FHLB ADVANCES AND OTHER BORROWINGS |
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FHLB ADVANCES AND OTHER BORROWINGS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FHLB ADVANCES AND OTHER BORROWINGS | FHLB ADVANCES AND OTHER BORROWINGS The following table summarizes our FHLB advances and other borrowings as of December 31, 2024 and December 31, 2023:
The Company’s advances from the FHLB are collateralized by a blanket collateral agreement of qualifying mortgage and home equity line of credit loans and certain commercial real estate loans totaling approximately $3.23 billion and $2.98 billion at December 31, 2024 and December 31, 2023, respectively. Based on this collateral, the Company was eligible to borrow $1.29 billion from the FHLB at December 31, 2024. Contractual payments over the next five years for FHLB advances and other borrowings were as follows:
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