Subordinated debentures at June 30, 2026 and December 31, 2025 consisted of the following components:
As of
June 30, 2026
As of
December 31, 2025
(In thousands)
Subordinated debt securities
Subordinated notes, net of issuance costs, issued in 2022, due 2032, fixed rate of 3.125% during the first five years and at a floating rate of 182 basis points above the then three-month SOFR rate, reset quarterly, thereafter, callable in 2027 without penalty