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Borrowings (Tables)
12 Months Ended
Dec. 31, 2021
Borrowings  
Summary of borrowings and junior subordinated debentures

The following table is a summary of borrowings as of December 31, 2021 and 2020:

    

2021

    

2020

  

Securities sold under repurchase agreements

$

50,337

$

66,980

Junior subordinated debentures1

25,773

25,773

Subordinated debentures

59,212

-

Senior notes

44,480

44,375

Notes payable and other borrowings

19,074

23,393

Total borrowings

$

198,876

$

160,521

1 See Note 10: Junior Subordinated Debentures, below.

Summary of scheduled maturities and weighted average rates of borrowings

2021

2020

 

Weighted

Weighted

 

Average

Average

 

    

Balance

    

Rate

    

Balance

    

Rate

 

2021

$

-

 

-

$

70,980

0.46

%  

2022

58,337

0.37

%

4,000

 

1.91

2023

 

9,000

 

1.85

 

9,000

 

1.91

2024

 

-

 

-

 

-

-

2025

 

-

 

-

 

-

 

-

2026

 

46,554

 

5.88

 

-

 

-

Thereafter

 

84,985

 

3.89

 

76,541

 

5.24

Total borrowings

$

198,876

 

3.23

%  

$

160,521

 

2.86

%