v3.25.2
Schedule of Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table presents outstanding FHLB borrowings by original maturity classification for the dates indicated:
As of June 30, 2025Average RateOutstanding Balance
Fixed rate borrowings with tenors over twelve-months4.72 %$250.0 
Total outstanding FHLB borrowings$250.0 
As of December 31, 2024Average RateOutstanding Balance
Fixed rate borrowings with tenors of up to twelve-months4.78 %$1,317.5 
Fixed rate borrowings with tenors over twelve-months4.72 250.0 
Total outstanding FHLB borrowings$1,567.5 
Schedule of Long-Term Debt Instruments
A summary of long-term debt follows:
June 30, 2025December 31, 2024
Parent Company:  
Fixed to floating subordinated notes, 5.25% fixed rate effective May 2020 through May 14, 2025. Effective May 15, 2025, floating Three-Month Term Secured Overnight Financing Rate plus 518.0 basis points.
$99.3 $99.1 
Fixed to floating subordinated notes, 7.625% fixed rate effective June 2025 through June 2030
122.3 — 
Subsidiaries:
0.00% FHLB borrowings maturing in August 2029
3.9 3.9 
8.00% finance lease obligation with term ending October 31, 2029
0.7 0.8 
Note payable maturing March 31, 2038, interest only payable at 1.30% monthly until March 31, 2025 and then principal and interest at 3.25% until maturity
— 2.0 
1.30% note payable maturing June 1, 2034, interest only payable monthly until March 31, 2025 and then principal and interest until maturity
— 0.6 
1.12% note payable maturing December 31, 2045, interest only payable annually until December 31, 2028 and then principal and interest until maturity
6.8 6.8 
1.35% note payable maturing December 31, 2046 interest only payable annually until December 31, 2025 and then principal and interest until maturity
6.4 6.4 
1.26% note payable maturing December 31, 2051 interest only payable annually until December 31, 2031 and then principal and interest until maturity
12.6 12.6 
Total long-term debt$252.0 $132.2