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BORROWINGS
 12 Months Ended
Dec. 31, 2024
Federal Home Loan Banks [Abstract]  
BORROWINGS BORROWINGS:
The Company regularly borrows funds through advances from the Des Moines FHLB. During 2024 and 2023, the Company borrowed funds from the Federal Reserve Bank ("FRB") under the Bank Term Funding Program ("BTFP") which was phased out in 2024. At December 31, 2023 the Company had $645 million outstanding under the FRB BTFP.

The balances, maturity and rate of the outstanding borrowings from the FHLB and the FRB BTFP were as follows:

At December 31,
20242023
(dollars in thousands)AmountWeighted Average RateAmountWeighted Average Rate
Within one year$450,000 4.56 %$745,000 4.75 %
One to three years550,000 4.35 %450,000 4.56 %
Three through five years— — %550,000 4.35 %
Total$1,000,000 4.44 %$1,745,000 4.58 %

At December 31, 2024 and 2023 the Bank had available borrowing capacity of $1.3 billion and $2.1 billion, respectively, from the FHLB, and $1.6 billion and $710 million, respectively, from the FRBSF.

The Bank is a member of the AFX, through which it may either borrow or lend funds on an overnight or short-term basis with a group of pre-approved commercial banks. The availability of funds changes daily and as of December 31, 2024 and 2023, there were no balances outstanding.
As of December 31, 2024 and 2023, the Company held $50.7 million and $55.3 million, respectively, of FHLB stock.