v3.25.1
NOTES PAYABLE (Tables)
3 Months Ended
Mar. 31, 2025
NOTES PAYABLE  
Schedule of advances, rate, and maturities of FHLB advances The advances, rate, and maturities of FHLB advances were as follows:

    

    

    

March 31, 

    

December 31, 

Maturity

Rate

2025

2024

Fixed rate, fixed term

06/30/2025

5.16%

$

25,000

$

25,000

Fixed rate, fixed term

03/23/2026

4.02%

10,000

10,000

Fixed rate, fixed term

05/26/2026

1.95%

5,000

5,000

Fixed rate, fixed term

06/29/2026

4.77%

15,000

15,000

Fixed rate, fixed term

03/23/2027

3.91%

10,000

10,000

Fixed rate, fixed term

06/28/2027

4.57%

15,000

15,000

Fixed rate, fixed term

03/23/2028

3.85%

10,000

10,000

Fixed rate, fixed term

07/05/2028

4.41%

20,000

20,000

Fixed rate, fixed term

07/09/2029

4.31%

25,000

25,000

Fixed rate, fixed term

04/22/2030

0.00%

508

135,000

135,508

Adjustment due to purchase accounting

(110)

(136)

$

134,890

$

135,372

Schedule of future maturities of borrowings

Future maturities of borrowings were as follows:

    

March 31, 

    

December 31, 

2025

2024

1 year or less

$

35,000

$

25,000

1 to 2 years

 

30,000

 

30,000

2 to 3 years

 

25,000

 

25,000

3 to 4 years

 

20,000

 

30,000

4 to 5 years

 

25,000

 

25,000

Over 5 years

508

$

135,000

$

135,508