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BORROWINGS AND RELATED INTEREST (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Federal Home Loan Bank Advances
The following table shows a summary of the advances and their terms, excluding accrued interest in the amount of $827 thousand and $768 thousand at September 30, 2024 and December 31, 2023, respectively:
September 30, 2024December 31, 2023
(In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 4.56%
$215,000 $— 
Long-term fixed-rate advance from FHLB, with a weighted average interest rate of 3.79% (December 31, 2023 - 4.52%)
55,000 200,000 
$270,000 $200,000 
Advances from FHLB mature as follows:
September 30, 2024December 31, 2023
(In thousands)
Under 90 days$15,000 $— 
Over 90 days to one year200,000 $— 
Over one to three years55,000 200,000 
$270,000 $200,000