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Federal Home Loan Bank Advances and Other Borrowings

9 Months Ended

Sep. 30, 2025

Federal Home Loan Banks [Abstract]

Borrowings

Note 11    Borrowings

Notes and other borrowings consisted of the following at the dates indicated (dollars in thousands):

			September 30, 2025						December 31, 2024
Senior notes:
Principal amount of 4.875% senior notes maturing on November 17, 2025			$	—					$	388,479
Unamortized discount and debt issuance costs			—						(802)
			—						387,677
Subordinated notes:
Principal amount of 5.125% subordinated notes maturing on June 11, 2030			300,000						300,000
Unamortized discount and debt issuance costs			(3,297)						(3,753)
			296,703						296,247
Total notes			296,703						683,924
Finance leases			23,728						24,629
Notes and other borrowings			$	320,431					$	708,553

The subordinated notes pay interest semiannually and have an effective interest rate of 5.39%, after consideration of issuance discount and costs. The notes may be redeemed by the Company, in whole or in part, on or after March 11, 2030 at a redemption price equal to 100% of the principal amount being redeemed plus accrued and unpaid interest, subject to the approval of the Federal Reserve. The notes qualify as Tier 2 capital for regulatory capital purposes, subject to applicable limitations.

At September 30, 2025, BankUnited had available borrowing capacity at the FHLB of approximately $7.7 billion and unused borrowing capacity at the FRB of approximately $7.1 billion.

X

- Definition

The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(13)(3)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 470
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478878/942-470-45-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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