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v3.24.3

Short-Term Borrowings and Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2024 and December 31, 2023:
|  |  |  |  |  |  |  | September 30, 2024 |  | December 31, 2023
($ in thousands) |  |  |  | Interest Rates |  | Maturity Dates |  | Amount |  | Amount
Parent company |  |  |  |  |  |  |  |  |  |
Junior subordinated debt (1) — floating (2) |  |  |  | 6.76% |  | 12/15/2035 |  | $ | 31,923 |  |  | $ | 148,249 |
Bank |  |  |  |  |  |  |  |  |  |
BTFP borrowings |  |  |  | 4.37% |  | 03/19/2024 |  | $ | — |  |  | $ | 4,500,000 |
FHLB advances (3): |  |  |  |  |  |  |  |  |  |
Floating (2) |  |  |  | 5.02% — 5.07% |  | 2025 |  | $ | 3,000,000 |  |  | $ | — |
Fixed |  |  |  | 3.87% — 3.95% |  | 2026 |  | 500,000 |  |  | — |
Total FHLB advances |  |  |  |  |  |  |  | $ | 3,500,000 |  |  | $ | — |
(1)The weighted-average interest rates for junior subordinated debt were 6.76% and 6.87% as of September 30, 2024 and December 31, 2023, respectively. (2)Floating interest rates are based on the Secured Overnight Financing Rate plus the established spread. (3)The weighted-average interest rate for FHLB advances was 4.88% as of September 30, 2024.

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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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