Funds Borrowed (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Balances of Funds Borrowed

The outstanding balances of funds borrowed were as follows:

	Payments Due for the Twelve Months Ending June 30,
(Dollars in thousands)	2023		2024		2025		2026		2027		Thereafter		June 30, 2022(1)		December 31, 2021(1)		Interest Rate (2)
Deposits (3)	$	394,619	$	347,548	$	412,380	$	131,077	$	186,452	$	—	$	1,472,076	$	1,253,288		1.46	%
Privately placed notes		—		36,000		—		31,250		—		53,750		121,000		121,000		7.66
SBA debentures and borrowings		5,000		10,429		12,500		15,500		4,500		21,000		68,929		69,963		2.94
Preferred securities		—		—		—		—		—		33,000		33,000		33,000		3.75
Total	$	399,619	$	393,977	$	424,880	$	177,827	$	190,952	$	107,750	$	1,695,005	$	1,477,251		2.00	%

(1)Excludes deferred financing costs of $7.4 million and $7.1 million as of June 30, 2022 and December 31, 2021.

(2)Weighted average contractual rate as of June 30, 2022.

Balance excludes $1.0 million and $0.8 million of strategic partner reserve deposits as of June 30, 2022 and December 31, 2021.

Summary of Maturity of Broker Pools, Excluding Strategic Partner Reserve Deposits

The following table presents the maturity of the deposit pools, which excludes strategic partner reserve deposits, as of June 30, 2022.

(Dollars in thousands)	June 30, 2022
Three months or less	$	83,985
Over three months through six months		85,568
Over six months through one year		225,066
Over one year		1,077,457
Total deposits	$	1,472,076