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SHORT-TERM BORROWINGS AND LONG-TERM DEBT - (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing

At September 30, 2022 and December 31, 2021, the Company had the following junior subordinated debentures outstanding, which is recorded in long-term debt on the Company's consolidated balance sheets:

(dollars in thousands)			September 30, 2022
Name of Trust			Subordinated Debentures						Interest Rate
Trust IV			$	30,928					Three month LIBOR + 2.45%
Trust V			20,619						Three month LIBOR + 1.87%
Total			$	51,547
			December 31, 2021
Name of Trust			Subordinated Debentures						Interest Rate
Trust IV			$	30,928					Three month LIBOR + 2.45%
Trust V			20,619						Three month LIBOR + 1.87%
Total			$	51,547

Schedule of Long-term Debt Instruments

As of September 30, 2022 and December 31, 2021, the Company had the following subordinated notes outstanding:

(Dollars in thousands)			September 30, 2022
Name			Amount of Subordinated Notes						Interest Rate
October 2020 Private Placement			$	55,000					4.75% for the first five years. Resets quarterly thereafter to the then current three-month SOFR plus 456 basis points.
(Dollars in thousands)			December 31, 2021
Name of Trust			Amount of Subordinated Debentures						Interest Rate
October 2020 Private Placement			$	55,000					4.75% for the first five years. Resets quarterly thereafter to the then current three-month SOFR plus 456 basis points.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

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