BORROWED FUNDS AND REPURCHASE AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2024

BORROWED FUNDS AND REPURCHASE AGREEMENTS [Abstract]

Borrowed Funds

The following table shows the breakdown of borrowed funds as of December 31, 2024 and 2023 (dollars in thousands):

							Weighted average interest rate:
2024	Balance at December 31		Highest balance at any month-end		Average balance		Paid during the year			As of year- end
Securities Sold Under Agreements to Repurchases (a)	$	17,338	$	17,921	$	16,768		4.79	%		4.06	%
FHLB Advances(b)		135,144		199,789		147,727		5.64	%		4.71	%
Bank Federal Funds Lines (c)		-		-		1		5.66	%		0.00	%
FRB BIC Line (d)		-		-		99		5.50	%		0.00	%
Line of Credit (e)		7,572		12,572		10,467		8.71	%		7.76	%
FRB Term Funding Program (f)		-		20,000		15,137		4.85	%		0.00	%
Other Secured Borrowings (g)		6,540		12,060		9,281		5.24	%		4.33	%
Subordinated Debt (h)		19,277		19,276		19,090		6.25	%		6.11	%
Notes Payable (i)		7,500		7,500		7,500		3.65	%		3.65	%
Term Loans (j)		104,350		109,170		97,339		2.88	%		4.45	%
Total Borrowed Funds	$	297,721	$	398,288	$	323,409		4.80	%		4.73	%

							Weighted average interest rate:
2023	Balance at December 31		Highest balance at any month-end		Average balance		Paid during the year			As of year- end
Securities Sold Under Agreements to Repurchases (a)	$	18,043	$	18,184	$	17,425		4.92	%		5.10	%
FHLB Advances(b)		135,841		234,310		192,399		5.43	%		5.68	%
Bank Federal Funds Lines (c)		-		-		-		6.53	%		0.00	%
FRB BIC Line (d)		-		-		29		5.24	%		0.00	%
Line of Credit (e)		12,572		17,500		5,880		8.48	%		8.50	%
FRB Term Funding Program (f)		20,000		20,000		329		4.84	%		4.84	%
Other Secured Borrowings (g)		10,860		14,160		7,390		5.35	%		5.33	%
Subordinated Debt (h)		18,933		18,933		14,745		5.50	%		6.30	%
Notes Payable (i)		7,500		7,500		7,500		3.65	%		3.65	%
Term Loans (j)		98,287		117,775		80,908		2.30	%		4.94	%
Total Borrowed Funds	$	322,036	$	448,362	$	326,605		4.64	%		5.46	%

Remaining Contractual Maturity of Repurchase Agreements

	Remaining Contractual Maturity of the Agreements
	Overnight and		Up to				Greater than
2024	Continuous		30 Days		30 - 90 Days		90 days		Total
Repurchase Agreements:
U.S. agency securities	$	21,364	$	-	$	-	$	-	$	21,364
Total carrying value of collateral pledged	$	21,364	$	-	$	-	$	-	$	21,364
Total liability recognized for repurchase agreements									$	17,338

	Remaining Contractual Maturity of the Agreements
	Overnight and		Up to				Greater than
2023	Continuous		30 Days		30 - 90 Days		90 days		Total
Repurchase Agreements:
U.S. agency securities	$	19,490	$	-	$	-	$	-	$	19,490
Total carrying value of collateral pledged	$	19,490	$	-	$	-	$	-	$	19,490
Total liability recognized for repurchase agreements									$	18,043

Federal Home Loan Bank Loans by Branch

				December 31,		December 31,
Interest Rate			Maturity	2024		2023
Fixed:
	4.92	%	January 2, 2025		25,000		-
	4.76	%	February 14, 2025		18,000		-
	5.05	%	January 6, 2025		20,000		-
	4.47	%	May 12, 2025		10,000		10,000
	5.03	%	July 7, 2025		26,350		25,287
	4.32	%	November 12, 2025		5,000		5,000
	4.75	%	November 11, 2024		-		5,000
	1.70	%	August 20, 2024		-		5,000
	2.46	%	March 28, 2024		-		5,000
	5.64	%	February 14, 2024		-		18,000
	5.73	%	January 2, 2024		-		25,000
Total term loans				$	104,350	$	98,287

Maturities of Borrowed Funds

The following are maturities of borrowed funds as of December 31, 2024 (in thousands):

2025	$	270,944
2026		-
2027		-
2028		-
2029		-
Thereafter		26,777
Total borrowed funds	$	297,721