Annual report [Section 13 and 15(d), not S-K Item 405]

Borrowings (Tables)

v3.25.4
Borrowings (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Borrowings The following is a summary of contractual maturities of FHLB advances:

 

 

 

As of December 31,

 

 

 

2025

 

 

2024

 

 

 

Outstanding
Balance

 

 

Weighted
Average
Rate

 

 

Outstanding
Balance

 

 

Weighted
Average
Rate

 

 

 

(dollars in thousands)

 

Open advances

 

$

 

 

 

 

 

$

225,000

 

 

 

4.78

%

Advances due within 12 months

 

 

150,000

 

 

 

4.02

%

 

 

 

 

 

 

Advances due over 12 months through 24 months

 

 

 

 

 

 

 

 

37,500

 

 

 

4.58

 

Advances due over 24 months through 36 months

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding advances

 

$

150,000

 

 

 

4.02

%

 

$

262,500

 

 

 

4.75

%

 

Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:

 

 

 

As of December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(dollars in thousands)

 

Weighted-average interest rate at end of year

 

 

4.02

%

 

 

4.75

%

 

 

4.69

%

Weighted-average interest rate during the year

 

 

4.52

%

 

 

4.37

%

 

 

3.48

%

Average balance of FHLB advances

 

$

82,390

 

 

$

154,112

 

 

$

197,390

 

Maximum amount outstanding at any month-end

 

$

150,000

 

 

$

350,000

 

 

$

450,000