DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2024

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]

Schedule of Derivative Instruments [Table Text Block]

As of March 31, 2024 and December 31, 2023, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk:

Notional Value of Interest Rate Derivatives	March 31, 2024		December 31, 2023
	(In thousands)
Interest Rate Swap	$	100,000	100,000
Interest Rate Swap	100,000		100,000
Interest Rate Swap	50,000		50,000
Interest Rate Swap	100,000		100,000
Interest Rate Swap	75,000		75,000
Interest Rate Swap	50,000		50,000
Interest Rate Swap	100,000		100,000

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023. See Note 18 for additional information on the fair value of the Company’s interest rate swaps.

	Derivatives As of March 31, 2024			Derivatives As of December 31, 2023
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
	(In thousands)
Derivatives designated as cash flow hedges:
Interest rate swap assets	Other assets	$	31,005	Other assets	$	27,366
Interest rate swap liabilities	Other liabilities	223		Other liabilities	2,478

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
	(In thousands)
DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS
Interest Rate Swaps:
Amount of income (loss) recognized in Other comprehensive income (loss) on derivatives	$	10,640	(6,197)
Amount of (income) reclassified from Accumulated other comprehensive income into     Interest expense	(4,746)		(4,065)