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Borrowings
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Borrowings Borrowings
Advances payable to the FHLB amounted to $456.0 million and $626.0 million, respectively, at June 30, 2026 and December 31, 2025. See Note 6 for additional disclosure on derivatives designated as cash flow hedges to hedge the interest rate risk associated with short-term FHLB advances.

The Bank pledges certain qualified investment securities and loans as collateral to the FHLB. The Bank had available borrowing capacity of $1.4 billion with the FHLB as of both June 30, 2026 and December 31, 2025. In addition, the Bank had access to a $40.0 million unused line of credit with the FHLB at both June 30, 2026 and December 31, 2025.

The Bank had standby letters of credit with the FHLB of $65.1 million and $66.0 million at June 30, 2026 and December 31, 2025 to collateralize institutional deposits.
The following table presents maturities and weighted average interest rates on FHLB advances outstanding as of June 30, 2026:
(Dollars in thousands)Scheduled
Maturity
Weighted
Average Rate
July 1, 2026 to December 31, 2026$220,000 3.98%
202760,000 4.12 
202890,000 4.33 
202980,000 3.82 
20306,000 3.33 
2031 and thereafter— — 
Balance at June 30, 2026$456,000 4.03%