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SUBORDINATED DEBENTURES (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Subordinated Debentures and Other Debentures

Subordinated debentures were made up of the following as of:

 

 

December 31, 2021

 

 

December 31, 2020

 

Trust II Debentures

 

$

3,093

 

 

$

3,093

 

Trust III Debentures

 

 

2,062

 

 

 

2,062

 

DCB Trust I Debentures

 

 

5,155

 

 

 

5,155

 

Other debentures

 

 

9,500

 

 

 

9,500

 

 

 

$

19,810

 

 

$

19,810

 

 

 

Trust II Debentures

 

 

Trust III Debentures

 

 

DCB Trust I
Debentures

 

Original amount

 

$

3,093

 

 

$

2,062

 

 

$

5,155

 

Maturity date

 

October 30, 2032

 

 

October 1, 2036

 

 

June 15, 2037

 

Interest due

 

Quarterly

 

 

Quarterly

 

 

Quarterly

 

Schedule of Trusts

 

 

Trust II

 

 

Trust III

 

 

DCB Trust I

 

Formation date

 

October 30, 2002

 

 

July 25, 2006

 

 

March 29, 2007

 

Capital trust pass-through securities

 

 

 

 

 

 

 

 

 

Number of shares

 

 

3,000

 

 

 

2,000

 

 

 

5,000

 

Original liquidation value

 

$

3,000

 

 

$

2,000

 

 

$

5,000

 

Common securities liquidation value

 

 

93

 

 

 

62

 

 

 

155

 

Schedule of Principal Payments and Weighted Average Rates of Other Debentures

The scheduled principal payments and weighted average rates of other debentures are as follows:

Year

 

Current
Weighted
Average Rate

 

 

Principal Due

 

2022

 

 

2.45

%

 

$

2,000

 

2023

 

 

2.85

%

 

 

3,500

 

2024

 

 

3.74

%

 

 

4,000

 

 

 

 

 

 

$

9,500