Other Borrowings

12 Months Ended

Dec. 31, 2022

Other Borrowings [Abstract]

Other Borrowings

Other Borrowings

The Company maintained credit facilities with the FHLB at December 31, 2022, and 2021, totaling $667.9 million and $648.1 million, respectively. At December 31, 2022, the credit facility was collateralized by $235.9 million of single-family residential mortgages, $163.8 million of commercial real estate loans, and $62.5 million of multifamily loans under a blanket lien arrangement. At December 31, 2021, the credit facility was collateralized by $223.0 million of single-family residential mortgages, $145.4 million of commercial real estate loans, and $54.1 million of multifamily loans under a blanket lien arrangement. The Company also had $70.4 million of unused line-of-credit facilities with the FRB and $75.0 million with other financial institutions at December 31, 2022, with interest payable at the then stated rate.

    Summary information related to FHLB advances and other borrowings during the years ended December 31, 2022, and 2021 consisted of the following:

	Year ended December 31,
	2022			2021
	(Dollars in thousands)
Maximum borrowing outstanding at any month end	$	159,000		$	120,000
Average borrowing outstanding during year	113,890			115,466
Balance outstanding at end of year	145,000			95,000
Average rate paid during the year	1.70		%	1.39		%
Weighted-average rate paid at end of year	2.37			1.26

Scheduled maturities of FHLB advances outstanding at December 31, 2022, were as follows:

	Balance Due		Weighted Average Interest Rate at December 31, 2022
(Dollars in thousands)
FHLB overnight Fed Funds	$	50,000	4.60	%
Fixed rate, maturing within two months	95,000		1.20
	$	145,000