BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Summary of Borrowings

The following table summarizes the Corporation’s borrowings as of March 31, 2024 and December 31, 2023:

	March 31, 2024		December 31, 2023
Securities sold under repurchase agreements	$	130,264	$	157,280
Federal Home Loan Bank advances	612,778		712,852
Subordinated debentures and other borrowings	118,612		158,644
Total Borrowings	$	861,654	$	1,028,776

Summary of Collateral Pledged for Repurchase Agreements

The collateral pledged for all repurchase agreements that are accounted for as secured borrowings as of March 31, 2024 and December 31, 2023 were:

	March 31, 2024
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater Than 90 Days		Total
U.S. Government-sponsored mortgage-backed securities	$	130,264	$	—	$	—	$	—	$	130,264

	December 31, 2023
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater Than 90 Days		Total
U.S. Government-sponsored mortgage-backed securities	$	157,280	$	—	$	—	$	—	$	157,280

Schedule of Contractual Maturities of Borrowings

Contractual maturities of borrowings as of March 31, 2024, are as follows:

Maturities in Years Ending December 31:	Securities Sold Under Repurchase Agreements		Federal Home Loan Bank Advances		Subordinated Debentures and Term Loans
2024	$	130,264	$	60,000	$	1,166
2025	—		95,000		—
2026	—		75,000		—
2027	—		250,000		—
2028	—		115,000		30,000
2029 and after	—		17,778		91,029
ASC 805 fair value adjustments at acquisition	—		—		(3,583)
	$	130,264	$	612,778	$	118,612