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NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2024

NOTES PAYABLE

Schedule of advances, rate, and maturities of FHLB advances

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

​

​	​	​	​	​	​	​	​	​	​	​
​		​		​		March 31,			December 31,
​	​	Maturity	​	Rate	​	2024		​	2023
Fixed rate, fixed term	​	03/23/2026	​	4.02%	​	$	10,000	​	$	10,000
Fixed rate, fixed term	​	05/26/2026	​	1.95%	​	​	5,000	​	​	5,000
Fixed rate, fixed term	​	03/23/2027	​	3.91%	​	​	10,000	​	​	10,000
Fixed rate, fixed term	​	03/23/2028	​	3.85%	​	​	10,000	​	​	10,000
Fixed rate, fixed term	​	04/22/2030	​	0.00%	​	​	508	​	​	508
​	​	​	​	​	​	​	35,508	​	​	35,508
Adjustment due to purchase accounting	​	​	​	​	​	​	(213)	​	​	(238)
​	​	​	​	​	​	$	35,295	​	$	35,270

​

Schedule of future maturities of borrowings

Future maturities of borrowings were as follows:

​

​	​	​	​	​	​	​
​		March 31,			December 31,
​	​	2024		​	2023
1 year or less	​	$	—	​	$	—
1 to 2 years	​		10,000	​		—
2 to 3 years	​		15,000	​		15,000
3 to 4 years	​		10,000	​		10,000
4 to 5 years	​		—	​		10,000
Over 5 years	​	​	508	​	​	508
​	​	$	35,508	​	$	35,508

​

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