Borrowings |
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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Borrowings | Borrowings The following table sets forth selected information for borrowings as of March 31, 2026 and December 31, 2025:
The Company has federal funds lines available totaling $175.00 million from multiple correspondent banking relationships as of March 31, 2026 and December 31, 2025, respectively. Of the total federal funds lines available, $50.00 million is secured by available for sale securities of $48.17 million and the remaining balance is unsecured. The Company also has availability to borrow from the Federal Reserve Bank Discount Window of $105.11 million and $105.54 million as of March 31, 2026 and December 31, 2025, respectively, that is secured by available for sale securities. The Company's FHLB borrowings are secured by collateral provided by the Company's 1 to 4 family residential, commercial real estate, agricultural real estate first mortgages and multi-family loans totaling $1.119 billion and $1.051 billion as of March 31, 2026 and December 31, 2025, respectively. There was $444.27 million and $651.22 million borrowed against this collateral as of March 31, 2026 and December 31, 2025, respectively. The weighted average interest rate on the FHLB daily reset advances outstanding was 3.91% and 3.98% as of March 31, 2026 and December 31, 2025. To participate in the FHLB advance program, the Company is required to have an investment in FHLB stock. The Company’s investment in FHLB stock was 22.79 million and 32.06 million at March 31, 2026 and December 31, 2025, respectively.
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