XML 45 R36.htm IDEA: XBRL DOCUMENT v3.23.2

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

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

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

						June 30, 2023																		December 31, 2022
						Balance						Weighted Average Balance						Weighted Average Rate						Balance						Weighted Average Balance						Weighted Average Rate
						(Dollars in Thousands)
Federal funds purchased						$	—					$	6					5.32		%				$	—					$	14					7.42		%
FHLB advances						335,705						382,533						2.57						416,380						414,191						1.70
Line of credit						—						76						7.20						—						85						2.78
Other borrowings						—						1,210						8.26						6,088						8,624						5.23
Subordinated notes payable						34,408						34,368						4.83						34,340						35,095						5.06
Junior subordinated notes(1)						—						—						—						—						2,429						20.75
						$	370,113					$	418,193					2.78						$	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 June 30, 2023 is as follows:

(In Thousands)
Maturities during the year ended December 31,
2023						$	116,205
2024						35,500
2025						56,000
2026						60,000
2027						28,000
Thereafter						74,408
						$	370,113

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration