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v3.23.1

Borrowings (Tables) | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | The following tables present information regarding the Company’s outstanding borrowings at March 31, 2023 and December 31, 2022 (dollars in thousands):
Description |  | Due date |  | Call Feature |  | March 31, 2023 |  | Interest Rate
FHLB Principal Reducing Credit |  | 7/24/2023 |  | None |  | $ | 20 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 12/22/2023 |  | None |  | 901 |  |  | 1.25% fixed
FHLB Principal Reducing Credit |  | 6/26/2028 |  | None |  | 211 |  |  | 0.25% fixed
FHLB Principal Reducing Credit |  | 7/17/2028 |  | None |  | 36 |  |  | 0.00% fixed
FHLB Principal Reducing Credit |  | 8/18/2028 |  | None |  | 157 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 8/22/2028 |  | None |  | 157 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 12/20/2028 |  | None |  | 325 |  |  | 0.50% fixed
FHLB Daily Rate Credit |  | 4/3/2023 |  | None |  | 80,000 |  |  | 4.74% fixed
FHLB Fixed Rate Credit |  | 4/10/2023 |  | None |  | 70,000 |  |  | 4.78% fixed
FHLB Fixed Rate Credit |  | 4/13/2023 |  | None |  | 50,000 |  |  | 4.88% fixed
FHLB Fixed Rate Credit |  | 9/13/2023 |  | None |  | 300,000 |  |  | 5.17% fixed
FHLB Fixed Rate Hybrid |  | 9/29/2023 |  | None |  | 5,000 |  |  | 0.40% fixed
Trust Preferred Securities |  | 1/23/2034 |  | Quarterly by Company beginning 1/23/2009 |  | 10,310 |  |  | 7.45% at 3/31/23 adjustable rate 3 month LIBOR + 2.65%
Trust Preferred Securities |  | 1/23/2034 |  | Quarterly by Company beginning 1/23/2009 |  | 10,310 |  |  | 7.55% at 3/31/23 adjustable rate 3 month LIBOR + 2.75%
Trust Preferred Securities |  | 9/20/2034 |  | Quarterly by Company beginning 9/20/2009 |  | 12,372 |  |  | 7.11% at 3/31/23 adjustable rate 3 month LIBOR + 2.15%
Trust Preferred Securities |  | 1/7/2035 |  | Quarterly by Company beginning 1/7/2010 |  | 10,310 |  |  | 6.83% at 3/31/23 adjustable rate 3 month LIBOR + 2.00%
Trust Preferred Securities |  | 6/15/2036 |  | Quarterly by Company beginning 6/15/2011 |  | 25,774 |  |  | 6.16% at 3/31/23 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities |  | 6/23/2036 |  | Quarterly by the Company beginning 6/23/11 |  | 8,248 |  |  | 6.87% at 3/31/23 adjustable rate 3 month LIBOR + 1.85%
Subordinated Debentures |  | 11/30/2028 |  | Semi-annually by Company beginning 11/30/2023 |  | 10,000 |  |  | 6.50% fixed
Subordinated Debentures |  | 11/15/2030 |  | Semi-annually by Company beginning 11/15/2025 |  | 18,000 |  |  | 4.38% fixed
Total borrowings / weighted average rate as of March 31, 2023 |  | 612,131 |  |  | 5.20%
Unamortized discount on acquired borrowings |  |  |  | (5,650) |  |  |
Total borrowings |  |  |  |  |  | $ | 606,481 |  |  |
Description |  | Due date |  | Call Feature |  | December 31, 2022 |  | Interest Rate
FHLB Principal Reducing Credit |  | 7/24/2023 |  | None |  | $ | 32 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 12/22/2023 |  | None |  | 912 |  |  | 1.25% fixed
FHLB Principal Reducing Credit |  | 6/26/2028 |  | None |  | 214 |  |  | 0.25% fixed
FHLB Principal Reducing Credit |  | 7/17/2028 |  | None |  | 38 |  |  | 0.00% fixed
FHLB Principal Reducing Credit |  | 8/18/2028 |  | None |  | 158 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 8/22/2028 |  | None |  | 159 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 12/20/2028 |  | None |  | 329 |  |  | 0.50% fixed
FHLB Daily Rate Credit |  | 8/23/2023 |  | None |  | 40,000 |  |  | 4.57% fixed
FHLB Fixed Rate Credit |  | 1/9/2023 |  | None |  | 50,000 |  |  | 4.15% fixed
FHLB Fixed Rate Credit |  | 2/1/2023 |  | None |  | 80,000 |  |  | 4.25% fixed
FHLB Fixed Rate Credit |  | 2/9/2023 |  | None |  | 50,000 |  |  | 4.35% fixed
Trust Preferred Securities |  | 1/23/2034 |  | Quarterly by Company beginning 1/23/2009 |  | 10,310 |  |  | 7.06% at 12/31/22 adjustable rate 3 month LIBOR + 2.65%
Trust Preferred Securities |  | 1/23/2034 |  | Quarterly by Company beginning 1/23/2009 |  | 10,310 |  |  | 7.16% at 12/31/22 adjustable rate 3 month LIBOR + 2.75%
Trust Preferred Securities |  | 6/15/2036 |  | Quarterly by Company beginning 6/15/2011 |  | 25,774 |  |  | 6.16% at 12/31/22 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities |  | 9/20/2034 |  | Quarterly by Company beginning 9/20/2009 |  | 12,372 |  |  | 6.90% at 12/31/22 adjustable rate 3 month LIBOR + 2.15%
Trust Preferred Securities |  | 1/7/2035 |  | Quarterly by Company beginning 1/7/2010 |  | 10,310 |  |  | 6.08% at 12/31/22 adjustable rate 3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2022 |  | 290,918 |  |  | 4.82%
Unamortized discount on acquired borrowings |  |  |  | (3,411) |  |  |
Total borrowings |  |  |  |  |  | $ | 287,507 |  |  |

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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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