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Long-Term Borrowings | 6 Months Ended
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Jun. 30, 2023
Long-Term Borrowings |
Long-Term Borrowings | 9. Long-Term Borrowings ​ Long-term borrowings consisted of the following as of June 30, 2023 and December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | June 30, 2023 |  | December 31, 2022
FHLB fixed-rate advances(1) | ​ | $ | 500,000 | ​ | $ | —
Total long-term borrowings | ​ | $ | 500,000 | ​ | $ | —
(1) | Interest is payable monthly.
​ As of June 30, 2023, the Company’s long-term borrowings consisted of $500.0 million in FHLB fixed-rate advances with a weighted average interest rate of 4.71% and maturity dates in September 2024. The FHLB fixed-rate advances require monthly interest-only payments with the principal amount due on the maturity date. There were no long-term borrowings as of December 31, 2022. The FHLB fixed-rate advances and remaining borrowing capacity were secured by commercial real estate and residential real estate loan collateral as of June 30, 2023. The FHLB borrowing capacity was secured by residential real estate loan collateral as of December 31, 2022. ​ As of June 30, 2023, future contractual principal payments and maturities of long-term borrowings were as follows: ​
​ | ​ | ​ | ​
​ | ​ | Principal
(dollars in thousands) |  | Payments
2023 | ​ | $ | —
2024 | ​ | ​ | 500,000
2025 | ​ | ​ | —
2026 | ​ | ​ | —
2027 | ​ | ​ | —
Total | ​ | $ | 500,000
​

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent + Details
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