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Borrowings (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Components of Outstanding Borrowings Outstanding borrowings consisted of the following as of December 31 (in thousands):

 

 

2023

 

 

2022

 

Short-term borrowings:

 

 

 

 

 

 

FHLB borrowings

 

$

107,000

 

 

$

205,000

 

FRB borrowings

 

 

78,000

 

 

 

-

 

Total short-term borrowings

 

 

185,000

 

 

 

205,000

 

Long-term borrowings:

 

 

 

 

 

 

FHLB borrowings

 

 

50,000

 

 

 

-

 

Subordinated notes, net

 

 

74,532

 

 

 

74,222

 

Total long-term borrowings

 

 

124,532

 

 

 

74,222

 

Total borrowings

 

$

309,532

 

 

$

279,222