XML 71 R60.htm IDEA: XBRL DOCUMENT v3.24.2.u1
BORROWINGS (Details)
6 Months Ended
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Borrowings    
Borrowing in term FHLB $ 400,000,000 $ 100,000,000
Carrying Value 173,428,000 173,397,000
Loans held for investment 4,400,000,000 4,300,000,000
Federal Home Loan Bank, maximum borrowing capacity 2,000,000,000.0 2,000,000,000.0
Federal Home Loan Bank, additional credit available 10,000,000 $ 310,000,000
FHLB term advances interest rate   4.21%
Unsecured debt $ 190,000,000  
Number of financial institutions 5  
Securities pledged as collateral $ 83,100,000 $ 76,300,000
FHLB putable advances    
Borrowings    
FHLB advances $ 1,000,000,000 $ 800,000,000
Weighted average interest rate 3.74% 3.74%
Minimum    
Borrowings    
Unsecured debt $ 20,000,000  
Maximum    
Borrowings    
Unsecured debt $ 100,000,000  
Weighted Average | FHLB putable advances    
Borrowings    
Weighted average life 6 years 9 months 5 years 4 months 28 days
Revolving Credit Facility    
Borrowings    
Long-term line of credit $ 0 $ 0
Debt instrument basis point rate 0.50%  
Line of credit, borrowing capacity $ 20,000,000  
FHLB Advances Maturing on May 28, 2027    
Borrowings    
FHLB advances $ 300,000,000  
Weighted average life 3 years  
Interest rate (as a percent) 4.95%  
FHLB Advances Maturing on June 28, 2028    
Borrowings    
FHLB advances $ 100,000,000  
Weighted average life 5 years  
Interest rate (as a percent) 4.21%  
Overnight FHLB Advance    
Borrowings    
Secured debt   160,000,000
Repurchase agreements    
Borrowings    
Secured debt $ 43,000,000 64,000,000
Federal Reserve Bank advances    
Borrowings    
Secured debt 273,000,000 285,000,000
Unsecured federal funds    
Borrowings    
Unsecured debt 0 0
Borrower In Custody    
Borrowings    
Long-term line of credit   $ 160,000,000
Interest rate (as a percent)   5.50%
Bank Term Funding Program    
Borrowings    
Long-term line of credit $ 273,000,000 $ 285,000,000
Debt instrument basis point rate 0.10%  
Remaining borrowing capacity $ 674,000,000 $ 402,000,000