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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2024
Federal Home Loan Banks [Abstract]  
Schedule of Federal Home Loan Bank, Advances
Borrowed funds were comprised of the following:
As of December 31,
20242023
(In thousands)
Escrow deposits of borrowers$27,721 $21,978 
Interest rate swap collateral funds48,590 8,500 
FHLB advances17,589 17,738 
Total borrowed funds$93,900 $48,216 
Interest expense on borrowed funds was as follows:
For the Year Ended December 31,
202420232022
(In thousands)
Federal funds purchased$— $— $24 
Federal Home Loan Bank advances553 19,247 8,263 
Escrow deposits of borrowers36 
Interest rate swap collateral funds1,213 722 216 
Total interest expense on borrowed funds$1,802 $19,975 $8,506 
A summary of FHLBB advances by maturities were as follows:
As of December 31,
20242023
AmountWeighted Average
Interest Rate
AmountWeighted Average
Interest Rate
(Dollars in thousands)
Within one year$2,515 0.67 %$95 1.50 %
Over one year to three years2,148 1.82 %3,409 0.73 %
Over three years to five years2,833 0.56 %2,685 1.59 %
Over five years10,093 1.34 %11,549 1.31 %
Total Federal Home Loan Bank advances$17,589 1.18 %$17,738 1.25 %