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BORROWINGS
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
BORROWINGS BORROWINGS
For the periods ended below, advances from the Federal Home Loan Bank of Indianapolis ("FHLBI") were as follows:
(dollars in thousands)September 30, 2026December 31, 2025
Short-term advance$100,000 $170,000 
Long-term Rate Buydown Advances ("RBA's")
Housing Supply RBA, 1.00% due August 13, 20321000
Community Development Financial Institution RBA, 0.00%, due March 12, 20351,200 1,200 
Total long-term advances1,300 1,200 
Total borrowings$101,300 $171,200 
For the period ended September 30, 2026, the Company had advances outstanding from the FHLBI of $101.3 million. The short-term advance of $100.0 million was a floating rate advance due December 29, 2026 and had an interest rate of 4.03%. The $100,000 long-term advance is a fixed rate-subsidized Housing Supply Rate Buydown Advance that funded a low cost loan to fund a Community Development loan in the program's region. The $1.2 million long-term advance is a fixed rate-subsidized Community Development Financial Institution ("CDFI") Rate Buydown Advance that funded a low cost loan to a qualifying CDFI. For the period ended December 31, 2025, the Company had advances outstanding with the FHLBI of $171.2 million. The $170.0 million short-term FHLBI advance was repaid on January 8, 2026. There were no Federal Funds purchased outstanding at September 30, 2026 and December 31, 2025.
On October 10, 2026, the Company renewed an unsecured revolving credit agreement with a financial institution allowing the Company to borrow up to $30.0 million. The credit agreement has a one year term which may be amended, extended, modified or renewed. Funds provided under the agreement can be used to repurchase shares of the Company’s common stock under the share repurchase program, which was reauthorized by the Company’s board of directors on April 8, 2025, amended on March 5, 2026, and expires on April 30, 2027, and for general operations. The credit agreement includes a negative pledge agreement whereby the Company agrees not to pledge or otherwise encumber the stock of the Bank. There was no outstanding balance on the credit agreement at September 30, 2026 and $13.0 million outstanding at December 31, 2025.