Borrowings (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The following tables present information regarding the Company’s outstanding borrowings at March 31, 2022 and December 31, 2021 (dollars are in thousands):

Description	Due date	Call Feature	March 31, 2022		Interest Rate
FHLB Principal Reducing Credit	7/24/2023	None	$	68	1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	942		1.25% fixed
FHLB Principal Reducing Credit	6/26/2028	None	222		0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	42		0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	164		1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	164		1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	339		0.50% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	20,620		3.00% at 03/31/22 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774		2.22% at 03/31/22 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 03/31/22 adjustable rate 3 month LIBOR + 2.00%
Trust Preferred Securities	9/20/2034	Quarterly by Company beginning 9/20/2009	12,372		3.08% at 03/31/22 adjustable rate 3 month LIBOR + 2.15%
Total borrowings / weighted average rate as of March 31, 2022			$	71,017	2.56%
Unamortized discount on acquired borrowings			(3,602)
Total borrowings			$	67,415

Description	Due date	Call Feature	December 31, 2021		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		2.72% 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