v3.25.2
Borrowings
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Borrowings Borrowings
The Company did not have any debt outstanding as of June 30, 2025 or December 31, 2024.

Borrowing Capacity

The following table summarizes the Company’s available borrowing capacity and the related pledged collateral:
June 30, 2025December 31, 2024
Available Borrowing Capacity
Pledged Collateral (1)
Available Borrowing Capacity
Pledged Collateral (2)
FRB Discount Window$3,147,467 $4,040,978 $2,635,034 $3,245,547 
FHLB of Des Moines
604,991 799,732 626,117 829,885 
Total
$3,752,458 $4,840,710 $3,261,151 $4,075,432 
(1)    As of June 30, 2025, the Company had $4.0 billion in loans pledged under the Federal Reserve System (FRB) Discount Window, and $428.3 million in loans and $371.5 million in securities available for sale at fair value pledged to the Federal Home Loan Bank (FHLB) of Des Moines.
(2)    As of December 31, 2024, the Company had $3.2 billion in loans pledged under the FRB Discount Window, and $456.4 million in loans and $373.5 million in securities available for sale at fair value pledged to the FHLB of Des Moines.