v3.26.1
Borrowings
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Borrowings
Note 6 — Borrowings
Borrowed funds are summarized as follows:
(Dollars in thousands)June 30, 2026December 31, 2025
Short-term FHLB advances$125,000 $— 
Long-term FHLB advances5,349 5,913 
Overnight repurchase agreements with depositors6,529 13,137 
Total FHLB advances and other borrowings$136,878 $19,050 
Subordinated indebtedness, net$16,594 $16,544 
Additional details of short-term FHLB advances are as follows:
(Dollars in thousands)AmountInterest RateMaturity Date
At June 30, 2026:
Short-term FHLB advance, fixed rate$125,000 3.85 %7/1/2026
Holding Company Line of Credit
The Company entered into a Loan Agreement (the “Loan Agreement”), along with certain ancillary instruments, with a correspondent financial institution (“Lender”) pursuant to which the Company has the ability to borrow up to $30.0 million under a revolving credit loan. Advances under the Loan Agreement bear interest at a variable rate equal to the then-applicable Prime Rate (as defined in the Loan Agreement) minus 1.00%, subject to a 4.00% floor. The loan matures on June 30, 2027, and is secured by a pledge of the common stock of Origin Bank. The Company had no balance outstanding on this revolving credit loan under the Loan Agreement at June 30, 2026.