BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds at December 31, 2021 and 2020 are summarized, as follows:

	2021				2020
(in thousands, except rates)	Principal		Weighted Average Rate		Principal		Weighted Average Rate
Short-term borrowings:
Advances from the FHLBB	$	—	—	%	$	40,000	1.05	%
Total short-term borrowings:	—		—		40,000		1.05
Long-term borrowings:
Advances from the FHLBB	13,331		1.75		434,357		1.89
Paycheck Protection Program Liquidity Facility ("PPPLF")	—		—		—		—
Subordinated notes	74,590		7.00		74,411		7.00
Junior subordinated borrowing - Trust I	15,464		2.01		15,464		2.06
Junior subordinated borrowing - Trust II	7,459		1.90		7,405		1.92
Total long-term borrowings:	110,844		5.33		531,637		2.61
Total	$	110,844	5.33	%	$	571,637	2.50	%

Schedule of Maturities of FHLBB Advances

A summary of maturities of FHLBB advances at year-end 2021 is as follows:

	2021
(In thousands)	Amount		Weighted Average Rate
Fixed rate advances maturing:
2022	$	4,001	2.04	%
2023	—		—
2024	39		—
2025	5,969		1.99
2026 and beyond	3,322		4.57
Total FHLBB advances	$	13,331	1.75	%