REPURCHASE AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Banking and Thrift, Other Disclosure [Abstract]

Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets

The table below sets forth information regarding the Company’s repurchase agreements accounted for as secured borrowings and types of collateral as of the dates indicated:

(In thousands)	March 31, 2023		December 31, 2022
Customer Repurchase Agreements(1)(2):
Mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises	$	174,276	$	99,105
Collateralized mortgage obligations issued or guaranteed by U.S. government-sponsored enterprises	22,642		94,328
Obligations of states and political subdivisions	—		3,018
Total	$	196,918	$	196,451

(1)    Presented within short-term borrowings on the consolidated statements of condition.

(2)    All customer repurchase agreements mature continuously or overnight for the dates indicated.