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LONG-TERM DEBT
9 Months Ended
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:
 AmountWeighted Average Rate
September 30, 2023December 31, 2022September 30, 2023December 31, 2022
FHLB fixed rate advances maturing:
2025$15,000 $— 4.57 %— %
202825,000 — 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.