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INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Available-for-Sale Investment Securities
The following table presents the amortized cost and fair value of the investment securities portfolio as of the dates indicated:
($ in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance
for
Credit Losses		Fair
Value
June 30, 2023
Securities held-to-maturity:
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities$152,843 $— $(27,987)$— $124,856 
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations61,359 — (11,937)— 49,422 
Municipal securities114,203 — (21,436)— 92,767 
Total securities held-to-maturity$328,405 $— $(61,360)$— $267,045 
Securities available-for-sale:
SBA loan pool securities$9,251 $7 $(43)$— $9,215 
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities82,913 — (1,205)— 81,708 
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations95,760 — (6,500)— 89,260 
Non-agency residential mortgage-backed securities122,995 — (11,487)— 111,508 
Collateralized loan obligations490,534 — (7,703)— 482,831 
Corporate debt securities175,796 — (27,191)(1,036)147,569 
Total securities available-for-sale$977,249 $7 $(54,129)$(1,036)$922,091 
December 31, 2022
Securities held-to-maturity:
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities$153,033 $— $(29,807)$— $123,226 
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations61,404 — (11,946)— 49,458 
Municipal securities114,204 — (24,428)— 89,776 
Total securities held-to-maturity$328,641 $— $(66,181)$— $262,460 
Securities available-for-sale:
SBA loan pool securities$11,241 $— $(54)$— $11,187 
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities40,431 — (225)— 40,206 
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations99,075 — (5,884)— 93,191 
Non-agency residential mortgage-backed securities90,832 — (10,340)— 80,492 
Collateralized loan obligations492,203 — (15,600)— 476,603 
Corporate debt securities175,781 32 (9,195)— 166,618 
Total securities available-for-sale$909,563 $32 $(41,298)$— $868,297 
Schedule of Proceeds from Sales and Calls of Securities and Associated Gross Gains and Losses
The following table presents proceeds from sales and calls of AFS securities and the associated gross gains and losses realized through earnings upon the sales and calls of AFS securities for the periods indicated:
Three Months Ended
June 30, 		Six Months Ended
June 30,
($ in thousands)2023202220232022
Gross realized gains$— $— $— $209 
Gross realized losses— — — (193)
Net realized gains on sales and calls$— $— $— $16 
Proceeds from sales and calls$20,000 $38,500 $20,000 $56,146 
Schedule of Securities Available-for-Sale
The following table summarizes the AFS investment securities with unrealized losses by security type and length of time in a continuous, unrealized loss position as of the dates indicated:
Less Than 12 Months12 Months or LongerTotal
($ in thousands)Fair
Value		Gross Unrealized LossesFair
Value		Gross Unrealized LossesFair
Value		Gross Unrealized Losses
June 30, 2023
Securities available-for-sale:
SBA loan pool securities
$— $— $7,461 $(43)$7,461 $(43)
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities81,708 (1,205)— — 81,708 (1,205)
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations
51,780 (767)37,478 (5,733)89,258 (6,500)
Non-agency residential mortgage-backed securities
71,394 (1,734)40,114 (9,753)111,508 (11,487)
Collateralized loan obligations
41,278 (481)441,552 (7,222)482,830 (7,703)
Corporate debt securities
95,031 (10,265)52,538 (16,926)147,569 (27,191)
Total securities available-for-sale
$341,191 $(14,452)$579,143 $(39,677)$920,334 $(54,129)
December 31, 2022
Securities available-for-sale:
SBA loan pool securities$2,260 $(3)$8,927 $(51)$11,187 $(54)
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities
40,206 (225)— — 40,206 (225)
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations
76,441 (2,533)16,750 (3,351)93,191 (5,884)
Non-agency residential mortgage-backed securities
80,492 (10,340)— — 80,492 (10,340)
Collateralized loan obligations
235,936 (7,492)240,667 (8,108)476,603 (15,600)
Corporate debt securities
159,492 (8,374)4,180 (821)163,672 (9,195)
Total securities available-for-sale
$594,827 $(28,967)$270,524 $(12,331)$865,351 $(41,298)
The following table presents the fair value and weighted average yields using amortized cost of the AFS securities portfolio as of June 30, 2023, based on the earlier of contractual maturity dates or next repricing dates:
One year or lessMore than One Year through Five YearsMore than Five Years through Ten YearsMore than Ten YearsTotal
($ in thousands)Fair
Value		Weighted-Average YieldFair
Value		Weighted-Average YieldFair
Value		Weighted-Average YieldFair
Value		Weighted-Average YieldFair
Value		Weighted-Average Yield
Securities available-for-sale:
SBA loan pool securities$9,215 3.87 %$— — %$— — %$— — %$9,215 3.87 %
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities
— — %— — %— — %81,708 5.54 %81,708 5.54 %
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations
5,233 5.70 %7,795 3.61 %24,442 3.14 %51,790 5.19 %89,260 4.45 %
Non-agency residential mortgage-backed securities
— — %— — %— — %111,508 3.92 %111,508 3.92 %
Collateralized loan obligations
482,831 6.88 %— — %— — %— — %482,831 6.88 %
Corporate debt securities
— — %137,097 4.82 %10,472 5.73 %— — %147,569 4.89 %
Total securities available-for-sale
$497,279 6.81 %$144,892 4.76 %$34,914 3.95 %$245,006 4.70 %$922,091 5.77 %
Schedule of Investments Classified by Contractual Maturity Date
The following table presents the amortized cost and fair value of the investment securities portfolio as of June 30, 2023, based on the earlier of contractual maturity dates or next repricing date:
Held-to-MaturityAvailable-for-Sale
($ in thousands)Amortized CostFair ValueAmortized CostFair Value
Earlier of maturity or next repricing date:
Within one year$— $— $505,106 $497,279 
One to five years— — 171,438 144,892 
Five to ten years37,339 31,963 42,240 34,914 
Greater than ten years291,066 235,082 258,465 245,006 
Total$328,405 $267,045 $977,249 $922,091 
Schedule of Fair Value and Weighted Average Yields of Securities Held-to-Maturity
The following table presents the amortized cost and weighted average yields using amortized cost of the HTM securities portfolio as of June 30, 2023, based on the earlier of contractual maturity dates or next repricing dates:
One year or lessMore than One Year through Five YearsMore than Five Years through Ten YearsMore than Ten YearsTotal
($ in thousands)Amortized
Cost		Weighted-Average YieldAmortized
Cost		Weighted-Average YieldAmortized
Cost		Weighted-Average YieldAmortized
Cost		Weighted-Average YieldAmortized
Cost		Weighted-Average Yield
Securities held-to-maturity:
U.S. government agency and U.S. government sponsored enterprise residential mortgage-backed securities$— — %$— — %$9,344 2.52 %$143,499 2.70 %$152,843 2.69 %
U.S. government agency and U.S. government sponsored enterprise collateralized mortgage obligations— — %— — %— — %61,359 2.64 %61,359 2.64 %
Municipal securities— — %— — %27,995 2.32 %86,208 2.72 %114,203 2.62 %
Total securities held-to-maturity$— — %$— — %$37,339 2.37 %$291,066 2.69 %$328,405 2.66 %