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BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Federal Home Loan Bank Borrowings The table below shows the outstanding borrowings as well as the contractual rates and effective rates, net of any swap impact, at the dates indicated:
December 31, 2024December 31, 2023
Total OutstandingWeighted Average Contractual RateEffective Rate, Net of Swap ImpactTotal OutstandingWeighted Average Contractual RateEffective Rate, Net of Swap Impact
(Dollars in thousands)
Overnight Borrowings$38,000 4.53 %n/a$705,000 5.54 %n/a
1-Month Term 400,000 4.63 %3.74 %400,000 5.50 %3.83 %
Stated Maturity 2025200,000 4.81 %n/a— — %n/a
Amortizing514 1.40 %n/a541 1.40 %n/a
Total$638,514 $1,105,541 
Schedule of Long-term Borrowings
The following table summarizes long-term debt, net of debt issuances costs, at the dates indicated:
 December 31
 20242023
 (Dollars in thousands)
Junior subordinated debentures
Capital Trust V $51,519 $51,517 
  Central Trust I 5,258 5,258 
  Central Trust II 6,083 6,083 
Subordinated debentures — 49,980 
Total long-term debt$62,860 $112,838 
Information relating to Trust Preferred Securities [Table Text Block]
Information relating to these trust preferred securities at December 31, 2024 is as follows:
TrustPrincipal AmountMaturity DateCredit SpreadAll-in Rate
(Dollars in thousands)
Capital Trust V$50,000 3/15/20371.48%6.10%
Central Trust I (1)$5,100 9/16/20342.44%7.06%
Central Trust II (1)$5,900 3/15/20371.65%6.27%