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

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

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

						March 31, 2023																		December 31, 2022
						Balance						Weighted Average Balance						Weighted Average Rate						Balance						Weighted Average Balance						Weighted Average Rate
						(Dollars in Thousands)
Federal funds purchased						$	—					$	11					5.29		%				$	—					$	14					7.42		%
FHLB advances						307,500						398,109						2.47						416,380						414,191						1.70
Line of credit						—						—						—						—						85						2.78
Other borrowings						—						2,433						8.22						6,088						8,624						5.23
Subordinated notes payable						34,359						34,350						4.83						34,340						35,095						5.06
Junior subordinated notes(1)						—						—						—						—						2,429						20.75
						$	341,859					$	434,903					2.69						$	456,808					$	460,438					2.12

(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 March 31, 2023 is as follows:

(In Thousands)
Maturities during the year ended December 31,
2023						$	128,000
2024						35,500
2025						56,000
2026						60,000
2027						28,000
Thereafter						34,359
						$	341,859

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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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