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

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table presents long-term debt, which is based on original maturity and consists of advances under the arrangement with Federal Home Loan Bank of Des Moines, junior subordinated debentures and subordinated notes as of the dates presented:

(dollars in thousands)						June 30, 2025						December 31, 2024
Long-term debt:
Federal Home Loan Bank long-term advances						$	25,000					$	50,000
Junior subordinated debentures						51,547						51,547
Subordinated notes, net of unamortized debt issuance costs						54,919						54,798
Total						$	131,466					$	156,345

The following table presents the Company's subordinated notes outstanding as of the dates presented:

(dollars in thousands)

Description

June 30, 2025

December 31, 2024

Interest Rate

October 2020 Private Placement

$

55,000

$

55,000

4.75% for the first five years. Resets quarterly thereafter to the then current three-month SOFR plus 456 basis points. The subordinated notes are due in 2030 but are callable quarterly beginning on November 1, 2025.

Schedule of Subordinated Borrowing

The following table presents the Company's junior subordinated debentures outstanding, which are recorded in long-term debt on the Company's consolidated balance sheets as of the dates presented:

(dollars in thousands)
Name of Trust						June 30, 2025												December 31, 2024						Interest Rate
CPB Capital Trust IV						$	30,928											$	30,928					Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 2.45%
CPB Statutory Trust V						20,619												20,619						Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 1.87%
Total						$	51,547											$	51,547

Schedule of Maturities of Long-Term Debt

At June 30, 2025, future principal payments on long-term debt based on redemption date or final maturity are as follows. The $55.0 million in subordinated notes due in 2030 are callable quarterly beginning November 1, 2025.

(dollars in thousands)
Year Ending December 31,
2025 (remainder)						$	—
2026						—
2027						—
2028						25,000
2029						—
2030						55,000
Thereafter						51,547
Total						$	131,547

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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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