Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes certain information of the Company’s long-term debt as of March 31, 2026 and December 31, 2025.


($ in thousands)	March 31, 2026		December 31, 2025		Issue Date	Stated Maturity Date	Earliest Call Date	Interest Rate


Subordinated Debentures due November 2035	60,000		60,000		2025	2035	2030	6.25% through November 2030, 3-month SOFR + 2.88% thereafter
Total subordinated debentures	60,000		60,000

Severn Capital Trust I	20,619		20,619		2004	2035		3-month SOFR + 2.26%
Tri-County Capital Trust I	7,217		7,217		2004	2034		3-month SOFR + 2.86%
Tri-County Capital Trust II	5,155		5,155		2005	2035		3-month SOFR + 1.96%
Total trust preferred securities	32,991		32,991
Less: net discount and unamortized issuance costs	(3,962)		(3,930)
Total long-term debt	$	89,029	$	89,061

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details