Borrowings and Borrowings Availability (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt

The following tables present information regarding the Company’s outstanding borrowings at December 31, 2021 and 2020 - dollars are in thousands:

Description – 2021	Due date	Call Feature	2021 Amount		Interest Rate
FHLB Principal Reducing Credit	7/24/2023	None	$	79	1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	952		1.25% fixed
FHLB Principal Reducing Credit	6/26/2028	None	225		0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	44		0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	166		1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	166		1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	342		0.50%fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	20,620		2.83% at 12/31/21 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774		1.59% at 12/31/21 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310		2.12% at 12/31/21 adjustable rate 3 month LIBOR +2.00%
Trust Preferred Securities	9/20/2034	Quarterly by Company beginning 9/20/2009	12,372		2.27% at 12/31/21 adjustable rate 3 month LIBOR + 2.15%
Total borrowings / weighted average rate as of December 31, 2021			71,050		2.24%
Unamortized discount on acquired borrowings			(3,664)
Total borrowings			$	67,386

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 12/31/20 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 12/31/20 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 12/31/20 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