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Borrowings (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Information Regarding FHLB Advances Outstanding

The following tables present information regarding FHLB advances outstanding as of the dates stated.

 

 

June 30, 2024

(Dollars in thousands)

 

Balance

 

 

Origination Date

 

Stated Interest Rate

 

 

Maturity Date

Daily Rate Credit

 

$

52,900

 

 

5/8/2024

 

 

5.57

%

 

5/8/2025

Fixed Rate Credit

 

 

50,000

 

 

3/15/2023

 

 

4.07

%

 

3/15/2027

Fixed Rate Credit

 

 

50,000

 

 

5/2/2023

 

 

3.87

%

 

5/3/2027

Fixed Rate Credit

 

 

50,000

 

 

5/4/2023

 

 

3.52

%

 

5/4/2028

Total FHLB borrowings

 

$

202,900

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

(Dollars in thousands)

 

Balance

 

 

Origination Date

 

Stated Interest Rate

 

 

Maturity Date

Daily Rate Credit

 

$

60,000

 

 

5/8/2023

 

 

5.57

%

 

5/8/2024

Fixed Rate Credit

 

 

50,000

 

 

3/15/2023

 

 

4.07

%

 

3/15/2027

Fixed Rate Credit

 

 

50,000

 

 

5/2/2023

 

 

3.87

%

 

5/3/2027

Fixed Rate Credit

 

 

50,000

 

 

5/4/2023

 

 

3.52

%

 

5/4/2028

Total FHLB borrowings

 

$

210,000