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Borrowings (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Short-term Borrowings
The following table summarizes certain information on short-term borrowings as of and for the years ended December 31, 2023 and December 31, 2022.
December 31, 2023December 31, 2022
(Dollars in thousands)AmountRate AmountRate
Average for the Year
Repurchase agreements$  %$683 0.25 %
FHLB Advances111,392 4.95 1,863 3.87 
At Year End
Repurchase agreements$  %$— — %
FHLB Advances  40,000 4.57 
Schedule of Long-Term Debt Instruments
(dollars in thousands)December 31, 2023December 31, 2022Issue DateStated Maturity DateEarliest Call DateInterest Rate
September 2030 Subordinated Debentures$25,000 $25,000 202020302025
5.375% through September 2025, 3-month SOFR + 5.265% thereafter
October 2030 Subordinated Debentures19,500 — 202020302025
4.75% through October 2025, 3-month SOFR + 4.58% thereafter
Total subordinated debentures44,500 25,000 
Severn Capital Trust I20,619 20,619 20042035
3-month SOFR + 2.00%
Tri-County Capital Trust I7,000 — 20042034
90-day SOFR + 2.60%
Tri-County Capital Trust II5,000 — 20052035
90-day SOFR + 1.70%
Total trust preferred securities32,619 20,619 
Less net discount and unamortized issuance costs(4,822)(2,547)
Total long-term debt$72,297 $43,072