BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Federal Funds Purchased and Retail Repurchase Agreements

Federal funds purchased and retail repurchase agreements as of June 30, 2022, and December 31, 2021, are listed below.

	June 30, 2022		December 31, 2021
Federal funds purchased	$	—	$	—
Retail repurchase agreements		52,750		56,006

Schedule of Borrowing Usage and Interest Rate Information for Federal Funds Purchased and Retail Repurchase Agreements

The following table presents the borrowing usage and interest rate information for federal funds purchased and retail repurchase agreements at June 30, 2022, and December 31, 2021.

	June 30, 2022			December 31, 2021
Average daily balance during the period	$	57,217		$	45,819
Average interest rate during the period		0.26	%		0.23	%
Maximum month-end balance year-to-date	$	64,323		$	56,006
Weighted average interest rate at period-end		0.32	%		0.23	%

Summary of Federal Home Loan Bank Advances

Federal Home Loan Bank advances as of June 30, 2022, are as follows.

	June 30, 2022		Weighted Average Rate			Weighted Average Term in Years
Federal Home Loan Bank line of credit advances	$	—		—		—
Federal Home Loan Bank fixed-rate term advances		80,000		1.50	%	—
Total Federal Home Loan Bank advances	$	80,000

Schedule of Subordinated Debt

Subordinated debt as of June 30, 2022, and December 31, 2021, are listed below.

	June 30, 2022		December 31, 2021
Subordinated debentures	$	23,088	$	22,924
Subordinated notes		73,047		72,961
Total	$	96,135	$	95,885

Schedule of Subordinated Notes

Subordinated notes as of June 30, 2022, are listed below.

	June 30, 2022			Weighted Average Rate			Weighted Average Term in Years
Subordinated notes	$	75,000			7.00	%		8.0
Total principal outstanding		75,000
Debt issuance cost		(1,953	)
Total subordinated notes	$	73,047

Subordinated notes as of December 31, 2021, are listed below.

	December 31, 2021			Weighted Average Rate			Weighted Average Term in Years
Subordinated notes	$	75,000			7.00	%		8.5
Total principal outstanding		75,000
Debt issuance cost		(2,039	)
Total subordinated notes	$	72,961

Summary of Future Principal Repayments

Future principal repayments of the June 30, 2022, outstanding balances are as follows.

	Retail Repurchase Agreements		FHLB Advances		Subordinated Debentures		Subordinated Notes		Total
Due in one year or less	$	52,750	$	80,000	$	—	$	—	$	132,750
Due after one year through two years		—		—		—		—		—
Due after two years through three years		—		—		—		—		—
Due after three years through four years		—		—		—		—		—
Due after four years through five years		—		—		—		—		—
Thereafter		—		—		28,352		75,000		103,352
Total	$	52,750	$	80,000	$	28,352	$	75,000	$	236,102

Trust Preferred Securities [Member]

Schedule of Subordinated Debt

Subordinated debentures as of June 30, 2022, and December 31, 2021, are listed below.

	June 30, 2022			Weighted Average Rate			Weighted Average Term in Years
CTII subordinated debentures	$	10,310			3.04	%		12.8
CTIII subordinated debentures		5,155			2.72	%		15.0
CFSTI subordinated debentures		5,155			4.22	%		10.5
ASBI subordinated debentures		7,732			2.63	%		13.2
Total contractual balance		28,352
Fair market value adjustments		(5,264	)
Total subordinated debentures	$	23,088

	December 31, 2021			Weighted Average Rate			Weighted Average Term in Years
CTII subordinated debentures	$	10,310			2.12	%	13.3
CTIII subordinated debentures		5,155			2.08	%		15.5
CFSTI subordinated debentures		5,155			3.47	%		11.0
ASBI subordinated debentures		7,732			2.00	%		13.8
Total contractual balance		28,352
Fair market value adjustments		(5,428	)
Total subordinated debentures	$	22,924