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BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term borrowings and weighted-average interest rates at December 31 are as follows:

			2024												2023
(Dollars in thousands)			Amount						Rate						Amount						Rate
Securities sold under repurchase agreements			$	15,826					0.23		%				$	26,882					0.15		%
FHLB advance			—						—						30,000						5.64
Total			$	15,826					0.23		%				$	56,882					3.05		%

Schedule of Maturities of Long-term Debt

A summary of long-term borrowings and their weighted-average contractual rates as of December 31 is as follows:

			2024												2023
(Dollars in thousands)			Amount						Rate						Amount						Rate
FHLB fixed-rate advances maturing:
2026			$	80,000					4.71		%				$	80,000					4.71		%
2027			90,000						4.55						60,000						4.64
2028			35,000						4.23						35,000						4.23
2029			30,000						4.25						—						—
Trust preferred subordinated debt 1			5,333						6.25						5,292						7.28
Subordinated debt			15,000						4.00						15,000						4.00
			$	255,333					4.52		%				$	195,292					4.62		%

________________________________________

1 Net of purchase accounting fair value mark.

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- References

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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

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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