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BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term borrowings and weighted-average interest rates at December 31 are as follows:

			2021												2020
Dollars in thousands			Amount						Rate						Amount						Rate
Securities sold under repurchase agreements			$	35,202					0.12		%				$	38,464					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, 2021 and 2020:

																								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, 2021
Repurchase agreements
Commercial customers and government entities			(a)			$	35,202					$	—					$	35,202					$	(35,202)					$	—					$	—
December 31, 2020
Repurchase agreements
Commercial customers and government entities			(a)			$	38,464					$	—					$	38,464					$	(38,464)					$	—					$	—

_______________________________

(a) As of December 31, 2021 and 2020, the fair value of securities pledged in connection with repurchase agreements was $46,160,000 and $54,680,000, respectively.

Schedule of Maturities of Long-term Debt

A summary of long-term debt as of December 31 is as follows:

			2021												2020
Dollars in thousands			Amount						Rate						Amount						Rate
FHLB fixed-rate advances maturing:
2021			$	—					—		%				$	22,716					2.10		%
2022			11,000						2.69		%				11,000						2.69		%
2023			—						—		%				5,000						2.60		%
Loan payable to local bank			—						—		%				1,329						5.51		%
Loan payable variable rate			2,700						3.32		%				2,700						3.22		%
Trust preferred subordinated debt			—						—		%				5,000						6.39		%
Trust preferred subordinated debt			6,000						—		%				6,000						1.69		%
Subordinated debt			15,000						4.00		%				—						—		%
			$	34,700					2.69		%				$	53,745					2.76		%

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Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
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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.

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-Publisher FASB
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-SubTopic 10
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