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SHORT-TERM BORROWINGS AND LONG-TERM DEBT - (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Subordinated Borrowing
At March 31, 2021 and December 31, 2020, the Company had the following junior subordinated debentures outstanding, which is recorded in long-term debt on the Company's consolidated balance sheets:

(dollars in thousands)March 31, 2021
Name of TrustSubordinated DebenturesInterest Rate
Trust IV$30,928 Three month LIBOR + 2.45%
Trust V20,619 Three month LIBOR + 1.87%
Total$51,547 
December 31, 2020
Name of TrustSubordinated DebenturesInterest Rate
Trust IV$30,928 Three month LIBOR + 2.45%
Trust V20,619 Three month LIBOR + 1.87%
Total$51,547 
Schedule of Long-term Debt Instruments
As of March 31, 2021, the Company had the following subordinated notes outstanding:


(Dollars in thousands)March 31, 2021
NameAmount of Subordinated NotesInterest Rate
October 2020 Private Placement$55,000 
4.75% for the first five years. Resets quarterly thereafter to the then current three-month SOFR.