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Borrowings (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of distribution of securities sold under agreements to repurchase and short-term borrowings and weighted average interest rates Securities sold under agreements to repurchase were as follows (dollars in thousands):
As of
June 30,
2023
December 31,
2022
Securities sold under agreements to repurchase$202,953 $229,806 
Weighted average rate for securities sold under agreements to repurchase2.64 %1.91 %
Schedule of short-term borrowings Short-term borrowings are summarized as follows (dollars in thousands):
As of
June 30,
2023
December 31,
2022
Short-term borrowings
FHLB advances maturing in less than one year from date of origination, and the current portion of long-term FHLB advances due within 12 months$200,000 $339,054 
Term Loan, current portion due within 12 months12,000 12,000 
Total short-term debt$212,000 $351,054 
Summary of long-term debt Long-term debt is summarized as follows (dollars in thousands):
As of
June 30,
2023
December 31,
2022
Long-term debt
Term Loan$24,000 $30,000 
Schedule of unamortized debt issuance cost
Unamortized debt issuance costs related to senior notes and subordinated notes are presented in the following table (dollars in thousands):
As of
June 30,
2023
December 31,
2022
Unamortized debt issuance costs
Subordinated notes issued in 2020$981 $1,220 
Subordinated notes issued in 20221,565 1,742 
Total unamortized debt issuance costs$2,546 $2,962