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Borrowings, FHLB Stock and Subordinated Notes (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Federal Home Loan Bank, Advances
The following tables present advances from the FHLB as of the dates indicated (dollars in thousands):
 
December 31,
 20242023
FHLB advances:
Short-term advances
— 15,000 
Long-term advances
25,000 25,000 
Total
$25,000 $40,000 

December 31, 2024December 31, 2023
Fixed Rate:
Outstanding balance$25,000 $40,000 
Interest rates ranging from4.06 %4.06 %
Interest rates ranging to4.27 %4.35 %
Weighted average interest rate4.16 %4.25 %
The following table presents the maturity of our FHLB advances (dollars in thousands):
December 31,
2024
2025$— 
202615,000 
2027— 
202810,000 
$25,000 
The following table presents the borrowing capacity from the FHLB as of the dates indicated (dollars in thousands):
December 31, 2024December 31, 2023
Amount available to borrow under credit facility(1)
$385,366 $463,541 
Loans pledged as collateral for borrowings
333,613 344,572 
Advance equivalent of collateral:
One-to-four family mortgage loans175,907 196,547 
Commercial and multifamily mortgage loans29,180 34,464 
Home equity loans241 348 
Notional amount of letters of credit outstanding8,000 10,000 
Remaining FHLB borrowing capacity(2)
$172,327 $181,360 
(1)Subject to eligible pledged collateral.
(2)Amount remaining from the advance equivalent of collateral, less letters of credit outstanding and FHLB advances.