Other Borrowings and Subordinated Notes and Debentures (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Debt at June 30, 2022 and December 31, 2021 consisted of the following components: 

	June 30,		December 31,
(In thousands)	2022		2021
Other Borrowings
FHLB advances, net of discount, due 2028 to 2034, 1.06% to 5.53% secured by real estate loans	$	1,029,215	$	1,306,143
Other long-term debt	31,029		31,830
Total other borrowings	1,060,244		1,337,973
Subordinated Notes and Debentures
Subordinated notes payable, due 4/1/2028, fixed-to-floating rate (fixed rate of 5.00% through 3/31/2023, floating rate of 2.15% above the three month LIBOR rate, reset quarterly)	330,000		330,000
Subordinated notes payable, net of premium adjustments, due 7/31/2030, fixed-to-floating rate (fixed rate of 6.00% through 7/30/2025, floating rate of 5.92% above the three month SOFR rate, reset quarterly)	37,341		—
Trust preferred securities, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly	10,310		10,310
Trust preferred securities, due 6/6/2037, floating rate of 1.57% above the three month LIBOR rate, reset quarterly, callable without penalty	10,310		10,310
Trust preferred securities, due 12/15/2035, floating rate of 1.45% above the three month LIBOR rate, reset quarterly, callable without penalty	6,702		6,702
Trust preferred securities, net of discount, due 6/15/2037, floating rate of 1.85% above the three month LIBOR rate, reset quarterly, callable without penalty	25,408		25,329
Trust preferred securities, net of discount, due 12/15/2036, floating rate of 1.85% above the three month LIBOR rate, reset quarterly, callable without penalty	3,050		3,041
Unamortized debt issuance costs	(1,428)		(1,561)
Total subordinated notes and debentures	421,693		384,131
Total other borrowings and subordinated debt	$	1,481,937	$	1,722,104

Schedule of Aggregate Annual Maturities of Long-term Debt

Aggregate annual maturities of long-term debt at June 30, 2022, are as follows: 

Year	(In thousands)
Remainder of 2022	$	777
2023	1,608
2024	1,693
2025	4,841
2026	1,844
Thereafter	446,175
Total	$	456,938