XML 58 R45.htm IDEA: XBRL DOCUMENT v3.24.0.1
JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES (Tables)
12 Months Ended
Dec. 31, 2023
Junior Subordinated Deferrable Interest Debentures [Abstract]  
Schedule of contractual terms of subordinated debentures

The following is a summary of the contractual terms of the subordinated debentures due to the Grantor Trusts at the date indicated:

December 31, 2023

 

Subordinated debenture

    

Gross

    

Fair value discount

    

Net

    

Interest rate

    

Effective rate

 

BFC Trust

$

3,093

$

(268)

$

2,825

 

8.39

%  

8.74

%

FULB Trust

 

6,392

 

(652)

 

5,740

 

8.15

%  

8.75

%

Total

$

9,485

$

(920)

$

8,565

 

8.23

%  

8.75

%

December 31, 2022

 

Subordinated debenture

    

Gross

    

Fair value discount

    

Net

    

Interest rate

    

Effective Rate

 

BFC Trust

$

3,093

$

(290)

$

2,803

 

7.49

%  

5.14

%

FULB Trust

6,392

 

(711)

 

5,681

 

7.27

%  

5.27

%

Total

$

9,485

$

(1,001)

$

8,484

 

7.34

%  

5.23

%