Senior Debt and Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes the Company’s subordinated debentures:


(Dollars in thousands)	December 31, 2025		December 31, 2024
Fixed - floating rate subordinated debentures, due 2031	$	35,000	$	35,000
Unamortized debt issuance costs	(121)		(266)
Floating rate senior debt bank loan, due 2032	29,492		30,000
Junior subordinated deferrable interest debentures, due October 2036	5,155		5,155
Total subordinated debentures	$	69,526	$	69,889

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details