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Borrowings (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of short-term debt outstanding

Short-term borrowings were comprised of the following for the periods presented:

(In thousands)			June 30, 2024						December 31, 2023
Securities sold under repurchase agreements			$	23,974					$	26,882
FHLB advance			25,000						30,000
			$	48,974					$	56,882

Schedule of long-term debt outstanding

Long-term borrowings were comprised of the following for the periods presented:

(In thousands)			June 30, 2024						December 31, 2023
FHLB fixed-rate advances maturing:
2026			$	80,000					$	80,000
2027			90,000						60,000
2028			35,000						35,000
2029			30,000						—
Trust preferred subordinated debt 1			5,312						5,292
Subordinated debt			15,000						15,000
			$	255,312					$	195,292

___________________________

1 Net of purchase accounting fair value mark

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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