Federal Home Loan Bank and Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Federal Home Loan Banks [Abstract]

Schedule of Outstanding Advances from FHLB

At December 31, 2023 and 2022 , the Company had outstanding advances from the FHLB that are summarized as follows (in thousands):

December 31, 2023:
Advance		Maturity	Rate			Rate Type
$	55,000,000	6/28/2024		4.96	%	Fixed Rate Hybrid
	25,000,000	12/31/2024		5.57	%	Daily Rate Credit
	25,000,000	12/22/2025		4.52	%	Fixed Rate Hybrid
	25,000,000	12/21/2026		4.31	%	Fixed Rate Hybrid
	40,000,000	12/20/2028		3.55	%	Convertible
	60,000,000	9/27/2033		3.46	%	Convertible
$	230,000,000
December 31, 2022:
Advance		Maturity	Rate			Rate Type
$	40,000,000	12/20/2023		4.95	%	Fixed Rate Hybrid
	55,000,000	12/29/2023		4.57	%	Daily Rate Credit
$	95,000,000

Summary of Principal Payments

Principal payments on the Subordinated Note Purchase Agreement are due as follows:

2024	$	-
2025		-
2026		-
2027		-
2028		-
Afterward		39,492
Total	$	39,492