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Borrowings, FHLB Stock and Subordinated Notes (Tables)
 3 Months Ended
Mar. 31, 2025
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):
 March 31, 2025December 31, 2024
FHLB advances:
Short-term advances
$15,000 $— 
Long-term advances
10,000 25,000 
Total
$25,000 $25,000 
March 31, 2025December 31, 2024
Fixed Rate:
Outstanding balance$25,000 $25,000 
Interest rates ranging from4.06 %4.06 %
Interest rates ranging to4.27 %4.27 %
Weighted average interest rate4.16 %4.16 %
The following table presents the maturity of our FHLB advances (dollars in thousands):
March 31,
2025
Remainder of 2025$— 
202615,000 
2027— 
202810,000 
2029— 
Thereafter— 
$25,000 
The following table presents the Company’s borrowing capacity from the FHLB as of the dates indicated:
March 31, 2025December 31, 2024
Amount available to borrow under credit facility(1)
$347,813 $385,366 
Advance equivalent of collateral:
One-to-four family loans176,342 175,907 
Commercial and multifamily loans28,951 29,180 
Home equity loans237 241 
Notional amount of letters of credit outstanding13,000 8,000 
Remaining FHLB borrowing capacity(2)
$167,529 $172,327 
(1)Subject to eligible pledged collateral.
(2)Amount remaining from the advance equivalent of collateral less letters of credit outstanding and FHLB advances.