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Short-term Borrowings
12 Months Ended
Dec. 31, 2025
Short-Term Debt [Abstract]  
Short-term Borrowings Short-term Borrowings
Total short-term borrowings were $20.8 million as of December 31, 2025 and $2.0 million as of December 31, 2024, respectively. Short-term borrowings generally consist of federal funds purchased and advances from the FHLB with an original maturity of less than one year. Federal funds purchased from correspondent banks mature in one business day and are repriced daily based on the federal funds rate. Advances from the FHLB are collateralized by the Bank's investment in FHLB common stock and by a blanket lien on selected loan receivables, comprised principally of real estate secured loans. As of December 31, 2025, the amount of loans pledged totaled $2.7 billion. As of December 31, 2025, the Bank's unused short-term borrowing capacity with the FHLB totaled $1.7 billion (equal to $1.9 billion of maximum borrowing capacity less the aggregate amount of FHLB letters of credit securing public funds deposits, and other FHLB advances and obligations outstanding) upon satisfaction of any stock purchase requirements of the FHLB.
The Bank also maintained unused overnight lines of credit with other correspondent banks totaling $35.0 million as of December 31, 2025. No draws have been made on these lines of credit and on December 31, 2025 and 2024, the balance was $0.