BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank Borrowings

Advances payable to the Federal Home Loan Bank at December 31, 2021 and 2020 were as follows:

	2021				2020
			Weighted				Weighted
			Average				Average
	Total		Contractual		Total		Contractual
	Outstanding		Rate		Outstanding		Rate
	(Dollars in thousands)
Stated Maturity
2021	$	—	—	%	$	35,042	1.12	%
2022	25,000		0.34	%	—		—	%
Subtotal	25,000		0.34	%	35,042		1.12	%
Amortizing advances	667				698
Total Federal Home Loan Bank Advances	$	25,667			$	35,740

Schedule of Long-term Borrowings

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

	December 31
	2021		2020
	(Dollars in thousands)
Long term borrowings, net	$	14,063	$	32,773
Junior subordinated debentures
Capital Trust V	51,512		51,510
Central Trust I	5,258		5,258
Central Trust II	6,083		6,083
Subordinated debentures	49,791		49,696
Total long-term debt	$	126,707	$	145,320

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, 2021).
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, 2021). 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, 2021). 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:

	2022		2023		2024		2025		2026		Thereafter		Total
	(Dollars in thousands)
Long term borrowings	$	14,063	$	—	$	—	$	—	$	—	$	—	$	14,063
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)	$	14,063	$	—	$	—	$	—	$	—	$	112,888	$	126,951

(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.