BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2022

Short-term borrowings and weighted-average interest rates at December 31 are as follows:


	2022				2021
Dollars in thousands	Amount		Rate		Amount		Rate


Securities sold under repurchase agreements	$	41,954	0.12	%	$	35,202	0.12	%

Offsetting Liabilities

The following table presents the short-term borrowings subject to an enforceable master netting arrangement or repurchase agreement as of December 31, 2022 and 2021:


								Gross Amounts Not Offset in the Statements of Condition
Dollars in thousands		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statements of Condition		Net Amounts of Liabilities Presented in the Statements of Condition		Financial Instruments		Cash Collateral Pledged		Net Amount
December 31, 2022
Repurchase agreements
Commercial customers and government entities	(a)	$	41,954	$	—	$	41,954	$	(41,954)	$	—	$	—

December 31, 2021
Repurchase agreements
Commercial customers and government entities	(a)	$	35,202	$	—	$	35,202	$	(35,202)	$	—	$	—

_______________________________

(a) As of December 31, 2022 and 2021, the fair value of securities pledged in connection with repurchase agreements was $52,157,000 and $46,160,000, respectively.

Schedule of Maturities of Long-term Debt

A summary of long-term debt as of December 31 is as follows:


	2022				2021
Dollars in thousands	Amount		Rate		Amount		Rate
FHLB fixed-rate advances maturing:
2022	$	—	—	%	$	11,000	2.69	%








Loan payable variable rate	—		—	%	2,700		3.32	%

Trust preferred subordinated debt	6,000		3.21	%	6,000		1.69	%
Subordinated debt	15,000		4.00	%	15,000		4.00	%
	$	21,000	3.78	%	$	34,700	2.69	%