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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Bank Term Funding Program Advances

Bank Term Funding Program (“BTFP”)

At December 31, loans from the BTFP were as follows:

(Dollars in thousands)

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Maturity of May 2024 with fixed interest rate of 4.71%

 

$

160,000

 

 

$

-

 

Maturity of December 2024 with fixed interest rate of 4.83%

 

 

10,000

 

 

 

-

 

Total advances outstanding at year-end

 

$

170,000

 

 

$

-

 
Schedule of Federal Home Loan Bank Advances

At December 31, advances from the FHLB were as follows:

 

(Dollars in thousands)

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Maturity of January 2023 with fixed interest rate of 4.16%

 

$

-

 

 

$

50,000

 

Maturity of July 2025 with fixed interest rate of 4.88%

 

 

20,000

 

 

 

-

 

Maturity of December 2026 with fixed interest rate of 4.20%

 

 

10,000

 

 

 

-

 

Total advances outstanding at year-end

 

$

30,000

 

 

$

50,000