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Borrowings
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Borrowings Borrowings
The Company maintains a line of credit with the Federal Home Loan Bank (“FHLB”) of San Francisco as a secondary source of funds. The borrowing capacity with the FHLB is limited to the lower of 25% of the Bank’s total assets or the Bank’s collateral capacity, which was $4.30 billion at June 30, 2021, and $4.18 billion at December 31, 2020. The terms of this credit facility require the Company to pledge eligible collateral with the FHLB equal to at least 100% of outstanding advances. The Company also has an unsecured credit facility with the FHLB that totaled $81.2 million at June 30, 2021 and December 31, 2020.
At June 30, 2021 and December 31, 2020, loans with a carrying amount of approximately $6.61 billion and $6.95 billion, respectively, were pledged at the FHLB for outstanding advances and remaining borrowing capacity. At June 30, 2021 and December 31, 2020, other than FHLB stock, no securities were pledged as collateral at the FHLB. The purchase of FHLB stock is a prerequisite to become a member of the FHLB system, and the Company is required to own a certain amount of FHLB stock based on outstanding borrowings.
At June 30, 2021 and December 31, 2020, FHLB advances totaled $200.0 million and $250.0 million, respectively, and had weighted average interest rates of 1.26% and 1.07%, respectively. FHLB advances at June 30, 2021 and December 31, 2020 had various maturities through December 2022. The interest rates of FHLB advances as of June 30, 2021 ranged between 0.13% and 2.39%. At June 30, 2021, the Company’s remaining borrowing capacity with the FHLB was $4.08 billion.
The Company maintains unsecured borrowing lines with other banks. There were no federal funds purchased from other banks at June 30, 2021 and December 31, 2020.
At June 30, 2021, the contractual maturities for outstanding FHLB advances were as follows:
June 30, 2021
Scheduled maturities in:(Dollars in thousands)
2021$100,000 
2022100,000 
Total$200,000 

As a member of the Federal Reserve Bank (“FRB”) system, the Bank may also borrow from the FRB of San Francisco. The maximum amount that the Bank may borrow from the FRB’s discount window is up to 99% of the fair market value of the qualifying loans and securities that are pledged. At June 30, 2021, the outstanding principal balance of the qualifying loans pledged at the FRB was $766.0 million and there was one investment security pledged to borrow against the discount window with book value totaling $2.4 million. At June 30, 2021 and December 31, 2020, the total available borrowing capacity at the FRB discount window was $616.4 million and $616.0 million, respectively. There were no borrowings outstanding with the FRB discount window as of June 30, 2021 and December 31, 2020.