,842
Fair Value \| Level 2
Financial Assets
Securities available for sale	527,603	534,574
FHLB stock	9,960	14,834
Loans held for sale	3,137	2,189
Accrued interest receivable	5,317	4,921
Cash surrender value of bank-owned life insurance policies	80,642	80,037
Derivative assets	23,805	21,775
Financial Liabilities
Non-maturity deposits	2,177,428	2,325,307
Time deposits	769,302	651,855
Securities sold under agreements to repurchase	8,161	8,465
FRB advances	65,000	30,000
FHLB advances	196,159	232,375
Subordinated borrowings	67,691	67,635
Derivative liabilities	20,641	15,587
Fair Value \| Level 3
Financial Assets
Net loans	2,844,033	2,832,173
Derivative assets	56	63
Financial Liabilities
Derivative liabilities	$ 16	$ 20

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total non-interest income	$ 8,586	$ 9,184
Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	7,380	7,232
Not within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	1,206	1,952
Products and services transferred at a point in time \| Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	3,926	3,950
Products and services transferred over time \| Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	3,454	3,282
Non-interest Income \| Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	7,380	7,232
Trust management fees \| Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	3,243	3,091
Financial services fees \| Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	427	464
Interchange fees \| Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	1,970	2,010
Customer deposit fees \| Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	1,502	1,429
Other customer service fees \| Within the scope of ASC 606
Disaggregation of Revenue [Line Items]
Total non-interest income	$ 238	$ 238

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Balances from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Balances from contracts with customers only:
Other Assets	$ 1,107	$ 1,178
Other Liabilities	$ 1,720	$ 1,769
Revenue, Practical Expedient, Incremental Cost of Obtaining Contract [true false]	true

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 10,095	$ 13,012

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 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