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FHLB Advances, Other Borrowings and Junior Subordinated Notes (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Composition of borrowed funds | The composition of borrowed funds is shown below.
|  | December 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 |  | $ | — |  |  | $ | 3 |  |  | 5.37 | % |  | $ | — |  |  | $ | 14 |  |  | 7.42 | %
FHLB advances |  | 281,500 |  |  | 351,990 |  |  | 2.52 |  |  | 416,380 |  |  | 414,191 |  |  | 1.70 |
Line of credit |  | — |  |  | 38 |  |  | 7.26 |  |  | — |  |  | 85 |  |  | 2.78 |
Other borrowings |  | 20 |  |  | 600 |  |  | 8.33 |  |  | 6,088 |  |  | 8,624 |  |  | 5.23 |
Subordinated notes and debentures |  | 49,396 |  |  | 38,250 |  |  | 5.16 |  |  | 34,340 |  |  | 35,095 |  |  | 5.06 |
Junior subordinated notes(1) |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,429 |  |  | 20.75 |
|  | $ | 330,916 |  |  | $ | 390,881 |  |  | 2.79 |  |  | $ | 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 December 31, 2023 is as follows:
(In Thousands) |  |
Maturities during the year ended December 31, |  |
2024 |  | $ | 120,520 |
2025 |  | 48,000 |
2026 |  | 65,000 |
2027 |  | 28,000 |
2028 |  | — |
Thereafter |  | 69,396 |
|  | $ | 330,916 |

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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 -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
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