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Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Summary of Short term and Long term Borrowings and Subordinated Debentures

The following table summarizes the Company's borrowings for the dates indicated:

						December 31, 2024												Contractual Maturity																																				December 31, 2023
(Dollars in thousands)						Outstanding Balance						Weighted Average Contractual Rate						2025						2026						2027						2028						2029						Thereafter						Outstanding Balance						Weighted Average Contractual Rate
Short-Term Borrowings:
Customer repurchase agreements(1)						$	175,621					1.64		%				$	175,621					$	—					$	—					$	—					$	—					$	—					$	200,657					1.56		%
FHLBB and correspondent bank overnight borrowings(2)						325,000						4.62		%				325,000						—						—						—						—						—						149,950						5.53		%
BTFP						—						—		%				—						—						—						—						—						—						135,000						4.70		%
Total short-term borrowings						$	500,621					3.57		%				$	500,621					$	—					$	—					$	—					$	—					$	—					$	485,607					3.66		%
Junior Subordinated Debentures:
CCTA(2)						$	36,083					4.58		%				$	—					$	—					$	—					$	—					$	—					$	36,083					$	36,083					4.82		%
UBCT(2)						8,248						5.38		%				—						—						—						—						—						8,248						8,248						4.65		%
Total junior subordinated debentures						$	44,331					4.73		%				$	—					$	—					$	—					$	—					$	—					$	44,331					$	44,331					4.79		%

(1)    Refer to Note 10 for further discussion of customer repurchase agreements.

(2)    The Company has interest rate swap contracts on certain borrowings. Refer to Note 12 for further discussion of derivative instruments.

Schedule of Federal Home Loan Bank Advances

The terms of the Company's outstanding FHLBB borrowings, including overnight funding, were as follows for the dates indicated:

						December 31,
(Dollars in thousands)						2024												2023
Stated Maturity						Outstanding Balance						Weighted Average Contractual Rate						Outstanding Balance						Weighted Average Contractual Rate
January 2025						$	275,000					4.64		%				$	99,950					5.54		%
March 2025						50,000						4.49		%				50,000						5.51		%
Total						$	325,000											$	149,950

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