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Borrowings (Tables)

12 Months Ended

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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