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Federal Home Loan Bank Advances
12 Months Ended
Dec. 31, 2023
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Federal Home Loan Bank Advances FEDERAL HOME LOAN BANK ADVANCES
FHLB advances are collateralized by 1-4 family residential real estate loans, business loans, and certain commercial real estate loans. At December 31, 2023 and 2022, the carrying value of the loans pledged to the FHLB of Des Moines was $1.9 billion and $1.4 billion, respectively. The loans are pledged to the secured line of credit to maintain the borrowing base, which had availability of approximately $1.0 billion at December 31, 2023.

The following table summarizes the Company’s FHLB advances at December 31:
20232022
($ in thousands)Outstanding BalanceWeighted RateOutstanding BalanceWeighted Rate
Non-amortizing fixed advance$— — %$100,000 4.57 %