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Borrowings (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Federal Home Loan Bank of Atlanta (FHLB) Advances

The following FHLB advances, which required monthly or quarterly interest payments, were outstanding at September 30, 2021:

 

Advance Date

 

Advance

 

 

Fair Value Adjustment

 

 

Interest Rate

 

 

Maturity

 

Rate

 

Call Feature

5/23/2019

 

 

8,000,000

 

 

 

408,788

 

 

 

2.40

%

 

5/23/2029

 

Convertible

 

5/23/2022

12/16/2019

 

 

5,000,000

 

 

 

280,422

 

 

 

2.37

%

 

12/17/2029

 

Convertible

 

12/17/2021

11/29/2019

 

 

5,000,000

 

 

 

330,841

 

 

 

2.66

%

 

11/29/2029

 

Convertible

 

11/29/2022

1/21/2021

 

 

10,000,000

 

 

 

 

 

 

0.68

%

 

1/21/2026

 

Fixed

 

None

3/8/2021

 

 

10,000,000

 

 

 

 

 

 

0.54

%

 

3/8/2024

 

Fixed

 

None

5/3/2021

 

 

10,000,000

 

 

 

 

 

 

0.76

%

 

5/2/2025

 

Fixed

 

None

 

 

$

48,000,000

 

 

$

1,020,050