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Borrowings (Tables)

9 Months Ended

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 - 11/18/2025
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