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Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Schedule of Short-Term Borrowings:

			2021						2020
Balances at December 31:
Securities Sold Under Agreements to Repurchase			—						17,486
Total Short-Term Borrowings			$	—					$	17,486
Maximum Borrowing Capacity at December 31:
Federal Funds Purchased			$	52,000					$	52,000
Federal Home Loan Bank of New York			778,902						859,592
Federal Reserve Bank of New York			594,034						610,643

Schedule of Financial Instruments Owned and Pledged as Collateral

Investment securities with a fair value of $19.2 million were pledged as collateral for the securities sold under agreements to repurchase at December 31, 2020. No such investment securities were pledged as collateral at December 31, 2021. See the table below:

			2021						2020
Balances at December 31:
Mortgage-Backed Securities			—						19,189
Total Pledged Collateral for Repo Accounts			$	—					$	19,189

Schedule of Maturities of Long-term Debt

Maturity Schedule of FHLBNY Term Advances:

						Balances												Weighted Average Rate
Final Maturity						2021						2020						2021						2020
First Year						$	5,000					$	—					1.81		%				—		%
Second Year						20,000						5,000						1.75		%				1.81		%
Third Year						20,000						20,000						1.76		%				1.75		%
Fourth Year						—						20,000						—		%				1.76		%
Fifth Year						—						—						—		%				—		%
Total						$	45,000					$	45,000					1.77		%				1.77		%

Schedule of Long-term Debt Instruments

Schedule of Guaranteed Preferred Beneficial Interests in Corporation's Junior Subordinated Debentures

			2021						2020
ACST II
Balance at December 31,			$	10,000					$	10,000
Period End:
Variable Interest Rate			3.28		%				3.37		%
Fixed Interest Rate resulting from cash flow hedge agreement			4.00		%				4.00		%
ACST III
Balance at December 31,			$	10,000					$	10,000
Period End:
Variable Interest Rate			2.13		%				2.22		%
Fixed Interest Rate resulting from cash flow hedge agreement			2.86		%				2.86		%

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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