BORROWINGS |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Debt Disclosure [Abstract] | |
| BORROWINGS | BORROWINGS FHLB advances totaled $12.3 million with a weighted average interest rate of 0.66% as of December 31, 2025 and totaled $13.2 million with a weighted average interest rate of 0.54% as of December 31, 2024. The FHLB advances outstanding as of December 31, 2025 mature between 2026 and 2030. Borrowings from the FHLB are secured by the FHLB stock held by the Company and pledged security in the form of qualifying loans. The loans pledged as of December 31, 2025 and 2024 totaled $1.96 billion and $1.91 billion, respectively. As of December 31, 2025 and 2024, loans pledged also served as collateral for credit exposure of $0.4 million associated with the Bank’s participation in the FHLB’s Mortgage Partnership Finance Program. As of December 31, 2025 and 2024, loans pledged also served as collateral for letters of credit for the benefit of uninsured public funds deposits totaling $70.2 million and $70.0 million, respectively. The Bank also had available borrowings through the discount window of the Federal Reserve Bank of Chicago. Available borrowings are based on the collateral pledged. As of December 31, 2025 and 2024, debt securities with a carrying value of $119.6 million and $108.0 million, respectively, were pledged to secure available borrowings.
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