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Subordinated Debentures (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Preferred Trust Securities and Subordinated Debentures
Subordinated debentures at September 30, 2024 and December 31, 2023 consisted of the following components:
As of
September 30, 2024
As of
December 31, 2023
(In thousands)
Subordinated debt securities
Subordinated notes, net of issuance costs, issued in 2020, due 2030, fixed rate of 5.50% 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
$141,096 $142,084 
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
298,298 297,750 
Total$439,394 $439,834