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Long-term debt

12 Months Ended

Dec. 31, 2022

Long-term debt.

Long-term debt

11. Long-term debt:

Long-term debt, consisting of one advance from the FHLB, at December 31, 2022 and 2021 is as follows:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Interest Rate	​		​	​		​	​
(Dollars in thousands, except percents)		Fixed	​	​	​	December 31, 2022	​	​	December 31, 2021
March 2023	​	4.69	%	​	$	555	​	​	2,711	​
​	​	​	​	​	$	555	​	$	2,711	​

​

Maturities of long-term debt, by contractual maturity, in years subsequent to December 31, 2022 are as follows:

​

​	​	​	​	​
(Dollars in thousands)	​	​	​	​
2023	​	$	555	​
​	​	$	555	​

​

The FHLB advance is not convertible and has a fixed rate. There were no new long-term advances entered into with the FHLB during 2022 or 2021.

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- References

No definition available.

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

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