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Short-Term Borrowings and Advances from Federal Home Loan Bank (Tables)
9 Months Ended
Sep. 30, 2024
Short-Term Borrowings and Advances from Federal Home Loan Bank  
Schedule of federal home loan bank borrowings

Total short-term and Federal Home Loan Bank (FHLB) borrowings and advances consist of the following (in thousands, except percentages):

At September 30, 2024

 

Weighted

 

Type

Maturing

Amount

Average Rate

 

Open Repo Plus

    

Overnight

    

$

11,760

    

5.18

%

FHLB Advances

 

2024

 

2,037

 

3.29

 

2025

 

8,400

 

4.88

 

2026

 

17,270

 

4.27

 

2027

 

15,100

 

4.23

2028

 

11,745

 

4.46

Total FHLB advances

 

  

 

54,552

 

4.36

Total short-term and FHLB borrowings

 

  

$

66,312

 

4.50

%

At December 31, 2023

 

Weighted

 

Type

Maturing

Amount

Average Rate

 

Open Repo Plus

    

Overnight

    

$

40,951

    

5.68

%

FHLB Advances

 

2024

 

7,947

 

3.23

 

2025

 

2,000

 

4.43

 

2026

 

12,920

 

4.29

 

2027

 

10,950

 

4.33

 

2028

 

10,745

 

4.50

Total FHLB advances

 

  

 

44,562

 

4.17

Total short-term and FHLB borrowings

 

  

$

85,513

 

4.89

%