BORROWINGS

9 Months Ended

Sep. 30, 2022

BORROWINGS

BORROWINGS

8. BORROWINGS

Borrowings consisted of the following as of September 30, 2022 and December 31, 2021.

(Dollars in thousands)	September 30,		December 31,
	2022		2021
Securities sold under agreements to repurchase	$	6,869	$	4,227
Overnight advances with FHLB		9,000		—
Short-term debt with FHLB		20,000		—
Long-term debt with FHLB		20,000		20,000
	$	55,869	$	24,227

Long-term debt is comprised only of Federal Home Loan Bank (“FHLB”) advances with an original maturity of one year or more. The following table summarizes the scheduled maturities of long-term debt as of September 30, 2022.

(Dollars in thousands)	Scheduled		Weighted Average
Year	Maturities		Interest Rate
2022	$	—	—	%
2023		—	—
2024		15,000	2.29
2025		5,000	2.41
2026		—	—
Thereafter		—	—
	$	20,000	2.32	%