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FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS

6. FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS

 

At June 30, 2026, the Company had $74.9 million of overnight borrowings at the FHLB at a rate of 3.94 percent. At December 31, 2025, the Company had $73.3 million of overnight borrowings at the FHLB at a rate of 3.96 percent. At June 30, 2026, unused short-term overnight borrowing capacity totaled $1.69 billion from the FHLB, $15.0 million from correspondent banks and $2.67 billion at the Federal Reserve Bank of New York. The Company maintains a blanket lien on eligible mortgage loans and securities to secure outstanding and potential future borrowings from both the FHLB and the Federal Reserve Bank of New York.