XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.25.2

SUBORDINATED DEBT (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Subordinated Borrowings [Abstract] |
Schedule of Summary of Company's Subordinated Debt | The following table summarizes the Company’s subordinated debt at June 30, 2025 and December 31, 2024:
| Subordinated debt
| Fixed to Float |  |  |  |
(dollars in thousands) | Issued September 2019 |  | Issued September 2019 |  |  |  | Total
At June 30, 2025 |  |  |  |  |  |  |
Outstanding amount | $ | 50,750 |  |  | $ | 27,004 |  |  |  |  | $ | 77,754 |
Carrying amount | 50,750 |  |  | 27,009 |  |  |  |  | 77,759 |
Current rate | 7.91 | % |  | 5.50 | % |  |  |  |
At December 31, 2024 |  |  |  |  |  |  |
Outstanding amount | $ | 50,750 |  |  | $ | 27,250 |  |  |  |  | $ | 78,000 |
Carrying amount | 50,750 |  |  | 26,999 |  |  |  |  | 77,749 |
Current rate | 7.94 | % |  | 5.50 | % |  |  |  |
Maturity date | 9/30/2029 |  | 9/30/2034 |  |  |  |
Optional redemption date | 9/30/2024 |  | 9/30/2029 |  |  |  |
Fixed to variable conversion date | 9/30/2024 |  | 9/30/2029 |  |  |  |
Variable rate | 3-month SOFR plus 3.61% |  | 3-month SOFR plus 4.05% |  |  |  |
Interest payment terms | Semiannually through 9/30/2024; Quarterly for all subsequent periods |  | Semiannually through 9/30/2029; Quarterly for all subsequent periods |  |  |  |

X
- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 + Details
Name: | us-gaap_ScheduleOfSubordinatedBorrowingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SubordinatedBorrowingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration