SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT

NOTE 4 - SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT

At September 30, 2021 and December 31, 2020, securities sold under agreements to repurchase totaled $11,195 and $15,631, respectively.

The Company has an unsecured $25,000 revolving line of credit, which had a $3,000 outstanding balance at September 30, 2021, bears interest at the greater of (i) the prime rate, which was 3.25% at September 30, 2021, or (ii) the rate floor of 3.50%, with interest payable quarterly, and matures in March 2022.

Federal Home Loan Bank (FHLB) advances, as of September 30, 2021, were as follows:

Fixed rate advances, with monthly interest payments, principal due in:

Year	Current Weighted Average Rate			Principal Due
2021		0.13	%	$	40,000
2022		1.99	%		1,500
2023		—			—
2024		1.76	%		6,000
2025		—			—
				$	47,500

There are no fixed rate advances, with monthly principal and interest payments outstanding as of September 30, 2021.