Annual report pursuant to Section 13 and 15(d)

OTHER BORROWED FUNDS (Tables)

v3.22.4
OTHER BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2022
OTHER BORROWED FUNDS [Abstract]  
Advances from Federal Home Loan Bank
At year-end, advances from the Federal Home Loan Bank were as follows (dollars in thousands):

Principal Terms
 
Advance
Amount
 
Range of Maturities
 
Weighted
Average
Interest Rate
 
December 31, 2022
             
Single maturity fixed rate advances
 
$
10,000
 
February 2024
   
2.63
%
Putable advances
   
20,000
 
November 2024
   
1.81
%
   
$
30,000
           

Principal Terms
 
Advance
Amount
 
Range of Maturities
 
Weighted
Average
Interest Rate
 
December 31, 2021
             
Single maturity fixed rate advances
 
$
30,000
 
May 2023 to July 2024
   
2.87
%
Putable advances
   
55,000
 
November 2024 to July 2031
   
0.74
%
   
$
85,000
           
Scheduled Repayments of FHLB Advances
Scheduled repayments of FHLB advances as of December 31, 2022 were as follows (in thousands):

2023
 
$
 
2024
   
30,000
 
2025
   
 
2026
   
 
2027
   
 
Thereafter
   
 
   
$
30,000