NOTE 7 – FEDERAL HOME LOAN BANK ADVANCES & OTHER BORROWINGS

Advances from the Federal Home Loan Bank (“FHLB”) at June 30, 2026 and December 31, 2025 are summarized as follows:

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The FHLB advances outstanding at all have a conversion feature that allows the FHLB to call the advances every three months. At June 30, 2026 and December 31, 2025, the Company had a line of credit with the FHLB, set as a percentage of total assets, with maximum borrowing capacity of $1.39 billion and $1.09 billion, respectively. The available borrowing amounts are collateralized by the Company’s FHLB stock and pledged residential real estate loans, which totaled $2.36 billion and $2.35 billion at June 30, 2026 and December 31, 2025, respectively.

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At June 30, 2026, the Company had unsecured federal funds lines available with correspondent banks of approximately $67.5 million. There were no advances outstanding on these lines at June 30, 2026.

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At June 30, 2026 and December 31, 2025, the Company had Federal Reserve Discount Window funds available of approximately $634.0 million and $600.4 million, respectively. The funds are collateralized by a pool of construction and development, commercial real estate and commercial and industrial loans with carrying balances totaling $762.2 million and $765.7 million as of June 30, 2026 and December 31, 2025, respectively, as well as all of the Company’s municipal and mortgage-backed securities. There were no outstanding borrowings on this line as of June 30, 2026.