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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Summary of Long-Term Borrowings

 

 

2021

 

 

2020

 

 

 

(Dollars in Thousands)

 

Balance at year-end

 

$

10,653

 

 

$

—

 

Average balance during the year

 

$

2,682

 

 

$

—

 

Maximum month-end balance during the year

 

$

10,653

 

 

$

—

 

Average rate paid during the year, including amortization of debt issuance costs

 

 

4.20

%

 

N/A

 

Weighted average remaining maturity (in years)

 

 

9.75

 

 

N/A

 

 
Schedule of Available Unused Lines of Credit As of December 31, 2021 and 2020, the Company’s available unused lines of credit consisted of the following:

Available Unused Lines of Credit

 

Collateral Requirements

 

December 31, 2021

 

December 31, 2020

Correspondent banks

 

None

 

$45.0 million

 

$44.8 million

Federal Reserve (discount window)

 

Subject to collateral

 

$1.0 million

 

$1.6 million

FHLB advances (1)

 

Subject to collateral

 

$237.0 million

 

$225.8 million