XML 31 R16.htm IDEA: XBRL DOCUMENT
v3.25.0.1

ADVANCES FROM FEDERAL HOME LOAN BANK OF DES MOINES | 12 Months Ended
--- | ---
Dec. 31, 2024
Advance from Federal Home Loan Bank [Abstract] |
ADVANCES FROM FEDERAL HOME LOAN BANK OF DES MOINES | Utilizing a blanket pledge, qualifying loans receivable at December 31, 2024 and 2023, were pledged as security for FHLB borrowings and there were no securities pledged as collateral as of December 31, 2024 or 2023. At December 31, 2024 and 2023, FHLB advances were scheduled to mature as follows (dollars in thousands):
| December 31,
| 2024 |  | 2023
| Amount |  | Weighted Average Rate |  | Amount |  | Weighted Average Rate
Maturing in one year or less | $ | 290,000 |  |  | 4.62 | % |  | $ | 323,000 |  |  | 5.64 | %
Total FHLB advances | $ | 290,000 |  |  | 4.62 | % |  | $ | 323,000 |  |  | 5.64 | %
The maximum amount outstanding from the FHLB advances at any month end for the years ended December 31, 2024 and 2023 was $398.0 million and $645.0 million, respectively. The average FHLB advances balance outstanding for the years ended December 31, 2024 and 2023 was $160.0 million and $196.8 million, respectively. The average contractual interest rate on the FHLB advances for the years ended December 31, 2024 and 2023 was 5.59% and 5.35%, respectively. As of December 31, 2024, the Bank has established a borrowing line with the FHLB to borrow up to 45% of its total assets, contingent on having sufficient qualifying collateral and ownership of FHLB stock. At December 31, 2024, under these credit facilities based on pledged collateral, the Bank had $2.95 billion of available credit capacity.

X
- References No definition available. + Details
Name: | us-gaap_AdvancesFromFederalHomeLoanBanksAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_FederalHomeLoanBankAdvancesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration