ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

ACCOUNTING POLICIES [Abstract]

Impact of Adoption of this ASU

The impact of the adoption of this ASU follows:

	As Reported Under ASU 2016-13			Pre-ASU 2016-13 Adoption			Impact of ASU 2016-13
				(In thousands)
Assets
Loans
Commercial	$	1,242,510		$	1,242,415		$	95
Mortgage		1,015,944			1,015,926			18
Installment		475,358			475,337			21
Total loans		2,733,812			2,733,678			134
Allowance for credit losses		(47,137	)		(35,429	)		(11,708	)
Net loans	$	2,686,675		$	2,698,249		$	(11,574	)
Deferred tax assets (1)	$	3,015		$	275		$	2,740
Total Assets	$	4,195,179		$	4,204,013		$	(8,834	)
Liabilities and shareholders’ equity
Allowance for credit losses on unfunded lending commitments (2)	$	3,274		$	1,805		$	1,469
Total liabilities	$	3,815,960		$	3,814,491		$	1,469
Retained earnings	$	29,842		$	40,145		$	(10,303	)
Total shareholders’ equity	$	379,219		$	389,522		$	(10,303	)
Total liabilities and shareholders’ equity	$	4,195,179		$	4,204,013		$	(8,834	)

(1) Included in Accrued income and other assets in our Consolidated Statements of Financial Condition.

(2) Included in Accrued expenses and other liabilities in our Consolidated Statements of Financial Condition.