XML 66 R54.htm IDEA: XBRL DOCUMENT v3.24.3
Borrowings - Additional information (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Feb. 24, 2023
USD ($)
Feb. 24, 2020
USD ($)
Dec. 31, 2016
Jun. 30, 2023
USD ($)
Jun. 30, 2021
USD ($)
Sep. 30, 2024
USD ($)
item
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Borrowings                
Number of customers having secured balances exceeding specified percentage of stockholders equity | item           0    
Threshold percentage of stockholders' equity           10.00%    
Borrowings at FHLBC as percentage of total assets           35.00%    
FHLBC stock           $ 15,300   $ 18,500
Proceeds from term note   $ 30,000            
Repayment of term note             $ 9,000  
Basis points added to reference rate (as a percent)   1.75%            
Outstanding, net of deferred issuance costs           59,400   59,400
Asset Pledged as Collateral with Right | Securities sold under repurchase agreements                
Borrowings                
Investment securities pledged with financial institutions, dollars           75,000   45,700
Securities sold under repurchase agreements                
Borrowings                
Investment securities pledged with financial institutions, dollars           $ 53,900   26,500
Federal Home Loan Bank Advances                
Borrowings                
Borrowings at FHLBC as percentage of book value of certain mortgage loans           60.00%    
FHLBC advance amount           $ 335,000   $ 405,000
FHLBC stock           15,300    
Principal balance of loans collateralized           1,400,000    
Combined collateral value           953,000,000    
Amount available for additional borrowings           $ 653,000    
Senior notes                
Borrowings                
Interest rate (as a percent)     5.75%          
Debt Instrument, Term     10 years          
Interest rate term     5 years          
Effective interest rate             9.39%  
Debt issuance costs       $ 362        
Debt instrument redemption price, percentage       12.85%   100.00%    
Debt redeemed amount       $ 45,000        
Senior notes | Debt Instrument Variable Rate Base LIBOR                
Borrowings                
Basis points added to reference rate (as a percent)     3.85%          
Term Debt                
Borrowings                
Proceeds from term note   $ 20,000            
Repayment of term note $ 9,000              
Debt term   3 years            
Subordinated Notes Due 2031                
Borrowings                
Interest rate (as a percent)         3.50%      
Face amount         $ 60,000      
Subordinated Notes Due 2031 | Three Months Secured Overnight Financing Rate                
Borrowings                
Basis points added to reference rate (as a percent)         2.73%