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Short-Term Borrowings | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
SHORT-TERM BORROWINGS | NOTE 9 – SHORT-TERM BORROWINGS
($ in thousands) |  | June 30, 2022 |  |  | December 31, 2021 |
Fed funds borrowed |  | $ | 5,000 |  |  | $ | - |
Securities sold under repurchase agreements |  |  | 25,772 |  |  |  | 15,320 |
|  | $ | 30,772 |  |  | $ | 15,320 |
The Company has retail repurchase agreements (“REPO”) to facilitate cash management transactions with commercial customers. These obligations are secured by agency and mortgage-backed securities and such collateral is held by the Federal Home Loan Bank (“FHLB”). These securities have various maturity dates from 2024 through 2061. As of June 30, 2022, these REPO agreements were secured by securities totaling $27.5 million. The REPO agreements mature within one month. The Company has borrowing capabilities at the Federal Reserve Discount Window (“Discount Window”) by pledging either securities or loans as collateral. As of June 30, 2022, there was no collateral pledged or borrowings drawn at the Discount Window. At June 30, 2022 and December 31, 2021, the Company had $41.0 million in federal funds lines, of which $5.0 million was drawn.

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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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