v3.25.2
FHLB ADVANCES AND OTHER BORROWINGS
 12 Months Ended
Dec. 31, 2024
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:
(dollars in thousands)December 31, 2024December 31, 2023
FHLB advances – fixed rate, fixed term at rates averaging 4.50% and 4.94% at December 31, 2024 and December 31, 2023 - maturing through October 2029
$133,000 $150,000 
FHLB advances – putable fixed rate at rates averaging 3.69% and 3.07% at December 31, 2024 and December 31, 2023, respectively – maturing through July 2034 with call provisions through February 2025
125,000 160,000 
FHLB advances – Short term fixed rate at rates of 5.45% at December 31, 2023
— 166,000 
Total FHLB advances and other borrowings$258,000 $476,000 
    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:
(dollars in thousands)Amount
Year Ending December 31,
2025$40,000 
202635,000 
2027— 
202845,000 
2029113,000 
Thereafter25,000 
Total$258,000