Quarterly report [Sections 13 or 15(d)]

Borrowings and Subordinated Debentures (Tables)

v3.25.1
Borrowings and Subordinated Debentures (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowings

 

 

March 31, 2025

 

 

December 31, 2024

 

 

 

Outstanding
Balance

 

 

Weighted
Average Rate

 

 

Outstanding
Balance

 

 

Weighted
Average Rate

 

 

 

(dollars in thousands)

 

Open advances

 

$

80,000

 

 

 

4.65

%

 

$

225,000

 

 

 

4.78

%

Advances due within 12 months

 

 

25,000

 

 

 

4.44

 

 

 

 

 

 

 

Advances due over 12 months through 24 months

 

 

12,500

 

 

 

4.85

 

 

 

37,500

 

 

 

4.58

 

Outstanding advances

 

$

117,500

 

 

 

4.63

%

 

$

262,500

 

 

 

4.75

%

Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:

 

 

 

March 31, 2025

 

 

December 31, 2024

 

 

 

(dollars in thousands)

 

Weighted-average interest rate at end of period

 

 

4.63

%

 

 

4.75

%

Weighted-average interest rate during the period

 

 

4.57

%

 

 

4.37

%

Average balance of FHLB advances

 

$

179,444

 

 

$

154,112

 

Maximum amount outstanding at any month-end

 

$

232,500

 

 

$

350,000