Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The following tables present information regarding the Company’s outstanding borrowings at September 30, 2022 and December 31, 2021 (dollars in thousands).

Description	Due date	Call Feature	September 30, 2022		Interest Rate
FHLB Principal Reducing Credit	7/24/2023	None	$	44	1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	922		1.25% fixed
FHLB Principal Reducing Credit	6/26/2028	None	216		0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	39		0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	161		1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	161		1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	332		0.50% fixed
FHLB Daily Rate Credit	8/23/2023	None	34,000		3.32% fixed
FHLB Fixed Rate Credit	10/27/2022	None	50,000		3.11% fixed
FHLB Fixed Rate Credit	10/13/2022	None	75,000		3.03% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	10,310		5.43% at 9/30/22 adjustable rate 3 month LIBOR + 2.65%
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	10,310		5.53% at 9/30/22 adjustable rate  3 month LIBOR + 2.75%
Trust Preferred Securities	9/20/2034	Quarterly by Company beginning 9/20/2009	12,372		5.68% at 9/30/22 adjustable rate 3 month LIBOR + 2.15%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310		4.51% at 9/30/22 adjustable rate 3 month LIBOR + 2.00%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774		4.68% at 9/30/22 adjustable rate 3 month LIBOR + 1.39%
Total borrowings / weighted average rate as of September 30, 2022			229,951		3.69%
Unamortized discount on acquired borrowings			(3,475)
Total borrowings			$	226,476

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	10,310		2.78% at 12/31/21 adjustable rate 3 month LIBOR + 2.65%
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	10,310		2.88% at 12/31/21 adjustable rate 3 month LIBOR + 2.75%
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%
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	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%
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