XML 80 R41.htm IDEA: XBRL DOCUMENT
v3.25.4

Federal Home Loan Bank Advances and Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The following table presents details of the Company’s FHLB advances and long-term debt as of December 31, 2025 and 2024:
|  |  |  |  |  |  |  | December 31,
|  |  |  |  |  |  |  | 2025 |  | 2024
($ in thousands) |  |  |  | Interest Rate |  | Maturity Dates |  | Amount |  | Amount
Parent company |  |  |  |  |  |  |  |  |  |
Junior subordinated debt (1) — floating |  |  |  | 5.53% |  | 12/15/2035 |  | $ | 32,320 |  |  | $ | 32,001 |
Bank |  |  |  |  |  |  |  |  |  |
FHLB advances (2): |  |  |  |  |  |  |  |  |  |
Floating (3) |  |  |  | 3.87% — 3.96% |  | 2026 |  | $ | 2,000,000 |  |  | $ | 3,000,000 |
Fixed |  |  |  | 3.87% — 4.01% |  | 2026 |  | 750,000 |  |  | 500,000 |
Overnight (4) |  |  |  | 4.02% |  | 1/2/2026 |  | 250,000 |  |  | — |
Total FHLB advances |  |  |  |  |  |  |  | $ | 3,000,000 |  |  | $ | 3,500,000 |
(1)As of December 31, 2025, the outstanding junior subordinated debt was issued by MCBI Statutory Trust I and had a stated interest rate of 3-month CME Term Secured Overnight Financing Rate ("SOFR") + 1.81%. The contractual interest rates for junior subordinated debt were 5.53% and 6.17% as of December 31, 2025 and 2024, respectively. (2)The weighted-average interest rate for FHLB advances was 3.94% as of December 31, 2025. (3)Floating interest rates are based on the SOFR plus the established spread. (4)Overnight interest rates are based on the Standard Credit Program’s Advance Rate, as published by the FHLB.

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