XML 74 R64.htm IDEA: XBRL DOCUMENT v3.22.2
Subordinated Debt (Details)
$ in Millions
1 Months Ended
May 27, 2021
USD ($)
Subordinated Debt [Abstract]  
Aggregate principal amount $ 20.0
Fixed floating rate percentage 3.65%
Debt, description The Notes mature on June 1, 2031 and bear interest at a fixed rate of 3.65% through May 31, 2026. From June 1, 2026 to the maturity date or earlier redemption of the Notes, the interest rate will reset quarterly to an interest rate per annum, equal to the then-current-three-month Secured Overnight Financing Rate ("SOFR") provided by the Federal Reserve Bank of New York plus 296 basis points. The Company may redeem the Notes at any time after May 31, 2026, and at any time in whole, but not in part, upon the occurrence of certain events. Any redemption of the Notes will be subject to prior regulatory approval.
Legal and other out-of-pocket expenses $ 0.5