Borrowings

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Borrowings

Borrowings

The following tables present information regarding the Company’s outstanding borrowings at March 31, 2023 and December 31, 2022 (dollars in thousands):

Description	Due date	Call Feature	March 31, 2023		Interest Rate
FHLB Principal Reducing Credit	7/24/2023	None	$	20	1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	901		1.25% fixed
FHLB Principal Reducing Credit	6/26/2028	None	211		0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	36		0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	157		1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	157		1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	325		0.50% fixed
FHLB Daily Rate Credit	4/3/2023	None	80,000		4.74% fixed
FHLB Fixed Rate Credit	4/10/2023	None	70,000		4.78% fixed
FHLB Fixed Rate Credit	4/13/2023	None	50,000		4.88% fixed
FHLB Fixed Rate Credit	9/13/2023	None	300,000		5.17% fixed
FHLB Fixed Rate Hybrid	9/29/2023	None	5,000		0.40% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	10,310		7.45% at 3/31/23 adjustable rate 3 month LIBOR + 2.65%
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	10,310		7.55% at 3/31/23 adjustable rate  3 month LIBOR + 2.75%
Trust Preferred Securities	9/20/2034	Quarterly by Company beginning 9/20/2009	12,372		7.11% at 3/31/23 adjustable rate 3 month LIBOR + 2.15%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310		6.83% at 3/31/23 adjustable rate 3 month LIBOR + 2.00%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774		6.16% at 3/31/23 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities	6/23/2036	Quarterly by the Company beginning 6/23/11	8,248		6.87% at 3/31/23 adjustable rate 3 month LIBOR + 1.85%
Subordinated Debentures	11/30/2028	Semi-annually by Company beginning 11/30/2023	10,000		6.50% fixed
Subordinated Debentures	11/15/2030	Semi-annually by Company beginning 11/15/2025	18,000		4.38% fixed
Total borrowings / weighted average rate as of March 31, 2023			612,131		5.20%
Unamortized discount on acquired borrowings			(5,650)
Total borrowings			$	606,481

Description	Due date	Call Feature	December 31, 2022		Interest Rate
FHLB Principal Reducing Credit	7/24/2023	None	$	32	1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	912		1.25% fixed
FHLB Principal Reducing Credit	6/26/2028	None	214		0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	38		0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	158		1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	159		1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	329		0.50% fixed
FHLB Daily Rate Credit	8/23/2023	None	40,000		4.57% fixed
FHLB Fixed Rate Credit	1/9/2023	None	50,000		4.15% fixed
FHLB Fixed Rate Credit	2/1/2023	None	80,000		4.25% fixed
FHLB Fixed Rate Credit	2/9/2023	None	50,000		4.35% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	10,310		7.06% at 12/31/22 adjustable rate 3 month LIBOR + 2.65%
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	10,310		7.16% at 12/31/22 adjustable rate 3 month LIBOR + 2.75%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774		6.16% at 12/31/22 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities	9/20/2034	Quarterly by Company beginning 9/20/2009	12,372		6.90% at 12/31/22 adjustable rate 3 month LIBOR + 2.15%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310		6.08% at 12/31/22 adjustable rate 3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2022			290,918		4.82%
Unamortized discount on acquired borrowings			(3,411)
Total borrowings			$	287,507