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Short-Term Borrowings and Long-Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | The following table presents details of the Company’s short-term and BTFP borrowings, FHLB advances, and long-term debt as of March 31, 2024 and December 31, 2023:
|  |  |  |  |  |  |  | March 31, 2024 |  | December 31, 2023
($ in thousands) |  |  |  | Interest Rates |  | Maturity Dates |  | Amount |  | Amount
Bank |  |  |  |  |  |  |  |  |  |
Short-term borrowings |  |  |  | 4.75% — 4.83% |  | April 2024 |  | $ | 19,173 |  |  | $ | — |
BTFP borrowings |  |  |  | 4.37% |  | 3/19/2024 |  | $ | — |  |  | $ | 4,500,000 |
FHLB advances (1) — floating (2) |  |  |  | 5.49% — 5.56% |  | 2024 — 2025 |  | $ | 3,500,000 |  |  | $ | — |
Parent company |  |  |  |  |  |  |  |  |  |
Junior subordinated debt (3) — floating (2) |  |  |  | 7.14% |  | 12/15/2035 |  | $ | 31,768 |  |  | $ | 148,249 |
(1)The weighted-average interest rates for FHLB advances were 5.52% as of March 31, 2024. (2)Floating interest rates are based on the Secured Overnight Financing Rate plus the established spread. (3)The weighted-average interest rates for junior subordinated debt were 7.14% and 6.87% as of March 31, 2024 and December 31, 2023, respectively.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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