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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The following table summarizes certain information of the Company’s borrowings as of and for the years ended December 31, 2024 and 2023.
December 31, 2024December 31, 2023
($ in thousands)AmountRate AmountRate
Average for the year
FHLB advances - variable$37,648 5.66 %$111,392 4.95 %
FHLB advances - fixed32,650 4.87 — — 
At year end
FHLB advances - fixed(1)
50,000 4.79 — — 
(1) Fixed-rate advance with an option of terminating at predetermined dates, without incurring a prepayment fee.
The following table summarizes certain information of the Company’s long-term debt at December 31, 2024 and 2023.
($ in thousands)December 31, 2024December 31, 2023Issue DateStated Maturity DateEarliest Call DateInterest Rate
September 2030 Subordinated Debentures25,000 25,000 202020302025
5.375% through September 2025, 3-month SOFR + 5.265% thereafter
October 2030 Subordinated Debentures19,500 19,500 202020302025
4.75% through October 2025, 3-month SOFR + 4.58% thereafter
Total subordinated debentures44,500 44,500 
Severn Capital Trust I20,619 20,619 20042035
3-month SOFR + 2.00%
Tri-County Capital Trust I7,217 7,217 20042034
90-day SOFR + 2.60%
Tri-County Capital Trust II5,155 5,155 20052035
90-day SOFR + 1.70%
Total trust preferred securities32,991 32,991 
Less: net discount and unamortized issuance costs(3,774)(4,822)
Total long-term debt$73,717 $72,669