Borrowed Funds and Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2021

Borrowed Funds and Subordinated Debentures [Abstract]

Schedule of Debt

The following table presents the period-end and average balances of borrowed funds and subordinated debentures for the past three years with resultant rates:

	2021				2020				2019
(In thousands)	Amount		Rate		Amount		Rate		Amount		Rate
FHLB borrowings and repurchase agreements:
At December 31,	$	40,000	1.81	%	$	200,000	0.77	%	$	283,000	1.74	%
Year-to-date average		58,502	1.50			101,954	1.49			103,201	1.85
Maximum outstanding		195,000				270,000				283,000
Subordinated debentures:
At December 31,	$	10,310	1.69	%	$	10,310	3.33	%	$	10,310	3.33	%
Year-to-date average		10,310	2.46			10,310	3.33			10,310	3.50
Maximum outstanding		10,310				10,310				10,310

Schedule of Maturities of Term Debt

The following table presents the expected maturities of borrowed funds and subordinated debentures over the next five years:

(In thousands)	2022		2023		2024		2025		2026		Thereafter		Total
FHLB borrowings	$	—	$	—	$	40,000	$	—	$	—	$	—	$	40,000
Subordinated debentures		—		—		—		—		—		10,310		10,310
Total borrowings	$	—	$	—	$	40,000	$	—	$	—	$	10,310	$	50,310

Summary of Interest Rate Swaps

(In thousands, except percentages and years)	December 31, 2021			December 31, 2020
Notional amount	$	40,000		$	80,000
Fair value	$	408		$	(1,026)
Weighted average pay rate		0.98	%		1.19	%
Weighted average receive rate		0.19	%		0.89	%
Weighted average maturity in years		2.37			2.20
Number of contracts		2			5