XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
BORROWINGS (Tables)
9 Months Ended
Sep. 30, 2022
BORROWINGS  
Schedule of Borrowings

Borrowings consisted of the following as of September 30, 2022 and December 31, 2021.

​

​

​

​

​

​

​

​

(Dollars in thousands)

​

September 30, 

​

December 31, 

​

    

2022

    

2021

Securities sold under agreements to repurchase

​

$

6,869

​

$

4,227

Overnight advances with FHLB

​

 

9,000

​

 

—

Short-term debt with FHLB

​

​

20,000

​

​

—

Long-term debt with FHLB

​

 

20,000

​

 

20,000

​

​

$

55,869

​

$

24,227

Scheduled Maturities of Long-Term Debt

Long-term debt is comprised only of Federal Home Loan Bank (“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, 2022.

​

​

​

​

​

​

​

​

(Dollars in thousands)

​

Scheduled

​

Weighted Average

​

Year

    

Maturities

    

Interest Rate

​

2022

​

$

—

​

—

%

2023

​

​

—

​

—

​

2024

​

​

15,000

 

2.29

​

2025

 

​

5,000

 

2.41

​

2026

 

​

—

 

—

​

Thereafter

​

​

—

​

—

​

​

​

$

20,000

 

2.32

%