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Schedule of Long-Term Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | A summary of long-term debt follows:
| March 31, 2024 |  | December 31, 2023
Parent Company: |  |  |
Fixed to floating subordinated notes, 5.25% fixed rate effective May 2020 through May 2025 | $ | 99.1 |  |  | $ | 99.0 |
Subsidiaries: |  |  |
Average rate of 4.72% FHLB borrowings maturing in July 2025 | 250.0 |  |  | — |
8.00% finance lease obligation with term ending October 31, 2029 | 0.8 |  |  | 0.9 |
1.00% note payable maturing December 31, 2041, interest only payable quarterly until September 30, 2024 and then principal and interest until maturity | 5.1 |  |  | 5.1 |
Note payable maturing March 31, 2038, interest only payable at 1.30% monthly until March 31, 2025 and then principal and interest at 3.25% until maturity | 2.0 |  |  | 2.0 |
1.30% note payable maturing June 1, 2034, interest only payable monthly until March 31, 2025 and then principal and interest until maturity | 0.6 |  |  | 0.6 |
1.12% note payable maturing December 31, 2045, interest only payable annually until December 31, 2028 and then principal and interest until maturity | 6.8 |  |  | 6.8 |
1.35% note payable maturing December 31, 2046 interest only payable annually until December 31, 2025 and then principal and interest until maturity | 6.4 |  |  | 6.4 |
Total long-term debt | $ | 370.8 |  |  | $ | 120.8 |
Schedule of Debt | The following table presents outstanding FHLB and BTFP borrowings by maturity buckets for the dates indicated:
As of March 31, 2024 | Average Rate | Outstanding Balance
Fixed rate borrowings with tenors of up to three-months | 5.52 | % | $ | 592.0 |
Fixed rate borrowings with tenors of twelve-months | 4.86 |  | 1,750.0 |
|  | $ | 2,342.0 |
As of December 31, 2023 | Average Rate | Outstanding Balance
Fixed rate borrowings with tenors of up to three-months | 5.52 | % | $ | 2,603.0 |
|  | $ | 2,603.0 |

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