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BORROWINGS
12 Months Ended
Dec. 31, 2022
Federal Home Loan Banks [Abstract]  
BORROWINGS BORROWINGS:
The Company borrows funds through advances from the Des Moines FHLB. The balances, maturity and rate of the outstanding FHLB advances were as follows:
At December 31,
20222021
(dollars in thousands)AmountWeighted Average RateAmountWeighted Average Rate
Within one year$16,000 4.60 %$41,000 0.30 %
One to three years450,000 4.31 %— — %
Three through five years550,000 4.35 %— — %
Total$1,016,000 4.33 %$41,000 0.30 %
As of December 31, 2022 and 2021, the Company held $49.3 million and $10.4 million, respectively, of FHLB stock.