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OTHER BORROWINGS | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
OTHER BORROWINGS | NOTE 4 – OTHER BORROWINGS Other borrowings consist of the following:
(dollars in thousands) | September 30, 2025 |  | December 31, 2024
FHLB borrowings: |  |  |
Fixed Rate Advance due January 21, 2025; fixed interest rate of 4.430% | $ | — |  |  | $ | 50,000 |
Fixed Rate Advance due March 3, 2025; fixed interest rate of 1.208% | — |  |  | 15,000 |
Daily Rate Credit due December 16, 2025; variable interest rate of 4.330% | 185,000 |  |  | — |
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% | 1,358 |  |  | 1,366 |
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.550% | 940 |  |  | 946 |
Principal Reducing Advance due September 29, 2031; fixed interest rate of 3.095% | 874 |  |  | 984 |
Subordinated notes payable: |  |  |
Subordinated notes payable due May 31, 2030 net of unaccreted purchase accounting fair value adjustment of $0 and $653, respectively; fixed interest rate of 5.875% through May 31, 2025; variable interest rate thereafter at three-month SOFR plus 3.63% | — |  |  | 74,653 |
Subordinated notes payable due October 1, 2030 net of unamortized debt issuance cost of $1,009 and $1,161, respectively; fixed interest rate of 3.875% through September 30, 2025; variable interest rate thereafter at three-month SOFR plus 3.753% | 108,991 |  |  | 108,839 |
Other Debt: |  |  |
Advance from correspondent bank due June 1, 2026; secured by a loan receivable; variable interest rate at one-month SOFR plus 2.65% | 9,931 |  |  | 10,000 |
| $ | 337,094 |  |  | $ | 291,788 |
The advances from the FHLB are collateralized by a blanket lien on all eligible first mortgage loans and other specific loans in addition to FHLB stock. At September 30, 2025, $3.37 billion was available for borrowing on lines with the FHLB. As of September 30, 2025, the Bank maintained credit arrangements with various financial institutions to purchase federal funds up to $92.0 million. The Bank also participates in the Federal Reserve discount window borrowings program. At September 30, 2025, the Bank had $2.61 billion of loans pledged at the Federal Reserve discount window and had $2.10 billion available for borrowing. Subordinated Debt The Company redeemed its 5.875% Fixed-To-Floating Rate Subordinated Notes due 2030 in full on the September 1, 2025 interest payment date. These notes, which totaled $74 million outstanding, bore interest at 8.22% and were redeemed at par. In August 2025, the Company notified holders of its 3.875% Fixed-To-Floating Rate Subordinated Notes due 2030 that it would be redeeming the notes in full at end of the fixed rate period on the October 1, 2025 interest payment date. These notes currently total $110 million outstanding and will be redeemed at par.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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