Borrowings (Tables)

6 Months Ended

Jun. 30, 2025

Subordinated debentures and subordinated notes as of June 30, 2025 and December 31, 2024 were as follows:


(Dollars in thousands)	June 30, 2025		December 31, 2024



Subordinated notes, net of debt issuance costs	$	124,843	$	199,607



Subordinated debentures, net of discount	31,239		31,129

Total subordinated notes and debentures	$	156,082	$	230,736

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details