Other Borrowings and Subordinated Notes and Debentures (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

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

	September 30,		December 31,
(In thousands)	2022		2021
Other Borrowings
FHLB advances, net of discount, due 2022 to 2034, 1.49% to 5.53% secured by real estate loans	$	934,147	$	1,306,143
Other long-term debt	30,625		31,830
Total other borrowings	964,772		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)	37,313		—
Trust preferred securities, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly	—		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
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
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	—		25,329
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	—		3,041
Unamortized debt issuance costs	(1,362)		(1,561)
Total subordinated notes and debentures	365,951		384,131
Total other borrowings and subordinated debt	$	1,330,723	$	1,722,104

Schedule of Aggregate Annual Maturities of Long-term Debt

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

Year	(In thousands)
Remainder of 2022	$	429
2023	1,783
2024	1,839
2025	4,841
2026	1,844
Thereafter	389,986
Total	$	400,722