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Federal Home Loan Bank Advances and Other Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Federal Home Loan Bank Advances and Other Borrowings |
Schedule of FHLB advances, by maturity | The following table presents FHLB advances, by maturity, at December 31, 2023 and 2022:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
​ |  | Weighted |  | ​ |  | Weighted |  | ​
​ | ​ | Average | ​ | Total | ​ | Average | ​ | Total
(dollars in thousands) | ​ | Rate | ​ | Outstanding | ​ | Rate | ​ | Outstanding
Less than 1 Year | ​ | 5.31 | % | $ | 233,000 | ​ | 4.30 | % | $ | 83,000
1 to 2 Years | ​ | 4.31 | ​ | ​ | 25,000 | ​ | 1.05 | ​ | ​ | 5,000
2 to 3 Years | ​ | 3.45 | ​ | ​ | 21,500 | ​ | 1.22 | ​ | ​ | 5,000
3 to 4 Years | ​ | 3.94 | ​ | ​ | 17,500 | ​ | 0.78 | ​ | ​ | 4,000
4 to 5 Years | ​ | 4.01 | ​ | ​ | 22,500 | ​ | — | ​ | ​ | —
Totals | ​ | ​ | ​ | $ | 319,500 | ​ | ​ | ​ | $ | 97,000
Schedule of revolving line of credit | The following table presents the revolving line of credit at December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Total Debt | ​ | Total Debt | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Outstanding | ​ | Outstanding | ​ | Interest | ​ | ​ | ​
Name | ​ | Maturity Date | ​ | ​ | December 31, 2023 | ​ | December 31, 2022 | ​ | Rate | ​ | ​ | Coupon Structure
Revolving Credit Facility (1) | ​ | September 1, 2024 | ​ | $ | 13,750 | ​ | 13,750 | ​ | 8.50 | % | ​ | Variable with Floor (2)
(1) | On September 1, 2022, the Company entered into a second amendment to the agreement which increased the maximum principal amount of the Company’s revolving line of credit from $25.0 million to $40.0 million and extended the maturity date from February 28, 2023 to September 1, 2024.
(2) | The variable interest rate is equal to the greater of the Wall Street Journal Prime Rate in effect or a floor rate of 3.85%.

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
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