XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

Borrowing Arrangements | 3 Months Ended
--- | ---
Mar. 31, 2025
Banking and Thrift, Other Disclosure [Abstract] |
Borrowing Arrangements | Note 7. Borrowing Arrangements Lines of Credit - The Company has unsecured lines of credit available with its correspondent banks which, in the aggregate, amounted to $110,000,000 at March 31, 2025 and December 31, 2024, at interest rates which vary with market conditions. As of March 31, 2025 and December 31, 2024, the Company had no advances outstanding with correspondent banks. Federal Home Loan Bank Advances - As of March 31, 2025, the Company had $90,000,000 Federal Home Loan Bank (“FHLB”) of San Francisco long-term advances outstanding with a weighted average interest rate of 0.86% and a $45,000,000 short-term advance outstanding with an interest rate of 4.52%. Of the $90,000,000 in long-term advances outstanding as of March 31, 2025, $45,000,000 will mature in April 2025, with the remaining $45,000,000 to mature in June 2025. Approximately $1,104,959,000 in loans were pledged under a blanket lien as collateral to the FHLB for the Company’s remaining borrowing capacity of $589,261,000 as of March 31, 2025. FHLB advances are also secured by investment securities with amortized costs totaling $154,610,000 and $153,139,000 and fair values totaling $194,878,000 and $193,424,000 at March 31, 2025 and December 31, 2024, respectively. The Company’s credit limit varies according to the amount and composition of the investment and loan portfolios pledged as collateral. Federal Reserve Line of Credit - The Company has a line of credit through the discount window in the amount of $3,632,000 and $3,669,000 with the Federal Reserve Bank of San Francisco (“FRB”) at March 31, 2025 and December 31, 2024, respectively, which bears interest at the prevailing discount rate collateralized by investment securities with amortized costs totaling $4,270,000 and $4,406,000 and market values totaling $3,770,000 and $3,828,000, respectively. The following table reflects the Company’s credit lines, balances outstanding, and pledged collateral at March 31, 2025 and December 31, 2024:
Credit Lines (in thousands) |  | March 31, 2025 |  | December 31, 2024
Unsecured Credit Lines |  |  |  |
Total credit limit |  | $ | 110,000 |  |  | $ | 110,000 |
Balance outstanding |  | — |  |  | — |
Federal Home Loan Bank |  |  |  |
Total credit limit |  | 751,261 |  |  | 738,556 |
Balance outstanding, net of discount |  | 134,377 |  |  | 133,442 |
Collateral pledged |  | 1,682,393 |  |  | 1,236,732 |
Fair value of collateral |  | 1,299,838 |  |  | 1,083,041 |
Federal Reserve Bank |  |  |  |
Credit limit |  | 3,632 |  |  | 3,669 |
Balance outstanding |  | — |  |  | — |
Collateral pledged |  | 4,270 |  |  | 4,406 |
Fair value of collateral |  | 3,770 |  |  | 3,828 |

X
- References No definition available. + Details
Name: | us-gaap_BankingAndThriftOtherDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(3)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_FederalHomeLoanBankAdvancesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration