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BORROWED FUNDS (Tables)

3 Months Ended

Mar. 31, 2022

BORROWED FUNDS

Schedule of short term borrowings

​

​	​	​	​	​	​	​
(In Thousands)		March 31,			December 31,
​	​	2022		​	2021
FHLB-Pittsburgh borrowings	​	$	0	​	$	0
Customer repurchase agreements	​		2,357	​		1,803
Total short-term borrowings	​	$	2,357	​	$	1,803

Schedule of long term borrowings

​

​	​	​	​	​	​	​
(In Thousands)		March 31,			December 31,
​	​	2022		​	2021
Loans maturing in 2022 with a weighted-average rate of 0.58%	​	$	8,050	​	$	15,452
Loans maturing in 2023 with a weighted-average rate of 0.73%	​	​	7,093	​	​	7,119
Loan maturing in 2024 with a rate of 0.75%	​	​	5,090	​	​	5,099
Loan maturing in 2025 with a rate of 4.91%	​	​	348	​	​	372
Total long-term FHLB-Pittsburgh borrowings	​	$	20,581	​	$	28,042

Schedule of outstanding senior notes

​

​	​	​	​	​	​	​
(In Thousands)		March 31,			December 31,
​	​	2022		​	2021
Senior Notes with an aggregate par value of $15,000,000; bearing interest at 2.75% with an effective interest rate of 3.23%; maturing in June 2026	​	$	14,717	​	$	14,701
Total carrying value	​	$	14,717	​	$	14,701

Schedule of outstanding subordinated debt

​

​	​	​	​	​	​	​
(In Thousands)		March 31,			December 31,
​	​	2022		​	2021
Agreements with an aggregate par value of $6,500,000; bearing interest at 6.50%; maturing in April 2027 and redeemed at par in April 2022	​	$	6,500	​	$	6,500
Agreement with a par value of $2,000,000; bearing interest at 6.50% with an effective interest rate of 5.60%; maturing in July 2027 and redeemable at par in July 2022	​	​	2,004	​	​	2,008
Agreements with a par value of $25,000,000; bearing interest at 3.25% with an effective interest rate of 3.74%; maturing in June 2031 and redeemable at par in June 2026	​	​	24,527	​	​	24,501
Total carrying value	​	$	33,031	​	$	33,009

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Schedule of outstanding senior notes.

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Schedule of outstanding subordinated debt.

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

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
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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
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
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