Funds Borrowed (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Balances of Funds Borrowed

The following table presents outstanding balances of funds borrowed.

	Payments Due for the Twelve Months Ending June 30,
(Dollars in thousands)	2024		2025		2026		2027		2028		Thereafter		June 30, 2023 (1)		December 31, 2022(1)		Interest Rate (2)
Deposits (3)	$	678,737	$	563,203	$	281,895	$	198,331	$	93,777	$	—	$	1,815,943	$	1,609,672		2.70	%
Federal reserve discount window		28,000		—		—		—		—		—		28,000		—		5.25
Privately placed notes		36,000		—		31,250		—		53,750		—		121,000		121,000		7.66
SBA debentures and borrowings		3,880		12,500		15,500		4,500		—		30,500		66,880		68,512		3.13
Preferred securities		—		—		—		—		—		33,000		33,000		33,000		7.62
Total	$	746,617	$	575,703	$	328,645	$	202,831	$	147,527	$	63,500	$	2,064,823	$	1,832,184		3.12	%

(1)Excludes deferred financing costs of $6.8 million and $7.0 million as of June 30, 2023 and December 31, 2022.

(2)Weighted average contractual rate as of June 30, 2023.

(3)Balance excludes $1.5 million and $1.3 million of strategic partner reserve deposits as of June 30, 2023 and December 31, 2022.

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

The following table presents the maturity of the deposit pools, which includes strategic partner reserve deposits, as of June 30, 2023.

(Dollars in thousands)	June 30, 2023
Three months or less	$	162,219
Over three months through six months		186,757
Over six months through one year		329,761
Over one year		1,138,754
Total deposits	$	1,817,491