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BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

Borrowings consist of the following:


			December 31,
			2023						2022
Short-term variable $25,000 line of credit with interest due quarterly at the WSJ Prime Rate, maturity August 2024.			$	(6)					$	(19)

Short-term fixed rate Federal Home Loan Bank advances with interest and principal payments due at various maturity dates through 2024 and interest rates ranging from 0.31% to 5.57%.			58,000						31,000

Short-term fixed rate federal funds with principal and interest due January 2024 at a fixed interest rate of 8.0%.			10,000						—

Short-term Federal Reserve Bank discount window advance with principal and interest due February 2024 at a fixed interest rate of 5.5%.			10,000						—

Short-term Bank Term Funding Program from the Federal Reserve Bank advance with principal and interest due December 2024 at a fixed interest rate of 4.97%.			7,000						—

Short-term fixed rate Federal Home Loan Bank advances with interest and principal payments due at various maturity dates through 2025 and interest rate of 5.51%.			12,000						—

Subordinated notes with interest due quarterly at an initial fixed rate of 3.5% until February 7, 2027, then will reset quarterly to a Three-Month Term Secured Overnight Financing Rate plus 205 basis points through maturity on February 7, 2032.			47,318						47,097

Subordinated notes with interest due quarterly at an initial fixed rate of 7.0% until October 26, 2027, then will reset quarterly to a Three-Month Term Secured Overnight Financing Rate plus 306 basis points through maturity on October 26, 2032.			39,361						39,217
			$	183,673					$	117,295

Schedule of Maturities of Long-term Debt

Contractual maturities of other borrowings as of December 31, 2023 are as follows:


2024			$	84,994
2025			12,000
2026			—
2027			—
2028			—
Thereafter			86,679
Total			$	183,673