Borrowings

9 Months Ended

Sep. 30, 2021

Borrowings [Abstract]

Borrowings

8. BORROWINGS

Borrowings consisted of the following as of September 30, 2021 and December 31, 2020.

(Dollars in thousands)	September 30,		December 31,
	2021		2020
Securities sold under agreements to repurchase	$	4,804	$	4,750
Short-term debt with FHLB		—		20,000
Federal Reserve Bank advances		—		27,955
Long-term debt with FHLB		35,000		35,000
	$	39,804	$	87,705

Long-term debt is comprised only of FHLB advances with an original maturity of one year or more. The following table summarizes the scheduled maturities of long-term debt as of September 30, 2021.

(Dollars in thousands)	Scheduled		Weighted Average
Year	Maturities		Interest Rate
2021	$	—	—	%
2022		—	—
2023		—	—
2024		20,000	2.42
2025		15,000	2.41
Thereafter		—	—
	$	35,000	2.42	%