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Other Borrowings (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Summary of Balances of Other Borrowings
A summary of the balances of other borrowings follows:
September 30,
2024
December 31,
2023
(in thousands)
Term borrowing at FHLB, fixed rate of 5.46%, payable on October 7, 2024
75,000 — 
Term borrowing at FHLB, fixed rate of 5.23%, payable on April 8, 2025
75,000 — 
Term borrowing at FHLB, fixed rate of 4.75%, payable on April 8, 2024
— 200,000 
Overnight borrowing at FHLB, fixed rate of 5.70%, payable on January 2, 2024
— 400,000 
Overnight borrowing at FHLB, fixed rate, as of September 30, 2024 of 5.21%, payable on October 1, 2024
100,000 — 
Other collateralized borrowings, fixed rate, as of September 30, 2024 and December 31, 2023 of 0.05%, payable on October 1, 2024 and January 2, 2024, respectively
16,767 32,582 
Total other borrowings$266,767 $632,582