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Borrowed Funds (Tables) | 3 Months Ended
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Mar. 31, 2024
Borrowed Funds [Abstract] |
Schedule of borrowings | The following is a summary of borrowings:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | Three Months Ended March 31, 2024 | ​ | Year Ended December 31, 2023
Securities sold under agreements to repurchase: | ​ | ​ | ​ | ​ | ​ | ​
Outstanding at end of period | ​ | $ | 39,494 | ​ | $ | 45,418
Weighted average interest rate at end of period | ​ | ​ | 0.27% | ​ | ​ | 0.27%
Maximum amount outstanding as of any month end | ​ | $ | 44,415 | ​ | $ | 59,777
Average amount outstanding | ​ | $ | 41,422 | ​ | $ | 50,498
Approximate weighted average rate during the period | ​ | ​ | 0.27% | ​ | ​ | 0.24%
​ | ​ | ​ | ​ | ​ | ​ | ​
Bank Term Funding Program, fixed rate of 4.87% at March 31, 2024 | ​ | $ | 40,000 | ​ | $ | —
FHLB advances, bearing fixed interest rate of 4.53% at March 31, 2024 and rates ranging from 4.53% to 4.69% at December 31, 2023. | ​ | $ | 40,000 | ​ | $ | 80,000
Junior subordinated debt, bearing variable interest rate of 8.34% at March 31, 2024 and 8.39% at December 31, 2023 | ​ | ​ | 30,929 | ​ | ​ | 30,929
Total borrowings outstanding | ​ | $ | 150,423 | ​ | $ | 156,347

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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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