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BORROWINGS AND LONG-TERM DEBT (Tables) | 3 Months Ended
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Mar. 31, 2026
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following table presents the Company’s long-term debt:
|  | March 31, 2026 |  | December 31, 2025 |  |  |
(dollars in thousands) |  | Par Value |  | Carrying Value (1) |  | Par Value |  | Carrying Value (1) | Rate |  | Maturity Date
Senior Notes (2) |  | $ | — |  |  | $ | — |  |  | $ | 65,000 |  |  | $ | 64,835 |  | 6.5% per annum |  | June 1, 2026
Subordinated Notes |  | 96,000 |  |  | 80,774 |  |  | 96,000 |  |  | 79,626 |  | 3.5% per annum (3) |  | January 30, 2032
TRUPs: |  |  |  |  |  |  |  |  |  |  |
HomeStreet Statutory Trust I (5) |  | 5,155 |  |  | 4,132 |  |  | 5,155 |  |  | 4,090 |  | 3-month Term SOFR + 1.96% (4) |  | June 15, 2035
HomeStreet Statutory Trust II (5) |  | 20,619 |  |  | 16,113 |  |  | 20,619 |  |  | 15,943 |  | 3-month Term SOFR + 1.76% (4) |  | December 15, 2035
HomeStreet Statutory Trust III (5) |  | 20,619 |  |  | 15,855 |  |  | 20,619 |  |  | 15,686 |  | 3-month Term SOFR + 1.63% (4) |  | March 15, 2036
HomeStreet Statutory Trust IV (5) |  | 15,464 |  |  | 11,941 |  |  | 15,464 |  |  | 11,834 |  | 3-month Term SOFR + 1.94% (4) |  | June 15, 2037
Total |  | $ | 157,857 |  |  | $ | 128,815 |  |  | $ | 222,857 |  |  | $ | 192,014 |  |  |  |
(1)Includes discounts from purchase accounting adjustments as a result of the Merger on September 2, 2025. (2)On March 1, 2026, the Company redeemed at par, its $65 million of Senior Notes. (3)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. (4)These rates reflect the floating rates as of March 31, 2026. (5)Call options are exercisable at par and are callable, without penalty, on a quarterly basis.

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