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Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of 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)						Nine Months Ended September 30, 2024						Year Ended December 31, 2023
Balance at end of period						$	—					$	—
Average balance during the period						29						17,542
Maximum month-end balance						—						—
Weighted-average rate during the period						5.99		%				5.07		%
Weighted-average rate at end of period						—		%				—		%

Schedule of Information Related to Repurchase Agreements

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

(Dollars in thousands)						Nine Months Ended September 30, 2024						Year Ended December 31, 2023
Balance at end of period						$	4,755					$	4,821
Average balance during the period						3,334						5,662
Maximum month-end balance						4,755						10,041
Weighted-average rate during the period						0.92		%				0.02		%
Weighted-average rate at end of period						2.37		%				0.01		%

Schedule of Information Related to Subordinated Debt

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

(Dollars in thousands)						Nine Months Ended September 30, 2024						Year Ended December 31, 2023
Balance at end of period						$	73,725					$	73,540
Average balance during the period						73,634						73,415
Maximum month-end balance						73,725						73,540
Weighted-average rate during the period						4.05		%				4.38		%
Weighted-average rate at end of period						4.01		%				4.02		%

Schedule of 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)						Nine Months Ended September 30, 2024						Year Ended December 31, 2023
Balance at end of period						$	—					$	6,786
Average balance during the period						3,146						9,007
Maximum month-end balance						6,794						9,768
Weighted-average rate during the period						11.21		%				8.50		%
Weighted-average rate at end of period						—		%				8.76		%

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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
-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

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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
-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

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