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BORROWED FUNDS (Tables)
6 Months Ended
Jun. 30, 2022
BORROWED FUNDS  
Schedule of Borrowed Funds

June 30, 2022

December 31, 2021

 

Weighted

Weighted

(dollars in thousands)

    

Carrying Value

    

Average Rate

Carrying Value

    

Average Rate

 

Short-term borrowings

  

  

  

  

 

Advances from the FHLB

$

96,000

 

1.22

%  

$

75,000

 

0.30

%

Other borrowings

 

18,754

 

0.12

 

19,802

 

0.17

Total short-term borrowings

 

114,754

 

0.43

 

94,802

 

0.21

Long-term borrowings

 

  

 

  

 

  

 

  

Advances from the FHLB

 

2,593

 

0.20

 

23,598

 

1.08

Subordinated borrowings

 

60,206

 

4.70

 

60,124

 

4.34

Total long-term borrowings

 

62,799

 

4.51

 

83,722

 

3.42

Total

$

177,553

 

1.07

%  

$

178,524

 

0.91

%

Summary of Maturities of FHLB Advances

    

    

Weighted Average

 

(in thousands, except rates)

Amount

 Rate

 

2022

$

95,000

 

1.23

%

2023

 

1,000

 

2024

 

2,300

 

2025

 

 

2026

 

 

2027 and thereafter

 

293

 

1.82

Total FHLB advances

$

98,593

 

1.19

%

Schedule of Repurchase Agreements

(in thousands)

June 30, 2022

December 31, 2021

Customer Repurchase Agreements

 

  

 

  

US Government-sponsored enterprises

$

18,754

$

19,802

Total

$

18,754

$

19,802