Federal Home Loan Bank Advances and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following table presents details of the Company’s FHLB advances and long-term debt as of December 31, 2025 and 2024:

			December 31,
			2025		2024
($ in thousands)	Interest Rate	Maturity Dates	Amount		Amount
Parent company
Junior subordinated debt (1) — floating	5.53%	12/15/2035	$	32,320	$	32,001
Bank
FHLB advances (2):
Floating (3)	3.87% — 3.96%	2026	$	2,000,000	$	3,000,000
Fixed	3.87% — 4.01%	2026	750,000		500,000
Overnight (4)	4.02%	1/2/2026	250,000		—
Total FHLB advances			$	3,000,000	$	3,500,000

(1)As of December 31, 2025, the outstanding junior subordinated debt was issued by MCBI Statutory Trust I and had a stated interest rate of 3-month CME Term Secured Overnight Financing Rate ("SOFR") + 1.81%. The contractual interest rates for junior subordinated debt were 5.53% and 6.17% as of December 31, 2025 and 2024, respectively.

(2)The weighted-average interest rate for FHLB advances was 3.94% as of December 31, 2025.

(3)Floating interest rates are based on the SOFR plus the established spread.

(4)Overnight interest rates are based on the Standard Credit Program’s Advance Rate, as published by the FHLB.