XML 25 R18.htm IDEA: XBRL DOCUMENT v3.25.2
Short-Term and Other Borrowings
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Short-Term and Other Borrowings

(8) Short-Term and Other Borrowings

Short-term borrowings, which consist of federal funds purchased and short-term FHLB advances, are summarized as follows:

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Short-term
Borrowings

 

 

Short-term
Borrowings

 

Fed Funds Purchased

 

$

—

 

 

$

—

 

FHLB Advances:

 

 

 

 

 

 

  Overnight advances

 

$

433,500

 

 

$

339,000

 

  Interest rate on balance

 

 

4.42

%

 

 

4.42

%

Total Short-term FHLB Advances

 

$

433,500

 

 

$

339,000

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

Short-term
Borrowings

 

 

Short-term
Borrowings

 

 

Short-term
Borrowings

 

 

Short-term
Borrowings

 

Maximum indebtedness

 

$

465,000

 

 

$

501,500

 

 

$

465,000

 

 

$

501,500

 

Rate

 

 

4.44

%

 

 

5.48

%

 

 

4.44

%

 

 

5.48

%

End of period balance

 

$

433,500

 

 

$

500,500

 

 

$

433,500

 

 

$

500,500

 

Rate

 

 

4.42

%

 

 

5.43

%

 

 

4.42

%

 

 

5.43

%

Average balance

 

 

412,545

 

 

 

440,670

 

 

 

384,224

 

 

 

384,679

 

Rate

 

 

4.42

%

 

 

5.46

%

 

 

4.42

%

 

 

5.45

%

 

Average balance during the period represents daily averages. Average rate paid represents interest expense divided by the related average balances.

 

The following table summarizes the Company's subordinated debentures at June 30, 2025 and December 31, 2024.

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Subordinated
Debentures

 

 

Subordinated
Debentures

 

Subordinated Debentures:

 

 

 

 

 

 

First Citizens Statutory Trust II

 

$

7,732

 

 

$

7,732

 

First Citizens Statutory Trust III

 

 

12,887

 

 

 

12,887

 

First Citizens Statutory Trust IV

 

 

5,155

 

 

 

5,155

 

Futura TPF Trust I

 

 

2,578

 

 

 

2,578

 

Futura TPF Trust II

 

 

1,997

 

 

 

1,997

 

Long-Term Subordinated Debentures, net of unamortized debt issuance costs

 

 

73,823

 

 

 

73,740

 

Total Subordinated Debentures

 

$

104,172

 

 

$

104,089

 

 

 

Other borrowings, which consists of secured borrowings from other institutions for the right to participate in the future payments of specific leases originated by the CLF division of Civista, totaled $5,379 and $6,293 at June 30, 2025 and December 31, 2024, respectively. The weighted average rate on these borrowings was 7.74% and 6.72% at June 30, 2025 and December 31, 2024, respectively. The weighted average life was 24 months and 30 months at June 30, 2025 and December 31, 2024, respectively.