XML 66 R47.htm IDEA: XBRL DOCUMENT v3.25.4
SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of short-term borrowings
A summary of the Bank's short-term borrowings as of December 31, 2025, 2024 and 2023 is as follows:

Year Ended December 31,
(Dollars in thousands)202520242023
Amount outstanding at December 31,$— $— $— 
Average amount outstanding during year— 17 23,322 
Highest month-end balance during year— 6,000 100,000 
Weighted-average interest rate on balances outstanding at December 31,— %— %— %
Weighted-average interest rate during year— %5.58 %4.88 %
Schedule of long-term debt, based on original maturity
December 31,
(Dollars in thousands)20252024
FHLB advances$25,000 $50,000 
Subordinated debentures51,547 51,547 
Subordinated notes, net of unamortized debt issuance costs of $0 and $202
— 54,798 
Total$76,547 $156,345 
The Company had the following subordinated notes outstanding as of the dates presented:

December 31,
(Dollars in thousands)20252024
October 2020 Private Placement$— $55,000 
Schedule of future principal payments on long-term debt based on final maturity
At December 31, 2025, future principal payments on long-term debt based on redemption date or final maturity are as follows:

(Dollars in thousands)
Year Ending December 31:
2026$— 
2027— 
202825,000 
2029— 
2030— 
Thereafter51,547 
Total$76,547 
Schedule of Subordinated Borrowing
The Company had the following junior subordinated debentures outstanding as of December 31, 2025 and 2024:
(Dollars in thousands)
Outstanding
Current Interest Rate
Trust IV$30,928 
Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 2.45%
Trust V20,619 
Three-month CME Term SOFR + tenor spread adjustment of 0.26% + 1.87%
Total$51,547