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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds are summarized as follows:
December 31,
(Dollars in thousands)20232022
Short-term FHLB advances$70,000 $550,000 
Long-term FHLB advances6,474 6,740 
GNMA repurchase liability
— 24,569 
Overnight repurchase agreements with depositors7,124 27,921 
Correspondent short-term borrowings— 30,000 
Total FHLB advances and other borrowings$83,598 $639,230 
Subordinated indebtedness, net$194,279 $201,765 
Additional details of certain FHLB advances are as follows:
(Dollars in thousands)AmountInterest RateMaturity Date
At December 31, 2023:
Short-term FHLB advance, fixed rate$70,000 5.68 %1/5/2024
At December 31, 2022:
Short-term FHLB advance, fixed rate$450,000 4.55 %1/3/2023
Short-term FHLB advance, fixed rate100,000 4.62 1/13/2023
Schedule of Maturities of Long-term Advances
Scheduled maturities of long-term advances from the FHLB at December 31, 2023, are as follows:
(Dollars in thousands)
Years Ended December 31,
2026$465 
20271,302 
2028— 
Thereafter 4,707 
Total$6,474 
Schedule of Subordinated Indebtedness and Terms of Current Debentures
The following table is a summary of the terms of the junior subordinated debentures at December 31, 2023:
(Dollars in thousands)
Issuance Trust
Issuance DateMaturity DateAmount OutstandingRate TypeCurrent RateMaximum Rate
CTB Statutory Trust I07/200107/2031$6,702 
Variable (1)
8.94 %12.50 %
First Louisiana Statutory Trust I
09/200612/20364,124 
Variable (2)
7.45 16.00 
BT Holdings Trust I05/200709/20377,217 
Variable (3)
7.26 N/A
Par amount $18,043 
Unamortized original issue discount(1,016)
Unamortized purchase accounting discount(671)
Total junior subordinated debt at December 31, 2023
$16,356 
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(1)The trust preferred securities reprice quarterly based on the three-month average SOFR plus 3.30%, with the last reprice date on October 27, 2023.
(2)The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.80%, plus 0.26161% SOFR spread adjustment, with the last reprice date on December 13, 2023.
(3)The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.64%, plus 0.26161% SOFR spread adjustment, with the last reprice date on December 4, 2023.