XML 33 R38.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

BORROWINGS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Short-term borrowings and weighted-average interest rates at December 31 are as follows:
| 2019 |  | 2018
Dollars in thousands | Amount |  | Rate |  | Amount |  | Rate
FHLB overnight advance | $ | — |  |  | — | % |  | $ | 32 |  |  | 2.62 | %
Securities sold under repurchase agreements | 33,435 |  |  | 0.12 |  |  | 34,616 |  |  | 0.12 |
| $ | 33,435 |  |  | 0.12 | % |  | $ | 34,648 |  |  | 0.12 | %
Offsetting Liabilities | The following table presents the short-term borrowings subject to an enforceable master netting arrangement or repurchase agreement as of December 31, 2019 and 2018:
|  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statements of Condition |  |
Dollars in thousands |  | Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Statements of Condition |  | Net Amounts of Liabilities Presented in the Statements of Condition |  | Financial Instruments |  | Cash Collateral Pledged |  | Net Amount
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Repurchase agreements |  |  |  |  |  |  |  |  |  |  |  |
Commercial customers and government entities | (a) | $ | 33,435 |  |  | $ | — |  |  | $ | 33,435 |  |  | $ | (33,435 | ) |  | $ | — |  |  | $ | — |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Repurchase agreements |  |  |  |  |  |  |  |  |  |  |  |
Commercial customers and government entities | (a) | $ | 34,616 |  |  | $ | — |  |  | $ | 34,616 |  |  | $ | (34,616 | ) |  | $ | — |  |  | $ | — |
(a) As of December 31, 2019 and 2018, the fair value of securities pledged in connection with repurchase agreements was $34,582,000 and $39,788,000, respectively.
Schedule of Maturities of Long-term Debt | A summary of long-term debt as of December 31 is as follows:
| 2019 |  | 2018
Dollars in thousands | Amount |  | Rate |  | Amount |  | Rate
FHLB fixed-rate advances maturing: |  |  |  |  |  |  |
2019 | $ | — |  |  | — | % |  | $ | 23,500 |  |  | 1.73 | %
2020 | 20,000 |  |  | 1.87 | % |  | 20,000 |  |  | 1.87 | %
2021 | 22,716 |  |  | 2.10 | % |  | 22,716 |  |  | 2.10 | %
2022 | 11,000 |  |  | 2.69 | % |  | 9,000 |  |  | 2.70 | %
2023 | 5,000 |  |  | 2.60 | % |  | — |  |  | — | %
Loan Payable to local bank | 1,830 |  |  | 4.50 | % |  | 2,300 |  |  | 4.50 | %
Loan Payable to local bank | 750 |  |  | 4.50 | % |  | 1,000 |  |  | 5.25 | %
Trust preferred subordinated debt | 5,000 |  |  | 6.39 | % |  | 5,000 |  |  | 6.39 | %
| $ | 66,296 |  |  | 2.58 | % |  | $ | 83,516 |  |  | 2.47 | %

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration