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BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds at December 31, 2022 and 2021 are summarized, as follows:
 20222021
(in thousands, except rates)PrincipalWeighted
Average
Rate
PrincipalWeighted
Average
Rate
Short-term borrowings:    
Advances from the FHLBB$— — %$— — %
Total short-term borrowings:— — — — 
Long-term borrowings:    
Advances from the FHLBB4,445 0.71 13,331 1.75 
Subordinated notes98,089 5.50 74,590 7.00 
Junior subordinated borrowing - Trust I15,464 6.54 15,464 2.01 
Junior subordinated borrowing - Trust II7,511 6.47 7,459 1.90 
Total long-term borrowings:125,509 5.52 110,844 5.33 
Total$125,509 5.52 %$110,844 5.33 %
Schedule of Maturities of FHLBB Advances
A summary of maturities of FHLBB advances at year-end 2022 is as follows:
 2022
(In thousands)AmountWeighted
Average Rate
Fixed rate advances maturing:  
2023$— — %
202425 — 
2025— — 
2026557 2.20 
2027 and beyond3,863 0.50 
Total FHLBB advances$4,445 0.71 %