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v3.21.1

Borrowed Funds (Tables) | 12 Months Ended
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Dec. 31, 2020
Borrowed Funds [Abstract] |
Summary of Short-term Borrowings |
(Dollars in thousands) |  | 2020 |  | 2019
Securities sold under agreements to repurchase: |  |  |  |  |  |
Outstanding at end of year |  | $ | 49,160 |  | $ | 48,728
Weighted average interest rate at year end |  |  | 0.19% |  |  | 0.23%
Maximum amount outstanding as of any month end |  | $ | 55,290 |  | $ | 50,345
Average amount outstanding |  | $ | 46,519 |  | $ | 39,778
Approximate weighted average rate during the year |  |  | 0.20% |  |  | 0.28%
Summary of Long-term Borrowings |
(In thousands) |  | 2020 |  | 2019
FHLB advances, bearing fixed interest rates ranging from 1.37% to 2.90% at December 31, 2020 |  | $ | 70,000 |  | $ | 70,000
Junior subordinated debt, bearing variable interest rate of 2.98% at December 31, 2020 |  |  | 30,929 |  |  | 30,929
Total long-term debt |  | $ | 100,929 |  | $ | 100,929
Contractual Maturities of Long-term Borrowings |
|  | 2020 |  | 2019
|  | Fixed |  | Floating |  |  |  |  |  |
(in thousands) |  | Rate |  | Rate |  | Total |  | Total
Due in 2021 |  | $ | 5,000 |  | $ | — |  | $ | 5,000 |  | $ | 20,000
Due in 2022 |  |  | — |  |  | — |  |  | — |  |  | —
Due in 2023 |  |  | 15,000 |  |  | — |  |  | 15,000 |  |  | 30,000
Due in 2024 |  |  | — |  |  | — |  |  | — |  |  | 20,000
Due in 2025 |  |  | 30,000 |  |  | — |  |  | 30,000 |  |  | —
Thereafter |  |  | 20,000 |  |  | 30,929 |  |  | 50,929 |  |  | 30,929
Total long-term debt |  | $ | 70,000 |  | $ | 30,929 |  | $ | 100,929 |  | $ | 100,929
Schedule of Pledged Collateral on Line of Credit |
1-4 family mortgage loans |  | $ | 130,638
Commercial loans |  |  | 48,392
Multi-family loans |  |  | 4,998
Home equity loans |  |  | 21,954
|  | $ | 205,982

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