XML 60 R45.htm IDEA: XBRL DOCUMENT v3.24.0.1
Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Preferred Trust Securities and Subordinated Debentures
Subordinated debentures at December 31, 2023 and 2022 contained the following components:
As of
December 31, 2023
As of
December 31, 2022
(In thousands)
Subordinated debt securities
Subordinated notes issued in 2020, due 2030, fixed rate of 5.500% during the first five years and at a floating rate of 534.5 basis points above the then three-month SOFR rate, reset quarterly, thereafter, callable in 2025 without penalty
$142,084 $143,400 
Subordinated notes, net of issuance costs, issued in 2022, due 2032, fixed rate of 3.125% during the first five years and at a floating rate of 182 basis points above the then three-month SOFR rate, reset quarterly, thereafter, callable in 2027 without penalty
297,750 297,020 
Total$439,834 $440,420