DEBT OBLIGATIONS - Junior Subordinated Notes Narrative (Details) - USD ($) $ in Thousands |
12 Months Ended | |
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Dec. 31, 2022 |
Dec. 31, 2021 |
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Debt Obligations | ||
Deferred costs | $ 4,941 | $ 1,277 |
Junior subordinated notes | ||
Debt Obligations | ||
Outstanding principal balance | 37,400 | 37,400 |
Deferred costs | $ 277 | $ 297 |
Effective interest rate | 6.41% | 2.13% |
Interest expense | $ 1,478 | $ 845 |
Junior subordinated notes | LIBOR | ||
Debt Obligations | ||
Basis spread on variable rate | 2.00% | 2.00% |
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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