Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Long-Term Debt.

Schedule of long-term debt

	December 31, 2023
						Period End
	Face		Carrying			Interest		Maturity
(dollars in thousands)	Value		Value		Interest Rate	Rate		Date	Call Date
Subordinated notes payable	$	50,000	$	50,000	Fixed	3.50	%	3/30/2031	3/31/2026
Junior subordinated debenture (Trust I)		4,124		3,583	Three-month CME SOFR + 0.26% + 3.10%	8.72	%	6/26/2033	6/26/2008
Junior subordinated debenture (Trust II)		6,186		5,373	Three-month CME SOFR + 0.26% + 1.80%	7.45	%	9/15/2036	9/15/2011
Total long-term debt	$	60,310	$	58,956

	December 31, 2022
						Period End
	Face		Carrying			Interest		Maturity
(dollars in thousands)	Value		Value		Interest Rate	Rate		Date	Call Date
Subordinated notes payable	$	50,000	$	50,000	Fixed	3.50	%	3/30/2031	3/31/2026
Junior subordinated debenture (Trust I)		4,124		3,537	Three-month LIBOR + 3.10%	7.82	%	6/26/2033	6/26/2008
Junior subordinated debenture (Trust II)		6,186		5,306	Three-month LIBOR + 1.80%	6.57	%	9/15/2036	9/15/2011
Total long-term debt	$	60,310	$	58,843