FHLB and Other Borrowed Funds |
6 Months Ended |
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Jun. 30, 2026 | |
| Advance from Federal Home Loan Bank [Abstract] | |
| FHLB and Other Borrowed Funds | FHLB and Other Borrowed Funds The Company’s FHLB borrowed funds, which are secured by our loan portfolio, were $450.0 million and $500.0 million at June 30, 2026 and December 31, 2025, respectively. At June 30, 2026, $50.0 million and $400.0 million of the outstanding balances were classified as short-term and long-term advances, respectively. At December 31, 2025, $100.0 million and $400.0 million of the outstanding balances were classified as short-term and long-term advances, respectively. The FHLB advances mature from 2026 to 2037 with fixed interest rates ranging from 3.37% to 4.67%. Expected maturities could differ from contractual maturities because FHLB may have the right to call, or the Company may have the right to prepay certain obligations. Other borrowed funds were $250,000 at both June 30, 2026 and December 31, 2025. These were classified as short-term advances. Additionally, the Company had $1.85 billion and $1.48 billion at June 30, 2026 and December 31, 2025, respectively, in letters of credit under a FHLB blanket borrowing line of credit, which are used to collateralize public deposits.
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