XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.25.1

Borrowed Funds (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Borrowed Funds |
Schedule of borrowings | The following is a summary of borrowings at March 31, 2025 and December 31, 2024:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | March 31, 2025 | ​ | December 31, 2024
Short-term borrowings: | ​ | ​ | ​ | ​ | ​ | ​
Securities sold under agreements to repurchase: | ​ | ​ | ​ | ​ | ​ | ​
Outstanding at end of period | ​ | $ | 20,342 | ​ | $ | 15,409
Weighted average interest rate at end of period | ​ | ​ | 0.23% | ​ | ​ | 0.24%
Maximum amount outstanding as of any month end | ​ | $ | 20,342 | ​ | $ | 44,415
Average amount outstanding | ​ | $ | 18,274 | ​ | $ | 29,805
Approximate weighted average rate during the period | ​ | ​ | 0.22% | ​ | ​ | 0.26%
Overnight borrowings, weighted average interest rate of 4.50% at December 31, 2024 | ​ | $ | — | ​ | $ | 50,000
Long-term borrowings: | ​ | ​ | ​ | ​ | ​ | ​
FHLB advances, bearing fixed interest rate ranging from 3.84% to 4.04% at March 31, 2025 and December 31, 2024. | ​ | $ | 90,000 | ​ | $ | 90,000
Junior subordinated debt, bearing variable interest rate of 7.31% at March 31, 2025 and 7.36% at December 31, 2024 | ​ | ​ | 30,929 | ​ | ​ | 30,929
Total borrowings outstanding | ​ | $ | 141,271 | ​ | $ | 186,338
Summary of contractual maturities of long-term borrowings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025 | ​ | December 31, 2024
(in thousands) | ​ | Fixed Rate | ​ | Floating Rate | ​ | Total | ​ | Fixed Rate | ​ | Floating Rate | ​ | Total
Due in 2025 | ​ | $ | 25,000 | ​ | $ | — | ​ | $ | 25,000 | ​ | $ | 25,000 | ​ | $ | — | ​ | $ | 25,000
Due in 2026 | ​ | ​ | 65,000 | ​ | ​ | — | ​ | ​ | 65,000 | ​ | ​ | 65,000 | ​ | ​ | — | ​ | ​ | 65,000
Thereafter | ​ | ​ | — | ​ | ​ | 30,929 | ​ | ​ | 30,929 | ​ | ​ | — | ​ | ​ | 30,929 | ​ | ​ | 30,929
Total long-term debt | ​ | $ | 90,000 | ​ | $ | 30,929 | ​ | $ | 120,929 | ​ | $ | 90,000 | ​ | $ | 30,929 | ​ | $ | 120,929
​

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration