v3.25.4
Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2025
Borrowed Funds  
Summary of Short-term Borrowings

(in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

Securities sold under agreements to repurchase:

Outstanding at end of year

$

17,661

$

15,409

Weighted average interest rate at year end

0.22%

0.24%

Maximum amount outstanding as of any month end

$

26,756

$

44,415

Average amount outstanding

$

19,565

$

29,805

Approximate weighted average rate during the year

0.22%

0.26%

Overnight borrowings, weighted average interest rate of 4.50% at December 31, 2024

$

$

50,000

Summary of Long-term Borrowings

(in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

FHLB advances bearing fixed interest rates of 3.84% at December 31, 2025 and ranging from 3.84% to 4.04% at December 31, 2024

$

65,000

$

90,000

Junior subordinated debt, bearing variable interest rate of 6.72% at December 31, 2025 and 7.36% at December 31, 2024

$

30,929

$

30,929

Total long-term debt

$

95,929

$

120,929

Schedule of Pledged Collateral on Line of Credit The line is secured by certain qualified mortgage, commercial and home equity loans as follows (in thousands):

1-4 family mortgage loans

  ​ ​ ​

$

153,691

Commercial loans

148,503

Multi-family loans

22,936

Home equity loans

10,342

Total available borrowing capacity

$

335,472

Less: borrowings and letters of credit outstanding

(73,921)

Available credit

$

261,551