XML 48 R31.htm IDEA: XBRL DOCUMENT
v3.25.3

Federal Home Loan Bank Advances and Long-Term Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The following table presents details of the Company’s FHLB advances and long-term debt as of September 30, 2025 and December 31, 2024:
|  |  |  |  |  |  |  | September 30, 2025 |  | December 31, 2024
($ in thousands) |  |  |  | Interest Rates |  | Maturity Dates |  | Amount |  | Amount
Parent company |  |  |  |  |  |  |  |  |  |
Junior subordinated debt — floating (1) |  |  |  | 5.85% |  | 12/15/2035 |  | $ | 32,239 |  |  | $ | 32,001 |
Bank |  |  |  |  |  |  |  |  |  |
FHLB advances (2): |  |  |  |  |  |  |  |  |  |
Floating (3) |  |  |  | 4.29% — 4.38% |  | 2026 |  | $ | 2,000,000 |  |  | $ | 3,000,000 |
Fixed |  |  |  | 3.87% — 4.49% |  | 2025 — 2026 |  | 1,000,000 |  |  | 500,000 |
Total FHLB advances |  |  |  |  |  |  |  | $ | 3,000,000 |  |  | $ | 3,500,000 |
(1)As of September 30, 2025, the outstanding junior subordinated debt was issued by MCBI Statutory Trust I and had a stated interest of 3-month CME Term Secured Overnight Financing Rate (“SOFR”) + 1.81%. The contractual interest rates for junior subordinated debt were 5.85% and 6.17% as of September 30, 2025 and December 31, 2024, respectively. (2)The weighted-average interest rates for FHLB advances were 4.30% and 4.48% as of September 30, 2025 and December 31, 2024, respectively. (3)Floating interest rates are based on the SOFR plus the established spread.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration