Borrowing Arrangements (Tables)

9 Months Ended

Sep. 30, 2026

Information related to borrowings is provided in the table below (dollars in thousands):


	September 30, 2026			December 31, 2025
Other borrowings:
Balance at end of period	$	894,605		$	208,657
Average amount outstanding during the period (1)	437,085			107,989
Maximum amount outstanding during the period (2)	894,605			297,359
Weighted average interest rate during the period (3)	3.6		%	4.5		%
Interest rate at end of period (4)	3.7		%	3.6		%

FHLB borrowings:
Balance at end of period	$	800,750		$	211,136
Average amount outstanding during the period (1)	622,465			372,342
Maximum amount outstanding during the period (2)	995,848			651,782
Weighted average interest rate during the period (3)	3.9		%	3.7		%
Interest rate at end of period (4)	4.2		%	2.9		%

(1)The average amount outstanding during the period was computed by dividing the total daily outstanding principal balances by the number of days in the period.

(2)The maximum amount outstanding at any month-end during the period.

(3)The weighted average interest rate during the period was computed by dividing the actual interest expense (annualized for interim periods) by the average amount outstanding during the period. The weighted average interest rate on FHLB borrowings and other borrowings includes the effect of interest rate swaps.

(4)The interest rate includes the effect of interest rate swaps.

Schedule of Maturities of Borrowings

Maturities of the obligations associated with our borrowing arrangements based on scheduled repayments at September 30, 2026 are as follows (in thousands):


	Payments Due by Period
	Less than 1 Year		1-2 Years		2-3 Years		3-4 Years		4-5 Years		Thereafter		Total
Other borrowings	$	894,605	$	—	$	—	$	—	$	—	$	—	$	894,605
FHLB borrowings	800,401		349		—		—		—		—		800,750
Total obligations	$	1,695,006	$	349	$	—	$	—	$	—	$	—	$	1,695,355