v3.25.2
Borrowings (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Information Regarding FHLB Advances Outstanding

The following table presents information regarding FHLB advances outstanding as of both June 30, 2025 and December 31, 2024.

(Dollars in thousands)

 

Balance

 

 

Origination Date

 

Stated Interest Rate

 

 

Maturity Date

Fixed rate credit

 

$

50,000

 

 

3/15/2023

 

 

4.07

%

 

3/15/2027

Fixed rate credit

 

 

50,000

 

 

5/2/2023

 

 

3.87

%

 

5/3/2027

Fixed rate credit

 

 

50,000

 

 

5/4/2023

 

 

3.52

%

 

5/4/2028

Total FHLB borrowings

 

$

150,000

 

 

 

 

 

 

 

 

 

At June 30, 2025, 1-4 family residential loans, multi-family residential loans, and commercial real estate loans classified as held for investment with a lendable value of $415.3 million and securities with a lendable value of $168.0 million were pledged for the borrowing facility with the FHLB.