Other Borrowings and Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt

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

(In thousands)	2022		2021
Other Borrowings
FHLB advances, net of discount, due 2023 to 2033, 1.88% to 5.53%, secured by real estate loans	$	838,487	$	1,306,143
Other long-term debt	20,809		31,830
Total other borrowings	859,296		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)	37,285		—
Trust preferred securities, net of discount, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly	—		10,310
Trust preferred securities, net of discount, 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	(1,296)		(1,561)
Total subordinated notes and debentures	365,989		384,131
Total other borrowings and subordinated debt	$	1,225,285	$	1,722,104

Schedule of Aggregate Annual Maturities of Long-term Debt

Aggregate annual maturities of long-term debt at December 31, 2022, are as follows:

Year	(In thousands)
2023	$	1,768
2024	1,822
2025	1,822
2026	1,824
2027	1,920
Thereafter	381,129
Total	$	390,285