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BORROWINGS (Tables) | 3 Months Ended
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Mar. 31, 2024
BORROWINGS |
Contractual Maturities and Weighted Average Interest Rates of FHLB Advances | The following table sets forth the contractual maturities and weighted average interest rates of the Company’s fixed rate FHLB advances for each of the next five years (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Balance at March 31, | ​
​ | ​ | 2024 | ​
​ | ​ | ​ | ​ | ​ | Weighted | ​
Contractual Maturity |  | Amount |  | Average Rate | ​
Overnight | ​ | $ | 5,000 | ​ | 5.56 | %
​ | ​ | ​ | ​ | ​ | ​ | ​
2024, rates from 0.39% to 0.49% | ​ | ​ | 13,860 | ​ | 0.43 | %
2025, rates from 0.56% to 0.59% | ​ | ​ | 7,080 | ​ | 0.58 | %
2026, rates from 4.29% to 4.98% | ​ | ​ | 40,475 | ​ | 4.50 | %
2027, rates from 4.13% to 4.74% | ​ | ​ | 40,250 | ​ | 4.32 | %
2028, rates from 3.99% to 4.58% | ​ |  | 20,000 |  | 4.18 | %
Total term advances | ​ | ​ | 121,665 | ​ | 3.69 | %
Total FHLB advances | ​ | $ | 126,665 |  | 3.77 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Balance at December 31, | ​
​ | ​ | 2023 | ​
​ | ​ | ​ | ​ | ​ | Weighted | ​
Contractual Maturity |  | Amount |  | Average Rate | ​
Overnight | ​ | $ | — | ​ | — | %
​ | ​ | ​ | ​ | ​ | ​ | ​
2024, rates from 0.39% to 2.53% | ​ | ​ | 18,860 | ​ | 0.98 | %
2025, rates from 0.56% to 0.59% | ​ | ​ | 7,080 | ​ | 0.58 | %
2026, rates from 4.29% to 4.98% | ​ | ​ | 40,475 | ​ | 4.50 | %
2027, rates from 4.13% to 4.74% | ​ | ​ | 40,250 | ​ | 4.32 | %
2028, rates from 3.99% to 4.58% |  | ​ | 20,000 |  | 4.18 | %
Total term advances |  | ​ | 126,665 |  | 3.65 | %
Total FHLB advances | ​ | $ | 126,665 |  | 3.65 | %

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- Definition Tabular disclosure of advances by federal home loan bank by branch. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13,16) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480876/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 + Details
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