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Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Borrowings

Schedule of selected information on short-term borrowings

​

​	​	​	​	​	​	​	​
​		December 31,
(Dollars in thousands)	​	2024		​	2023
Balance outstanding at year end1	​	$	28,994	​	$	58,223	​
Maximum balance at any month end during the year	​	$	58,842	​	$	145,579	​
Average balance for the year	​	$	29,614	​	$	96,882	​
Weighted average rate for the year	​		1.88	%		3.79	%
Weighted average rate on borrowings at year end	​		1.64	%		3.00	%
Estimated fair value at year end	​	$	28,993	​	$	55,732	​

1 Consists of $28.99 million of repurchase transactions with customers, which generally mature the day following the day sold and are secured by investment securities at December 31, 2024. Consists of $30.71 million of repurchase transaction with customers, $27.50 million with the FHLB, and $18,000 of overnight fed funds borrowings with correspondent banks at December 31, 2023.

Schedule of selected information on FHLB advances

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​	​	​	​	​	​	​	​	​	​
​	​	​		​		​		Next
​	​	​	​	​	​	​	​	Conversion
(Dollars in thousands)	​	​	​	Interest Rate	​	Maturity Date	​	Option Date
Fixed Rate Hybrid Advances	$	5,000		4.45	%	03/05/27	​	​	​
​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
Convertible Advances	$	5,000		4.06	%	03/05/27		03/05/25	​
​	$	10,000		4.13	%	06/07/27	​	03/07/25	​
​	$	10,000		4.68	%	03/23/26		09/23/25	​
​	$	10,000		4.55	%	09/21/26	​	03/23/26	​

Schedule of contractual maturities of long-term borrowings

​

​	​	​	​	​	​	​	​	​	​	​
(Dollars in thousands)		Fixed Rate			Floating Rate			Total
2025	​	$	—	​	$	—	​	$	—	​
2026	​		20,000	​		—	​		20,000	​
2027	​		20,000	​		—	​		20,000	​
2028	​		—	​		—	​		—	​
2029	​		—	​		—	​		—	​
Thereafter	​		20,000	​		—	​		20,000	​
​	​	$	60,000	​	$	—	​	$	60,000	​

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Tabular disclosure of advances made and reported by Federal Home Loan Bank (FHLBank).

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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