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Borrowings (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Summary of Long-Term Borrowings The table below provides additional information related to the Notes as of and for the six months ended June 30, 2022 and 2021, respectively.

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in Thousands)

 

Balance at period-end

 

$

10,690

 

 

$

—

 

Average balance during the period

 

$

10,683

 

 

$

—

 

Maximum month-end balance during the year

 

$

10,690

 

 

$

—

 

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

 

 

4.16

%

 

 

—

 

Weighted average remaining maturity (in years)

 

 

9.25

 

 

 

—

 
Schedule of Available Unused Lines of Credit As of June 30, 2022 and December 31, 2021, the Company’s available unused lines of credit consisted of the following:

Available Unused Lines of Credit

 

Collateral Requirements

 

June 30, 2022

 

December 31, 2021

Correspondent banks

 

None

 

$45.0 million

 

$45.0 million

Federal Reserve (discount window)

 

Subject to collateral

 

$1.2 million

 

$1.0 million

FHLB advances (1)

 

Subject to collateral

 

$250.4 million

 

$237.0 million