v3.25.2
BORROWINGS (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds Outstanding
The following summarizes the Company's borrowings as presented on the consolidated statements of condition as of the dates indicated:
(In thousands)June 30,
2025
December 31,
2024
Short-Term Borrowings:    
FHLBB Borrowings(1)
$359,000 $325,000 
Customer Repurchase Agreements(2)
240,367 175,621 
Total Short-Term Borrowings$599,367 $500,621 
Junior Subordinated Debentures:
    
CCTA(1)
$36,083 $36,083 
UBCT(1)
8,248 8,248 
NCT III(1)(3)
8,517 — 
NCT IV(1)(3)
8,517 — 
Total Junior Subordinated Debentures
$61,365 $44,331 
(1)    The Company has interest rate swap contracts on certain borrowings. Refer to Note 10 for further discussion of derivative instruments.
(2)    The Company assumed customer repurchase agreements of $65.5 million through the acquisition of Northway on January 2, 2025. Refer to Note 8 for further discussion of the Company's customer repurchase agreements and to Note 3 for further details of the acquisition of Northway.
(3)    The Company assumed junior subordinated debentures through the acquisition of Northway on January 2, 2025. Refer to Note 3 for further details on the accounting for the junior subordinated debentures on the acquisition date.