XML 45 R36.htm IDEA: XBRL DOCUMENT
v3.23.3

FHLB Advances, Other Borrowings and Junior Subordinated Notes Payable (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | The composition of borrowed funds is shown below. Average balances represent year-to-date averages.
|  | September 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 |  | $ | — |  |  | $ | 4 |  |  | 5.35 | % |  | $ | — |  |  | $ | 14 |  |  | 7.42 | %
FHLB advances |  | 314,500 |  |  | 368,913 |  |  | 2.54 |  |  | 416,380 |  |  | 414,191 |  |  | 1.70 |
Line of credit |  | — |  |  | 50 |  |  | 7.24 |  |  | — |  |  | 85 |  |  | 2.78 |
Other borrowings |  | — |  |  | 802 |  |  | 8.31 |  |  | 6,088 |  |  | 8,624 |  |  | 5.23 |
Subordinated notes and debentures |  | 49,391 |  |  | 34,495 |  |  | 4.84 |  |  | 34,340 |  |  | 35,095 |  |  | 5.06 |
Junior subordinated notes(1) |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,429 |  |  | 20.75 |
|  | $ | 363,891 |  |  | $ | 404,264 |  |  | 2.75 |  |  | $ | 456,808 |  |  | $ | 460,438 |  |  | 2.12 |
(1)Weighted average rate of junior subordinated notes and debentures 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, 2023 is as follows:
(In Thousands) |  |
Maturities during the year ended December 31, |  |
2023 |  | $ | 103,000 |
2024 |  | 35,500 |
2025 |  | 48,000 |
2026 |  | 60,000 |
2027 |  | 28,000 |
Thereafter |  | 89,391 |
|  | $ | 363,891 |

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