Long-term debt

12 Months Ended

Dec. 31, 2023

Long-term debt

Long-term debt

10. Long-term debt:

Long-term debt, consisting of advances from the FHLB, at December 31, 2023 and 2022 is as follows:

	Interest Rate
(Dollars in thousands, except percents)	Fixed			December 31, 2023		December 31, 2022
March 2023	4.69	%	$		$	555
March 2025	4.37			10,000
March 2026	4.20			15,000
			$	25,000	$	555

Maturities of long-term debt, by contractual maturity, in years subsequent to December 31, 2023 are as follows:

(Dollars in thousands)
2025	$	10,000
2026		15,000
	$	25,000

The FHLB advances are not convertible and have a fixed rate. There were two new long-term advances entered into with the FHLB during 2023 and none in 2022.