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Borrowings (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Summary of Information Related to Borrowings

Information related to borrowings as of December 31, 2021 and 2020 is as follows:

 

(Dollars in thousands)

 

2021

 

 

2020

 

FHLB advances

 

$

-

 

 

$

30,000

 

Total borrowings

 

$

-

 

 

$

30,000

 

 

 

 

 

 

 

 

Maximum amount at any month-end during the year

 

$

42,575

 

 

$

40,000

 

Annual average balance outstanding

 

$

23,385

 

 

$

15,419

 

Annual average interest rate paid

 

 

0.83

%

 

 

0.47

%

Annual interest rate at end of period

 

 

0.00

%

 

 

0.48

%