Funds Borrowed (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31,
(Dollars in thousands)	2025		2026		2027		2028		2029		Thereafter		March 31, 2024 (1)		December 31, 2023(1)		Interest Rate (2)
Deposits (3)	$	721,155	$	479,582	$	350,070	$	157,800	$	173,239	$	—	$	1,881,846	$	1,869,439		3.17	%
Retail and privately placed notes		—		31,250		—		53,750		39,000		12,500		136,500		139,500		8.08
SBA debentures and borrowings		12,500		15,500		4,500		—		2,500		37,750		72,750		75,250		3.54
Trust preferred securities		—		—		—		—		—		33,000		33,000		33,000		7.71
Federal reserve and other borrowings		20,000		—		—		—		—		—		20,000		—		5.95
Total	$	753,655	$	526,332	$	354,570	$	211,550	$	214,739	$	83,250	$	2,144,096	$	2,117,189		3.59	%

(1)Excludes deferred financing costs of $8.5 million as of both March 31, 2024 and December 31, 2023.

(2)Weighted average contractual rate as of March 31, 2024.

(3)Balance excludes $1.5 million of strategic partner reserve deposits as of both March 31, 2024 and December 31, 2023.

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 March 31, 2024.

(Dollars in thousands)	March 31, 2024
Three months or less	$	202,913
Over three months through six months		186,507
Over six months through one year		331,735
Over one year		1,160,691
Deposits		1,881,846
Strategic partner collateral deposits		1,500
Total deposits	$	1,883,346