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OTHER BORROWINGS (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Other Borrowings | Other borrowings consist of the following:
(dollars in thousands) | March 31, 2024 |  | December 31, 2023
FHLB borrowings: |  |  |
Fixed Rate Advance due January 10, 2024; fixed interest rate of 5.450% | $ | — |  |  | $ | 50,000 |
Fixed Rate Advance due January 17, 2024; fixed interest rate of 5.460% | — |  |  | 100,000 |
Fixed Rate Advance due April 15, 2024; fixed interest rate of 5.440% | 50,000 |  |  | — |
Fixed Rate Advance due April 19, 2024; fixed interest rate of 5.470% | 25,000 |  |  | — |
Daily Rate Credit due December 11, 2024, variable interest rate of 5.580% | 200,000 |  |  | — |
Fixed Rate Advance due March 3, 2025; fixed interest rate of 1.208% | 15,000 |  |  | 15,000 |
Fixed Rate Advance due March 2, 2027; fixed interest rate of 1.445% | 15,000 |  |  | 15,000 |
Fixed Rate Advance due March 4, 2030; fixed interest rate of 1.606% | 15,000 |  |  | 15,000 |
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.550% | 1,375 |  |  | 1,378 |
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.550% | 952 |  |  | 954 |
Principal Reducing Advance due September 29, 2031; fixed interest rate of 3.095% | 1,092 |  |  | 1,128 |
Subordinated notes payable: |  |  |
Subordinated notes payable due December 15, 2029 net of unamortized debt issuance cost of $1,220 and $1,296, respectively; fixed interest rate of 4.25% through December 14, 2024; variable interest rate thereafter at three-month SOFR plus 2.94% | 104,530 |  |  | 106,704 |
Subordinated notes payable due May 31, 2030 net of unaccreted purchase accounting fair value adjustment of $743 and $784, respectively; fixed interest rate of 5.875% through May 31, 2025; variable interest rate thereafter at three-month LIBOR plus 3.63% | 74,743 |  |  | 75,784 |
Subordinated notes payable due October 1, 2030 net of unamortized debt issuance cost of $1,312 and $1,362, respectively; fixed interest rate of 3.875% through September 30, 2025; variable interest rate thereafter at three-month SOFR plus 3.753% | 108,688 |  |  | 108,638 |
Other Debt: |  |  |
Advance from correspondent bank due November 28, 2024; secured by a loan receivable; variable interest rate at one-month SOFR plus 2.50% | 10,000 |  |  | 10,000 |
Advance from correspondent bank due December 1, 2025; secured by a loan receivable; variable interest rate at one-month SOFR plus 2.65% | 10,000 |  |  | 10,000 |
| $ | 631,380 |  |  | $ | 509,586 |

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- 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
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