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FHLB Advances, Other Borrowings and Junior Subordinated Notes Payable (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The composition of borrowed funds is shown below. Average balances represent year to date averages.

						September 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						$	—					$	15					2.02		%				$	—					$	—					—		%
FHLB advances						377,800						422,576						1.54		%				368,800						376,781						1.30		%
Line of credit						—						114						2.77						500						78						2.90
Other borrowings						8,190						9,234						4.68						10,363						8,090						4.11
Subordinated notes payable						34,307						35,356						5.13						23,788						23,766						5.94
Junior subordinated notes(1)						—						3,247						20.69						10,076						10,068						11.05
						$	420,297					$	470,542					2.01						$	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 September 30, 2022 is as follows:

(In Thousands)
Maturities during the year ended December 31,
2022						$	136,000
2023						42,300
2024						35,500
2025						56,000
2026						60,000
Thereafter						90,497
						$	420,297

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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.

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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 https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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