ECB Bancorp, Inc. /MD/ Debt Disclosure
NOTE 8 – BORROWINGS
Borrowings consist of advances borrowed from the FHLB.
Maturities of advances from the FHLB for the years ending after December 31, 2025 and December 31, 2024 are summarized as follows (dollars in thousands):
| 2025 | 2024 | ||||||||||||||||||
| Weighted Average | Weighted Average | ||||||||||||||||||
| Stated Maturity | Total Outstanding | Contractual Rate | Stated Maturity | Total Outstanding | Contractual Rate | ||||||||||||||
| 2026 | $ | 79,815 | 3.69 | % | 2025 | $ | 25,000 | 4.52 | % | ||||||||||
| 2027 | 95,000 | 3.95 | 2026 | 4,000 | 0.82 | ||||||||||||||
| 2028 | 65,000 | 4.20 | 2027 | 95,000 | 3.95 | ||||||||||||||
| 2029 | 20,000 | 3.79 | 2028 | 65,000 | 4.20 | ||||||||||||||
| 2030 | 25,000 | 3.38 | 2029 | 45,000 | 3.58 | ||||||||||||||
| Total | $ | 284,815 | 3.87 | % | Total | $ | 234,000 | 3.96 | % | ||||||||||
Certain borrowings from the FHLB are callable by the FHLB prior to maturity.
Borrowings from the FHLB are secured by a blanket lien on qualified collateral, consisting primarily of loans with first mortgages secured by one-to-four family, multifamily and commercial real estate properties and other qualified assets.
At December 31, 2025 and 2024, the interest rates on FHLB advances ranged from 0.82% to 4.95% and 0.82% to 4.95%, respectively.
At December 31, 2025 and 2024, the Bank had a $2.2 million line of credit established with the FHLB. There were no advances on this line. The available borrowing capacity with the FHLB was $395.4 million as of December 31, 2025 and $328.5 million as of December 31, 2024.
At December 31, 2025 and 2024, the Bank had a $15.0 million and $10.0 million line of credit established with the Atlantic Community Bankers Bank, respectively. There were no advances on this line.
At December 31, 2025 and 2024, the Bank had a line of credit established with the FRB with unused borrowing capacity of $75.7 million and $15.1 million, respectively
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 25, 2026 | Showing above |
| 2024 | Mar 26, 2025 | |
| 2023 | Mar 29, 2024 | |
| 2022 | Mar 30, 2023 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.