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OTHER BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Other Borrowings
Other borrowings consist of the following:
December 31,
(dollars in thousands)20242023
FHLB borrowings:
Fixed Rate Advance due January 10, 2024; fixed interest rate of 5.450%
$— $50,000 
Fixed Rate Advance due January 17, 2024; fixed interest rate of 5.460%
— 100,000 
Fixed Rate Advance due January 21, 2025; fixed interest rate of 4.430%
50,000 — 
Fixed Rate Advance due March 3, 2025; fixed interest rate of 1.208%
15,000 15,000 
Fixed Rate Advance due March 2, 2027; fixed interest rate of 1.445%
15,000 15,000 
Fixed Rate Advance due March 4, 2030; fixed interest rate of 1.606%
15,000 15,000 
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.550%
1,366 1,378 
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.550%
946 954 
Principal Reducing Advance due September 29, 2031; fixed interest rate of 3.095%
984 1,128 
Subordinated notes payable:
Subordinated notes payable due December 15, 2029 net of unamortized debt issuance cost of $0 and $1,296, respectively; fixed interest rate of 4.25% through December 14, 2024; variable interest rate thereafter at three-month SOFR plus 2.94% (2029 subordinated notes)
— 106,704 
Subordinated notes payable due May 31, 2030 net of unaccreted purchase accounting fair value adjustment of $653 and $784, respectively; fixed interest rate of 5.875% through May 31, 2025; variable interest rate thereafter at three-month SOFR plus 3.63% (Bank subordinated notes) (1)
74,653 75,784 
Subordinated notes payable due October 1, 2030 net of unamortized debt issuance cost of $1,161 and $1,362, respectively; fixed interest rate of 3.875% through September 30, 2025; variable interest rate thereafter at three-month SOFR plus 3.753% (2030 subordinated notes)
108,839 108,638 
Other Debt:
Advance from correspondent bank due November 28, 2024; secured by a loan receivable; variable interest rate at one-month SOFR plus 2.50%
— 10,000 
Advance from correspondent bank due December 1, 2025; secured by a loan receivable; variable interest rate at one-month SOFR plus 2.65%
10,000 10,000 
$291,788 $509,586 
(1) Previously was to migrate to three-month LIBOR plus 3.63%, but will now migrate to three-month SOFR plus a comparable tenor spread beginning June 1, 2025 through the end of the term, as three-month LIBOR ceased to be published effective July 1, 2023.