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Long-Term Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Summary of Long-Term Borrowings | Long-term borrowings consisted of the following at December 31:
| 2024 |  | 2023
(Dollars in thousands) | Balance | Weighted- Average Interest Rate |  | Balance | Weighted-Average Interest Rate
FHLB putable, non-amortizing, fixed rate advances | $ | 130,000 |  | 4.04 | % |  | $ | 110,000 |  | 3.98 | %
FHLB amortizing, fixed rate advances | 1,868 |  | 1.85 | % |  | 2,865 |  | 1.81 | %
Vantage non-recourse borrowings | 51,330 |  | 6.96 | % |  | 49,572 |  | 6.26 | %
Other long-term borrowings | 54,875 |  | 7.76 | % |  | 53,804 |  | 9.67 | %
Long-term borrowings (a) | $ | 238,073 |  |  |  | $ | 216,241 |  |
(a) The weighted-average interest rate on total long-term borrowings at December 31, 2024 and at December 31, 2023 was 5.51% and 5.89%, respectively.
Summary of Subordinated Borrowing |
(Dollars in thousands) |  | April 30, 2023 | December 31, 2024
Description | Maturity Year | Par Value | Fair Value | Carrying Value | Interest Rate
Ascencia Statutory Trust I | 2034 | 3,000 |  | 2,430 |  | 2,539 |  | 7.46 | %
Porter Statutory Trust II | 2034 | 5,000 |  | 4,050 |  | 4,231 |  | 7.46 | %
Porter Statutory Trust III | 2034 | 3,000 |  | 2,410 |  | 2,523 |  | 7.40 | %
Porter Statutory Trust IV | 2037 | 10,000 |  | 6,886 |  | 7,480 |  | 6.43 | %
Floating rate subordinated deferrable interest debentures | 2029 | 25,000 |  | 23,677 |  | 24,030 |  | 8.80 | %
Total |  | 46,000 |  | 39,453 |  | 40,803 |  |
Summary of Aggregate Minimum Annual Retirements of Long-Term Borrowings | At December 31, 2024, the aggregate principal amounts due upon maturity of long-term borrowings in future periods were as follows:
(Dollars in thousands) | Balance
2025 | $ | 6,169 |
2026 | 60,516 |
2027 | 8,997 |
2028 | 88,747 |
2029 | 41,095 |
Thereafter | 38,674 |
Total long-term borrowings | $ | 244,198 |

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