Time Deposits and Borrowings

9 Months Ended

Sep. 30, 2022

Time Deposits and Borrowings [Abstract]

Time Deposits and Borrowings

Note 6: Time Deposits and Borrowings

The scheduled maturities, excluding interest, of the Company’s borrowings at September 30, 2022 were as follows:

September 30, 2022

Within One

Year

One to Two

Years

Two to

Three Years

Three to

Four Years

Four to Five

Years

After Five

Years

Total

(Dollars in thousands)

Time deposits

$

487,378

$

244,594

$

673

$

1,722

$

15,804

$

-

$

750,171

FHLB borrowings

35,000

-

-

5,100

-

97,500

137,600

FHLB line of credit

67,749

-

-

-

-

-

67,749

Trust preferred securities

(1)

-

-

-

-

-

1,048

1,048

$

590,127

$

244,594

$

673

$

6,822

$

15,804

$

98,548

$

956,568

(1)

The contract value of the trust preferred securities is $

2.6

 million and is currently being accreted to the maturity date of 2035.