DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivative Instruments (Details) - USD ($) |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Asset Derivative | ||||||
Gross derivatives | $ 56,639,000 | $ 82,306,000 | ||||
Offsetting derivative assets/liabilities | (7,435,000) | (171,000) | ||||
Cash collateral received/posted | $ (46,760,000) | (82,135,000) | ||||
Derivative Liability, Statement of Financial Position [Extensible Enumeration] | Other liabilities | |||||
Net derivatives included in the consolidated balance sheets | [1] | $ 2,444,000 | 0 | |||
Liability Derivative | ||||||
Gross derivatives | 25,684,000 | 21,217,000 | ||||
Offsetting derivative assets/liabilities | (7,435,000) | (171,000) | ||||
Cash collateral received/posted | 0 | 0 | ||||
Net derivatives included in the consolidated balance sheets | [1] | 18,249,000 | $ 21,046,000 | |||
Cash Flow Hedging | Interest Rate Swaps | ||||||
Liability Derivative | ||||||
Derivative, Notional Amount | $ 1,010,000,000.00 | |||||
Derivatives designated as hedging instruments | ||||||
Asset Derivative | ||||||
Derivative Asset, Statement of Financial Position [Extensible Enumeration] | Securities AFS, at estimated fair value (amortized cost of $1,332,467 and $1,387,874, respectively) | Securities AFS, at estimated fair value (amortized cost of $1,332,467 and $1,387,874, respectively) | ||||
Financial institution counterparties | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Credit exposure related to interest rate swaps | $ 1,900,000 | $ 0 | ||||
Financial institution counterparties | Derivatives designated as hedging instruments | Cash Flow Hedging | Interest Rate Swaps | ||||||
Asset Derivative | ||||||
Gross derivatives | 24,223,000 | 39,527,000 | ||||
Liability Derivative | ||||||
Gross derivatives | 6,910,000 | 0 | ||||
Derivative, Notional Amount | [2] | 1,010,000,000 | 575,000,000 | |||
Financial institution counterparties | Derivatives designated as hedging instruments | Fair Value Hedging | Interest Rate Swaps | ||||||
Asset Derivative | ||||||
Gross derivatives | 13,658,000 | 21,733,000 | ||||
Liability Derivative | ||||||
Gross derivatives | 16,000 | 171,000 | ||||
Derivative, Notional Amount | [2] | 453,440,000 | 742,675,000 | |||
Financial institution counterparties | Derivatives designated as non-hedging instruments | Interest Rate Swaps | ||||||
Asset Derivative | ||||||
Gross derivatives | 18,249,000 | 21,046,000 | ||||
Liability Derivative | ||||||
Gross derivatives | 509,000 | 0 | ||||
Derivative, Notional Amount | [2] | 248,073,000 | 223,124,000 | |||
Customer counterparties | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Credit exposure related to interest rate swaps | 509,000 | 0 | ||||
Customer counterparties | Derivatives designated as non-hedging instruments | Interest Rate Swaps | ||||||
Asset Derivative | ||||||
Gross derivatives | 509,000 | 0 | ||||
Liability Derivative | ||||||
Gross derivatives | 18,249,000 | 21,046,000 | ||||
Derivative, Notional Amount | [2] | $ 248,073,000 | $ 223,124,000 | |||
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X | ||||||||||
- Definition Amount of obligation to return cash collateral under master netting arrangements offset against derivative assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of liability associated with financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Indicates line item in statement of financial position that includes derivative asset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of right to receive cash collateral under master netting arrangements offset against derivative liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of asset associated with financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Indicates line item in statement of financial position that includes derivative liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Nominal or face amount used to calculate payment on derivative. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition This item represents disclosure of all significant concentrations of credit risk or market risk arising from the subject financial instrument (as defined), whether from an individual counterparty or groups of counterparties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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