Funds Borrowed (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Balances of Funds Borrowed

The following table presents outstanding balances of funds borrowed as of December 31, 2023.

	Payments Due for the Year Ending December 31,
(Dollars in thousands)	2024		2025		2026		2027		2028		Thereafter		December 31, 2023 (1)		December 31, 2022 (1)		Interest Rate (2)
Deposits (3)	$	678,846	$	533,405	$	325,498	$	184,458	$	147,232	$	—	$	1,869,439	$	1,609,672		3.07	%
Privately placed notes		3,000		—		31,250		53,750		39,000		12,500		139,500		121,000		8.08
SBA debentures and borrowings		5,000		14,000		14,000		2,000		1,250		39,000		75,250		68,512		3.69
Trust preferred securities		—		—		—		—		—		33,000		33,000		33,000		7.75
Total	$	686,846	$	547,405	$	370,748	$	240,208	$	187,482	$	84,500	$	2,117,189	$	1,832,184		3.50	%

(1)Excludes deferred financing costs of $8.5 million and $7.0 million as of December 31, 2023 and 2022.

(2)Weighted average contractual rate as of December 31, 2023.

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

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

(Dollars in thousands)	December 31, 2023
Three months or less	$	191,715
Over three months through six months		190,494
Over six months through one year		296,637
Over one year		1,190,593
Deposits		1,869,439
Strategic partner collateral deposits		1,500
Total deposits	$	1,870,939