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LONG-TERM DEBT
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
LONG-TERM DEBT LONG-TERM DEBT
The following table presents components of the Company’s long-term debt at December 31, 2021, and 2020.
 
 AmountWeighted Average rate
2021202020212020
Total FHLB amortizing advance requiring monthly principal and interest payments, maturing:
2025$1,896 $2,316 4.74 %4.74 %

There were no new long term borrowings in 2021, and during the year ended December 31, 2020, $20,000,000 of borrowings was prepaid and $40,350,000 of borrowings matured.
The following table summarizes the future annual principal payments required on these borrowings at December 31, 2021.
2022$441 
2023462 
2024485 
2025508 
2026— 
Thereafter— 
$1,896 
The Bank is a member of the FHLB of Pittsburgh and has access to the FHLB program of overnight and term advances. Under terms of a blanket collateral agreement for advances, lines and letters of credit from the FHLB, collateral for all outstanding advances, lines and letters of credit consisted of 1-4 family mortgage loans and other real estate secured loans
totaling $873.1 million at December 31, 2021. The Bank had additional availability of $814.1 million at the FHLB on December 31, 2021 based on its qualifying collateral, net of short-term borrowings and long-term debt detailed above, deposit letters of credit totaling $56.0 million and non-deposit letters of credit totaling $1.1 million at December 31, 2021.
At December 31, 2021 and 2020, the Company had availability under FHLB lines totaling $150.0 million and $94.3 million, respectively.
The Bank has available unsecured lines of credit, with interest based on the daily Federal Funds rate, with two correspondent banks totaling $30.0 million, at December 31, 2021. There were no borrowings under these lines of credit at December 31, 2021 and 2020.