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Borrowings (Tables)

12 Months Ended

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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