Federal Home Loan Bank Advances and Other Borrowings |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Advance from Federal Home Loan Bank [Abstract] | |
| Federal Home Loan Bank Advances and Other Borrowings | Federal Home Loan Bank Advances and Other Borrowings FHLB Advances The Company had a term FHLB advance of $50.0 million with a maturity date of May 4, 2026 (term of 91 days) and a fixed interest rate of 3.91% at March 31, 2026. At December 31, 2025, the Company had an overnight FHLB advance of $34.0 million with an interest rate of 4.02%. At March 31, 2026 and December 31, 2025, loans pledged to secure borrowings from the FHLB were $1.17 billion and $1.12 billion, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $14.8 million and $14.8 million at March 31, 2026 and December 31, 2025, respectively. The Company had additional borrowing capacity of $770.2 million and $840.6 million from the FHLB as of March 31, 2026 and December 31, 2025, respectively. Federal Reserve Discount Window The Company had $863.6 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $1.08 billion with no outstanding borrowings at March 31, 2026. At December 31, 2025, the Company had $841.6 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $1.05 billion with no outstanding borrowings. Overnight Federal Funds Lines The Company maintains overnight federal funds lines with correspondent financial institutions. The Company maintained available borrowing capacity of $65.0 million and had no borrowings at March 31, 2026. At December 31, 2025, the Company had no borrowings and unused borrowing capacity of $65.0 million.
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