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OTHER BORROWINGS | 12 Months Ended
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Dec. 31, 2020
Other Borrowings [Member] |
Debt Instrument [Line Items] |
BORROWINGS | 12. OTHER BORROWINGS The Company has an approved secured borrowing facility with the FHLB for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans. In May 2020, the Bank secured a $10.0 million advance from the FHLB of San Francisco, comprised of two $5.0 million tranches, at no cost, maturing in November 2020 and May 7, 2021. As of December 31, 2020, the first tranche was repaid and the second tranche matures on May 7, 2021. At December 31, 2019, there were no FHLB advances outstanding. The Company has Federal Funds lines with four correspondent banks. Cumulative available commitments totaled $75.0 and $55.0 million at December 31, 2020 and December 31, 2019, respectively. There are no amounts outstanding under these facilities at December 31, 2020 and 2019.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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