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Debt (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Federal Home Loan Bank, Advances | The June 30, 2023 FHLB balances were comprised of the following:
|  |  |  | Weighted |  |
|  |  |  | Average |  | Effective Rate,
|  | Total |  | Contractual |  | Net of
|  | Outstanding |  | Rate |  | Hedges
|  | (Dollars in thousands)
Overnight Borrowings |  | $ | 87,860 |  |  | 5.27 | % |  | n/a
1-Month Term |  | 300,000 |  |  | 5.29 | % |  | n/a
1-Month Term |  | 400,000 |  |  | 5.32 | % |  | 3.94 | %
Amortizing |  | 619 |  |  | 1.65 | % |  | n/a
Total |  | $ | 788,479 |  |  |  |  |
Information related to Trust preferred securities table text block | Information relating to these trust preferred securities at June 30, 2023 is as follows:
Trust |  | Principal Amount |  | Maturity Date |  | Interest Rate Spread |  | All-in Rate
|  | (Dollars in thousands)
Capital Trust V |  | $ | 50,000 |  |  | 3/15/2037 |  | 1.48% |  | 7.03%
Central Trust I (1) |  | $ | 5,100 |  |  | 9/16/2034 |  | 2.44% |  | 7.99%
Central Trust II (1) |  | $ | 5,900 |  |  | 3/15/2037 |  | 1.65% |  | 7.20%
(1)These securities noted above are callable quarterly until maturity.
Schedule of Long-Term Debt Instruments | The following table summarizes long-term debt, net of debt issuances costs, at the dates indicated:
| June 30 |  | December 31
| 2023 |  | 2022
| (Dollars in thousands)
Junior subordinated debentures |  |  |
Capital Trust V | 51,516 |  |  | 51,514 |
Central Trust I | 5,258 |  |  | 5,258 |
Central Trust II | 6,083 |  |  | 6,083 |
Subordinated debentures | 49,933 |  |  | 49,885 |
Total long-term debt | $ | 112,790 |  |  | $ | 112,740 |

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