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Borrowings and Other Obligations (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Borrowings
The carrying values, average balances and average rates on borrowings and other obligations as of and for the years ended December 31, 2023, 2022 and 2021 are summarized in the following table.
202320222021
(dollars in thousands)Carrying ValueAverage BalanceAverage RateCarrying ValueAverage BalanceAverage RateCarrying ValueAverage BalanceAverage Rate
FHLB short-term borrowings$— $164,299 5.10 %$112,000 $1,921 4.48 %$— $— — %
FHLB fixed-rate advances— — — %— — — %— 642 1.18 %
Federal funds lines of credit— — — %— — — %— — — %
FRBSF short-term borrowings under the BTFP26,000 56,959 5.30 %— — — %— — — %
Other obligations (finance leases)298 364 1.88 %$439 $374 0.65 %419 250 0.71 %
Total borrowings and other obligations$26,298 $221,623 5.15 %$112,439 $2,295 3.90 %$419 $892 1.08 %
Subordinated Debenture: As part of an acquisition, Bancorp assumed a subordinated debenture with a contractual balance of $4.1 million due to NorCal Community Bancorp Trust II (the "Trust"), established for the sole purpose of issuing trust preferred securities. On March 15, 2021, Bancorp redeemed in full the $2.8 million (book value) subordinated debenture due to the Trust, which had a 251.5% effective rate in 2021, and included accelerated accretion of the $1.3 million remaining purchase discount due to the early redemption.