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BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Federal Home Loan Bank Borrowings | Advances payable to the Federal Home Loan Bank as of December 31 of the years below are summarized as follows:
|  | 2019 |  | 2018
|  |  |  | Weighted |  |  |  | Weighted
|  |  |  | Average |  |  |  | Average
|  | Total |  | Contractual |  | Total |  | Contractual
|  | Outstanding |  | Rate |  | Outstanding |  | Rate
|  | (Dollars in thousands)
Stated Maturity |  |  |  |  |  |  |  |
2019 |  | $ | — |  |  | — | % |  | $ | 147,046 |  |  | 2.68 | %
2020 |  | 104,976 |  |  | 1.79 | % |  | — |  |  | — | %
2021 |  | 10,042 |  |  | 2.95 | % |  | — |  |  | — | %
Subtotal |  | 115,018 |  |  | 1.89 | % |  | 147,046 |  |  | 2.68 | %
Amortizing advances |  | 730 |  |  |  |  | 760 |  |  |
Total Federal Home Loan Bank Advances |  | $ | 115,748 |  |  |  |  | $ | 147,806 |  |  |
Schedule of Long-term Borrowings | The following table summarizes long-term debt, net of debt issuances costs, as of the dates indicated:
| December 31
| 2019 |  | 2018
| (Dollars in thousands)
Long term borrowings, net | $ | 74,906 |  |  | $ | — |
Junior subordinated debentures |  |  |
Capital Trust V | 51,507 |  |  | 51,505 |
Slades Ferry Trust I | — |  |  | 10,234 |
Central Trust I | 5,258 |  |  | 5,258 |
Central Trust II | 6,083 |  |  | 6,083 |
East Main Street Trust | — |  |  | 3,093 |
Subordinated debentures | 49,601 |  |  | 34,728 |
Total long-term debt | $ | 187,355 |  |  | $ | 110,901 |
Information relating to Trust Preferred Securities [Table Text Block] | Information relating to these trust preferred securities is as follows:
Trust | Description of Capital Securities
Capital Trust V | $50.0 million due in 2037, interest at a variable rate of 3 month LIBOR plus 1.48% (3.37% at December 31, 2019),which, effective on January 17, 2017, has been converted to a fixed rate of 2.84% through the use of an interest rate swap.
Central Trust I | $5.1 million due in 2034, bearing interest at a variable rate of 3 month LIBOR plus 2.44% (4.33% at December 31, 2019). These securities are callable quarterly, until maturity.
Central Trust II | $5.9 million due in 2037, bearing interest at a variable rate of 3 month LIBOR plus 1.65% (3.54% at December 31, 2019). These securities are callable quarterly, until maturity.
Schedule of Maturities of Borrowings | The following table sets forth the contractual maturities of long-term debt over the next five years:
|  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Thereafter |  | Total
|  | (Dollars in thousands)
Long term borrowings |  | $ | — |  |  | $ | — |  |  | $ | 75,000 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 75,000 |
Junior subordinated debentures |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital trust V |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 51,547 |  |  | 51,547 |
Central trust I |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,258 |  |  | 5,258 |
Central trust II |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,083 |  |  | 6,083 |
Subordinated debentures |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 50,000 |  |  | 50,000 |
Total (1) |  | $ | — |  |  | $ | — |  |  | $ | 75,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 112,888 |  |  | $ | 187,888 |
(1) Amounts in this table are presented on a gross basis, and do not include the capitalized issuance costs as presented in the Company's Consolidated Balance Sheet.

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