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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, 2025December 31, 2024
($ in thousands)Interest RatesMaturity DatesAmountAmount
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 — 20261,000,000 500,000 
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.