Quarterly report pursuant to Section 13 or 15(d)

Borrowings and Subordinated Debentures (Tables)

v3.22.2.2
Borrowings and Subordinated Debentures (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Borrowings

 

 

September 30, 2022

 

 

December 31, 2021

 

 

 

Outstanding
Balance

 

 

Weighted
Average Rate

 

 

Outstanding
Balance

 

 

Weighted
Average Rate

 

 

 

(dollars in thousands)

 

Overnight advances

 

$

 

 

 

0.00

%

 

$

 

 

 

0.00

%

Advances due within 12 months

 

 

50,000

 

 

 

0.97

%

 

 

50,000

 

 

 

1.62

%

Advances due over 12 months through 24 months

 

 

37,500

 

 

 

0.40

%

 

 

50,000

 

 

 

0.97

%

Advances due over 24 months through 36 months

 

 

12,500

 

 

 

1.90

%

 

 

37,500

 

 

 

0.40

%

Outstanding advances

 

$

100,000

 

 

 

0.87

%

 

$

137,500

 

 

 

1.05

%

Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:

 

 

 

September 30, 2022

 

 

December 31, 2021

 

 

 

(dollars in thousands)

 

Weighted-average interest rate at end of period

 

 

0.87

%

 

 

1.05

%

Weighted-average interest rate during the period

 

 

1.07

%

 

 

1.17

%

Average balance of FHLB advances

 

$

131,337

 

 

$

145,277

 

Maximum amount outstanding at any month-end

 

$

215,000

 

 

$

162,500