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Borrowings (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank Advances

Federal Home Loan Bank Advances

(Dollars in thousands)		June 30, 2024				December 31, 2023
Maturity of July 2025 with fixed interest rate of 4.88%		$	20,000			$	20,000
Maturity of January 2026 with fixed interest rate of 4.35%			10,000				-
Maturity of December 2026 with fixed interest rate of 4.20%			10,000				10,000
Total advances outstanding at period end		$	40,000			$	30,000

Schedule of Bank Term Funding Program Advances

Bank Term Funding Program (“BTFP”)

(Dollars in thousands)		June 30, 2024				December 31, 2023
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
Maturity of January 2025 with fixed interest rate of 4.76%			170,000				-
Total BTFP outstanding at period end		$	170,000			$	170,000

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Schedule of bank term funding program , advances.

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- Definition

Tabular disclosure of advances by federal home loan bank by branch.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.13,16)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 470
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480876/942-470-45-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480848/942-470-50-3

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