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Borrowings
 6 Months Ended
Jun. 30, 2022
Borrowings [Abstract]  
Borrowings (7)    Borrowings

Advances consist of funds borrowed from the Federal Home Loan Bank (the “FHLB”). Maturities of advances from the FHLB as of June 30, 2022 are summarized as follows:

(In thousands)

Fiscal Year-End

2022

$

78,000

2023

8,500

2025

5,000

Total

$

91,500

Borrowings from the FHLB are secured by a blanket lien on qualified collateral, consisting primarily of loans with first mortgages secured by one to four family properties, certain commercial loans and qualified mortgage-backed government securities. At June 30, 2022, borrowings from the FHLB consisted of short-term borrowings, with original maturities of less than one year, totaling

$78.0 million and long-term borrowings, with original maturities more than one year, totaling $13.5 million. The interest rate on FHLB short-term borrowings was 1.70% at June 30, 2022. The interest rates on FHLB long-term advances ranged from 1.21% to 3.01%, with a weighted average interest rate of 2.11% at June 30, 2022.