v3.26.1
BORROWINGS
 3 Months Ended
Mar. 31, 2026
BORROWINGS [Abstract]  
BORROWINGS
NOTE 7 – BORROWINGS
As of March 31, 2026 and December 31, 2025, total borrowings consisted of FHLB advances
as set forth below:
March 31, 2026
December 31, 2025
(In thousands)
Short-term
Fixed
-rate advances from the FHLB
(1)
$
90,000
$
-
Long-term
Fixed
-rate advances from the FHLB
(2)
200,000
290,000
$
290,000
$
290,000
(1)
Interest rate of
3.86
% as of March 31, 2026.
(2)
Weighted-average interest rate of
4.25
% and
4.32
% as of March 31, 2026 and December 31, 2025, respectively. Contractual maturity
date of November 2027 as of
March 31, 2026.
Advances from the FHLB mature as follows as of the indicated date:
March 31, 2026
(In thousands)
Three months or less
$
90,000
Over one year to two years
200,000
Total
(1)
$
290,000
(1) Average remaining term to maturity of
1.13
years.
During the first
quarter of 2026, the
Corporation added a $
90.0
million short-term fixed-rate
FHLB advance with
an interest rate of
3.86
% and repaid at maturity $
90.0
million of long-term FHLB advances at an average rate of
4.49
%.