Quarterly report [Sections 13 or 15(d)]

Borrowings

v3.26.1
Borrowings
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Borrowings Borrowings
At June 30, 2026, and December 31, 2025, borrowed funds are summarized below:
(Dollars in thousands)
June 30,
2026		 December 31,
2025
FHLB Variable rate advance with outstanding rate of 3.78%, maturing August 24, 2026
 $ 15,000  $ - 
FHLB Variable rate advance with outstanding rate of 3.78%, maturing September 8, 2026
 15,000  - 
FHLB Variable rate advance with outstanding rate of 3.78%,
maturing September 21, 2026
 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 3.84%, 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 
Total $ 65,000  $ 45,000 
(1) FHLB retains putable option to call these advances after a period of time.

At June 30, 2026, scheduled maturities of borrowed funds were as follows:
(Dollars in thousands)
2026 $ 40,000 
2027 - 
2028 - 
2029 25,000 
2030 - 
2031 - 
Total $ 65,000 
The Company has available liquidity of $808 million including borrowing capacity from the FHLB and Federal Reserve facilities and other sources. The Company also maintains a $25 million line of credit with the Federal Home Loan Bank of Indianapolis. The Company did not have a balance at June 30, 2026, or as of December 31, 2025. The Company did not have other borrowings at June 30, 2026, or as of December 31, 2025.