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Short-term Borrowings/Other Borrowings | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Short-term Borrowings/Other Borrowings | Short-term Borrowings/Other Borrowings The Bank maintains lines of credit with the Federal Reserve Bank, the Federal Home Loan Bank, and corespondent banks which may be drawn upon, as needed, to cover short-term financial obligations, or for investment or capital utilization purposes. The following table sets forth the Bank’s outstanding and available credit lines for the periods indicated:
(In thousands) |  | December 31, 2024 |  | December 31, 2023
Unsecured credit lines: |  |  |  |
Credit limit |  | $ | 90,000 |  |  | $ | 80,000 |
Balance outstanding |  | — |  |  | 2,000 |
Federal Home Loan Bank: |  |  |  |
Credit limit |  | 135,634 |  |  | 128,935 |
Balance outstanding |  | — |  |  | 60,000 |
Collateral pledged |  | 230,001 |  |  | 232,144 |
Federal Reserve Bank: |  |  |  |
Credit limit |  | 499,069 |  |  | 463,501 |
Balance outstanding |  | — |  |  | — |
Collateral pledged |  | 617,860 |  |  | 608,045 |
At December 31, 2024, the Company’s available lines of credit totaled $724.7 million. All lines of credit are on an “as available” basis and can be revoked by the grantor at any time. These lines of credit have interest rates that are generally tied to the Federal Funds rate or are indexed to short-term U.S. Treasury rates or SOFR. FHLB and FRB advances are collateralized by loans and investment securities. At December 31, 2024, $228.1 million in loans and $1.9 million in investment securities were pledged as collateral for FHLB advances. Additionally, $614.2 million in loans and $3.7 million in investment securities were pledged at December 31, 2024, as collateral for advances with the Federal Reserve Bank. At December 31, 2023, the Company’s available lines of credit totaled $672.4 million. As of December 31, 2023, $230.1 million in loans and $2.1 million in investment securities were pledged as collateral for FHLB advances. Additionally, $604.0 million in loans and $4.1 million in investment securities were pledged as collateral at the Federal Reserve Bank. At December 31, 2024, the Company held no borrowings. At December 31, 2023, the Company held secured borrowings of $60.0 million at FHLB and overnight unsecured borrowings of $2.0 million at PCBB.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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