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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Borrowed Funds | Borrowed funds are summarized as follows:
| December 31,
(Dollars in thousands) | 2024 |  | 2023
Short-term FHLB advances | $ | — |  |  | $ | 70,000 |
Long-term FHLB advances | 6,198 |  |  | 6,474 |
Overnight repurchase agreements with depositors | 6,262 |  |  | 7,124 |
Total FHLB advances and other borrowings | $ | 12,460 |  |  | $ | 83,598 |
Subordinated indebtedness, net | $ | 159,943 |  |  | $ | 194,279 |
Additional details of certain FHLB advances are as follows:
(Dollars in thousands) | Amount |  | Interest Rate |  | Maturity Date
At December 31, 2023: |  |  |  |  |
Short-term FHLB advance, fixed rate | $ | 70,000 |  |  | 5.68 | % |  | 1/5/2024
Schedule of Maturities of Long-term Advances | Scheduled maturities of long-term advances from the FHLB at December 31, 2024, are as follows:
(Dollars in thousands) |  |
Years Ended December 31, |  |
2025 | $ | — |  |
2026 | 447 |  |
2027 | 1,227 |  |
2028 | — |  |
2029 | 1,361 |  |
Thereafter | 3,163 |  |
Total | $ | 6,198 |  |
Schedule of Subordinated Indebtedness and Terms of Current Debentures | The following table is a summary of the terms of the junior subordinated debentures at December 31, 2024:
(Dollars in thousands) Issuance Trust |  | Issuance Date |  | Maturity Date |  | Amount Outstanding |  | Rate Type |  | Current Rate |  | Maximum Rate
CTB Statutory Trust I |  | 07/2001 |  | 07/2031 |  | $ | 6,702 |  |  | Variable (1) |  | 8.15 | % |  | 16.00 | %
First Louisiana Statutory Trust I |  | 09/2006 |  | 12/2036 |  | 4,124 |  |  | Variable (2) |  | 6.42 |  |  | 16.00 |
BT Holdings Trust I |  | 05/2007 |  | 09/2037 |  | 7,217 |  |  | Variable (3) |  | 6.35 |  |  | N/A
Par amount |  |  |  |  |  | $ | 18,043 |  |  |  |  |  |  |
Unamortized original issue discount |  |  | (973) |  |  |  |  |  |  |
Unamortized purchase accounting discount |  |  | (622) |  |  |  |  |  |  |
Total junior subordinated debt at December 31, 2024 | $ | 16,448 |  |  |  |  |  |  |
____________________________ (1)The trust preferred securities reprice quarterly based on the three-month average SOFR plus 3.30%, plus 0.26161% SOFR with the last reprice date on October 29, 2024. (2)The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.80%, plus 0.26161% SOFR spread adjustment, with the last reprice date on December 12, 2024. (3)The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.64%, plus 0.26161% SOFR spread adjustment, with the last reprice date on December 4, 2024.

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