Borrowing Arrangements

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Borrowing Arrangements

Borrowing ArrangementsAs of September 30, 2021, the Company did not have any borrowings from the FHLB of San Francisco, compared with $5.0 million as of December 31, 2020, which had a zero interest rate under the Recovery Advance Program to support pandemic relief. The Company had a letter of credit with the FHLB in the amount of $67.0 million to secure public deposits as of both September 30, 2021 and December 31, 2020.

The Company had available borrowings from the following institutions as of September 30, 2021:

($ in thousands)	September 30, 2021
Federal Home Loan Bank—San Francisco	$	333,351
Federal Reserve Bank—San Francisco	138,607
Pacific Coast Bankers Bank	50,000
Zions Bank	25,000
First Horizon Bank	25,000
Total	$	571,958

The Company has pledged approximately $906.3 million and $909.2 million of loans as collateral for these lines of credit as of September 30, 2021 and December 31, 2020, respectively.