BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2024

BORROWINGS

Schedule of borrowed funds by maturity and call date

	March 31, 2024						December 31, 2023
	Amount by				Weighted		Amount by		Weighted
	Scheduled		Amount by		Average		Scheduled		Average
	Maturity*		Call Date (1)		Rate (2)		Maturity*		Rate (2)
	(dollars in thousands)
Year ending December 31:
2024	$	10,000	$	190,000	1.68	%	$	—	—	%
2025		245,987		255,987	4.69			13,400	1.39
2026		130,000		40,000	4.30			90,987	4.31
2027		50,000		—	4.12			110,000	4.20
2028		59,198		19,198	4.03			10,000	3.72
2029		23,128		13,128	4.06			40,000	3.86
2030 and thereafter		1,067		1,067	2.00			1,075	2.00
	$	519,380	$	519,380	4.37	%	$	265,462	4.02	%
* Includes an amortizing advance requiring monthly principal and interest payments.
(1) Callable FHLB advances are shown in the respective periods assuming that the callable debt is redeemed at the call date, while all other advances are shown in the periods corresponding to their scheduled maturity date. There were 16 callable advances at March 31, 2024.
(2) Weighted average rates are based on scheduled maturity dates.