XML 38 R24.htm IDEA: XBRL DOCUMENT
v3.25.4

SHORT-TERM BORROWINGS | 12 Months Ended
--- | ---
Dec. 31, 2025
Debt Disclosure [Abstract] |
SHORT-TERM BORROWINGS | SHORT-TERM BORROWINGS Following is a summary of short-term borrowings: TABLE 13.1
December 31 | 2025 |  | 2024
(in millions) |  |  |
Securities sold under repurchase agreements | $ | 131 |  |  | $ | 165 |
Federal Home Loan Bank advances | 1,055 |  |  | 585 |
Federal funds purchased | 705 |  |  | 370 |
Subordinated notes | 126 |  |  | 136 |
Total short-term borrowings | $ | 2,017 |  |  | $ | 1,256 |
Borrowings with original maturities of one year or less are classified as short-term. Securities sold under repurchase agreements are comprised of customer repurchase agreements, which are sweep accounts with next-day maturities utilized by larger commercial customers to earn interest on their funds. Securities are pledged to these customers in an amount at least equal to the outstanding balance. Of the total short-term FHLB advances, $530.0 million, or 50.2%, had overnight maturities as of December 31, 2025, compared to $335.0 million, or 57.3%, as of December 31, 2024. At December 31, 2025 and 2024, none of the short-term FHLB advances were swapped to fixed rates. Federal funds purchased are overnight funds borrowed from other financial institutions. Subordinated notes are unsecured and subordinated to our other indebtedness. The short-term subordinated notes mature within one year. The following represents weighted average interest rates on short-term borrowings: TABLE 13.2
December 31 | 2025 |  | 2024 |  | 2023
Year-to-date average | 4.09 | % |  | 4.80 | % |  | 3.75 | %
Period-end | 3.59 |  |  | 4.11 |  |  | 5.17 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration