Borrowing Arrangements

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Borrowing Arrangements

Note 8. Borrowing arrangements

As of December 31, 2020, the Company had $5.0 million borrowings from the Federal Home Loan Bank of San Francisco. The Company has a letter of credit with the FHLB in the amount of $67.0 million to secure a public deposit.

The Company had available borrowings from the following institutions as of December 31, 2020:

	December 31, 2020
	(In thousands)
Federal Home Loan Bank—San Francisco	$	262,990
Federal Reserve Bank		125,672
Pacific Coast Bankers Bank		50,000
Zions Bank		25,000
First Horizon Bank		25,000
Total	$	488,662

The Company has pledged approximately $909.2 million of loans as collateral for these lines of credit as of December 31, 2020.