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BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Summary of funds borrowed from Federal Home Loan Bank | Long-term debt at December 31 was as follows (in thousands):
| 2022 |  | 2021
FHLB advances | $ | 5,000 |  |  | 10,000 |
Term loan | 14,072 |  |  | — |
Total long-term debt | $ | 19,072 |  |  | 10,000 |
Schedule of Maturities of Long-Term Federal Home Loan Bank Advances | t December 31 by year of maturity were as follows (dollars in thousands):
| 2022 | 2021
Maturing within one year | $ | 6,918 |  |  | 5,000 |
Maturing one year through two years | 2,001 |  |  | 5,000 |
Maturing two years through three years | 10,153 |  |  | — |
Total | $ | 19,072 |  |  | 10,000 |
Short-term borrowings | Short-term borrowings at December 31, 2022 were as follows (dollars in thousands):
| 2022 |  |
| Outstanding Balance |  | Average Rate |  |  |  |
Lines of credit | $ | 18,455 |  |  | 5.00 | % |  |  |  |
FHLB short-term advances | 50,000 |  |  | 4.40 | % |  |  |  |
Revolving line of credit | 3,000 |  |  | 7.25 | % |  |  |  |
| $ | 71,455 |  |  | 4.67 | % |  |  |  |

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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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