Borrowings and Borrowings Availability (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

The following tables present information regarding the Company’s outstanding borrowings at December 31, 2020 and 2019 - dollars are in thousands:

Description – 2020	Due date	Call Feature	2020 Amount		Interest Rate
FHLB Principal Reducing Credit	7/24/2023	None	124		1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	991		1.25% fixed
FHLB Principal Reducing Credit	1/15/2026	None	5,500		1.98% fixed
FHLB Principal Reducing Credit	6/26/2028	None	235		0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	49		0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	174		1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	174		1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	355		0.50% fixed
Other Borrowing	4/7/2022	None	103		1.00% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	20,620		2.91% at 12/31/2020 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774		1.61% at 12/31/2020 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310		2.24% at 12/31/2020 adjustable rate 3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2020			$	64,409	2.22%
Unamortized discount on acquired borrowings			(2,580)
Total borrowings			$	61,829

Description – 2019	Due date	Call Feature	2019 Amount		Interest Rate
FHLB Term Note	1/30/2020	None	$	100,000	1.70% fixed
FHLB Term Note	1/31/2020	None	68,000		1.70% fixed
FHLB Term Note	1/31/2020	None	30,000		1.70% fixed
FHLB Term Note	5/29/2020	None	40,000		1.62% fixed
FHLB Principal Reducing Credit	7/24/2023	None	168		1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	1,029		1.25% fixed
FHLB Principal Reducing Credit	1/15/2026	None	6,500		1.98% fixed
FHLB Principal Reducing Credit	6/26/2028	None	245		0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	55		0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	181		1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	181		1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	367		0.50% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	20,620		4.64% at 12/31/2019 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774		3.28% at 12/31/2019 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310		3.99% at 12/31/2019 adjustable rate 3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2019			$	303,430	2.68%
Unamortized discount on acquired borrowings			(2,759)
Total borrowings			$	300,671