XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.23.2

Note 10 - FHLB Borrowings | 6 Months Ended
--- | ---
Jun. 30, 2023
Notes to Financial Statements |
Federal Home Loan Bank, Advances [Text Block] | Note 10. FHLB Borrowings The Company’s FHLB borrowings and weighted average interest rates are summarized below:
|  | June 30, 2023 |  |  | December 31, 2022 |
|  | Amount |  |  | Rate |  |  | Amount |  |  | Rate |
|  | (dollars in thousands) |
By remaining period to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than 1 year |  | $ | 775,001 |  |  |  | 5.35 | % |  | $ | 830,000 |  |  |  | 4.42 | %
1 year through less than 2 years |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
2 years through less than 3 years |  |  | 25,000 |  |  |  | 1.00 |  |  |  | 25,000 |  |  |  | 1.00 |
3 years through less than 4 years |  |  | 2,050 |  |  |  | 2.23 |  |  |  | 2,050 |  |  |  | 2.23 |
4 years through 5 years |  |  | 25,309 |  |  |  | 4.16 |  |  |  | 326 |  |  |  | 2.85 |
After 5 years |  |  | 310 |  |  |  | 2.96 |  |  |  | 326 |  |  |  | 2.96 |
FHLB borrowings - gross |  |  | 827,670 |  |  |  | 5.17 | % |  |  | 857,702 |  |  |  | 4.32 | %
Fair value discount |  |  | (69 | ) |  |  |  |  |  |  | (80 | ) |  |  |  |
Total FHLB borrowings |  | $ | 827,601 |  |  |  |  |  |  | $ | 857,622 |  |  |  |  |
The FHLB borrowings are secured by pledges of certain collateral including, but not limited to, U.S. government and agency mortgage-backed securities and a blanket assignment of qualifying first lien mortgage loans, consisting of both residential mortgages and commercial real estate loans. Advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances bear fixed rates. The advances as of June 30, 2023 were primarily collateralized by approximately $2.8 billion of commercial mortgage loans and securities, net of required over collateralization amounts, under a blanket lien arrangement. As of June 30, 2023 the Company had remaining borrowing capacity of approximately $1.5 billion at FHLB.

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

X
- Definition The entire disclosure of advances made and reported by Federal Home Loan Bank (FHLBank). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//942/tableOfContent + Details
Name: | us-gaap_FederalHomeLoanBankAdvancesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration