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Borrowings and Other Obligations
 12 Months Ended
Dec. 31, 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 $948.1 million and $1.009 billion as of December 31, 2024 and 2023, respectively, based on the 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 December 31, 2024 and 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 $358.0 million as of December 31, 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 $154 thousand and $298 thousand at December 31, 2024 and 2023, respectively, are included in borrowings and other obligations in the Consolidated Statements of Condition. Refer to Note 12, Commitments and Contingencies, for additional information.

The carrying values, average balances and average rates on borrowings and other obligations as of and for the years ended December 31, 2024, 2023 and 2022 are summarized in the following table.
2024
2023
2022
(dollars in thousands)Carrying ValueAverage BalanceAverage RateCarrying ValueAverage BalanceAverage RateCarrying ValueAverage BalanceAverage Rate
FHLB short-term borrowings$— $119 5.52 %$— $164,299 5.10 %$112,000 $1,921 4.48 %
FHLB fixed-rate advances— — — %— — — %— — — %
Federal funds lines of credit— — — %— — — %— — — %
FRBSF advances - Discount Window
— 2,680 5.42 %— — — %— — — %
FRBSF short-term borrowings under the BTFP— 1,607 5.00 %26,000 56,959 5.30 %— — — %
Other obligations (finance leases)154 222 2.23 %298 $364 1.88 %439 374 0.65 %
Total borrowings and other obligations$154 $4,628 5.13 %$26,298 $221,623 5.15 %$112,439 $2,295 3.90 %