Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Rates and maturities on long-term advances and short-term borrowings were as follows:

Average rates of long-term debt, short-term borrowings, and PPPLF advances were as follows:


(dollars in thousands)	At or for the Year Ended December 31,
	2021			2020
Long-term debt
Long-term debt outstanding at end of period	$	12,231		$	27,302
Weighted average rate on outstanding long-term debt	0.82		%	0.61		%
Maximum outstanding long-term debt of any month end	27,296			67,359
Average outstanding long-term debt	23,072			53,615
Approximate average rate paid on long-term debt	0.95		%	2.56		%

Short-term borrowings
Short-term borrowings outstanding at end of period	$	—		$	—
Weighted average rate on short-term borrowings	—		%	—		%
Maximum outstanding short-term borrowings at any month end	—			27,000
Average outstanding short-term borrowings	—			8,156
Approximate average rate paid on short-term borrowings	—		%	1.36		%

PPPLF advances
PPPLF advances outstanding at end of period	$	—		$	—
Weighted average rate on PPPLF advances	—		%	—		%
Maximum outstanding PPPLF advances at any month end	—			127,674
Average outstanding PPPLF advances	—			60,360
Approximate average rate paid on PPPLF advances	—		%	0.35		%

The contractual maturities of long-term debt were as follows at December 31, 2021: