SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Schedule of Impact to Financial Statements Upon Adoption of ASC 326

The following table illustrates the impact to our financial statements as of January 1, 2022 upon adoption of ASC 326:

	January 1, 2022
(In thousands)	Impact to Consolidated Statement of Condition from ASC-326 Adoption			Tax Effect			Impact to Retained Earnings from ASC-326 Adoption
Allowance for credit losses on loans	$	(5,536	)	$	1,490		$	4,046
Allowance for credit losses on off-balance sheet commitments		188			(51	)		(137	)
Total impact from ASC 326 adoption	$	(5,348	)	$	1,439		$	3,909

Schedule of Changes in Options Outstanding

For the Company’s stock option plans, changes in options outstanding during the nine months ended September 30, 2022 were as follows:

						Weighted
				Weighted		Average	Aggregate
				Average		Remaining	Intrinsic
	Number of			Exercise		Contractual	Value
	Options			Price		Term	(In thousands)
Balance, January 1, 2022		31,340		$	14.59
Exercised during 2022		(9,660	)		13.14
Expired during 2022		—			—
Forfeited during 2022		(900	)		13.11
Balance, September 30, 2022		20,780		$	15.33	0.44 years	$	381
Vested and expected to vest		20,780		$	15.33	0.44 years	$	381
Exercisable at September 30, 2022		20,780		$	15.33	0.44 years	$	381

Schedule of Changes in Non-Vested Performance-Based Shares

Changes in non-vested shares dependent on performance criteria for the nine months ended September 30, 2022 were as follows:

				Weighted
				Average
	Number of			Grant Date
	Shares			Fair Value
Balance, January 1, 2022		225,435		$	20.29
Granted during 2022		71,482			35.93
Vested during 2022		(58,077	)		25.77
Forfeited during 2022		(5,284	)		17.92
Balance, September 30, 2022		233,556		$	23.77

Schedule of Changes in Service-Based Restricted Stock Awards/Units

Changes in service-based restricted stock awards/units for the nine months ended September 30, 2022 were as follows:

				Weighted
				Average
	Number of			Grant Date
	Shares			Fair Value
Balance, January 1, 2022		701,145		$	21.93
Granted during 2022		235,534			36.86
Vested during 2022		(267,530	)		21.48
Forfeited during 2022		(22,868	)		23.46
Balance, September 30, 2022		646,281		$	27.50

Schedule of Calculation of Basic and Diluted Earnings per Share

The following is a reconciliation of the calculation of basic and diluted earnings per share. Basic net income per share is calculated by dividing net income available to shareholders by the weighted average shares outstanding during the reporting period. Diluted net income per share is computed similarly to that of basic net income per share, except that the denominator is increased to include the number of additional shares that would have been outstanding utilizing the Treasury Stock Method if all shares underlying potentially dilutive stock options were issued and all shares of restricted stock, stock warrants or restricted stock units were to vest during the reporting period.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands, except per share data)	2022		2021		2022		2021
Net income available to common shareholders	$	20,126	$	14,171	$	53,667	$	41,767
Basic weighted average shares outstanding		18,072,385		18,763,316		18,244,691		18,891,601
Plus: common stock equivalents		348,276		510,515		407,351		498,921
Diluted weighted average shares outstanding		18,420,661		19,273,831		18,652,042		19,390,522
Net income per share
Basic	$	1.11	$	0.76	$	2.94	$	2.21
Diluted		1.09		0.74		2.88		2.15