XML 39 R22.htm IDEA: XBRL DOCUMENT
v3.22.0.1

SHORT-TERM BORROWINGS | 12 Months Ended
--- | ---
Dec. 31, 2021
Debt Disclosure [Abstract] |
SHORT-TERM BORROWINGS | SHORT-TERM BORROWINGS The Company has short-term borrowing capability from the FHLB, federal funds purchased and the FRB discount window. The following table summarizes these short-term borrowings at and for the years ended December 31, 2021, 2020 and 2019. At December 31, 2021, short-term borrowings were zero due to repayments and maturities of overnight borrowings.
| 2021 |  | 2020 |  | 2019
Balance at year-end | $ | — |  |  | $ | 55,729 |  |  | $ | 146,600 |
Weighted average interest rate at year-end | — | % |  | 0.41 | % |  | 1.87 | %
Average balance during the year | $ | 38,546 |  |  | $ | 138,310 |  |  | $ | 23,171 |
Average interest rate during the year | 0.33 | % |  | 0.67 | % |  | 2.20 | %
Maximum month-end balance during the year | $ | 55,729 |  |  | $ | 178,729 |  |  | $ | 146,600 |
The Company also enters into borrowing arrangements with certain of its deposit clients by agreements to repurchase ("repurchase agreements") under which the Company pledges investment securities owned and under its control as collateral against the borrowing arrangement, which generally matures within one day from the transaction date. The Company is required to hold U.S. Treasury, U.S. Agency or U.S. GSE securities as underlying securities for repurchase agreements. The following table provides additional details for repurchase agreements at and for the years ended December 31, 2021, 2020 and 2019.
| 2021 |  | 2020 |  | 2019
Balance at year-end | $ | 23,301 |  |  | $ | 19,466 |  |  | $ | 8,269 |
Weighted average interest rate at year-end | 0.11 | % |  | 0.23 | % |  | 1.31 | %
Average balance during the year | $ | 22,888 |  |  | $ | 18,064 |  |  | $ | 8,830 |
Average interest rate during the year | 0.14 | % |  | 0.47 | % |  | 1.28 | %
Maximum month-end balance during the year | $ | 27,595 |  |  | $ | 24,403 |  |  | $ | 12,774 |
Fair value of securities underlying the agreements at year-end | 32,662 |  |  | 29,477 |  |  | 13,062 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration