Borrowings and Line of Credit (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Federal Home Loan Bank, Advances

At December 31, 2021 and 2020, FHLB advances consist of the following (in thousands):

	2021		2020
Long-term advance dated September 10, 2019, requiring monthly interest payments, fixed at 0.93%, with a put option exercisable on September 10, 2020 and then quarterly thereafter, principal due in September 2029.1	$	25,000	$	25,000
Long-term advance dated February 28, 2020, requiring monthly interest payments, fixed at 0.46%, with a put option exercisable on February 26, 2021 and then quarterly thereafter, principal due in February 2030.1		50,000		50,000
Total	$	75,000	$	75,000

¹On agreements with put options, the FHLB has the right, at its discretion, to terminate the entire advance prior to the stated maturity date.  The termination option may only be exercised on the expiration date of the predetermined lockout period and on a quarterly basis thereafter.

Schedule of Maturities of Advances and Other Borrowings

2022	$	—
2023		—
2024		—
2025		—
2026		—
Thereafter		75,000
Total	$	75,000

Federal Reserve Bank Advances [Member]

Schedule of funding capacity and loans secured for borrowings

At December 31, 2021 and 2020, the funding capacity and loans secured for borrowings was as follows (in thousands):

	2021		2020
Maximum funding capacity	$	116,942	$	149,219
Borrowings		—		—
Additional funding capacity	$	116,942	$	149,219
Loans secured for borrowings	$	194,543	$	258,774

Federal Home Loan Bank Advances [Member]

Schedule of funding capacity and loans secured for borrowings

At December 31, 2021 and 2020, the borrowing capacity and loans secured for advances was as follows (in thousands):

	2021		2020
Maximum borrowing capacity	$	243,467	$	194,445
FHLB advances		(75,000)		(75,000)
Standby letters of credit		(3,981)		(83,982)
Additional borrowing capacity	$	164,486	$	35,463
Loans secured for advances	$	342,206	$	281,670