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v3.23.3

Borrowed Funds (Tables) | 9 Months Ended
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Sep. 30, 2023
Borrowed Funds [Abstract] |
Schedule of borrowings | The following is a summary of borrowings:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) | ​ | Nine Months Ended September 30, 2023 | ​ | Year Ended December 31, 2022
Short-term Correspondent Bank Advance: | ​ | ​ | ​ | ​ | ​ | ​
Securities sold under agreements to repurchase: | ​ | ​ | ​ | ​ | ​ | ​
Outstanding at end of period | ​ | $ | 53,330 | ​ | $ | 64,565
Weighted average interest rate at end of period | ​ | ​ | 0.27% | ​ | ​ | 0.12%
Maximum amount outstanding as of any month end | ​ | $ | 59,777 | ​ | $ | 75,912
Average amount outstanding | ​ | $ | 51,044 | ​ | $ | 63,182
Approximate weighted average rate during the period | ​ | ​ | 0.23% | ​ | ​ | 0.12%
FHLB advances, bearing fixed interest at rates ranging from 4.53% to 4.69% at September 30, 2023 | ​ | $ | 80,000 | ​ | $ | -
Junior subordinated debt, bearing variable interest rate of 8.42% at September 30, 2023 and 7.49% at December 31, 2022 | ​ | ​ | 30,929 | ​ | ​ | 30,929
Total borrowings outstanding | ​ | $ | 164,259 | ​ | $ | 95,494

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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