v3.26.1
BORROWINGS AND LONG-TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt
The following table presents the Company’s borrowings as of the dates indicated:
June 30, 2026December 31, 2025
(dollars in thousands)BalanceWeighted Average Rate BalanceWeighted Average Rate
Short-term borrowings: (1)
Federal Reserve Bank Discount Window$80,000 3.75 %$— — %
Total$80,000 3.75 %$— — %
(1)Short-term borrowings have an original maturity of one year or less.
Schedule of Long-term Debt Instruments The following table presents the Company’s long-term debt as of the dates indicated:
June 30, 2026December 31, 2025
(dollars in thousands)Par Value
Carrying Value (1)
Par Value
Carrying Value (1)
RateMaturity Date
Senior Notes (2)
$— $— $65,000 $64,835 
6.5% per annum
June 1, 2026
Subordinated Notes96,000 81,892 96,000 79,626 
3.5% per annum (3)
January 30, 2032
TRUPs:
HomeStreet Statutory Trust I (5)
5,155 4,173 5,155 4,090 
3-month Term SOFR + 1.96% (4)
June 15, 2035
HomeStreet Statutory Trust II (5)
20,619 16,283 20,619 15,943 
3-month Term SOFR + 1.76% (4)
December 15, 2035
HomeStreet Statutory Trust III (5)
20,619 16,024 20,619 15,686 
3-month Term SOFR + 1.63% (4)
March 15, 2036
HomeStreet Statutory Trust IV (5)
15,464 12,048 15,464 11,834 
3-month Term SOFR + 1.94% (4)
June 15, 2037
Total$157,857 $130,420 $222,857 $192,014 
(1)Includes discounts from purchase accounting adjustments as a result of the Merger on September 2, 2025.
(2)On March 1, 2026, the Company redeemed at par, its $65 million of Senior Notes.
(3)The Subordinated Notes bear interest at a rate of 3.5% per annum until January 30, 2027. From January 30, 2027, until the maturity date or the date of earlier redemption, the notes will bear interest equal to the three-month Term SOFR plus 215 basis points.
(4)These rates reflect the floating rates as of June 30, 2026.
(5)Call options are exercisable at par and are callable, without penalty, on a quarterly basis.