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Borrowings (Tables) | 9 Months Ended
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Sep. 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.
|  | September 30, 2024
(Dollars in thousands) |  | Balance |  |  | Origination Date |  | Stated Interest Rate |  |  | Maturity Date
Fixed rate credit (1) |  | $ | 40,000 |  |  | 7/29/2024 |  | 4.75% - 4.89% |  |  | 7/29/2025 - 1 1/18/2025
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 |  | $ | 190,000 |  |  |  |  |  |  |  |
(1) Consists of four $10 million advances.
|  | 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 |  |  |  |  |  |  |  |

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- References No definition available. + Details
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