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Other Borrowings and Subordinated Notes and Debentures (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | Debt at September 30, 2024 and December 31, 2023 consisted of the following components:
| September 30, |  | December 31,
(In thousands) | 2024 |  | 2023
Other Borrowings |  |  |
FHLB advances, net of discount, due 2024 to 2033, 4.56% to 5.52% secured by real estate loans | $ | 1,028,016 |  |  | $ | 953,222 |
Other long-term debt | 17,862 |  |  | 19,144 |
Total other borrowings | 1,045,878 |  |  | 972,366 |
Subordinated Notes and Debentures |  |  |
Subordinated notes payable, due 4/1/2028, fixed-to-floating rate (fixed rate of 5.00% through 3/31/2023, floating rate of 2.15% above the three month LIBOR rate, reset quarterly)(1) | 330,000 |  |  | 330,000 |
Subordinated notes payable, net of premium adjustments, due 7/31/2030, fixed-to-floating rate (fixed rate of 6.00% through 7/30/2025, floating rate of 5.92% above the three month SOFR rate, reset quarterly) | 37,085 |  |  | 37,171 |
Unamortized debt issuance costs | (830) |  |  | (1,030) |
Total subordinated notes and debentures | 366,255 |  |  | 366,141 |
Total other borrowings and subordinated debt | $ | 1,412,133 |  |  | $ | 1,338,507 |
_________________________ (1) The Company transitioned from the three month LIBOR rate to the three month Secured Overnight Financing Rate (“SOFR”), plus a comparable spread adjustment of 26.161 basis points, beginning with interest accrued on the notes from and after October 1, 2023.
Schedule of Aggregate Annual Maturities of Long-term Debt | Aggregate annual maturities of long-term debt at September 30, 2024, are as follows:
Year |  | (In thousands)
Remainder of 2024 |  | $ | 447 |
2025 |  | 1,822 |
2026 |  | 1,824 |
2027 |  | 1,919 |
2028 |  | 332,798 |
Thereafter |  | 48,323 |
Total |  | $ | 387,133 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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