v3.25.2
Borrowings - Schedule of Available Unused Lines of Credit (Details) - Unused lines of Credit [Member] - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Correspondent Banks [Member]    
Short Term Debt [Line Items]    
Collateral Requirements None  
Available lines of credit $ 48.0 $ 48.0
FHLB Advances [Member]    
Short Term Debt [Line Items]    
Collateral Requirements [1] Subject to collateral  
Available lines of credit [1] $ 298.0 319.9
FRB [Member]    
Short Term Debt [Line Items]    
Collateral Requirements [2] Subject to collateral  
Available lines of credit [2] $ 181.9 $ 165.1
[1] These amounts represent the total remaining credit the Company has from the FHLB, but this credit can only be utilized to the extent that underlying collateral exists. The total lendable collateral value of assets pledged (including loans and investment securities) associated with FHLB advances and letters of credit totaled $51.2 million and $55.4 million as of June 30, 2025 and December 31, 2024, respectively. The Company’s collateral exposure with the FHLB in the form of advances and letters of credit was $40.0 million and $10.0 million as of June 30, 2025 and December 31, 2024, respectively, leaving an excess of collateral of $11.2 million and $45.4 million available to utilize for additional credit as of the respective dates. The Company also has the ability to pledge additional assets to increase the availability of borrowings.
[2] The Company has access to the FRB's discount window, which allows borrowing on pledged collateral that includes eligible investment securities and loans under 90-day terms. The amounts shown in the table represent the Company's unused borrowing capacity as of the applicable date based on collateral pledged to the FRB's discount window.