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LONG-TERM DEBT | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT The following table presents components of the Company’s long-term debt at March 31, 2024 and December 31, 2023:
| Amount |  | Weighted Average Rate
| March 31, 2024 |  | December 31, 2023 |  | March 31, 2024 |  | December 31, 2023
FHLB fixed rate advances maturing: |  |  |  |  |  |  |
2025 | $ | 15,000 |  |  | $ | 15,000 |  |  | 4.57 | % |  | 4.57 | %
2028 | 25,000 |  |  | 25,000 |  |  | 3.98 | % |  | 3.98 | %
Total FHLB Advances | $ | 40,000 |  |  | $ | 40,000 |  |  | 4.20 | % |  | 4.20 | %
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 March 31, 2024. The Bank had additional availability of $996.0 million at the FHLB on March 31, 2024 based on its qualifying collateral, net of short-term borrowings and long-term debt detailed above, deposit letters of credit of $12.0 million and non-deposit letters of credit of $609 thousand at March 31, 2024. The Bank has available unsecured lines of credit, with interest based on the daily Federal Funds rate, with two correspondent banks totaling $20.0 million at March 31, 2024 and December 31, 2023. There were no borrowings under these lines of credit at March 31, 2024 and December 31, 2023.

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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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