Borrowing Arrangements (Tables)

3 Months Ended

Mar. 31, 2025

Information related to borrowings is provided in the table below (dollars in thousands):


	March 31, 2025			December 31, 2024
Other borrowings:
Balance at end of period	$	79,698		$	76,443
Average amount outstanding during the period (1)	108,352			205,743
Maximum amount outstanding during the period (2)	259,317			597,765
Weighted average interest rate during the period (3)	5.3		%	5.7		%
Interest rate at end of period (4)	3.5		%	3.6		%

FHLB borrowings:
Balance at end of period	$	611,719		$	731,909
Average amount outstanding during the period (1)	614,897			601,366
Maximum amount outstanding during the period (2)	651,782			760,046
Weighted average interest rate during the period (3)	3.9		%	4.1		%
Interest rate at end of period (5)	4.0		%	3.7		%

(1)The average amount outstanding during the period was computed by dividing the total daily outstanding principal balances by the number of days in the period.

(2)The maximum amount outstanding at any month-end during the period.

(3)The weighted average interest rate during the period was computed by dividing the actual interest expense (annualized for interim periods) by the average amount outstanding during the period. The weighted average interest rate on FHLB borrowings includes the effect of interest rate swaps.

(4)Stated rate.

(5)The interest rate on FHLB borrowings includes the effect of interest rate swaps.

Schedule of Maturities of Borrowings

Maturities of the obligations associated with our borrowing arrangements based on scheduled repayments at March 31, 2025 are as follows (in thousands):


	Payments Due by Period
	Less than 1 Year		1-2 Years		2-3 Years		3-4 Years		4-5 Years		Thereafter		Total
Other borrowings	$	79,448	$	250	$	—	$	—	$	—	$	—	$	79,698
FHLB borrowings	610,775		392		411		141		—		—		611,719
Total obligations	$	690,223	$	642	$	411	$	141	$	—	$	—	$	691,417