v3.25.2
BORROWINGS (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Summary of Borrowings
The following table summarizes the Corporation’s borrowings as of June 30, 2025 and December 31, 2024.
June 30, 2025December 31, 2024
Federal funds purchased$85,000 $99,226 
Securities sold under repurchase agreements114,758 142,876 
Federal Home Loan Bank advances898,702 822,554 
Subordinated debentures and other borrowings62,617 93,529 
Total Borrowings$1,161,077 $1,158,185 
Summary of Collateral Pledged for Repurchase Agreements
The collateral pledged for all repurchase agreements that are accounted for as secured borrowings as of June 30, 2025 and December 31, 2024 were:
June 30, 2025
Remaining Contractual Maturity of the Agreements
Overnight and ContinuousUp to 30 Days30-90 DaysGreater Than 90 DaysTotal
U.S. Government-sponsored mortgage-backed securities$114,758 $— $— $— $114,758 
December 31, 2024
Remaining Contractual Maturity of the Agreements
Overnight and ContinuousUp to 30 Days30-90 DaysGreater Than 90 DaysTotal
U.S. Government-sponsored mortgage-backed securities$142,876 $— $— $— $142,876 
Summary of Contractual Maturities of Borrowings
Contractual maturities of borrowings as of June 30, 2025, are as follows:
Maturities in Years Ending December 31:Federal Funds PurchasedSecurities Sold
Under Repurchase Agreements
Federal Home
Loan Bank
Advances
Subordinated
Debentures and
Term Loans
2025$85,000 $114,758 $100,000 $1,111 
2026— — 75,000 — 
2027— — 320,000 — 
2028— — 290,000 5,000 
2029— — 50,000 — 
2030 and after— — 63,702 60,566 
ASC 805 fair value adjustments at acquisition— — — (4,060)
$85,000 $114,758 $898,702 $62,617