XML 23 R16.htm IDEA: XBRL DOCUMENT
v3.25.3

Short Term Borrowings | 9 Months Ended
--- | ---
Sep. 30, 2025
Short-Term Debt [Abstract] |
Short Term Borrowings | 6. Short term borrowings Short-term borrowings include Federal Home Loan Bank (FHLB) advances totalin g $1.3 billion as of September 30, 2025. There were no FHLB advances outstanding at December 31, 2024. At September 30, 2025, FHLB advances outstanding was comprised of three fixed rate notes with a weighted average interest rate of 4.22% maturing on October 1, November 3, and December 1, 2025. As short-term advances mature, they are generally paid off and replaced with new short-term FHLB advances, if warranted, depending on funding needs. Also included in short-term borrowings are securities sold under agreements to repurchase that mature daily and are secured by U.S. agency securities totaling $616.2 million and $638.7 million at September 30, 2025 and December 31, 2024, respectively. The Company borrows funds on a secured basis by selling securities under agreements to repurchase, mainly in connection with treasury management services offered to its deposit customers. As the Company maintains effective control over assets sold under agreements to repurchase, the securities continue to be carried on the consolidated statements of financial condition. Because the Company acts as borrower transferring assets to the counterparty, and the agreements mature daily, the Company’s risk is limited. The remaining balances in short-term borrowings of $0.3 million at September 30, 2025 and December 31, 2024, are federal funds purchased, which are unsecured borrowings from other banks, generally on an overnight basis.

X
- References No definition available. + Details
Name: | us-gaap_ShortTermBorrowingsAbstract
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