LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2021

The following table presents our long-term debt as of the dates indicated:


			December 31,
			2021				2020
($ in thousands)	Interest Rate	Maturity Date	Par Value		Unamortized Debt Issuance Cost and Discount		Par Value		Unamortized Debt Issuance Cost and Discount
Senior notes	5.250%	4/15/2025	$	175,000	$	(1,014)	$	175,000	$	(1,291)
Subordinated notes	4.375%	10/30/2030	85,000		(2,127)		85,000		(2,394)
PMB Statutory Trust III, junior subordinated debentures	Libor + 3.40%	9/26/2032	7,217		—		—		—
PMB Capital Trust III, junior subordinated debentures	Libor + 2.00%	10/8/2034	10,310		—		—		—
Total			$	277,527	$	(3,141)	$	260,000	$	(3,685)

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details