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v3.22.4

Other Borrowings | 12 Months Ended
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Dec. 31, 2022
Other Borrowings [Abstract] |
Other Borrowings | Note 12. Other Borrowings The Bank has access to short-term borrowings from the FHLB in the form of a revolving term commitment used to fund the short-term liquidity needs of the Bank. These borrowings reprice on a daily basis and the interest rate fluctuates with short-term market interest rates. The Bank had no short-term borrowings at December 31, 2022 and 2021. The Bank’s maximum borrowing capacity with the FHLB at December 31, 2022 was $405.2 million with $403.7 million available to borrow. This borrowing capacity is secured by a Blanket Pledge Agreement with FHLB on the Bank’s real estate loan portfolio. The Bank has established credit at the Federal Reserve Discount Window and as of year-end had the ability to borrow approximately $60 million. The Bank also has $56.0 million in unsecured lines of credit at two correspondent banks.

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