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FHLB Advances, Other Borrowings and Subordinated Notes and Debentures (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Composition of Borrowed Funds | The composition of borrowed funds is shown below. Average balances represent year-to-date averages.
|  | September 30, 2024 |  |  | December 31, 2023 |
|  | Balance |  |  | Weighted Average Balance |  |  | Weighted Average Rate |  |  | Balance |  |  | Weighted Average Balance |  |  | Weighted Average Rate |
|  | (Dollars in Thousands) |
Federal funds purchased |  | $ | — |  |  | $ | 2 |  |  |  | 6.31 | % |  | $ | — |  |  | $ | 3 |  |  |  | 5.37 | %
FHLB advances |  |  | 294,450 |  |  |  | 286,454 |  |  |  | 2.68 |  |  |  | 281,500 |  |  |  | 351,990 |  |  |  | 2.52 |
Line of credit |  |  | — |  |  |  | 1,642 |  |  |  | 7.76 |  |  |  | — |  |  |  | 38 |  |  |  | 7.26 |
Other borrowings |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | 20 |  |  |  | 600 |  |  |  | 8.33 |
Subordinated notes and debentures |  |  | 54,659 |  |  |  | 48,208 |  |  |  | 6.37 |  |  |  | 49,396 |  |  |  | 38,250 |  |  |  | 5.16 |
|  | $ | 349,109 |  |  | $ | 336,316 |  |  |  | 3.23 |  |  | $ | 330,916 |  |  | $ | 390,881 |  |  |  | 2.79 |
Summary of Annual Maturities of Borrowing | A summary of annual maturities of borrowings at September 30, 2024 is as follows:
(In Thousands) |  |  |
Maturities during the year ended December 31, |  |  |
2024 |  | $ | 116,000 |
2025 |  |  | 48,000 |
2026 |  |  | 65,000 |
2027 |  |  | 10,000 |
2028 |  |  | 10,450 |
Thereafter |  |  | 99,659 |
|  | $ | 349,109 |

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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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