SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

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 Calculation of Basic and Diluted Earnings per Share

The following table shows the calculation of both basic and diluted earnings per share for the years ended December 31, 2023, 2022 and 2021:

(In thousands, except share and per share data)	2023		2022		2021
Net income available to common shareholders	$	48,854	$	74,246	$	56,622
Basic weighted average shares outstanding		17,849,558		18,161,605		18,788,679
Plus: common stock equivalents		199,494		406,493		503,923
Diluted weighted average shares outstanding		18,049,052		18,568,098		19,292,602
Earnings per share:
Basic	$	2.74	$	4.09	$	3.01
Diluted		2.71		4.00		2.93