Funds Borrowed (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Balances of Funds Borrowed

The outstanding balances of funds borrowed were as follows:

	Payments Due for the Twelve Months Ending September 30,
(Dollars in thousands)	2023		2024		2025		2026		2027		Thereafter		September 30, 2022(1)		December 31, 2021(1)		Interest Rate (2)
Deposits (3)	$	479,761	$	375,974	$	389,223	$	157,890	$	155,854	$	—	$	1,558,702	$	1,253,288		1.63	%
Privately placed notes		—		36,000		—		31,250		—		53,750		121,000		121,000		7.66
SBA debentures and borrowings		5,000		12,763		14,000		14,000		2,000		21,000		68,763		69,963		2.94
Preferred securities		—		—		—		—		—		33,000		33,000		33,000		5.27
Total	$	484,761	$	424,737	$	403,223	$	203,140	$	157,854	$	107,750	$	1,781,465	$	1,477,251		2.16	%

(1)Excludes deferred financing costs of $7.2 million and $7.1 million as of September 30, 2022 and December 31, 2021.

(2)Weighted average contractual rate as of September 30, 2022.

(3)Balance excludes $1.0 million and $0.8 million of strategic partner reserve deposits as of September 30, 2022 and December 31, 2021.

Summary of Maturity of Broker Pools, Excluding Strategic Partner Reserve Deposits

The following table presents the maturity of the deposit pools, which excludes strategic partner reserve deposits, as of September 30, 2022.

(Dollars in thousands)	September 30, 2022
Three months or less	$	110,763
Over three months through six months		128,094
Over six months through one year		240,904
Over one year		1,078,941
Total deposits	$	1,558,702