v3.26.3
BORROWING ARRANGEMENTS
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
BORROWING ARRANGEMENTS BORROWING ARRANGEMENTS
The Bank has established secured and unsecured lines of credit. The Bank may borrow funds from time to time on a term or overnight basis from the FHLB, the FRBSF and other financial institutions as indicated below.
FHLB Secured Line of Credit and Advances. At September 30, 2026, the Bank had secured borrowing capacity with the FHLB of $1.6 billion collateralized by pledged residential and commercial loans with a carrying value of $2.1 billion. At September 30, 2026, the Bank had no overnight advances, $20.0 million in term advances, and $160.0 million of putable term advances. The weighted average rate of FHLB advances was 3.94% at September 30, 2026. The remaining secured borrowing capacity with the FHLB was $1.4 billion as of September 30, 2026.
The details of the FHLB term advances outstanding at September 30, 2026 are shown in Next Call Date order in the table below:
Advance DateAmountRateCall StructureNext Call DateFinal Stated Maturity Date
(dollars in thousands)
5/8/2025$10,000 3.69%N/AN/A5/10/2028
6/23/202510,000 3.64%N/AN/A6/23/2028
8/27/202620,000 4.02%
One time call (1)
11/27/20268/27/2029
6/15/202610,000 3.84%
One time call (2)
12/15/20266/15/2029
6/15/202610,000 3.84%
One time call (2)
12/17/20266/17/2030
6/15/202620,000 3.94%
One time call (3)
6/15/20276/15/2029
6/24/202620,000 3.97%
One time call (3)
6/24/20276/24/2030
6/24/202620,000 4.01%
One time call (3)
6/25/20276/25/2029
7/01/202620,000 3.99%
One time call (3)
7/01/20277/01/2030
8/27/202620,000 3.96%
Quarterly call (3)
8/27/20278/27/2030
7/02/202620,000 4.10%
Quarterly call (4)
7/03/20287/03/2030
Total$180,000 3.94%
(1)Call option by the FHLB after initial three month lock out.
(2)Call option by the FHLB after initial six month lock out.
(3)Call option by the FHLB after initial one year lock out.
(4)Call option by the FHLB after initial two year lock out.
FRB Secured Line of Credit. At September 30, 2026, the Bank had a secured borrowing capacity with the FRBSF of $68.5 million collateralized by pledged loans with a carrying value of $86.0 million.
Federal Funds Arrangements with Commercial Banks. At September 30, 2026, the Bank had established unsecured borrowing lines with other financial institutions totaling $97.0 million.
There were no amounts outstanding under any of the other borrowing arrangements above as of September 30, 2026, except the FHLB term advances of $180.0 million.