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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-Term Debt

(dollars in thousands, unaudited)

June 30, 2022

December 31, 2021

Unamortized

Unamortized

Debt Issuance

Debt Issuance

    

Principal

    

Costs

    

Principal

    

Costs

Fixed - floating rate subordinated debentures, due 2031 (1)

    

$

50,000

    

$

(827)

    

$

50,000

    

$

(859)

Total long-term debt

$

50,000

$

(827)

$

50,000

$

(859)

(1)3.25% fixed rate for five years, then floating rate beginning October 1, 2026 at 253.5 basis points over 3-month term SOFR adjusted quarterly.