Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2022

Long-Term Debt.

Schedule of long-term debt

	March 31, 2022
						Period End
	Face		Carrying			Interest		Maturity
(dollars in thousands)	Value		Value		Interest Rate	Rate		Date	Call Date
Subordinated notes payable	$	50,000	$	50,000	Fixed	3.50	%	3/30/2031	3/31/2026
Junior subordinated debenture (Trust I)		4,124		3,503	Three-month LIBOR + 3.10%	4.07	%	6/26/2033	6/26/2008
Junior subordinated debenture (Trust II)		6,186		5,256	Three-month LIBOR + 1.80%	2.63	%	9/15/2036	9/15/2011
Finance lease liability		2,700		143	Fixed	7.81	%	10/31/2022	N/A
Total long-term debt	$	63,010	$	58,902

	December 31, 2021
						Period End
	Face		Carrying			Interest		Maturity
(dollars in thousands)	Value		Value		Interest Rate	Rate		Date	Call Date
Subordinated notes payable	$	50,000	$	50,000	Fixed	3.50	%	12/30/2025	12/30/2020
Junior subordinated debenture (Trust I)		4,124		3,492	Three-month LIBOR + 3.10%	3.32	%	6/26/2033	6/26/2008
Junior subordinated debenture (Trust II)		6,186		5,238	Three-month LIBOR + 1.80%	2.00	%	9/15/2036	9/15/2011
Finance lease liability		2,700		203	Fixed	7.81	%	10/31/2022	N/A
Total long-term debt	$	63,010	$	58,933