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Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank of Atlanta (FHLB) Advances

At December 31, 2021 and 2020, the Bank had a line of credit totaling $44.7 million and $89.1 million, respectively, from the FHLB, which is reviewed annually by the FHLB. The following advances, which require monthly or quarterly interest payments, were outstanding at December 31, 2021:

Advance Date		Advance				Fair Value Adjustment				Interest Rate				Maturity		Rate		Call Feature
5/23/2019		$	8,000,000			$	395,312				2.40	%		5/23/2029		Convertible		5/23/2022
11/29/2019			5,000,000				320,713				2.66	%		10/25/2019		Convertible		11/29/2022
12/16/2019			5,000,000				271,837				2.37	%		12/17/2029		Convertible		3/17/2022
1/21/2021			10,000,000				—				0.68	%		1/21/2026		Fixed		N/A
3/8/2021			10,000,000				—				0.54	%		3/8/2024		Fixed		N/A
5/2/2021			10,000,000				—				0.76	%		5/2/2025		Fixed		N/A
		$	48,000,000			$	987,862

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Tabular disclosure of advances made and reported by Federal Home Loan Bank (FHLBank).

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