XML 29 R16.htm IDEA: XBRL DOCUMENT v3.22.1
FHLB Advances and Other Borrowings
12 Months Ended
Dec. 31, 2021
FHLB Advances and Other Borrowings [Abstract]  
FHLB Advances and Other Borrowings 9.FHLB ADVANCES AND OTHER BORROWINGSDuring the first quarter of 2021, the Company paid off $5 million in FHLB advances with a weighted average interest rate of 3.07%. During the third quarter of 2021, the Company acquired $4.5 million in FHLB advances from the Landmark merger that was subsequently paid off. The Company had no FHLB advances as of December 31, 2021. As of December 31, 2021, the Company had secured borrowings with a fair value of $10.6 million related to certain sold loan participations that did not qualify for sales treatment acquired from Landmark.The maturity and weighted-average interest rate of secured borrowings as of the periods indicated is as follows: As of December 31, 2021(dollars in thousands)Amount Rate 2022$ 766 3.25%2023 26 4.25 2024 2,700 4.13 2025 - - 2026 - - 2027 and thereafter 6,952 2.43 Total$ 10,444 2.69%