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Federal Home Loan Bank Advances and Other Borrowings | 12 Months Ended
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Dec. 31, 2022
Federal Home Loan Bank Advances and Repurchase Agreements [Abstract] |
Federal Home Loan Bank Advances and Other Borrowings | NOTE 10 – Federal Home Loan Bank Advances and Other Borrowings At December 31, 2022, the Company had a $175.0 million FHLB Advance at a variable rate of 4.57%, while at December 31, 2021 the Company had no FHLB Advances outstanding. The FHLB advance was secured with approximately $1.05 billion of mortgage loans and $9.3 million of stock in the FHLB at December 31, 2022 and matures on February 16, 2023.

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- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances and repurchase agreement. + References No definition available. + Details
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