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Long-Term Borrowings | 9 Months Ended
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Sep. 30, 2022
Long-Term Debt, Unclassified [Abstract] |
Long-Term Borrowings | Long-Term Borrowings The following table presents information related to the Company's long-term borrowings as of September 30, 2022 and December 31, 2021.
(dollars in thousands) |  | September 30, 2022 |  | December 31, 2021
Subordinated Notes, 5.75% |  | $ | 70,000 |  |  | $ | 70,000 |
Less: unamortized debt issuance costs |  | (237) |  |  | (330) |
Total |  | $ | 69,763 |  |  | $ | 69,670 |
On August 5, 2014, the Company completed the sale of $70.0 million of its 5.75% subordinated notes, due September 1, 2024 (the "2024 Notes"). The 2024 Notes were offered to the public at par and qualify as Tier 2 capital for regulatory purposes to the fullest extent permitted under the Basel III Rule capital requirements. The net proceeds were approximately $68.8 million, which included $1.2 million in deferred financing costs, which are being amortized over the life of the 2024 Notes.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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