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FHLB Advances, Other Borrowings and Junior Subordinated Notes Payable (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | The composition of borrowed funds is shown below. Average balances represent year to date averages.
|  | June 30, 2022 |  | December 31, 2021
|  | Balance |  | Weighted Average Balance |  | Weighted Average Rate |  | Balance |  | Weighted Average Balance |  | Weighted Average Rate
|  | (Dollars in Thousands)
Federal funds purchased |  | $ | — |  |  | $ | 22 |  |  | 2.01 | % |  | $ | — |  |  | $ | — |  |  | — | %
FHLB advances |  | 554,100 |  |  | 417,518 |  |  | 1.29 | % |  | 368,800 |  |  | 376,781 |  |  | 1.30 | %
Line of credit |  | — |  |  | 171 |  |  | 2.76 |  |  | 500 |  |  | 78 |  |  | 2.90 |
Other borrowings |  | 8,267 |  |  | 9,600 |  |  | 4.05 |  |  | 10,363 |  |  | 8,090 |  |  | 4.11 |
Subordinated notes payable |  | 34,275 |  |  | 35,901 |  |  | 5.27 |  |  | 23,788 |  |  | 23,766 |  |  | 5.94 |
Junior subordinated notes(1) |  | — |  |  | 4,898 |  |  | 20.58 |  |  | 10,076 |  |  | 10,068 |  |  | 11.05 |
|  | $ | 596,642 |  |  | $ | 468,110 |  |  | 1.86 |  |  | $ | 413,527 |  |  | $ | 418,783 |  |  | 1.86 |
(1)Weighted average rate of junior subordinated notes reflects the accelerated amortization of subordinated debt issuance costs as a result of the early redemption of the junior subordinated notes during the first quarter of 2022.
Schedule of Maturities of Long-term Debt | A summary of annual maturities of borrowings at June 30, 2022 is as follows:
(In Thousands) |  |
Maturities during the year ended December 31, |  |
2022 |  | $ | 338,300 |
2023 |  | 42,300 |
2024 |  | 35,500 |
2025 |  | 48,000 |
2026 |  | 60,000 |
Thereafter |  | 72,542 |
|  | $ | 596,642 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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