XML 46 R30.htm IDEA: XBRL DOCUMENT v3.26.1
Borrowings (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Borrowings
The table below summarizes the Company’s borrowings.
(dollars in thousands)Borrowings - PrincipalUnamortized Deferred Issuance CostsNet Borrowings Outstanding
Available Capacity (1)
Maturity Dates
Interest Rates (2)
As of March 31, 2026
Short-term borrowings:
Secured borrowings:
FHLB$— $— $— $899,817 N/A— %
FRB:
Discount window— — — 1,184,055 N/A— %
Total— — — 2,083,872 
Long-term borrowings:
Senior notes77,665 (1,154)76,511 — September 30, 202910.00 %
Total borrowings$77,665 $(1,154)$76,511 $2,083,872 
As of December 31, 2025
Short-term borrowings:
Secured borrowings:
FHLB$— $— $— $1,349,351 N/A—%
FRB:
Discount window— — — 1,373,872 N/A—%
Total— — — 2,723,223 
Long-term borrowings:
Senior notes77,665 (1,237)76,428 — September 30, 202910.00%
Total borrowings$77,665 $(1,237)$76,428 $2,723,223 
(1)Available capacity on the Company's borrowings arrangements with the FHLB and the FRB comprise pledged collateral that has not been borrowed against. FHLB capacity was reduced by $23.0 million as of March 31, 2026 and $12.4 million as of December 31, 2025 due to the issuance of letters of credit. As of March 31, 2026, the Company had total additional undrawn borrowing capacity of approximately $3.8 billion, comprising unencumbered securities available to be pledged of approximately $1.7 billion and undrawn financing on pledged assets of $2.1 billion.
(2)Represents the weighted average interest rate on customer repurchase agreements, borrowings outstanding and the coupon interest rate on the subordinated notes, which approximates the effective interest rate.