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Federal Home Loan Bank Advances and Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2022
Advance from Federal Home Loan Bank [Abstract]  
Summary of Activities in Advances From the FHLB
The following table summarizes activities in FHLB advances for the periods indicated:
 Year Ended December 31,
(Dollars in thousands)20222021
Average balance outstanding$574,238 $24,886 
Weighted average rate2.29 %0.39 %
Maximum amount outstanding at any month-end during the year$1,000,000 $550,000 
Balance outstanding at end of year$1,000,000 $550,000 
Weighted average interest rate at year-end3.19 %0.20 %
Summary of Activities in Other Borrowings
The following table summarizes activities in other borrowings for the periods indicated:
 Year Ended December 31,
(Dollars in thousands)20222021
Average balance outstanding$82 $61 
Weighted average rate1.26 %0.34 %
Maximum amount outstanding at any month-end during the year$— $8,000 
Balance outstanding at end of year$— $8,000 
Weighted average interest rate at year-end— %2.15 %
The following table summarizes our outstanding subordinated debentures as of December 31:
 20222021
(Dollars in thousands)Stated MaturityCurrent Interest RateCurrent Principal BalanceCarrying Value
Subordinated notes
Subordinated notes due 2024, 5.75% per annum
September 3, 20245.75 %$60,000 $59,791 $59,671 
Subordinated notes due 2029, 4.875% per annum until May 15, 2024, 3-month LIBOR +4.9% thereafter
May 15, 20294.875 %125,000 123,386 123,132 
Subordinated notes due 2030, 5.375% per annum until June 15, 2025, 3-month SOFR +5.17% thereafter
June 15, 20305.375 %150,000 148,027 147,764 
Total subordinated debentures$335,000 $331,204 $330,567