SUBORDINATED NOTES (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 15, 2025 |
Jun. 10, 2020 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
SUBORDINATED NOTES | ||||||
Repayments of subordinated debt | $ 75,000,000 | |||||
Amortization of the debt issuance costs | $ 50,000 | $ 74,000 | $ 124,000 | $ 148,000 | ||
Senior Subordinated Notes | ||||||
SUBORDINATED NOTES | ||||||
Public offering and sale of subordinated notes | $ 75,000,000 | |||||
Subordinated note interest rate | 5.50% | |||||
Spread on variable rate, plus 3 months SOFR | 5.325% | |||||
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] | us-gaap:SecuredOvernightFinancingRateSofrMember | |||||
Proceeds from issuance of senior long-term debt | $ 73,500,000 | |||||
Payment of financing and stock issuance costs | $ 1,500,000 | |||||
Expected life of the notes | 5 years | |||||
Repayments of subordinated debt | $ 75,000,000 | |||||
Redemption price as percentage of aggregate principal balance | 100.00% |