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SUBORDINATED DEFERRABLE INTEREST DEBENTURES (Tables) | 12 Months Ended
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Dec. 31, 2024
Broker-Dealer [Abstract] |
Schedule of Subordinated Deferrable Interest Debentures | The following table summarizes the terms of the Company's outstanding subordinated deferrable interest debentures as of December 31, 2024:
|  |  |  |  |  |  |  |  |  |  |  | December 31, 2024
(dollars in thousands) Name of Trust |  | Issuance Date |  | Rate(1) |  | Rate at December 31, 2024 |  | Maturity Date |  | Issuance Amount |  | Unaccreted Purchase Discount |  | Carrying Value
Prosperity Bank Statutory Trust II |  | March 2003 |  | 3-month SOFR plus 3.15% |  | 7.74% |  | March 26, 2033 |  | $ | 4,640 |  |  | $ | 653 |  |  | $ | 3,987 |
Fidelity Southern Statutory Trust I |  | June 2003 |  | 3-month SOFR plus 3.10% |  | 7.69% |  | June 26, 2033 |  | 15,464 |  |  | 835 |  |  | 14,629 |
Coastal Bankshares Statutory Trust I |  | August 2003 |  | 3-month SOFR plus 3.15% |  | 8.07% |  | October 7, 2033 |  | 5,155 |  |  | 677 |  |  | 4,478 |
Jacksonville Statutory Trust I |  | June 2004 |  | 3-month SOFR plus 2.63% |  | 7.24% |  | June 17, 2034 |  | 4,124 |  |  | 570 |  |  | 3,554 |
Prosperity Banking Capital Trust I |  | June 2004 |  | 3-month SOFR plus 2.57% |  | 7.16% |  | June 30, 2034 |  | 5,155 |  |  | 973 |  |  | 4,182 |
Merchants & Southern Statutory Trust I |  | March 2005 |  | 3-month SOFR plus 1.90% |  | 6.51% |  | March 17, 2035 |  | 3,093 |  |  | 647 |  |  | 2,446 |
Fidelity Southern Statutory Trust II |  | March 2005 |  | 3-month SOFR plus 1.89% |  | 6.50% |  | March 17, 2035 |  | 10,310 |  |  | 1,472 |  |  | 8,838 |
Atlantic BancGroup, Inc. Statutory Trust I |  | September 2005 |  | 3-month SOFR plus 1.50% |  | 6.12% |  | September 15, 2035 |  | 3,093 |  |  | 828 |  |  | 2,265 |
Coastal Bankshares Statutory Trust II |  | December 2005 |  | 3-month SOFR plus 1.60% |  | 6.22% |  | December 15, 2035 |  | 10,310 |  |  | 2,509 |  |  | 7,801 |
Cherokee Statutory Trust I |  | November 2005 |  | 3-month SOFR plus 1.50% |  | 6.12% |  | December 15, 2035 |  | 3,093 |  |  | 502 |  |  | 2,591 |
Prosperity Bank Statutory Trust III |  | January 2006 |  | 3-month SOFR plus 1.60% |  | 6.22% |  | March 15, 2036 |  | 10,310 |  |  | 2,804 |  |  | 7,506 |
Merchants & Southern Statutory Trust II |  | March 2006 |  | 3-month SOFR plus 1.50% |  | 6.12% |  | June 15, 2036 |  | 3,093 |  |  | 771 |  |  | 2,322 |
Jacksonville Statutory Trust II |  | December 2006 |  | 3-month SOFR plus 1.73% |  | 6.35% |  | December 15, 2036 |  | 3,093 |  |  | 699 |  |  | 2,394 |
Ameris Statutory Trust I |  | December 2006 |  | 3-month SOFR plus 1.63% |  | 6.25% |  | December 15, 2036 |  | 37,114 |  |  | — |  |  | 37,114 |
Fidelity Southern Statutory Trust III |  | August 2007 |  | 3-month SOFR plus 1.40% |  | 6.02% |  | September 15, 2037 |  | 20,619 |  |  | 4,218 |  |  | 16,401 |
Prosperity Bank Statutory Trust IV |  | September 2007 |  | 3-month SOFR plus 1.54% |  | 6.16% |  | December 15, 2037 |  | 7,940 |  |  | 3,155 |  |  | 4,785 |
Jacksonville Bancorp, Inc. Statutory Trust III |  | June 2008 |  | 3-month SOFR plus 3.75% |  | 8.37% |  | September 15, 2038 |  | 7,784 |  |  | 768 |  |  | 7,016 |
Total |  |  |  |  |  |  |  |  |  | $ | 154,390 |  |  | $ | 22,081 |  |  | $ | 132,309 |
(1) Rate transitioned to 3-month term SOFR plus a comparable tenor spread adjustment beginning after July 1, 2023 as 3-month LIBOR ceased to be published effective July 1, 2023.

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- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 + Details
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