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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Summary of Borrowed Funds | Borrowed funds are summarized as follows:
| December 31,
(Dollars in thousands) | 2021 |  | 2020
Overnight repurchase agreements with depositors | $ | 9,447 |  |  | $ | 8,408 |
Short-term FHLB advances | — |  |  | 650,000 |
GNMA repurchase liability | 43,355 |  |  | 55,485 |
Long-term FHLB advances | 256,999 |  |  | 270,715 |
Total FHLB advances and other borrowings | $ | 309,801 |  |  | $ | 984,608 |
Subordinated indebtedness, net | $ | 157,417 |  |  | $ | 157,181 |
Additional details of certain FHLB advances are as follows:
(Dollars in thousands) | Amount |  | Interest Rate |  | Maturity Date
At December 31, 2021: |  |  |  |  |
Long-term FHLB advance, callable quarterly, fixed rate | $ | 250,000 |  |  | 1.65 | % |  | 8/23/2033
At December 31, 2020: |  |  |  |  |
Short-term FHLB advance, fixed rate | 650,000 |  |  | 0.10 |  |  | 1/4/2021
Long-term FHLB advance, callable quarterly, fixed rate | 250,000 |  |  | 1.65 |  |  | 8/23/2033
Schedule of Maturities of Long-term Advances | Scheduled maturities of long-term advances from the FHLB at December 31, 2021, are as follows:
(Dollars in thousands) |  |
Years Ended December 31, |  |
2022 | $ | 258 |  |
2023 | 267 |  |
2024 | 276 |  |
2025 | 285 |  |
2026 | 703 |  |
Thereafter (1) | 255,210 |  |
Total | $ | 256,999 |  |
__________________________ (1)Includes a FHLB advances totaling $250.0 million callable quarterly with a final maturity in 2033, carrying a rate of 1.65%.
Summary of Terms of Current Debentures | The following table is a summary of the terms of the current junior subordinated debentures at December 31, 2021:
(Dollars in thousands) Issuance Trust | Issuance Date |  | Maturity Date |  | Amount Outstanding |  | Rate Type |  | Current Rate |  | Maximum Rate
CTB Statutory Trust I | 07/2001 |  | 07/2031 |  | $ | 6,702 |  |  | Variable (1) |  | 3.43 | % |  | 12.50 | %
First Louisiana Statutory Trust I | 09/2006 |  | 12/2036 |  | 4,124 |  |  | Variable (2) |  | 2.00 |  |  | 16.00 |
|  |  |  |  | $ | 10,826 |  |  |  |  |  |  |
____________________________ (1)The trust preferred securities reprice quarterly based on the three-month LIBOR plus 3.30%, with the last reprice date on October 28, 2021. (2)The trust preferred securities reprice quarterly based on the three-month LIBOR plus 1.80%, with the last reprice date on December 13, 2021.

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