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FHLB Advances and Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2020
Federal Home Loan Banks [Abstract]  
Summary of Federal Home Loan Bank Advances
A summary of FHLB advances follows:
 
   
As of December 31,
 
   
2020
   
2019
 
   
Rate
  
Amount
   
Rate
  
Amount
 
   
(dollars in thousands)
        
Fixed rate,
COVID-19
Relief Advance, maturing May 2021
   0.00 $4,000    N/A  $—   
Fixed rate, fixed term advance, maturing July 2021
   1.41  7,000    1.41  7,000 
Fixed rate, fixed term advance, maturing February 2022
   1.62  6,500    N/A   —   
Fixed rate, fixed term advance, maturing February 2023
   1.62  6,500    N/A   —   
Putable advance, maturing October 2029 first option date Nov 2020
   1.03  10,000    1.03  10,000 
Putable advance, maturing February 2030 first option date Feb 2023
   0.98  5,000    N/A   —   
Putable advance, maturing March 2030 first option date March 2025
   0.89  10,000    N/A   —   
Advance structured note, payments due monthly, maturing February 2030
   7.47  584    7.47  623 
Advance structured note, payments due monthly, maturing April 2030
   1.05  9,365    N/A   —   
Advance structured note, payments due monthly, maturing May 2030
   1.19  9,449    N/A   —   
       
 
 
       
 
 
 
Total
      $68,398       $17,623 
       
 
 
       
 
 
 
Schedule of Maturities of Federal Home Loan Bank Advances
A summary of the scheduled maturities of FHLB advances follows:
   
December 31, 2020
 
   
Weighted Average
Rate
  
Amount
 
2021
   0.95  12,956 
2022
   1.54  8,481 
2023
   1.54  8,506 
2024
   1.28  2,032 
2025
   1.30  2,059 
Thereafter
   1.07  34,364 
       
 
 
 
Total
      $68,398