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BORROWINGS AND LONG-TERM DEBT (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company’s outstanding long-term debt as of September 30, 2025 are as follows:
|  | September 30, 2025 |  |  |  |
(in thousands) |  | Par Value |  | Carrying Value (1) |  | Rate |  | Maturity Date
Senior Notes |  | $65,000 |  | $64,608 |  | 6.5% per annum |  | June 1, 2026
Subordinated Notes |  | 96,000 |  | 78,449 |  | 3.5% per annum (2) |  | January 30, 2032
TRUPs: |  |  |  |  |  |  |  |
HomeStreet Statutory Trust I (4) |  | 5,155 |  | 4,048 |  | 3 MO SOFR + 1.96% (3) |  | June 15, 2035
HomeStreet Statutory Trust II (4) |  | 20,619 |  | 15,773 |  | 3 MO SOFR + 1.76% (3) |  | December 15, 2035
HomeStreet Statutory Trust III (4) |  | 20,619 |  | 15,516 |  | 3 MO SOFR + 1.63% (3) |  | March 15, 2036
HomeStreet Statutory Trust IV (4) |  | 15,464 |  | 11,729 |  | 3 MO SOFR + 1.94% (3) |  | June 15, 2037
|  | $222,857 |  | $190,123 |  |  |  |
(1) Includes discounts from purchase accounting adjustments as a result of the Merger on September 2, 2025. (2) The Subordinated Notes bear interest at a rate of 3.5% per annum until January 30, 2027. From January 30, 2027, until the maturity date or the date of earlier redemption, the notes will bear interest equal to the three-month term SOFR plus 215 basis points. (3) These rates reflect the floating rates as of September 30, 2025. (4) Call options are exercisable at par and are callable, without penalty, on a quarterly basis.

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