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SHORT-TERM BORROWINGS AND LONG-TERM DEBT - (Tables) | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Subordinated Borrowing | At March 31, 2023 and December 31, 2022, the Company had the following junior subordinated debentures outstanding, which are recorded in long-term debt on the Company's consolidated balance sheets:
(dollars in thousands) |  |  |  |  |  |
Name of Trust |  | March 31, 2023 |  | December 31, 2022 |  | Interest Rate
Trust IV |  | $ | 30,928 |  |  | $ | 30,928 |  |  | Three month LIBOR + 2.45%
Trust V |  | 20,619 |  |  | 20,619 |  |  | Three month LIBOR + 1.87%
Total |  | $ | 51,547 |  |  | $ | 51,547 |  |  |
Schedule of Long-term Debt Instruments | As of March 31, 2023 and December 31, 2022, the Company had the following subordinated notes outstanding:
(dollars in thousands) |  |  |  |
Description |  | March 31, 2023 |  | 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) |  |  |  |
Description |  | December 31, 2022 |  | 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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