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Borrowed Funds
 12 Months Ended
Dec. 31, 2021
Borrowed Funds [Abstract]  
Borrowed Funds Borrowed Funds
Borrowed funds may consist of Discount Window borrowings from the FRB, advances from the FHLB and securities sold under agreements to repurchase with municipal and commercial customers. Pursuant to collateral agreements, FHLB advances are collateralized by all stock in FHLB, qualifying first mortgage loans, U.S. Government and Agency securities not pledged to others, and funds on deposit with FHLB. All FHLB advances as of December 31, 2021 had fixed rates of interest until their respective maturity dates. Securities sold under agreements to repurchase include U.S. agencies securities and other securities. Repurchase agreements have maturity dates ranging from one to three days. The Bank also has in place $76,000,000 in credit lines with correspondent banks and a credit facility of $139,000,000 with the Federal Reserve Bank of Boston using commercial and home equity loans as collateral. Of the correspondent bank and FRB credit lines, none were in use as of December 31, 2021.

Borrowed funds at December 31, 2021 and 2020 have the following range of interest rates and maturity dates:
As of December 31, 2021
Federal Home Loan Bank Advances
2022
0.00%
$— 
20230.00%— 
20240.00%90,000 
2025
1.35% - 1.40%
55,000,000 
2026 and thereafter0.00%— 
55,090,000 
Repurchase agreements
Municipal and commercial customers
0.05% - 2.00%
81,252,000 
$136,342,000 
As of December 31, 2020
Federal Home Loan Bank Advances and Federal Reserve Bank Borrowings
2021
0.00% - 1.55%
$137,600,000 
20220.00%— 
20230.00%— 
20240.00%98,000 
2025
1.35% - 1.40%
55,000,000 
2026 and thereafter0.00%— 
192,698,000 
Repurchase agreements
Municipal and commercial customers
0.10% - 2.00%
69,340,000 
$262,038,000