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Borrowings (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Summary of Long-Term Borrowings The table below provides additional information related to the Notes as of and for the three-month periods ended March 31, 2022 and 2021, respectively.

 

 

March 31,

 

 

March 31,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Thousands)

 

Balance at period-end

 

$

10,671

 

 

$

—

 

Average balance during the period

 

$

10,655

 

 

$

—

 

Maximum month-end balance during the year

 

$

10,671

 

 

$

—

 

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

 

 

4.16

%

 

 

—

 

Weighted average remaining maturity (in years)

 

 

9.50

 

 

 

—

 

 
Schedule of Available Unused Lines of Credit As of March 31, 2022 and December 31, 2021, the Company’s available unused lines of credit consisted of the following:

 

Available Unused Lines of Credit

 

Collateral Requirements

 

March 31, 2022

 

December 31, 2021

Correspondent banks

 

None

 

$45.0 million

 

$45.0 million

Federal Reserve (discount window)

 

Subject to collateral

 

$0.9 million

 

$1.0 million

FHLB advances (1)

 

Subject to collateral

 

$237.5 million

 

$237.0 million