Subordinated Notes	6 Months Ended
Jun. 30, 2025
Subordinated Borrowings [Abstract]
Subordinated Notes	SUBORDINATED NOTESOn May 21, 2020, the Company issued $63.3 million of 5.75% fixed-to-floating rate subordinated notes due in 2030 in a public offering (the “2030 Notes”). From the date of issuance, the 2030 Notes bore interest at a rate equal to 5.75% per annum, payable semiannually in arrears on each June 1 and December 1. Beginning June 1, 2025, the 2030 Notes will bear interest at a floating rate per annum equal to a benchmark rate of three-month term SOFR (as defined in the Indenture, dated May 21, 2020, between the Company and U.S. Bank National Association, as trustee, and subsequent First Supplemental Indenture), plus 566.0 basis points. At June 30, 2025, the 2030 Notes bore interest at a floating rate equal to 9.98% per annum, payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year. The Company may, at its option, beginning on September 1, 2025 and on any scheduled interest payment date thereafter, redeem the 2030 Notes. In July 2025, the Company gave notice of full redemption of the 2030 notes for the next call date on September 1, 2025. The Company’s obligation to make payments of principal and interest on the 2030 Notes is subordinate and junior in right of payment to all of its senior debt. The subordinated debt was treated as tier 2 regulatory capital for the first five years of its term, but will be phased out of tier 2 capital on a pro rata basis over the next five years beginning with the second quarter of 2025.

Subordinated Notes

6 Months Ended

Jun. 30, 2025

SUBORDINATED NOTESOn May 21, 2020, the Company issued $63.3 million of 5.75% fixed-to-floating rate subordinated notes due in 2030 in a public offering (the “2030 Notes”). From the date of issuance, the 2030 Notes bore interest at a rate equal to 5.75% per annum, payable semiannually in arrears on each June 1 and December 1. Beginning June 1, 2025, the 2030 Notes will bear interest at a floating rate per annum equal to a benchmark rate of three-month term SOFR (as defined in the Indenture, dated May 21, 2020, between the Company and U.S. Bank National Association, as trustee, and subsequent First Supplemental Indenture), plus 566.0 basis points. At June 30, 2025, the 2030 Notes bore interest at a floating rate equal to 9.98% per annum, payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year. The Company may, at its option, beginning on September 1, 2025 and on any scheduled interest payment date thereafter, redeem the 2030 Notes. In July 2025, the Company gave notice of full redemption of the 2030 notes for the next call date on September 1, 2025. The Company’s obligation to make payments of principal and interest on the 2030 Notes is subordinate and junior in right of payment to all of its senior debt. The subordinated debt was treated as tier 2 regulatory capital for the first five years of its term, but will be phased out of tier 2 capital on a pro rata basis over the next five years beginning with the second quarter of 2025.