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FHLB Advances, Other Borrowings and Subordinated Notes and Debentures (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Composition of Borrowed Funds

The composition of borrowed funds is shown below. Average balances represent year-to-date averages.

		September 30, 2024												December 31, 2023
		Balance				Weighted Average Balance				Weighted Average Rate				Balance				Weighted Average Balance				Weighted Average Rate
		(Dollars in Thousands)
Federal funds purchased		$	—			$	2				6.31	%		$	—			$	3				5.37	%
FHLB advances			294,450				286,454				2.68				281,500				351,990				2.52
Line of credit			—				1,642				7.76				—				38				7.26
Other borrowings			—				10				—				20				600				8.33
Subordinated notes and debentures			54,659				48,208				6.37				49,396				38,250				5.16
		$	349,109			$	336,316				3.23			$	330,916			$	390,881				2.79

Summary of Annual Maturities of Borrowing

A summary of annual maturities of borrowings at September 30, 2024 is as follows:

(In Thousands)
Maturities during the year ended December 31,
2024		$	116,000
2025			48,000
2026			65,000
2027			10,000
2028			10,450
Thereafter			99,659
		$	349,109

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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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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