Borrowings (Tables)

6 Months Ended

Jun. 30, 2026

Repurchase agreements accounted for as secured borrowings


	June 30, 2026	December 31, 2025
	Repurchase	Repurchase
(In thousands)	liability	liability
U.S. Treasury securities
Within 30 days	19,581	$29,356
After 30 to 90 days	57,940	9,645
Total U.S. Treasury securities	77,521	39,001
Total	$77,521	$39,001

The following table presents the composition of notes payable at June 30, 2026 and December 31, 2025.


(In thousands)	June 30, 2026	December 31, 2025
Advances with the FHLB with maturities ranging from 2026 through 2029 paying interest at monthly fixed rates ranging from 0.69% to 4.17%	114,620	164,620
Unsecured senior debt securities maturing on 2028 paying interest semiannually at a fixed rate of 7.25%, net of debt issuance costs of $2,723	397,277	396,558
Junior subordinated deferrable interest debentures (related to trust preferred securities) with maturities ranging from 2026 to 2034 with fixed interest rates ranging from 6.13% to 6.56%, net of debt issuance costs of $221	198,413	198,399
Total notes payables	710,310	759,577

Note: Refer to the 2025 Form 10-K for rates information at December 31, 2025.

A breakdown of borrowings by contractual maturities at June 30, 2026 is included in the table below.


(In thousands)	Assets sold under agreements to repurchase	Short-term borrowings	Notes payable	Total
2026	$77,521	$675,000	$24,500	$777,021
2027	-	-	6,113	6,113
2029	-	-	441,627	441,627
2030	-	-	39,657	39,657
Later years	-	-	198,413	198,413
Total borrowings	$77,521	$675,000	$710,310	$1,462,831