XML 128 R91.htm IDEA: XBRL DOCUMENT v3.22.2.2
Borrowings and Subordinated Debentures - Additional Information (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Apr. 08, 2022
Jun. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Sep. 30, 2020
Debt Instrument [Line Items]          
Proceeds from unsecured lines of credit     $ 51,000    
Borrowings under line of credit   $ 0 $ 0 $ 0  
Subordinated notes [Member]          
Debt Instrument [Line Items]          
Debt Instrument, principal amount $ 20,000       $ 20,000
Subordinated borrowing due date     Apr. 15, 2032 Oct. 01, 2030  
Subordinated borrowing interest rate 4.50%     5.00%  
Subordinated borrowing interest rate basis     The Notes, which mature on April 15, 2032, bear interest at a fixed annual rate of 4.50% for the period up to but excluding April 15, 2027 (the “Fixed Interest Rate Period”). From April 15, 2027 until maturity or redemption (the “Floating Interest Rate Period”), the interest rate will adjust to a floating rate equal to a benchmark rate, which is expected to be the then-current three-month Secured Overnight Financing Rate (SOFR), plus 203 basis points. The Company will pay interest in arrears semi-annually during the Fixed Interest Rate Period and quarterly during the Floating Interest Rate Period. The notes mature October 1, 2030 and will initially bear interest at a fixed rate of 5.0% until October 1, 2025. From October 1, 2025 to the stated maturity date or early redemption date, the interest rate will reset semi-annually to an annual floating rate equal to the then-current three-month term Secured Overnight Financing Rate (SOFR) plus a spread of 475 basis points, but no less than 5.0%  
Proceeds from contributed capital   $ 15,000      
Long-term debt, fixed interest percentage rate   4.50% 4.50%    
Subordinated notes [Member] | Director [Member]          
Debt Instrument [Line Items]          
Debt Instrument, principal amount $ 7,000        
Subordinated notes [Member] | Minimum [Member]          
Debt Instrument [Line Items]          
Subordinated borrowing interest rate       5.00%  
Subordinated notes [Member] | Secured Overnight Financing Rate (SOFR) [Member]          
Debt Instrument [Line Items]          
Basis points spread     203.00% 475.00%