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Federal Home Loan Bank Advances and Other Borrowings (Tables)
9 Months Ended
Sep. 30, 2024
Federal Home Loan Bank Advances and Other Borrowings  
Schedule of FHLB advances, by maturity

The following table presents information regarding FHLB advances, by maturity, at September 30, 2024 and December 31, 2023:

September 30, 2024

December 31, 2023

    

Weighted

    

    

Weighted

    

Average

Total

Average

Total

(dollars in thousands)

Rate

Outstanding

Rate

Outstanding

Less than 1 Year

5.22

%  

$

278,000

5.31

%  

$

233,000

1 to 2 Years

4.06

17,500

4.31

25,000

2 to 3 Years

3.71

31,500

3.45

21,500

3 to 4 Years

4.01

22,500

3.94

17,500

4 to 5 Years

4.01

22,500

Totals

$

349,500

$

319,500

Schedule of revolving line of credit

The following table presents information regarding the revolving line of credit at September 30, 2024 and December 31, 2023:

Total Debt

Total Debt

Outstanding

Outstanding

Interest

Name

Maturity Date

September 30, 2024

December 31, 2023

Rate

Coupon Structure

(dollars in thousands)

Revolving Credit Facility

September 1, 2026

$

13,750

$

13,750

8.00

%

Variable with Floor (1)

(1)The line of credit was renewed on September 1, 2024 for an additional 2 year term. The variable interest rate on the new note is equal to the greater of Wall Street Journal Prime Rate in effect or a floor of 4.50%.