Short-term FHLB Advances |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Advance from Federal Home Loan Bank [Abstract] | |
| Short-term FHLB Advances | Short-term FHLB Advances As of December 31, 2025, the Company had no short-term FHLB advances. As of December 31, 2024, the Company had short-term FHLB advances of $137,220,000. Interest rates for FHLB short-term advances outstanding at December 31, 2024 ranged from 4.38% to 4.55%. For the years ended December 31, 2025 and 2024, the average volume of short-term FHLB advances carried by the Company was $68,719,000 and $18,157,000, respectively. Collateral for short- and long-term FHLB advances is secured through a blanket lien evidenced by the Company’s pledge of first mortgage collateral, demand deposit accounts, capital stock and certain other assets pursuant to the “Advances, Collateral Pledge and Security Agreement.” Under this collateral pledge agreement, the Bank must meet all statutory and regulatory capital standards and must meet all FHLB credit underwriting standards. Management believes that the Bank was in compliance with all such requirements as of December 31, 2025 and 2024. As of December 31, 2025 and 2024, the Company had $1,256,621,000 and $1,088,068,000, respectively, of additional FHLB advances available based on collateral pledged. As of December 31, 2025 and 2024, the Company had $1,160,437,000 and $1,202,054,000, respectively, of loans pledged through the Company’s blanket lien.
|