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Borrowings, FHLB Stock and Subordinated Notes (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Federal Home Loan Bank Advances and Maturity and Borrowing Capacity from the FHLB
The following tables present advances from the FHLB as of the dates indicated (dollars in thousands):
 September 30, 2025December 31, 2024
FHLB advances:
Short-term advances (one year or less)$15,000 $— 
Long-term advances (over one year)10,000 25,000 
Total
$25,000 $25,000 
September 30, 2025December 31, 2024
Fixed Rate:
Outstanding balance$25,000 $25,000 
Interest rates ranging from4.06 %4.06 %
Interest rates ranging to4.27 %4.27 %
Weighted average interest rate4.16 %4.16 %
The following table presents the maturity of our FHLB advances (dollars in thousands):
September 30, 2025
Remainder of 2025$— 
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:
September 30, 2025December 31, 2024
Amount available to borrow under credit facility(1)
$370,427 $385,366 
Advance equivalent of collateral:
One-to-four family loans174,048 175,907 
Commercial and multifamily loans23,583 29,180 
Home equity loans226 241 
Notional amount of letters of credit outstanding14,000 8,000 
Remaining FHLB borrowing capacity(2)
$158,856 $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.