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LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2022
Long-Term Debt, Unclassified [Abstract]  
Schedule of long-term debt, based on original maturity
 December 31,
(Dollars in thousands)20222021
Subordinated debentures$51,547 $51,547 
Subordinated notes, net of issuance costs54,312 54,069 
Total$105,859 $105,616 
As of December 31, 2022 and 2021, the Company had the following subordinated notes outstanding:

(Dollars in thousands)
December 31, 2022 and 2021
NameAmount of
Subordinated Notes		Interest Rate
October 2020 Private Placement$55,000 
4.75% for the first five years. Resets quarterly thereafter to the then current three-month SOFR.
Total$55,000 
Schedule of future principal payments on long-term debt based on final maturity
At December 31, 2022, future principal payments on long-term debt based on redemption date or final maturity are as follows (dollars in thousands):

(Dollars in thousands)
Year Ending December 31: 
2023$— 
2024— 
2025— 
2026— 
2027— 
Thereafter106,547 
Total$106,547 
Schedule of Subordinated Borrowing
As of December 31, 2022 and 2021, the Company had the following junior subordinated debentures outstanding:
(Dollars in thousands)
December 31, 2022 and 2021
Name of TrustAmount of
Subordinated Debentures		Interest Rate
Trust IV$30,928 
Three month LIBOR + 2.45%
Trust V20,619 
Three month LIBOR + 1.87%
Total$51,547