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BORROWED FUNDS (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds

September 30, 2021

December 31, 2020

 

Weighted

Weighted

(dollars in thousands)

    

Carrying Value

    

Average Rate

Carrying Value

    

Average Rate

 

Short-term borrowings

  

  

  

  

 

Advances from the FHLB

$

75,000

 

0.30

%  

$

65,676

 

1.19

%

Other borrowings

 

21,667

 

0.13

 

27,779

 

0.15

Total short-term borrowings

 

96,667

 

0.18

 

93,455

 

0.44

Long-term borrowings

 

  

 

  

 

  

 

  

Advances from the FHLB

 

93,600

 

1.57

 

182,607

 

1.73

Subordinated borrowings

 

60,083

 

4.34

 

59,961

 

4.34

Total long-term borrowings

 

153,683

 

2.65

 

242,568

 

2.37

Total

$

250,350

 

1.06

%  

$

336,023

 

1.41

%

Summary of Maturities of FHLB Advances

    

    

Weighted Average

 

(in thousands, except rates)

Amount

 Rate

 

2021

$

75,000

 

0.30

%

2022

 

15,000

 

1.76

2023

 

51,000

 

1.71

2024

 

7,300

 

1.16

2025

 

20,000

 

1.21

2026 and thereafter

 

300

 

3.39

Total FHLB advances

$

168,600

 

1.01

%