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LONG-TERM DEBT | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT The following table presents components of the Company’s long-term debt at September 30, 2023 and December 31, 2022:
| Amount |  | Weighted Average Rate
| September 30, 2023 |  | December 31, 2022 |  | September 30, 2023 |  | December 31, 2022
FHLB fixed rate advances maturing: |  |  |  |  |  |  |
2025 | $ | 15,000 |  |  | $ | — |  |  | 4.57 | % |  | — | %
2028 | 25,000 |  |  | — |  |  | 3.98 | % |  | — | %
| 40,000 |  |  | — |  |  | 4.20 | % |  | — | %
Total FHLB amortizing advance requiring monthly principal and interest payments, maturing: |  |  |  |  |  |  |
2025 | — |  |  | 1,455 |  |  | — | % |  | 4.74 | %
Total FHLB Advances | $ | 40,000 |  |  | $ | 1,455 |  |  | 4.20 | % |  | 4.74 | %
The Bank is a member of the FHLB of Pittsburgh and has access to the FHLB program of overnight and term advances. Under terms of a blanket collateral agreement for advances, lines and letters of credit from the FHLB, collateral for all outstanding advances, lines and letters of credit consisted of 1-4 family mortgage loans and other real estate secured loans totaling $1.1 billion at September 30, 2023. The Bank had additional availability of $917.5 million at the FHLB on September 30, 2023 based on its qualifying collateral, net of short-term borrowings and long-term debt detailed above, deposit letters of credit of $26.0 million and non-deposit letters of credit of $609 thousand at September 30, 2023. At September 30, 2023 and December 31, 2022, the Bank had availability under FHLB lines totaling $43.2 million and $45.3 million, respectively. The Bank has available unsecured lines of credit, with interest based on the daily Federal Funds rate, with two correspondent banks totaling $30.0 million, at September 30, 2023 and December 31, 2022. There were no borrowings under these lines of credit at September 30, 2023 and December 31, 2022.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent + Details
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