BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank Borrowings

Advances payable to the Federal Home Loan Bank at December 31, 2020 and 2019 were as follows:

	2020				2019
			Weighted				Weighted
			Average				Average
	Total		Contractual		Total		Contractual
	Outstanding		Rate		Outstanding		Rate
	(Dollars in thousands)
Stated Maturity
2020	$	—	—	%	$	104,976	1.79	%
2021	35,042		1.12	%	10,042		2.95	%
Subtotal	35,042		1.12	%	115,018		1.89	%
Amortizing advances	698				730
Total Federal Home Loan Bank Advances	$	35,740			$	115,748

Schedule of Long-term Borrowings

The following table summarizes long-term debt, net of debt issuances costs, at the dates indicated:

	December 31
	2020		2019
	(Dollars in thousands)
Long term borrowings, net	$	32,773	$	74,906
Junior subordinated debentures
Capital Trust V	51,510		51,507
Central Trust I	5,258		5,258
Central Trust II	6,083		6,083
Subordinated debentures	49,696		49,601
Total long-term debt	$	145,320	$	187,355

Information relating to Trust Preferred Securities [Table Text Block]

Information relating to these trust preferred securities is as follows:

Trust	Description of Capital Securities
Capital Trust V	$50.0 million due in 2037, interest at a variable rate of 3 month LIBOR plus 1.48% (1.70% at December 31, 2020),which, effective on January 17, 2017, has been converted to a fixed rate of 2.84% through the use of an interest rate swap.
Central Trust I	$5.1 million due in 2034, bearing interest at a variable rate of 3 month LIBOR plus 2.44% (2.66% at December 31, 2020). These securities are callable quarterly, until maturity.
Central Trust II	$5.9 million due in 2037, bearing interest at a variable rate of 3 month LIBOR plus 1.65% (1.87% at December 31, 2020). These securities are callable quarterly, until maturity.

Schedule of Maturities of Borrowings

The following table sets forth the contractual maturities of long-term debt over the next five years:

	2021		2022		2023		2024		2025		Thereafter		Total
	(Dollars in thousands)
Long term borrowings	$	18,750	$	14,023	$	—	$	—	$	—	$	—	$	32,773
Junior subordinated debentures
Capital trust V	—		—		—		—		—		51,547		51,547
Central trust I	—		—		—		—		—		5,258		5,258
Central trust II	—		—		—		—		—		6,083		6,083
Subordinated debentures	—		—		—		—		—		50,000		50,000
Total (1)	$	18,750	$	14,023	$	—	$	—	$	—	$	112,888	$	145,661

(1)Amounts in this table are presented on a gross basis, and do not include the capitalized issuance costs as presented in the Company's Consolidated Balance Sheet.