Short-term Borrowings	6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]
Short-term Borrowings	Short-term borrowings: There were no short-term Federal Home Loan Bank Advances at June 30, 2021. The Company had $3.5 million and $2.2 million in securities sold under repurchase agreements for the periods ended June 30, 2021 and December 31, 2020, respectively. In addition, the Company had a $350,000 balance on a line of credit with one lending institution at both June 30, 2021 and December 31, 2020. Securities sold under repurchase agreements are secured by the Bank’s holdings of debt securities issued by U.S. Government sponsored entities and agencies. These pledged securities which are 105% of the repurchase agreement balances, had a carrying amount of $3.7 million and $2.3 million at June 30, 2021 and December 31, 2020, respectively. Management believes the risks associated with the agreements are minimal and, in the case of collateral decline, the Company has additional investment securities available to adequately pledge as guarantees for the repurchase agreements.

Short-term Borrowings

6 Months Ended

Jun. 30, 2021

Short-term borrowings:

There were no short-term Federal Home Loan Bank Advances at June 30, 2021. The Company had $3.5 million and $2.2 million in securities sold under repurchase agreements for the periods ended June 30, 2021 and December 31, 2020, respectively. In addition, the Company had a $350,000 balance on a line of credit with one lending institution at both June 30, 2021 and December 31, 2020.

Securities sold under repurchase agreements are secured by the Bank’s holdings of debt securities issued by U.S. Government sponsored entities and agencies. These pledged securities which are 105% of the repurchase agreement balances, had a carrying amount of $3.7 million and $2.3 million at June 30, 2021 and December 31, 2020, respectively. Management believes the risks associated with the agreements are minimal and, in the case of collateral decline, the Company has additional investment securities available to adequately pledge as guarantees for the repurchase agreements.