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NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2023

NOTES PAYABLE

Schedule of advances, rate, and maturities of FHLB advances

The advances, rate, and maturities of FHLB advances were as follows:


						September 30,			December 31,
		Maturity		Rate		2023			2022
Fixed rate, fixed term		06/01/2023		1.79%		$	—		$	807
Fixed rate, fixed term		11/21/2023		3.06%			600			600
Fixed rate, fixed term		03/23/2026		4.02%			10,000			—
Fixed rate, fixed term		05/26/2026		1.95%			5,000			—
Fixed rate, fixed term		03/23/2027		3.91%			10,000			—
Fixed rate, fixed term		03/23/2028		3.85%			10,000			—
Fixed rate, fixed term		04/22/2030		0.00%			508			508
							36,108			1,915
Adjustment due to purchase accounting							(261)			14
						$	35,847		$	1,929

Schedule of future maturities of borrowings

Future maturities of borrowings were as follows:


		September 30,			December 31,
		2023			2022
1 year or less		$	600		$	1,407
1 to 2 years			—			—
2 to 3 years			15,000			—
3 to 4 years			10,000			—
4 to 5 years			10,000			—
Over 5 years			508			508
		$	36,108		$	1,915

As of September 30, 2023, the Company had borrowing availability at the FHLB totaling $773.6 million in addition to the existing borrowings noted in the tables above.