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BUSINESS COMBINATION (Tables)
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of business acquisitions
The following table provides a preliminary allocation of consideration paid for the fair value of assets acquired and liabilities assumed from NBNYC as of January 6, 2023:

(in thousands)
Purchase price consideration$21,322 
Fair value of assets acquired:
Cash and cash equivalents32,574
Securities6,527
Loans held for investment:
  Commercial2,017
  Mortgage157,040
Total loans held for investment159,057
Goodwill1,224
Core deposit intangible1,040
Deferred tax asset760
Other Assets927
  Total assets acquired202,108
Fair value of liabilities assumed:
Deposits137,015
Borrowings27,972
Other liabilities15,799
  Total liabilities assumed180,786
Fair value of net assets acquired$21,322 
The following table provides a summary of loans and leases purchased as part of the NBNYC Acquisition with credit deterioration and associated credit loss reserve at acquisition:
(in thousands)
Par value (unpaid principal balance)$42,443 
ACL at acquisition(871)
Non-credit (discount)(2,688)
Fair Value$38,884