Borrowing Arrangements

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Borrowing Arrangements

Borrowing Arrangements

As of March 31, 2025, the Company had $75.0 million advances from FHLB with a weighted average interest rate of 4.22% and a weighted average remaining term of 0.1 years, compared to $95 million advances with a weighted average interest rate of 4.34% and a weighted average remaining term of 0.2 years as of December 31, 2024. The Company has a letter of credit with the FHLB in the amount of $135.0 million and $100.0 million to secure a public deposit as of March 31, 2025 and December 31, 2024, respectively.

The Company had available borrowing capacity from the following institutions as of March 31, 2025:

($ in thousands)
FHLB	$	381,456
Federal Reserve Bank	217,563
Pacific Coast Bankers Bank	50,000
Zions Bank	25,000
First Horizon Bank	25,000
Total	$	699,019

The Company has pledged approximately $1.46 billion and $1.41 billion of loans as collateral for these lines of credit as of March 31, 2025 and December 31, 2024, respectively.