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Federal Home Loan Bank Advances and Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024 and 2023:

December 31, 2024

December 31, 2023

    

Weighted

    

    

Weighted

    

Average

Total

Average

Total

(dollars in thousands)

Rate

Outstanding

Rate

Outstanding

Less than 1 Year

4.62

%  

$

288,000

5.31

%  

$

233,000

1 to 2 Years

3.45

21,500

4.31

25,000

2 to 3 Years

4.13

27,500

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

$

359,500

$

319,500

Schedule of revolving line of credit

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

Total Debt

Total Debt

Outstanding

Outstanding

Interest

Name

Maturity Date

December 31, 2024

December 31, 2023

Rate

Coupon Structure

Revolving Credit Facility (1)

September 1, 2026

$

13,750

$

13,750

7.50

%

Variable with Floor (2)

(1)On September 1, 2024, the Company entered into a third amendment to the loan agreement which extended the maturity date from September 1, 2024 to September 1, 2026.
(2)The variable interest rate is equal to the greater of the Wall Street Journal Prime Rate in effect or a floor rate of 4.50%.