Borrowings, FHLB Stock and Subordinated Notes (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank, Advances

The following table presents advances from the FHLB as of the dates indicated:

	September 30, 2023			December 31, 2022
Fixed Rate:
Outstanding balance	$	40,000		$	—
Interest rates ranging from	4.06		%	—		%
Interest rates ranging to	4.35		%	—		%
Weighted average interest rate	4.25		%	—		%
Variable rate:
Outstanding balance	$	—		$	43,000
Weighted average interest rate	—		%	2.14		%

The following table presents the borrowing capacity from the FHLB as of the dates indicated:

	September 30, 2023		December 31, 2022
Amount available to borrow under credit facility(1)	$	454,907	$	442,078
Advance equivalent of collateral:
One-to-four family mortgage loans	193,734		204,097
Commercial and multifamily mortgage loans	35,359		45,437
Home equity loans	382		505
Notional amount of letters of credit outstanding	11,000		8,000
Remaining FHLB borrowing capacity	$	178,475	$	199,039

(1)Subject to eligible pledged collateral.