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FHLB Advances and Other Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2020
Advances from Federal Home Loan Banks [Abstract] |
Schedule of Borrowings, Debt and Repurchase Agreements | Information regarding each of these types of borrowings or other indebtedness is as follows:
|  | December 31,
|  | 2020 |  | 2019
Long-term Advances from Federal Home Loan Bank collateralized by qualifying mortgages, investment securities, and mortgage-backed securities |  | $ | 83,000 |  |  | $ | 123,573 |
Term Loans |  | — |  |  | — |
Junior Subordinated Debentures assumed from American Community Bancorp, Inc. |  | 6,075 |  |  | 5,924 |
Junior Subordinated Debentures assumed from River Valley Bancorp, Inc. |  | 5,923 |  |  | 5,818 |
Junior Subordinated Debentures assumed from Citizens First Corporation |  | 4,105 |  |  | 4,040 |
Subordinated Debentures |  | 39,297 |  |  | 39,214 |
Finance Lease Obligation |  | 3,224 |  |  | 3,381 |
Long-term Borrowings |  | 141,624 |  |  | 181,950 |
Overnight Variable Rate Advances from Federal Home Loan Bank collateralized by qualifying mortgages, investment securities, and mortgage-backed securities |  | $ | — |  |  | $ | 124,000 |
Federal Funds Purchased |  | — |  |  | 4,311 |
Repurchase Agreements |  | 52,905 |  |  | 39,425 |
Short-term Borrowings |  | 52,905 |  |  | 167,736 |
Total Borrowings |  | $ | 194,529 |  |  | $ | 349,686 |
Schedule of Repurchase Agreements |
|  | 2020 |  | 2019
Average Daily Balance During the Year |  | $ | 58,000 |  |  | $ | 35,916 |
Average Interest Rate During the Year |  | 0.30 | % |  | 0.56 | %
Maximum Month-end Balance During the Year |  | $ | 73,580 |  |  | $ | 39,425 |
Weighted Average Interest Rate at Year-end |  | 0.10 | % |  | 0.57 | %
Schedule of Principal Payments on Long-Term Borrowings | At December 31, 2020, scheduled principal payments on long-term borrowings, excluding the capitalized lease obligation and acquired subordinated debentures (which are discussed below) are as follows:
2021 |  | $ | 7,918 |
2022 |  | 49,834 |
2023 |  | — |
2024 |  | 24,834 |
2025 |  | — |
Thereafter |  | 39,711 |
Total |  | $ | 122,297 |
Schedule of Issuance of Subordinated Debentures | The following table summarizes the terms of each issuance:
|  | Date of Issuance |  | Issuance Amount |  | Carrying Amount at December 31, 2020 |  | Variable Rate |  | Rate as of December 31, 2020 |  | Rate as of December 31, 2019 |  | Maturity Date
ACB Trust I |  | 5/6/2005 |  | $ | 5,155 |  |  | $ | 3,830 |  |  | 90 day LIBOR + 2.15% |  | 2.40 | % |  | 4.09 | % |  | May 2035
ACB Trust II |  | 7/15/2005 |  | 3,093 |  |  | 2,245 |  |  | 90 day LIBOR + 1.85% |  | 2.06 | % |  | 3.76 | % |  | July 2035
RIVR Statutory Trust 1 |  | 3/26/2003 |  | 7,217 |  |  | 5,923 |  |  | 3-Month LIBOR + 3.15% |  | 3.40 | % |  | 5.10 | % |  | March 2033
Citizens First Statutory Trust I |  | 10/16/2006 |  | 5,155 |  |  | 4,105 |  |  | 3-Month LIBOR +1.65% |  | 1.88 | % |  | 3.75 | % |  | January 2037

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