Funds Borrowed (Tables)

9 Months Ended

Sep. 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 September 30,
(Dollars in thousands)	2024		2025		2026		2027		2028		Thereafter		September 30, 2023 (1)		December 31, 2022(1)		Interest Rate (2)
Deposits (3)	$	718,976	$	568,943	$	285,870	$	167,466	$	116,424	$	—	$	1,857,679	$	1,609,672		2.96	%
Privately placed notes		3,000		—		31,250		—		92,750		—		127,000		121,000		7.99
SBA debentures and borrowings		5,489		14,000		14,000		2,000		1,250		34,000		70,739		68,512		3.52
Preferred securities		—		—		—		—		—		33,000		33,000		33,000		7.79
Federal reserve and other borrowings		10,000		—		—		—		—		—		10,000		—		5.85
Total	$	737,465	$	582,943	$	331,120	$	169,466	$	210,424	$	67,000	$	2,098,418	$	1,832,184		3.35	%

(1)Excludes deferred financing costs of $8.2 million and $7.0 million as of September 30, 2023 and December 31, 2022.

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

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

(Dollars in thousands)	September 30, 2023
Three months or less	$	204,577
Over three months through six months		157,064
Over six months through one year		357,335
Over one year		1,140,203
Total deposits	$	1,859,179