Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Short term and Long term Borrowings and Subordinated Debentures

The following table summarizes the Company's short-term borrowings, long-term borrowings and subordinated debentures as presented on the consolidated statements of condition for the dates indicated:


	December 31, 2021				Contractual Maturity												December 31, 2020
(Dollars in thousands)	Outstanding Balance		Weighted Average Contractual Rate		2022		2023		2024		2025		2026		Thereafter		Outstanding Balance		Weighted Average Contractual Rate
Short-Term Borrowings:
Customer repurchase agreements	$	211,608	0.25	%	$	211,608	$	—	$	—	$	—	$	—	$	—	$	162,439	0.34	%
FHLBB and correspondent bank overnight borrowings	—		—		—		—		—		—		—		—		—		—

Total short-term borrowings	$	211,608	0.25	%	$	211,608	$	—	$	—	$	—	$	—	$	—	$	162,439	0.34	%
Long-Term Borrowings:
FHLBB borrowings	$	—	—	%	$	—	$	—	$	—	$	—	$	—	$	—	$	25,000	0.98	%
Total long-term borrowings	$	—	—	%	$	—	$	—	$	—			$	—	$	—	$	25,000	0.98	%
Subordinated Debentures:
Subordinated debentures	$	—	—	%	$	—	$	—	$	—	$	—	$	—	$	—	$	15,000	5.50	%
CCTA(1)	36,083		5.50	%	—		—		—		—		—		36,083		36,083		5.50	%
UBCT(1)	8,248		5.48	%	—		—		—		—		—		8,248		8,248		5.48	%
Total subordinated debentures	$	44,331	5.50	%	$	—	$	—	$	—	$	—	$	—	$	44,331	$	59,331	5.50	%

(1) The Company has interest rate swap contracts on certain borrowings. Refer to Note 12 for further discussion of derivative instruments.

Schedule of Federal Home Loan Bank Advances

The terms of the Company's outstanding FHLBB borrowings, including overnight funding, were as follows as of the dates indicated:


	December 31,
(Dollars in thousands)	2021				2020
Stated Maturity	Outstanding Balance		Weighted Average Contractual Rate		Outstanding Balance		Weighted Average Contractual Rate
March 2025	$	—	—	%	$	25,000	0.98	%
Total	$	—			$	25,000