Quarterly report [Sections 13 or 15(d)]

Borrowings and Subordinated Debentures (Tables)

v3.26.3
Borrowings and Subordinated Debentures (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Borrowings

 

 

September 30, 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

 

 

 

4.02

 

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:

 

 

 

September 30, 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 period1

 

 

3.96

%

 

 

4.52

%

Average balance of FHLB advances1

 

$

27,747

 

 

$

82,390

 

Maximum amount outstanding at any month-end

 

$

—

 

 

$

150,000

 

 

(1)
During the nine months ended September 30, 2026 and twelve months ended December 31, 2025