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Borrowings
 6 Months Ended
Jun. 30, 2023
Borrowings [Abstract]  
Borrowings (8)    Borrowings

Advances consist of funds borrowed from the Federal Home Loan Bank (the “FHLB”). Maturities of advances from the FHLB as of June 30, 2023 are summarized as follows:

(In thousands)

Fiscal Year-End

2023

$

70,066

2024

134

2025

5,136

2026

138

2027

139

Thereafter

4,150

Total

$

79,763

Borrowings from the FHLB are secured by qualified collateral, consisting primarily of certain commercial real estate loans, qualified mortgage-backed government securities and certain loans with mortgages secured by one- to four-family properties. At June 30, 2023, borrowings from the FHLB consisted of short-term borrowings, with original maturities of less than one year, totaling $70.0 million and long-term borrowings, with original maturities more than one year, totaling $9.8 million. The interest rate on FHLB short-term borrowings was 5.27% at June 30, 2023. The interest rates on FHLB long-term advances ranged from 1.21% to 1.32%, with a weighted average interest rate of 1.28% at June 30, 2023.