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Borrowed Funds (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Information Related to Short-term Borrowings

The following table presents information related to short-term borrowings as of and for the periods indicated:

(Dollars in thousands)						Three Months Ended March 31, 2023						Year Ended December 31, 2022
Balance at end of period						$	—					$	102,333
Average balance during the period						71,166						15,494
Maximum month-end balance						—						102,333
Weighted-average rate during the period						5.06		%				2.82		%
Weighted-average rate at end of period						—		%				4.45		%

Information Related to Repurchase Agreements

The following table presents information related to repurchase agreements as of and for the periods shown:

(Dollars in thousands)						Three Months Ended March 31, 2023						Year Ended December 31, 2022
Balance at end of period						$	5,419					$	10,037
Average balance during the period						7,612						10,987
Maximum month-end balance						10,041						12,680
Weighted-average rate during the period						0.05		%				0.05		%
Weighted-average rate at end of period						0.01		%				0.06		%

Information Related to Subordinated Debt

The following table presents information related to subordinated debt as of and for the periods shown:

(Dollars in thousands)						Three Months Ended March 31, 2023						Year Ended December 31, 2022
Balance at end of period						$	73,350					$	73,286
Average balance during the period						73,318						73,159
Maximum month-end balance						73,350						73,286
Weighted-average rate during the period						4.41		%				4.20		%
Weighted-average rate at end of period						3.97		%				3.97		%

Information Related to Senior Term Loan

The following table presents information related to senior term loan as of and for the periods shown:

(Dollars in thousands)						Three Months Ended March 31, 2023						Year Ended December 31, 2022
Balance at end of period						$	9,647					$	9,765
Average balance during the period						9,765						2,328
Maximum month-end balance						9,768						9,886
Weighted-average rate during the period						8.06		%				7.00		%
Weighted-average rate at end of period						8.27		%				7.44		%

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- Definition

Schedule Of Secured Debt

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- Definition

The entire disclosure for repurchase agreements.

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822

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