Quarterly report [Sections 13 or 15(d)]

Borrowings

v3.25.2
Borrowings
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Borrowings Borrowings
At June 30, 2025, and December 31, 2024, borrowed funds are summarized below:
(Dollars in thousands)
June 30,
2025		 December 31,
2024
FHLB Fixed rate advance with outstanding rate of 4.85%, maturing May 16, 2025
 $ -  $ 10,000 
FHLB Fixed rate advance with outstanding rate of 4.77%, maturing May 19, 2025
 -  10,000 
FHLB Fixed rate advance with outstanding rate of 4.49%,
maturing July 3, 2025
 10,000  - 
FHLB Fixed rate advance with outstanding rate of 3.63%, maturing March 7, 2028 (1)
10,000  - 
FHLB Fixed rate advance with outstanding rate of 3.46%,
maturing June 26, 2028 (1)
10,000  - 
FHLB Fixed rate advance with outstanding rate of 3.38%, maturing August 7, 2028 (1)
-  10,000 
FHLB Fixed rate advance with outstanding rate of 3.84%, maturing February 28, 2029 (1)
15,000  15,000 
FHLB Fixed rate advance with outstanding rate of 3.74%, maturing February 28, 2029 (1)
10,000  10,000 
FHLB Fixed rate advance with outstanding rate of 3.22%, maturing August 7, 2029 (1)
-  10,000 
FHLB Fixed rate advance with outstanding rate of 2.95%, maturing April 29, 2030 (1)
10,000  - 
Total $ 65,000  $ 65,000 
(1) FHLB retains putable option to call these advances after a period of time.

At June 30, 2025, scheduled maturities of borrowed funds were as follows:
(Dollars in thousands)
2025 $ 10,000 
2026 - 
2027 - 
2028 20,000 
2029 25,000 
2030 10,000 
Total $ 65,000 
The Company has available liquidity of $932.0 million including borrowing capacity from the FHLB and Federal Reserve facilities and other sources. The Company also maintains a $25.0 million line of credit with the Federal Home Loan Bank of Indianapolis. The Company did not have a balance at June 30, 2025, or as of December 31, 2024. The Company did not have other borrowings at June 30, 2025, or as of December 31, 2024.