BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing

The following table provides information on subordinated debentures for the period indicated:

(In thousands)	2022		2021
Fixed to floating rate sub debt, 3.875%	$	200,000	$	—
Fixed to floating rate sub debt, 4.25%	175,000		175,000
Total subordinated debt	375,000		175,000
Less: Debt issuance costs	(4,795)		(2,288)
Long-term borrowings	$	370,205	$	172,712

Retail Repurchase Agreements and Federal Funds Purchased

Information relating to retail repurchase agreements and federal funds purchased is presented in the following table at and for the years ending December 31:

	2022				2021
(Dollars in thousands)	Amount		Rate		Amount		Rate
End of period:
Retail repurchase agreements	$	61,967	0.11	%	$	141,086	0.12	%
Federal funds purchased	260,000		4.18		—		—
Average for the year:
Retail repurchase agreements	$	108,273	0.11	%	$	143,734	0.12	%
Federal funds purchased	107,785		2.60		15,154		0.08
Maximum month-end balance:
Retail repurchase agreements	$	139,416			$	154,413
Federal funds purchased	260,000				60,000

Advances from the FHLB and the Respective Maturity Schedule

Advances from the FHLB and the respective maturity schedule at December 31 for the years indicated consisted of the following:

	2022				2021
(Dollars in thousands)	Amounts		Weighted Average Rate		Amounts		Weighted Average Rate
Maturity:
One year	$	350,000	4.28	%	$	—	—	%
Two years	50,000		4.66		—		—
Three years	50,000		4.28		—		—
Four years	50,000		4.16		—		—
Five years	50,000		4.08		—		—
After five years	—		—		—		—
Total advances from FHLB	$	550,000	4.29		$	—	—