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Long-Term Borrowings (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Summary of All Junior Subordinated Debentures and Subordinated Debentures

A summary of all junior subordinated debentures issued by the Company to affiliates and subordinated debentures follows. For the junior subordinated debentures, these amounts represent the par value of the obligations owed to these affiliates, including the Company’s equity interest in the trusts along with any unamortized fair value marks. For the subordinated debentures, these amounts represent the par value less the remaining deferred offering expense associated with the issuance of the debentures.

 

 

 

June 30, 2023

 

 

December 31, 2022

 

 

 

Amount

 

 

Amount

 

TSEO Statutory Trust I

 

$

2,497

 

 

$

2,472

 

Maple Leaf Financial Statutory Trust II

 

 

7,629

 

 

 

7,517

 

Cortland Statutory Trust I

 

 

4,354

 

 

 

4,327

 

Total junior subordinated debentures owed to unconsolidated subsidiary trusts

 

$

14,480

 

 

$

14,316

 

Subordinated Debentures

 

$

73,957

 

 

$

73,895

 

Total long-term borrowings

 

$

88,437

 

 

$

88,211