BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank Borrowings

The table below shows the outstanding borrowings December 31, 2023, as well as the contractual rates and effective rates, net of any swap impact:

			Weighted
			Average		Effective Rate,
	Total		Contractual		Net of
	Outstanding		Rate		Swap Impact
	(Dollars in thousands)
Overnight Borrowings	$	705,000	5.54	%	n/a
1-Month Term	400,000		5.50	%	3.83	%
Amortizing	541		1.40	%	n/a
Total	$	1,105,541

Schedule of Long-term Borrowings

The following table summarizes long-term debt, net of debt issuances costs, at the dates indicated:

	December 31
	2023		2022
	(Dollars in thousands)
Junior subordinated debentures
Capital Trust V	51,517		51,514
Central Trust I	5,258		5,258
Central Trust II	6,083		6,083
Subordinated debentures	49,980		49,885
Total long-term debt	$	112,838	$	112,740

Information relating to Trust Preferred Securities [Table Text Block]

Information relating to these trust preferred securities at December 31, 2023 is as follows:

Trust	Principal Amount		Maturity Date	Credit Spread	All-in Rate
	(Dollars in thousands)
Capital Trust V	$	50,000	3/15/2037	1.48%	7.13%
Central Trust I (1)	$	5,100	9/16/2034	2.44%	8.09%
Central Trust II (1)	$	5,900	3/15/2037	1.65%	7.30%