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v3.20.4

BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Short-term borrowings and weighted-average interest rates at December 31 are as follows:
| 2020 |  | 2019
Dollars in thousands | Amount |  | Rate |  | Amount |  | Rate
FHLB overnight advance | $ | — |  |  | — | % |  | $ | — |  |  | — | %
Securities sold under repurchase agreements | 38,464 |  |  | 0.12 |  |  | 33,435 |  |  | 0.12 |
| $ | 38,464 |  |  | 0.12 | % |  | $ | 33,435 |  |  | 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, 2020 and 2019:
|  |  |  |  |  |  |  | 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, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Repurchase agreements |  |  |  |  |  |  |  |  |  |  |  |
Commercial customers and government entities | (a) | $ | 38,464 |  |  | $ | — |  |  | $ | 38,464 |  |  | $ | (38,464) |  |  | $ | — |  |  | $ | — |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Repurchase agreements |  |  |  |  |  |  |  |  |  |  |  |
Commercial customers and government entities | (a) | $ | 33,435 |  |  | $ | — |  |  | $ | 33,435 |  |  | $ | (33,435) |  |  | $ | — |  |  | $ | — |
(a) As of December 31, 2020 and 2019, the fair value of securities pledged in connection with repurchase agreements was $54,680,000 and $34,582,000, respectively.
Schedule of Maturities of Long-term Debt | A summary of long-term debt as of December 31 is as follows:
| 2020 |  | 2019
Dollars in thousands | Amount |  | Rate |  | Amount |  | Rate
FHLB fixed-rate advances maturing: |  |  |  |  |  |  |
2020 | $ | — |  |  | — | % |  | $ | 20,000 |  |  | 1.87 | %
2021 | 22,716 |  |  | 2.10 | % |  | 22,716 |  |  | 2.10 | %
2022 | 11,000 |  |  | 2.69 | % |  | 11,000 |  |  | 2.69 | %
2023 | 5,000 |  |  | 2.60 | % |  | 5,000 |  |  | 2.60 | %
Loan payable to local bank | 1,329 |  |  | 5.51 | % |  | 1,830 |  |  | 4.50 | %
Loan payable to local bank | — |  |  | — | % |  | 750 |  |  | 4.50 | %
Loan payable variable rate | 2,700 |  |  | 3.22 | % |  | — |  |  | — | %
Trust preferred subordinated debt | 5,000 |  |  | 6.39 | % |  | 5,000 |  |  | 6.39 | %
Trust preferred subordinated debt | 6,000 |  |  | 1.69 | % |  | — |  |  | — | %
| $ | 53,745 |  |  | 2.76 | % |  | $ | 66,296 |  |  | 2.58 | %

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