XML 43 R36.htm IDEA: XBRL DOCUMENT
v3.25.2

Short-Term and Other Borrowings (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Debt Disclosure [Abstract] |
Summary of Federal Funds Purchased, Securities Sold Under Agreements to Repurchase and Other Short-term Borrowings | Short-term borrowings, which consist of federal funds purchased and short-term FHLB advances, are summarized as follows:
|  | June 30, 2025 |  |  | December 31, 2024 |
|  | Short-term Borrowings |  |  | Short-term Borrowings |
Fed Funds Purchased |  | $ | — |  |  | $ | — |
FHLB Advances: |  |  |  |  |  |
Overnight advances |  | $ | 433,500 |  |  | $ | 339,000 |
Interest rate on balance |  |  | 4.42 | % |  |  | 4.42 | %
Total Short-term FHLB Advances |  | $ | 433,500 |  |  | $ | 339,000 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Short-term Borrowings |  |  | Short-term Borrowings |  |  | Short-term Borrowings |  |  | Short-term Borrowings |
Maximum indebtedness |  | $ | 465,000 |  |  | $ | 501,500 |  |  | $ | 465,000 |  |  | $ | 501,500 |
Rate |  |  | 4.44 | % |  |  | 5.48 | % |  |  | 4.44 | % |  |  | 5.48 | %
End of period balance |  | $ | 433,500 |  |  | $ | 500,500 |  |  | $ | 433,500 |  |  | $ | 500,500 |
Rate |  |  | 4.42 | % |  |  | 5.43 | % |  |  | 4.42 | % |  |  | 5.43 | %
Average balance |  |  | 412,545 |  |  |  | 440,670 |  |  |  | 384,224 |  |  |  | 384,679 |
Rate |  |  | 4.42 | % |  |  | 5.46 | % |  |  | 4.42 | % |  |  | 5.45 | %
Average balance during the period represents daily averages. Average rate paid represents interest expense divided by the related average balances. The following table summarizes the Company's subordinated debentures at June 30, 2025 and December 31, 2024.
|  | June 30, 2025 |  |  | December 31, 2024 |
|  | Subordinated Debentures |  |  | Subordinated Debentures |
Subordinated Debentures: |  |  |  |  |  |
First Citizens Statutory Trust II |  | $ | 7,732 |  |  | $ | 7,732 |
First Citizens Statutory Trust III |  |  | 12,887 |  |  |  | 12,887 |
First Citizens Statutory Trust IV |  |  | 5,155 |  |  |  | 5,155 |
Futura TPF Trust I |  |  | 2,578 |  |  |  | 2,578 |
Futura TPF Trust II |  |  | 1,997 |  |  |  | 1,997 |
Long-Term Subordinated Debentures, net of unamortized debt issuance costs |  |  | 73,823 |  |  |  | 73,740 |
Total Subordinated Debentures |  | $ | 104,172 |  |  | $ | 104,089 |

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 short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration