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Short Term Borrowings | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
SHORT TERM BORROWINGS | SHORT TERM BORROWINGS Short-term borrowings are for terms under or equal to one year and at December 31, 2024 are comprised of FHLB advances. FHLB advances are for various terms and are secured by a blanket lien on residential mortgages and other real estate secured loans. The following table presents the composition of short-term borrowings, the weighted average interest rate as of December 31, 2024 and interest expense for the years ended December 31:
| 2024 |  | 2023 |  | 2022
(dollars in thousands) | Balance |  | Weighted Average Interest Rate |  | Interest Expense (1) |  | Balance |  | Weighted Average Interest Rate |  | Interest Expense |  | Balance |  | Weighted Average Interest Rate |  | Interest Expense
FHLB advances | 150,000 |  |  | 4.60 | % |  | 13,206 |  |  | 415,000 |  |  | 5.65 | % |  | 27,234 |  |  | 370,000 |  |  | 4.49 | % |  | 1,649 |
Total Short-term Borrowings | $ | 150,000 |  |  | 4.60 | % |  | $ | 13,206 |  |  | $ | 415,000 |  |  | 5.65 | % |  | $ | 27,234 |  |  | $ | 370,000 |  |  | 4.49 | % |  | $ | 1,649 |
(1) Includes interest expense on advances from the Federal Reserve Bank Term Funding Program which ceased making new fundings in March 2024.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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