Quarterly report [Sections 13 or 15(d)]

Borrowings and Subordinated Debentures (Tables)

v3.26.1
Borrowings and Subordinated Debentures (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Borrowings

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Outstanding
Balance

 

 

Weighted
Average Rate

 

 

Outstanding
Balance

 

 

Weighted
Average Rate

 

 

 

(dollars in thousands)

 

Open advances

 

$

 

 

 

%

 

$

 

 

 

%

Advances due within 12 months

 

 

 

 

 

 

 

 

150,000

 

 

 

4.20

 

Advances due over 12 months through 24 months

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding advances

 

$

 

 

 

%

 

$

150,000

 

 

 

4.02

%

Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

(dollars in thousands)

 

Weighted-average interest rate at end of period

 

 

0.00

%

 

 

4.02

%

Weighted-average interest rate during the period

 

 

3.94

%

 

 

4.52

%

Average balance of FHLB advances

 

$

68,944

 

 

$

82,390

 

Maximum amount outstanding at any month-end

 

$

90,000

 

 

$

150,000