SUBORDINATED DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Subordinated Debt [Abstract]

Schedule of Subordinated Debt

The following table lists outstanding subordinated debt as of December 31, 2024 and 2023.

	2024		2023
Subordinated debentures	$	23,946	$	23,594
Subordinated notes		73,531		73,327
Total	$	97,477	$	96,921

At December 31, 2024 and 2023, the contractual balance and the unamortized fair value adjustments were as shown below.

	2024								2023
				Weighted Average Rate			Weighted Average Term in Years					Weighted Average Rate			Weighted Average Term in Years
CTII subordinated debentures	$	10,310			6.92	%		10.3	$	10,310			7.66	%		11.3
CTIII subordinated debentures		5,155			6.51	%		12.5		5,155			7.54	%		13.5
CFSTI subordinated debentures		5,155			7.84	%		8.0		5,155			8.87	%		9.0
ASBII subordinated debentures		7,732			6.42	%		10.7		7,732			7.45	%		11.7
Total contractual balance		28,352								28,352
Fair market value adjustments		(4,406	)							(4,758	)
Total subordinated debentures	$	23,946							$	23,594

Schedule of Subordinated Notes

Subordinated notes as of December 31, 2024, and December 31, 2023, are listed below.

	December 31, 2024								December 31, 2023
				Weighted Average Rate			Weighted Average Term in Years					Weighted Average Rate			Weighted Average Term in Years
Subordinated notes	$	75,000			7.00	%		5.5	$	75,000			7.00	%		6.5
Total principal outstanding		75,000								75,000
Debt issuance cost		(1,469	)							(1,673	)
Total subordinated notes	$	73,531							$	73,327

Summary of Future Principal Repayments

Future principal repayments of the December 31, 2024, outstanding balances for all borrowings are as follows.

	Retail Repurchase Agreements		FHLB Advances		Subordinated Debentures		Subordinated Notes		FRB Borrowings		Total
Due in one year or less	$	37,246	$	178,073	$	—	$	—	$	—	$	215,319
Due after one year through two years		—		—		—		—		—		—
Due after two years through three years		—		—		—		—		—		—
Due after three years through four years		—		—		—		—		—		—
Due after four years through five years		—		—		—		—		—		—
Thereafter		—		—		23,946		73,531		—		97,477
Total	$	37,246	$	178,073	$	23,946	$	73,531	$	—	$	312,796