XML 27 R16.htm IDEA: XBRL DOCUMENT

Federal Home Loan Bank Advances and Other Borrowings	9 Months Ended
Federal Home Loan Bank Advances and Other Borrowings	Sep. 30, 2020
Debt Disclosure [Abstract]
Federal Home Loan Bank Advances and Other Borrowings	Federal Home Loan Bank Advances and Other Borrowings FHLB Advances The Company had outstanding FHLB advances of $130.0 million and $20.0 million at September 30, 2020 and December 31, 2019, respectively. FHLB advances consisted of fixed interest rate term borrowings of $130.0 million with original maturity terms ranging from 6 months to 5 years and weighted-average interest rate of 0.51% at September 30, 2020. At December 31, 2019, FHLB advances consisted of fixed interest rate term borrowings with original maturity terms ranging from 3 to 5 years and weighted-average interest rate of 1.92%. Each borrowing is payable at its maturity date. Borrowings paid early are subject to a prepayment penalty. At September 30, 2020 and December 31, 2019, loans pledged to secure borrowings from the FHLB were $609.4 million and $621.7 million, respectively. The Company’s investment in capital stock of the FHLB of San Francisco totaled $8.3 million and $8.2 million, respectively, at September 30, 2020 and December 31, 2019. The Company had additional borrowing capacity of $321.1 million and $404.8 million, respectively, from the FHLB as of September 30, 2020 and December 31, 2019. Other Borrowing Arrangements At September 30, 2020, the Company had $33.8 million of unused borrowing capacity from the Federal Reserve Discount Window, to which the Company pledged loans with a carrying value of $41.8 million with no outstanding borrowings. In addition, the Company may borrow up to approximately $65.0 million overnight federal funds lines with correspondent financial institutions at September 30, 2020.