XML 54 R42.htm IDEA: XBRL DOCUMENT v3.22.4
Borrowings (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Summary of Long-Term Borrowings

 

 

2022

 

 

2021

 

 

 

(Dollars in Thousands)

 

Balance at year-end

 

$

10,726

 

 

$

10,653

 

Average balance during the year

 

$

10,689

 

 

$

2,682

 

Maximum month-end balance during the year

 

$

10,726

 

 

$

10,653

 

Average rate paid during the year, including amortization of debt issuance costs

 

 

4.20

%

 

 

4.20

%

Weighted average remaining maturity (in years)

 

 

8.75

 

 

 

9.75

 

Schedule of Available Unused Lines of Credit As of December 31, 2022 and 2021, the Company’s available unused lines of credit consisted of the following:

Available Unused Lines of Credit

 

Collateral Requirements

 

December 31, 2022

 

December 31, 2021

Correspondent banks

 

None

 

$45.0 million

 

$45.0 million

Federal Reserve (discount window)

 

Subject to collateral

 

$15.0 million

 

$15.0 million

FHLB advances (1)

 

Subject to collateral

 

$246.8 million

 

$237.0 million