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Borrowings (Tables)
12 Months Ended
Dec. 31, 2021
Borrowings [Abstract]  
Short-Term Borrowings Short-term borrowings at December 31 consist of the following: 2021 2020 (In Thousands)Securities sold under agreements to repurchase$ 60,822 $ 63,303Federal Home Loan Bank short-term borrowings — — $ 60,822 $ 63,303 The outstanding balances and related information of short-term borrowings are summarized as follows: Years Ended December 31, 2021 2020 (Dollars In Thousands)Average balance during the year$ 73,810 $ 57,014 Average interest rate during the year 0.39% 0.55%Maximum month-end balance during the year$ 90,409 $ 69,294 Weighted average interest rate at the end of the year 0.34% 0.43%
Collateral Pledged for Repurchase Agreements As of December 31, 2021 Remaining Contractual Maturity of the Agreements Overnight and continuous Up to 30 days 30-90 days Greater than 90 days TotalRepurchase Agreements: Mortgage-backed securities - government sponsored entities $ 65,162 $ — $ — $ — $ 65,162 Total liability recognized for repurchase agreements 60,822 As of December 31, 2020 Remaining Contractual Maturity of the Agreements Overnight and continuous Up to 30 days 30-90 days Greater than 90 days TotalRepurchase Agreements: Mortgage-backed securities - government sponsored entities $ 64,429 $ — $ — $ — $ 64,429 Total liability recognized for repurchase agreements 63,303
Other Borrowings 2021 2020 (In Thousands) Amortizing fixed rate borrowing due March 2022 at 1.75%$ 227 $ 1,126Amortizing fixed rate borrowing due August 2022 at 1.94% 1,364 3,376Amortizing fixed rate borrowing due October 2022 at 1.88% 1,386 3,021Amortizing fixed rate borrowing due October 2023 at 3.24% 3,856 5,865Amortizing fixed rate borrowing due December 2023 at 3.22% 2,097 3,096Fixed rate term borrowing due December 2023 at 1.95% 10,000 10,000Amortizing fixed rate borrowing due December 2023 at 1.73% 5,190 7,616Amortizing fixed rate borrowing due April 2024 at 0.91% 5,878 8,359 $ 29,998 $ 42,459
Contractual Maturities of Other Borrowings 2022$ 2,9772023 21,1432024 5,878 $ 29,998