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Borrowings and Other Obligations
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Borrowings and Other Obligations Borrowings and Other Obligations
 
Federal Home Loan Bank: The Bank had lines of credit with the FHLB totaling $941.7 million and $1.009 billion as of June 30, 2024 and December 31, 2023, 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 $125.0 million and $135.0 million as of June 30, 2024 and December 31, 2023, respectively.  In general, interest rates on these lines approximate the federal funds target rate.

Federal Reserve Bank: The Bank had a line of credit through the Discount Window at the Federal Reserve Bank of San Francisco ("FRBSF") totaling $335.4 million as of June 30, 2024, secured by investment securities and residential loans. As of December 31, 2023, the Bank had a line of credit through the Discount Window totaling $64.0 million, secured by residential loans, and a $270.2 million line under the Federal Reserve's temporary Bank Term Funding Program ("BTFP") based on the par values of pledged investment securities. When the BTFP program ended on March 11, 2024, the investment securities were reallocated to our borrowing facility through the Discount Window.

Other Obligations: Finance lease liabilities totaling $231 thousand and $298 thousand as of June 30, 2024 and December 31, 2023, respectively, are included in borrowings and other obligations in the consolidated statements of condition. Refer to Note 8, Commitments and Contingencies, for additional information.

The carrying values and weighted average interest rates on borrowings and other obligations as of June 30, 2024 and December 31, 2023 are summarized in the following table.
June 30, 2024December 31, 2023
(dollars in thousands)
Carrying Value
Weighted
Average Rate
Carrying Value
Weighted Average Rate
FHLB short-term borrowings$— — %$— — %
Federal funds lines of credit— — %— — %
FRBSF federal funds purchased— — %— — %
FRBSF short-term borrowings under the BTFP— — %26,000 5.30 %
Other obligations (finance leases)231 2.34 %298 1.88 %
Total borrowings and other obligations
$231 2.34 %$26,298 5.26 %