Other Borrowings

12 Months Ended

Dec. 31, 2025

Other Borrowings [Abstract]

Other Borrowings

Note 12. Other Borrowings

The Bank has access to short-term borrowings from the FHLB in the form of a revolving term commitment used to fund the short-term liquidity needs of the Bank. These borrowings reprice on a daily basis and the interest rate fluctuates with short-term market interest rates. The Bank had no short-term borrowings at December 31, 2025 and 2024.

At December 31, 2025 and 2024, other borrowings were:

	December 31
(Dollars in thousands)	2025		2024
FHLB maturing January 12, 2027, with fixed rate at 4.32%	$	200,000	$	200,000
	$	200,000	$	200,000

The Bank’s maximum borrowing capacity with the FHLB at December 31, 2025 was $734.6 million with $534.6 million available to borrow. This borrowing capacity is secured by a Blanket Pledge Agreement with FHLB on the Bank’s real estate loan portfolio ($863.7 million) together with pledged securities with a fair value of $151.2 million.

‎

Scheduled payments on other borrowings over the next five years are as follows:

(Dollars in thousands)
2026	$	-
2027		200,000
2028		-
2029		-
2030		-
	$	200,000

The Bank has established credit at the Federal Reserve Discount Window and as of year-end had the ability to borrow approximately $131 million. The Bank also has $76.0 million in unsecured lines of credit at three correspondent banks.