Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2024

Debt Instruments [Abstract]

Summary of subordinated debentures

The Company’s subordinated debentures are reflected in the table below. The amounts include fair value adjustments from acquisitions.

	December 31, 2024				Rate Structure	Maturity Date
(Dollars in thousands)	Balance		Rate 1
Subordinated debentures owed to trust subsidiaries
First Company Statutory Trust 2001	$	3,710	8.147	%	3 month CME Term SOFR plus 3.30%	07/31/2031
First Company Statutory Trust 2003	2,722		8.171	%	3 month CME Term SOFR plus 3.25%	03/26/2033
Glacier Capital Trust II	46,393		7.668	%	3 month CME Term SOFR plus 2.75%	04/07/2034
Citizens (ID) Statutory Trust I	5,155		7.261	%	3 month CME Term SOFR plus 2.65%	06/17/2034
Glacier Capital Trust III	36,083		6.208	%	3 month CME Term SOFR plus 1.29%	04/07/2036
Glacier Capital Trust IV	30,928		6.191	%	3 month CME Term SOFR plus 1.57%	09/15/2036
Bank of the San Juans Bancorporation Trust I	2,147		6.581	%	3 month CME Term SOFR plus 1.82%	03/01/2037
FNB (UT) Statutory Trust I	4,124		8.021	%	3 month CME Term SOFR plus 3.10%	06/26/2033
FNB (UT) Statutory Trust II	1,843		6.341	%	3 month CME Term SOFR plus 1.72%	12/15/2036
Total subordinated debentures owed to trust subsidiaries	$	133,105

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1 This is the paid rate on the subordinated debentures which excludes the impact from the interest rate cap derivatives. For additional information relating to interest rate cap derivatives, see Note 11.