Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2021

Federal Home Loan Banks [Abstract]

Federal Home Loan Bank, Advances

Borrowed funds were comprised of the following:

	As of December 31,
	2021		2020
	(In thousands)
FHLB advances	$	14,020	$	14,624
Escrow deposits of borrowers	20,258		13,425
Total borrowed funds	$	34,278	$	28,049

Interest expense on borrowed funds was as follows:

	For the Year Ended December 31,
	2021		2020		2019
	(In thousands)
Federal funds purchased	$	—	$	570	$	3,976
Federal Home Loan Bank advances	163		190		2,406
Escrow deposits of borrowers	2		2		4
Interest rate swap collateral funds	—		—		66
Total interest expense on borrowed funds	$	165	$	762	$	6,452

A summary of FHLBB advances, by maturities were as follows:

	As of December 31,
	2021				2020
	Amount		Weighted Average Interest Rate		Amount		Weighted Average Interest Rate
	(Dollars in thousands)
Within one year	$	17	0.14	%	$	—	—	%
Over one year to three years	1,488		0.32	%	1,412		0.22	%
Over three years to five years	2,854		1.10	%	2,309		1.31	%
Over five years	9,661		1.24	%	10,903		1.22	%
Total Federal Home Loan Bank advances	$	14,020	1.11	%	$	14,624	1.14	%