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OTHER BORROWINGS:
 12 Months Ended
Dec. 31, 2021
Other Borrowings Disclosure [Abstract]  
OTHER BORROWINGS OTHER BORROWINGS:
Other borrowings at December 31, 2020 and 2019 are summarized as follows:
(Dollar amounts in thousands)20212020
FHLB advances$15,937 $5,859 
Junior subordinated debentures— — 
TOTAL$15,937 $5,859 
The aggregate minimum annual retirements of other borrowings are as follows:
2022$— 
20236,933 
20242,658 
20255,929 
2026417 
Thereafter— 
 $15,937 
At December 31, 2021 and 2020, other borrowings are summarized as follows: The Corporation's subsidiary banks are members of the Federal Home Loan Bank (FHLB) and accordingly are permitted to obtain advances. There are $15.9 million of advances from the FHLB at December 31, 2021, and $5.9 million of advances at December 31, 2020, which accrue interest, payable monthly, at annual rates, primarily fixed, varying from 0.68% to 3.32% in 2021 and 0.25% to 0.39% during the year in 2020. FHLB advances are, generally, due in full at maturity. They are secured by eligible securities totaling $58.5 million at December 31, 2021, and $97.1 million at December 31, 2020, and a blanket pledge on real estate loan collateral. Based on this collateral and the Corporation's holdings of FHLB stock, the Corporation is eligible to borrow up to $232.2 million at year end 2021. Certain advances may be prepaid, without penalty, prior to maturity. The FHLB can adjust the interest rate from fixed to variable on certain advances, but those advances may then be prepaid, without penalty.