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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt as of December 31, 2024 and 2023 is summarized as follows:
20242023
Federal Home Loan Bank advances$— $— 
Junior subordinated debentures113,916 112,978 
Subordinated notes316,698 316,422 
Total long-term debt$430,614 $429,400 
Schedule of debentures The following table provides the details of the debentures as of December 31, 2024:
Principal
Amount		Carrying ValueSpread (in bps)Year of
Maturity		Amount
Included in
Tier 1 Capital
PHC Statutory Trust I$20,619 $20,619 2852033$20,000 
PHC Statutory Trust II31,959 31,959 187203531,000 
Capital Bancorp Capital Trust I12,372 12,372 150203512,000 
First M&F Statutory Trust I30,928 25,490 133203624,563 
Brand Trust I10,310 9,777 20520359,466 
Brand Trust II5,155 5,195 30020375,040 
Brand Trust III5,155 5,196 30020385,041 
Brand Trust IV3,093 3,308 37520383,215 
Total$113,916 $110,325 
A summary of the Notes is as follows:
Issue DateInitial principalFixed rateFixed to floating transition dateBenchmark rateSpread (in bps)Debt outstandingMaturity
August 22, 2016$40,000 5.50%September 1, 20263-month CME Term SOFR407.1$40,000 September 1, 2031
September 3, 2020$100,000 4.50%September 15, 20303-month CME Term SOFR402.5$100,000 September 15, 2035
November 23, 2021$200,000 3.00%December 1, 20263-month CME Term SOFR191$196,400 December 1, 2031
Debt issuance costs and fair value adjustment(19,702)
Total subordinated debt$316,698 
Schedule of aggregate stated maturities of long-term debt outstanding
The aggregate stated maturities of long-term debt outstanding at December 31, 2024, are summarized as follows:
Federal Home Loan Bank advancesJunior subordinated debenturesSubordinated notesTotal
2025$— $— $— $— 
2026— — — — 
2027— — — — 
2028— — — — 
2029— — — — 
Thereafter— 113,916 316,698 430,614 
Total$— $113,916 $316,698 $430,614