Short-term Borrowings	9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]
Short-term Borrowings	Short-term borrowings: The Company had no securities sold under repurchase agreements at September 30, 2021 and $2.2 million in securities sold under repurchase agreements at December 31, 2020. In addition, the Company had a $350,000 balance on a line of credit with one lending institution at December 31, 2020. There was no balance on this line at September 30, 2021. Securities sold under repurchase agreements are secured by the Bank’s holdings of debt securities issued by U.S. Government sponsored entities and agencies. These pledged securities which are 105% of the repurchase agreement balances, had a carrying amount of $2.3 million at December 31, 2020.

Short-term Borrowings

9 Months Ended

Sep. 30, 2021

Short-term borrowings:

The Company had no securities sold under repurchase agreements at September 30, 2021 and $2.2 million in securities sold under repurchase agreements at December 31, 2020. In addition, the Company had a $350,000 balance on a line of credit with one lending institution at December 31, 2020. There was no balance on this line at September 30, 2021.

Securities sold under repurchase agreements are secured by the Bank’s holdings of debt securities issued by U.S. Government sponsored entities and agencies. These pledged securities which are 105% of the repurchase agreement balances, had a carrying amount of $2.3 million at December 31, 2020.