Short-term Borrowings

9 Months Ended

Sep. 30, 2025

Short-term Borrowings [Abstract]

Short-term borrowings

Note 6—Short-term borrowings

As of September 30, 2025 and December 31, 2024, committed lines of credit arrangements totaling $2.1 billion, were available to the Company from the FHLB, FRB, and unaffiliated banks.

The Company is a member of the FHLB of San Francisco and has a committed credit line of $807.3 million, which is secured by $1.2 billion in various real estate loans and $1.4 million in investment securities pledged as collateral. Borrowings generally provide for interest at the then current published rate based on the borrowing term. The overnight borrowing rate was 4.36% as of September 30, 2025.

The Company has $1.4 billion in pledged loans with the FRB. As of September 30, 2025, the Company’s overnight borrowing capacity using the primary credit facilities from the Fed account was $1.1 billion. The borrowing rate was 4.25% as of September 30, 2025.

There were no outstanding advances on the above borrowing facilities as of September 30, 2025 or December 31, 2024.