v3.25.4

Borrowed Funds | 3 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
Borrowed Funds | BORROWED FUNDS At December 31, 2025, the Association had a maximum borrowing capacity of $7,714,194, of which $4,923,978 was outstanding. Borrowings from the FHLB of Cincinnati are secured by the Association’s investment in the common stock of the FHLB of Cincinnati, as well as by a blanket pledge of its mortgage portfolio not otherwise pledged. The Association also has the ability to purchase Fed Funds through arrangements with other institutions. Additionally, the ability to borrow from the FRB-Cleveland Discount Window is available to the Association and is secured by a pledge of specific loans in the Association’s mortgage portfolio. Total borrowings at December 31, 2025 are summarized in the table below:
| Borrowing Capacity |  | Borrowings Available |  | Borrowings Outstanding
FHLB | $ | 6,800,415 |  |  | $ | 2,026,437 |  |  | $ | 4,773,978 |
FRB Cleveland | 478,779 |  |  | 478,779 |  |  | — |
Fed Funds Purchased | 435,000 |  |  | 285,000 |  |  | 150,000 |
Subtotal | $ | 7,714,194 |  |  | $ | 2,790,216 |  |  | 4,923,978 |
Accrued Interest |  |  |  |  | 15,857 |
Total Borrowings |  |  |  |  | $ | 4,939,835 |
Maturities of borrowings at December 31, 2025 are summarized in the table below:
| Amount |  | Weighted Average Rate
Maturing in: |  |  |
12 months or less | $ | 1,270,066 |  |  | 3.23 | %
13 to 24 months | 1,225,862 |  |  | 3.56 |
25 to 36 months | 675,000 |  |  | 3.64 |
37 to 48 months | 1,001,627 |  |  | 3.41 |
49 to 60 months | 750,000 |  |  | 3.49 |
Over 60 months | 1,423 |  |  | 1.41 |
Total Borrowings | 4,923,978 |  |  | 3.44 |
Accrued Interest | 15,857 |  |  |
Total | 4,939,835 |  |  |
All borrowings have fixed rates during their term ranging up to 240 months. The table above reflects the effective maturities and fixed interest rates of $2,950,000 of short-term FHLB advances that are tied to interest rate swaps discussed in Note 13. DERIVATIVE INSTRUMENTS. Interest is payable monthly for long-term FHLB advances and generally at maturity for FHLB advances with terms of three months or less. For the three months ended December 31, 2025, and December 31, 2024, net interest expense related to short-term borrowings, with original maturities of twelve months or less, was $28,112 and $25,199, respectively.

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- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(3)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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