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BORROWED FUNDS (Tables)
12 Months Ended
Dec. 31, 2021
BORROWED FUNDS  
Schedule of Borrowed Funds

December 31, 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

 

19,802

 

0.17

 

27,779

 

0.15

Total short-term borrowings

 

94,802

 

0.21

 

93,455

 

0.44

Long-term borrowings

 

  

 

  

 

  

 

  

Advances from the FHLB

 

23,598

 

1.08

 

182,607

 

1.73

Subordinated borrowings

 

60,124

 

4.34

 

59,961

 

4.34

Total long-term borrowings

 

83,722

 

3.42

 

242,568

 

2.37

Total

$

178,524

 

0.91

%  

$

336,023

 

1.41

%

Summary of Maturities of FHLB Advances

    

    

Weighted Average

 

(in thousands, except rates)

Amount

 Rate

 

2022

$

75,000

 

0.30

%

2023

 

 

2024

 

1,000

 

2025

 

2,300

 

2026

 

20,000

 

1.21

2027 and thereafter

 

298

 

4.20

Total FHLB advances

$

98,598

 

0.49

%

Schedule of Repurchase Agreements

    

December 31,    

(in thousands)

2021

2020

Customer Repurchase Agreements

 

  

 

  

US Government-sponsored enterprises

$

19,802

$

27,779

Total

$

19,802

$

27,779