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LONG-TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The following table presents our long-term debt as of the dates indicated:
June 30, 2023December 31, 2022
($ in thousands)Interest
Rate		Maturity
Date		Par
Value		Unamortized Debt Issuance Cost and DiscountPar
Value		Unamortized Debt Issuance Cost and Discount
Senior notes
5.25%
4/15/2025$174,000 $(609)$175,000 $(722)
Subordinated notes(1)
4.375%
10/30/203085,000 (1,797)85,000 (1,899)
PMB Statutory Trust III, junior subordinated debentures
SOFR + 3.40%
9/26/20327,217 — 7,217 — 
PMB Capital Trust III, junior subordinated debentures
SOFR + 2.00%
10/8/203410,310 — 10,310 — 
Total$276,527 $(2,406)$277,527 $(2,621)

(1) The Subordinated Notes bear interest at an initial fixed rate of 4.375% per annum, payable semi-annually in arrears. From and including October 30, 2025 to, but excluding, the maturity date or the date of earlier redemption, the Subordinated Notes bear interest at a floating rate per annum equal to a benchmark rate, which is expected to be 3-Month Term SOFR, plus a spread of 419.5 basis points, payable quarterly in arrears.