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Deposits and Borrowings (Tables)
3 Months Ended
Mar. 31, 2025
Deposits and Borrowings  
Schedule of deposits

(Dollars in thousands)

    

March 31, 2025

    

December 31, 2024

Deposits:

 

  

 

  

Non-interest bearing demand deposits(1)

$

437,822

$

433,288

Interest-bearing demand deposits(1)

 

705,386

 

705,097

Savings deposits

 

42,583

 

44,367

Time deposits(2)

 

736,384

 

709,663

Total Deposits

$

1,922,175

$

1,892,415

(1)Overdraft demand deposits reclassified to loans totaled $1 thousand at March 31, 2025 and $1 thousand at December 31, 2024.
(2)The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $322.6 million and $315.5 million at March 31, 2025 and December 31, 2024, respectively.
Schedule of short-term debt and long-term debt

    

    

    

    

March 31, 2025

    

December 31, 2024

(Dollars in thousands)

Stated Interest Rate Range

Weighted-Average Interest Rate

Carrying Value

Carrying Value

Long-term Debt:

 

  

 

  

 

  

 

  

FHLB advances

3.92% - 4.15

%  

4.01

%  

56,000

56,000

Subordinated debt

 

5.25

%  

5.25

%  

$

24,812

$

24,791

Total Long-term Debt

 

$

80,812

$

80,791

Schedule of carrying amount of the time deposits by contractual maturity

(Dollars in thousands)

    

March 31, 2025

2025

$

386,390

2026

 

232,656

2027

 

115,725

2028

 

561

2029

 

1,028

Thereafter

 

24

Total

$

736,384