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Borrowings and Line of Credit (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Federal Home Loan Bank, Advances

At December 31, 2022 and 2021, FHLB advances consist of the following (in thousands):

​	​	​	​	​	​	​
​	​	2022		​	2021
Long-term advance dated September 10, 2019, requiring monthly interest payments, fixed at 0.93%, with a put option exercisable on September 10, 2020 and then quarterly thereafter, principal due in September 2029.1		$	—	​	$	25,000
​	​	​	​	​	​	​
Long-term advance dated February 28, 2020, requiring monthly interest payments, fixed at 0.46%, with a put option exercisable on February 26, 2021 and then quarterly thereafter, principal due in February 2030.1		​	—	​	​	50,000
Total		$	—	​	$	75,000

¹On agreements with put options, the FHLB has the right, at its discretion, to terminate the entire advance prior to the stated maturity date. The termination option may only be exercised on the expiration date of the predetermined lockout period and on a quarterly basis thereafter. During 2022 the FHLB called these advances.

Federal Reserve Bank Advances [Member]

Schedule of funding capacity and loans secured for borrowings

At December 31, 2022 and 2021, the funding capacity and loans secured for borrowings was as follows (in thousands):

​	​	​	​	​	​	​
​	​	2022		​	2021
Maximum funding capacity		$	74,054	​	$	116,942
Borrowings		​	—	​	​	—
Additional funding capacity	​	$	74,054	​	$	116,942
Loans secured for borrowings		$	99,728	​	$	194,543

​

Federal Home Loan Bank Advances [Member]

Schedule of funding capacity and loans secured for borrowings

At December 31, 2022 and 2021, the borrowing capacity and loans secured for advances was as follows (in thousands):

​	​	​	​	​	​	​
​	​	2022		​	2021
Maximum borrowing capacity		$	593,759	​	$	243,467
FHLB advances		​	—	​	​	(75,000)
Standby letters of credit	​	​	(3,981)	​	​	(3,981)
Additional borrowing capacity	​	$	589,778	​	$	164,486
Loans secured for advances		$	777,480	​	$	342,206

​

X

- Definition

Tabular disclosure of advances by federal home loan bank by branch.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.13,16)
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 470
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

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-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
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