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Subordinated Debentures (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Preferred Trust Securities and Subordinated Debentures
Subordinated debentures at March 31, 2025 and December 31, 2024 consisted of the following components:
As of
March 31, 2025
As of
December 31, 2024
(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
$140,440 $140,764 
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
298,662 298,482 
Total$439,102 $439,246