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Borrowings (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Short-Term Borrowings The outstanding balances and related information for short-term borrowings are summarized as follows:

 

(Dollars in thousands)

 

2021

 

 

 

2020

 

 

Balance at year-end

 

$

36,530

 

 

 

$

37,215

 

 

Average balance outstanding

 

 

38,680

 

 

 

 

43,017

 

 

Maximum month-end balance

 

 

39,665

 

 

 

 

48,865

 

 

Weighted-average rate at year-end

 

 

0.12

 

%

 

 

0.14

 

%

Weighted-average rate during the year

 

 

0.14

 

 

 

 

0.21

 

 

 

Summary of Collateral Pledged to Secure Repurchase Agreements Accounted for as Secured Borrowings

The following table provides additional detail regarding the collateral pledged to secure repurchase agreements accounted for as secured borrowings:

 

 

 

Remaining Contractual Maturity

Overnight and Continuous

 

(Dollars in thousands)

 

December 31,

2021

 

 

December 31,

2020

 

Securities of U.S. Government agencies and mortgage-backed securities of

   government agencies pledged, fair value

 

$

36,737

 

 

$

37,393

 

Repurchase agreements

 

 

36,530

 

 

 

37,215

 

Concerning of Other Borrowings

The following table sets forth information concerning other borrowings:

 

 

 

Maturity Range

 

Weighted

Average

Interest

 

 

Stated Interest

Rate Range

 

 

At December 31,

 

(Dollars in thousands)

 

From

 

To

 

Rate

 

 

From

 

 

To

 

 

2021

 

 

2020

 

Fixed-rate amortizing

 

4/1/24

 

6/1/37

 

 

1.92

%

 

 

1.16

%

 

 

2.01

%

 

$

3,407

 

 

$

4,664

 

 

 

Schedule of Maturities of Other Borrowings

Maturities of other borrowings on December 31, 2021, are summarized as follows for the years ended December 31:

 

(Dollars in thousands)

 

Amount

 

 

Weighted

Average

Rate

 

 

2022

 

 

946

 

 

 

1.86

 

%

2023

 

 

707

 

 

 

1.87

 

 

2024

 

 

488

 

 

 

1.94

 

 

2025

 

 

349

 

 

 

1.98

 

 

2026

 

 

262

 

 

 

1.98

 

 

2027 and beyond

 

 

655

 

 

 

1.99

 

 

 

 

$

3,407

 

 

 

1.92

 

%