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Borrowings (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Securities Sold Under Repurchase Agreements

The following table presents the securities sold under repurchase agreements by collateral pledged at December 31, 2024 and 2023 ($ in thousands):

 

 

December 31,

 

 

 

2024

 

 

2023

 

Mortgage-backed securities

 

 

 

 

 

 

Residential mortgage pass-through securities

 

 

 

 

Issued by FNMA and FHLMC

 

$

11,685

 

 

$

28,600

 

Other residential mortgage-backed securities

 

 

 

 

 

 

Issued or guaranteed by FNMA, FHLMC or GNMA

 

 

7,487

 

 

 

526

 

Commercial mortgage-backed securities

 

 

 

 

 

 

Issued or guaranteed by FNMA, FHLMC or GNMA

 

 

10,169

 

 

 

 

Total securities sold under repurchase agreements

 

$

29,341

 

 

$

29,126

 

Summary of Other Borrowings

At December 31, 2024 and 2023, other borrowings consisted of the following ($ in thousands):

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

FHLB advances

 

$

200,000

 

 

$

400,058

 

Serviced GNMA loans eligible for repurchase

 

 

97,631

 

 

 

78,838

 

Finance lease liabilities

 

 

3,910

 

 

 

4,334

 

Total other borrowings

 

$

301,541

 

 

$

483,230