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BORROWINGS
12 Months Ended
Dec. 31, 2021
Federal Home Loan Banks [Abstract]  
BORROWINGS BORROWINGS:The Company borrows funds through advances from the Des Moines FHLB. FHLB advances totaled $41 million and $302 million as of December 31, 2021 and 2020, respectively. The $41 million of FHLB advances outstanding at December 31, 2021 matured in the first quarter of 2022. Weighted-average interest rates on the advances were 0.30% and 0.32% at December 31, 2021 and 2020, respectively. As of December 31, 2021 and 2020, the Company held $10.4 million and $20.3 million, respectively, of FHLB stock.At December 31, 2021 and 2020, we had no federal funds purchased and securities sold under agreements to repurchase. At December 31, 2021 and 2020, there were zero and $20.8 million in outstanding borrowings from the FRBSF, respectively, which bore interest of 0.25% at 2020