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BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2021

BORROWED FUNDS

Summary of borrowed funds

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December 31,

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2021

​

2020

(Dollars in thousands)

Rate

​

Amount

Rate

​

Amount

Advances from Federal Home Loan Bank

0.65

%

​

$

3,000

0.65

%

​

$

3,000

​

0.96

%

​

3,000

0.96

%

​

3,000

​

1.12

%

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4,000

1.12

%

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4,000

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10,000

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10,000

Debt modification discount

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(982)

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(1,162)

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$

9,018

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$

8,838

Summary of borrowed funds maturities

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​	​	​	​
​	​	​
(Dollars in thousands)		Amount
Amounts maturing in:	​	​	​
2022	​	$	—
2023	​	​	—
2024	​	​	—
2025	​		3,000
2026	​		—
Thereafter	​		7,000
Total	​	$	10,000

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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