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Other Borrowings | 12 Months Ended
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Dec. 31, 2024
Other Borrowings [Abstract] |
Other Borrowings | Note 12. Other Borrowings The Bank has access to short-term borrowings from the FHLB in the form of a revolving term commitment used to fund the short-term liquidity needs of the Bank. These borrowings reprice on a daily basis and the interest rate fluctuates with short-term market interest rates. The Bank had no short-term borrowings at December 31, 2024 and 2023. At December 31, 2024 and 2023, other borrowings were:
| December 31
(Dollars in thousands) | 2024 |  | 2023
FHLB maturing January 12, 2027, with fixed rate at 4.32% | $ | 200,000 |  | $ | -
FHLB maturities through 2024, floating with SOFR, at rates from 5.82% to 5.83%, averaging 5.82% |  | - |  |  | 40,000
Federal Reserve maturities through 2024, with fixed rates from 4.38% to 4.93%, averaging 4.58% |  | - |  |  | 90,000
| $ | 200,000 |  | $ | 130,000
The Bank’s maximum borrowing capacity with the FHLB at December 31, 2024 was $562.7 million with $362.7 million available to borrow. This borrowing capacity is secured by a Blanket Pledge Agreement with FHLB on the Bank’s real estate loan portfolio ($775.4 million) together with pledged securities with a fair value of $28.0 million. ‎ Scheduled payments on other borrowings over the next five years are as follows:
(Dollars in thousands) |  |  |
2025 |  | $ | -
2026 |  |  | -
2027 |  |  | 200,000
2028 |  |  | -
2029 |  |  | -
|  | $ | 200,000
The Bank has established credit at the Federal Reserve Discount Window and as of year-end had the ability to borrow approximately $65 million. The Bank also has $76.0 million in unsecured lines of credit at three correspondent banks.

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- Definition Borrowings [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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