BORROWINGS

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

BORROWINGS

BORROWINGS

The following summarizes the Company's short-term and long-term borrowed funds as presented on the consolidated statements of condition as of the dates indicated:

(In thousands)	June 30, 2021		December 31, 2020
Short-Term Borrowings:
Customer repurchase agreements	$	170,413	$	162,439
Total short-term borrowings	$	170,413	$	162,439
Long-Term Borrowings:
FHLBB borrowings	$	—	$	25,000
Total long-term borrowings	$	—	$	25,000

As of June 30, 2021 and December 31, 2020, the Company's subordinated debentures were $44.3 million and $59.3 million, respectively. On April 16, 2021, the Company exercised its call option on its $15.0 million of subordinated debentures, at par plus accrued interest. As of June 30, 2021, the Company's remaining subordinated debentures were comprised of two tranches of junior subordinated debentures.