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Long-Term Debt | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Long-Term Debt | Note 10. Long-Term Debt At December 31, 2022 and 2021, long-term debt was comprised of the following:
| December 31, |
($ in thousands) | 2022 |  | 2021 |
Subordinated notes payable, maturing June 2060 | $ | 172,500 |  | $ | 172,500 |
Other long-term debt |  | 75,261 |  |  | 77,556 |
Less: unamortized debt issuance costs |  | (5,684 | ) |  | (5,836 | )
Total long-term debt | $ | 242,077 |  | $ | 244,220 |
The following table sets forth unamortized debt issuance costs associated with the respective debt instruments at December 31, 2022:
|  |  | Unamortized |
|  |  | Debt |
|  |  | Issuance |
($ in thousands) | Principal |  | Costs |
Subordinated notes payable, maturing June 2060 | $ | 172,500 |  | $ | 5,684 |
Other long-term debt |  | 75,261 |  |  | — |
Total | $ | 247,761 |  | $ | 5,684 |
On June 9, 2020, the Company completed the issuance of subordinated notes payable with an aggregate principal amount of $172.5 million, with a stated maturity of June 15, 2060. The notes accrue interest at a fixed rate of 6.25% per annum, with quarterly interest payments that began September 15, 2020. Subject to prior approval by the Federal Reserve, the Company may redeem the notes in whole or in part on any interest payment date on or after June 15, 2025. This debt qualifies as tier 2 capital in the calculation of certain regulatory capital ratios. All of the Company’s other long-term debt consists of borrowings associated with tax credit fund activities. Although these borrowings have indicated maturities through 2052, each is expected to be satisfied at the end of the seven-year compliance period for the related tax credit investments.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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