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BORROWED FUNDS
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
BORROWED FUNDS

NOTE 13 BORROWED FUNDS

 

Borrowed funds totaled $36,186 and $36,186 as of June 30, 2024 and December 31, 2023, respectively. Borrowed funds consist of trust preferred securities of $16.2 million, Federal Home Loan Bank advance of $10.0 million and Federal Reserve Bank Bank Term Funding Program loan of $10.0 million, as of June 30, 2024 and December 31, 2023, respectively. For additional information on borrowed funds, refer to Note 18 in Item 8 of Form 10-K for the year ended December 31, 2023.