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BORROWED FUNDS (Tables)

3 Months Ended

Mar. 31, 2024

BORROWED FUNDS

Schedule of short term borrowings

​

​	​	​	​	​	​	​
(In Thousands)	​	March 31,			December 31,
​	​	2024		​	2023
FHLB-Pittsburgh borrowings	​	$	47,000	​	$	31,500
Customer repurchase agreements	​		1,831	​		2,374
Total short-term borrowings	​	$	48,831	​	$	33,874

Schedule of long term borrowings

​

​	​	​	​	​	​	​
(In Thousands)	​	March 31,			December 31,
​	​	2024		​	2023
Loans maturing in 2024 with a weighted-average rate of 3.04%	​	​	26,152	​	​	32,161
Loans maturing in 2025 with a weighted-average rate of 4.30%	​	​	44,599	​	​	44,627
Loans maturing in 2026 with a weighted-average rate of 4.51%	​	​	35,518	​	​	35,518
Loans maturing in 2027 with a weighted-average rate of 4.00%	​	​	24,031	​	​	24,031
Loans maturing in 2028 with a weighted-average rate of 4.15%	​	​	18,524	​	​	2,000
Total long-term FHLB-Pittsburgh borrowings	​	$	148,824	​	$	138,337

Senior Notes with an aggregate par value of $15,000,000; bearing interest at 2.75% with an effective interest rate of 3.23%; maturing in June 2026

BORROWED FUNDS

Schedule of outstanding debt

​

​	​	​	​	​	​	​
(In Thousands)		March 31,			December 31,
​	​	2024		​	2023
Senior Notes with an aggregate par value of $15,000,000; bearing interest at 2.75% with an effective interest rate of 3.23%; maturing in June 2026	​	$	14,848	​	$	14,831
Total carrying value	​	$	14,848	​	$	14,831

3.25% maturing in June 2031 and redeemable at par in June 2026

BORROWED FUNDS

Schedule of outstanding debt

​

​	​	​	​	​	​	​
(In Thousands)		March 31,			December 31,
​	​	2024		​	2023
Agreements with a par value of $25,000,000; bearing interest at 3.25% with an effective interest rate of 3.74%; maturing in June 2031 and redeemable at par in June 2026	​	$	24,745	​	$	24,717
Total carrying value	​	$	24,745	​	$	24,717

​

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