Borrowings (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of distribution of securities sold under agreements to repurchase and short-term borrowings and weighted average interest rates

Securities sold under agreements to repurchase were as follows (dollars in thousands):

	As of
	March 31, 2023			December 31, 2022
Securities sold under agreements to repurchase	$	210,977		$	229,806
Weighted average rate for securities sold under agreements to repurchase	2.44		%	1.91		%

Schedule of short-term borrowings

Short-term borrowings are summarized as follows (dollars in thousands):

	As of
	March 31, 2023		December 31, 2022
Short-term borrowings
FHLB advances maturing in less than one year from date of origination, and the current portion of long-term FHLB advances due within 12 months	$	603,881	$	339,054
Term Loan, current portion due within 12 months	12,000		12,000
Total short-term debt	$	615,881	$	351,054

Summary of long-term debt

Long-term debt is summarized as follows (dollars in thousands):

	As of
	March 31, 2023		December 31, 2022
Long-term debt
Term Loan	$	27,000	$	30,000

Schedule of unamortized debt issuance cost

Unamortized debt issuance costs related to senior notes and subordinated notes are presented in the following table (dollars in thousands):

	As of
	March 31, 2023		December 31, 2022
Unamortized debt issuance costs
Subordinated notes issued in 2020	$	1,101	$	1,220
Subordinated notes issued in 2022	1,654		1,742
Total unamortized debt issuance costs	$	2,755	$	2,962