BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds at December 31, 2023 and 2022 are summarized, as follows:

	2023				2022
(in thousands, except rates)	Principal		Weighted Average Rate		Principal		Weighted Average Rate
Short-term borrowings:
Advances from the FHLBB	$	260,000	5.54	%	$	—	—	%
Total short-term borrowings:	260,000		5.54		—		—
Long-term borrowings:
Advances from the FHLBB	125,223		4.80		4,445		0.71
Subordinated notes	98,335		5.50		98,089		5.50
Junior subordinated borrowing - Trust I	15,464		7.49		15,464		6.54
Junior subordinated borrowing - Trust II	7,564		7.35		7,511		6.47
Total long-term borrowings:	246,586		5.33		125,509		5.52
Total	$	506,586	5.44	%	$	125,509	5.52	%

Schedule of Maturities of FHLBB Advances

A summary of maturities of FHLBB advances at year-end 2023 is as follows:

	2023
(In thousands)	Amount		Weighted Average Rate
Fixed rate advances maturing:
2024	$	290,010	5.48	%
2025	90,000		5.01
2026	521		2.20
2027	158		2.00
2028 and beyond	4,534		0.34
Total FHLBB advances	$	385,223	5.30	%