FEDERAL HOME LOAN BANK ADVANCES (Tables)

12 Months Ended

Dec. 31, 2023

FEDERAL HOME LOAN BANK ADVANCES

Federal Home Loan Bank Advances

December 31, (in thousands)	2023		2022
Overnight advances	$	110,000	$	75,000
Fixed interest rate advances		270,000		20,000
Total FHLB advances	$	380,000	$	95,000

Aggregate Future Principal Payments on FHLB Advances

			Weighted
			Average
Year (dollars in thousands)	Principal		Rate
2024	$	110,000	5.38	%
2025		—	—
2026		30,000	4.82
2027		80,000	4.01
2028		160,000	4.39
Total	$	380,000	4.63	%

Information Regarding Overnight FHLB Advances

December 31,  (dollars in thousands)	2023			2022
Outstanding balance at end of period	$	110,000		$	75,000
Weighted average interest rate at end of period		5.38	%		4.36	%

Years Ended December 31,  (dollars in thousands)	2023			2022			2021
Average outstanding balance during the period	$	197,185		$	4,630		$	28,767
Weighted average interest rate during the period		5.06	%		0.53	%		0.15	%
Maximum outstanding at any month end during the period	$	485,000		$	75,000		$	25,000

Real Estate Loans Pledged

December 31,  (in thousands)	2023		2022
First-lien, single family residential real estate	$	1,345,752	$	1,106,287
Home equity lines of credit		266,389		219,644
Multi-family commercial real estate		133,565		—