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LONG-TERM DEBT

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

LONG-TERM DEBT

LONG-TERM DEBT

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

																		September 30, 2022												December 31, 2021
($ in thousands)						Interest Rate						Maturity Date						Par Value						Unamortized Debt Issuance Cost and Discount						Par Value						Unamortized Debt Issuance Cost and Discount
Senior notes						5.25%						4/15/2025						$	175,000					$	(816)					$	175,000					$	(1,014)
Subordinated notes						4.375%						10/30/2030						85,000						(1,965)						85,000						(2,127)
PMB Statutory Trust III, junior subordinated debentures						Libor + 3.40%						9/26/2032						7,217						—						7,217						—
PMB Capital Trust III, junior subordinated debentures						Libor + 2.00%						10/8/2034						10,310						—						10,310						—
Total																		$	277,527					$	(2,781)					$	277,527					$	(3,141)

At September 30, 2022, we were in compliance with all covenants under our long-term debt agreements.

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

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