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Borrowings, FHLB Stock and Subordinated Notes (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Federal Home Loan Bank, Advances
The following tables present advances from the FHLB as of the dates indicated (dollars in thousands):
 September 30, 2024December 31, 2023
FHLB advances:
Short-term advances
$15,000 $15,000 
Long-term advances
25,000 25,000 
Total
$40,000 $40,000 
September 30, 2024December 31, 2023
Fixed Rate:
Outstanding balance$40,000 $40,000 
Interest rates ranging from4.06 %4.06 %
Interest rates ranging to4.35 %4.35 %
Weighted average interest rate4.25 %4.25 %
Variable rate:
Outstanding balance$— $— 
Weighted average interest rate— %— %
The following table presents the maturity of our FHLB advances (dollars in thousands):
September 30,
2024
Remainder of 2024$15,000 
2025— 
202615,000 
2027— 
202810,000 
Thereafter— 
$40,000 
The following table presents the Company’s borrowing capacity from the FHLB as of the dates indicated:
September 30, 2024December 31, 2023
Amount available to borrow under credit facility(1)
$483,759 $463,541 
Advance equivalent of collateral:
One-to-four family mortgage loans184,256 196,547 
Commercial and multifamily mortgage loans31,565 34,464 
Home equity loans284 348 
Notional amount of letters of credit outstanding8,000 10,000 
Remaining FHLB borrowing capacity(2)
$168,105 $181,360 
(1)Subject to eligible pledged collateral.
(2)Amount remaining from the advance equivalent of collateral less letters of credit outstanding and FHLB advances.