Borrowings and Borrowings Availability (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt

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

Description – 2022	Due date	Call Feature	2022 Amount		Interest Rate
FHLB Principal Reducing Credit	7/24/2023	None	$	32	1.00% fixed
FHLB Principal Reducing Credit	12/22/2023	None	912		1.25% fixed
FHLB Principal Reducing Credit	6/26/2028	None	214		0.25% fixed
FHLB Principal Reducing Credit	7/17/2028	None	38		0.00% fixed
FHLB Principal Reducing Credit	8/18/2028	None	158		1.00% fixed
FHLB Principal Reducing Credit	8/22/2028	None	159		1.00% fixed
FHLB Principal Reducing Credit	12/20/2028	None	329		0.50% fixed
FHLB Daily Rate Credit	8/23/2023	None	40,000		4.57% fixed
FHLB Fixed Rate Credit	1/9/2023	None	50,000		4.15% fixed
FHLB Fixed Rate Credit	2/9/2023	None	50,000		4.35% fixed
FHLB Fixed Rate Credit	2/1/2023	None	80,000		4.25% fixed
Trust Preferred Securities	1/23/2034	Quarterly by Company beginning 1/23/2009	20,620		7.12% at 12/31/22 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities	6/15/2036	Quarterly by Company beginning 6/15/2011	25,774		6.16% at 12/31/22 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities	1/7/2035	Quarterly by Company beginning 1/7/2010	10,310		6.08% at 12/31/22 adjustable rate 3 month LIBOR +2.00%
Trust Preferred Securities	9/20/2034	Quarterly by Company beginning 9/20/2009	12,372		6.90% at 12/31/22 adjustable rate 3 month LIBOR + 2.15%
Total borrowings / weighted average rate as of December 31, 2022			290,918		4.82%
Unamortized discount on acquired borrowings			(3,411)
Total borrowings			$	287,507

The following table presents information regarding the Company’s outstanding borrowings at December 31, 2021 (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		2.91% 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%
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