Other Debt

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Other Debt

Note 10.  Other Debt

The Company’s other debt as of December 31, 2022, and December 31, 2021, were as follows:

	December 31,
(dollars in thousands)	2022		2021
Federal Home Loan Bank of Des Moines Advances	$	400,000	$	—
Finance Lease Obligations		10,294		10,391
Total	$	410,294	$	10,391

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, 2022, FHLB advances totaled $400.0 million with a weighted-average interest rate of 4.16% and maturity dates during 2027.  As of December 31, 2022, the Company had an undrawn line of credit with the FHLB of $2.8 billion.  See Note 4 Loans and Leases and the Allowance for Credit Losses for loans pledged to the FHLB as of December 31, 2022, and December 31, 2021.

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, 2022, the Company had an undrawn line of credit with the FRB of $603.4 million.  See Note 4 Loans and Leases and the Allowance for Credit Losses for loans pledged to the FRB as of December 31, 2022, and December 31, 2021.