Other Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Other Debt

Note 10. Other Debt

The Company’s other debt as of December 31, 2023, and December 31, 2022, were as follows:

	December 31,
(dollars in thousands)	2023		2022
Federal Home Loan Bank of Des Moines Advances	$	550,000	$	400,000
Finance Lease Obligations		10,190		10,294
Total	$	560,190	$	410,294

As a member of the FHLB, the Bank may borrow funds from the FHLB in amounts up to 45% of the Bank’s total assets, provided the Bank is able to pledge an adequate amount of qualified assets to secure the borrowings. As of December 31, 2023, FHLB advances totaled $550.0 million with a weighted-average interest rate of 4.13% and maturity dates ranging from 2026 to 2028. As of December 31, 2023, the Company had an undrawn line of credit with the FHLB of $2.5 billion.

As of December 31, 2023, the Company had an undrawn line of credit with the FRB of $6.4 billion.

Finance lease obligations relate to office space at the Company’s headquarters. The lease began in 1993 and has a 60 year term.

As of December 31, 2023, the annual maturities of the Company's other debt, exclusive of finance lease obligations, were expected to be as follows:

(dollars in thousands)	Amount
2024	$	—
2025		—
2026		50,000
2027		400,000
2028		100,000
Total	$	550,000