Funds Borrowed (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Balances of Funds Borrowed

The following table presents outstanding balances of funds borrowed.

	Payments Due for the Twelve Months Ending June 30,
(Dollars in thousands)	2025		2026		2027		2028		2029		Thereafter		June 30, 2024 (1)		December 31, 2023(1)		Interest Rate (2)
Deposits (3)	$	867,211	$	391,277	$	433,022	$	118,517	$	199,629	$	—	$	2,009,656	$	1,869,439		3.50	%
Retail and privately placed notes		—		31,250		—		53,750		39,000		17,500		141,500		139,500		8.10
SBA debentures and borrowings		12,500		15,500		4,500		—		2,500		37,750		72,750		75,250		3.54
Trust preferred securities		—		—		—		—		—		33,000		33,000		33,000		7.73
Federal reserve and other borrowings		25,000		—		—		—		—		—		25,000		—		5.50
Total	$	904,711	$	438,027	$	437,522	$	172,267	$	241,129	$	88,250	$	2,281,906	$	2,117,189		3.87	%

(1)Excludes deferred financing costs of $8.6 million and $8.5 million as of June 30, 2024 and December 31, 2023.

(2)Weighted average contractual rate as of June 30, 2024.

(3)Balance excludes $1.8 million and $1.5 million of strategic partner reserve deposits as of June 30, 2024 and December 31, 2023.

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

The following table presents the maturity of the deposit pools, which includes strategic partner reserve deposits, as of June 30, 2024.

(Dollars in thousands)	June 30, 2024
Three months or less	$	237,363
Over three months through six months		151,130
Over six months through one year		478,718
Over one year		1,142,445
Deposits		2,009,656
Strategic partner collateral deposits		1,750
Total deposits	$	2,011,406