XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.1
Short-Term Borrowings and Other Obligations
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Short-Term Borrowings and Other Obligations Short-Term Borrowings and Other Obligations
 
Federal Home Loan Bank – As of March 31, 2023 and December 31, 2022, the Bank had total lines of credit with the FHLB totaling $1.037 billion and $711.6 million, respectively, based on eligible collateral of certain loans and investment securities.

Federal Funds Lines of Credit – The Bank had unsecured lines of credit with correspondent banks for overnight borrowings totaling $150.0 million at March 31, 2023 and December 31, 2022.  In general, interest rates on these lines approximate the federal funds target rate.

Federal Reserve Bank – The Bank has a line of credit with the Federal Reserve Bank of San Francisco ("FRBSF") secured by certain residential loans.  At March 31, 2023 and December 31, 2022, the Bank had total borrowing capacity under this line of $60.6 million and $58.7 million, respectively. In addition, under the Federal Reserve’s new BTFP facility, the Bank could borrow up to an additional $283.6 million based on the par value of pledged investment securities as of March 31, 2023.

Other Obligations – Finance lease liabilities totaling $402 thousand and $439 thousand at March 31, 2023 and December 31, 2022, respectively, are included in short-term borrowings and other obligations in the consolidated statements of condition. See Note 8, Commitments and Contingencies, for additional information.


Outstanding balances and weighted average interest rates on short-term borrowings and other obligations as of March 31, 2023 and December 31, 2022 are summarized in the following table.
March 31, 2023December 31, 2022
(dollars in thousands)Outstanding BalanceWeighted
Average Rate		Outstanding BalanceWeighted Average Rate
FHLB - short-term borrowings$405,400 5.17 %$112,000 4.65 %
Federal funds lines of credit— — %— — %
FRBSF - federal funds purchased— — %— — %
FRBSF - short-term borrowings under the BTFP— — %— — %
Other obligations (finance leases)402 1.89 %439 1.86 %
Total short-term borrowings and other obligations$405,802 5.17 %$112,439 4.64 %