Time Deposits and Borrowings

6 Months Ended

Jun. 30, 2023

Time Deposits and Borrowings [Abstract]

Time Deposits and Borrowings

Note 7: Time Deposits and Borrowings

The scheduled maturities, excluding interest, of the Company’s borrowings at June 30, 2023 were as follows:

June 30, 2023

Within One

Year

One to Two

Years

Two to

Three Years

Three to

Four Years

Four to Five

Years

After Five

Years

Total

(Dollars in thousands)

Time deposits

$

1,709,991

$

122,995

$

1,849

$

2,208

$

1,181

$

231

$

1,838,455

FHLB borrowings

4,153

11,391

-

-

65,000

15,000

95,544

FHLB line of credit

167,164

-

-

-

-

-

167,164

Line of credit

-

7,500

-

-

-

-

7,500

SBA secured borrowing

-

-

-

-

-

5,731

5,731

Trust preferred securities

(1)

-

-

-

-

-

1,089

1,089

$

1,881,308

$

141,886

$

1,849

$

2,208

$

66,181

$

22,051

$

2,115,483

(1)

The contract value of the trust preferred securities is $

2.6

 million and is currently being accreted to the maturity date of 2035.