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Borrowings
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Borrowings Borrowings
The following tables present information regarding the Company’s outstanding borrowings at March 31, 2021 and December 31, 2020 - dollars are in thousands:
DescriptionDue dateCall FeatureMarch 31, 2021Interest Rate
FHLB Principal Reducing Credit7/24/2023None$113 1.00% fixed
FHLB Principal Reducing Credit12/22/2023None982 1.25% fixed
FHLB Principal Reducing Credit1/15/2026None5,000 1.98% fixed
FHLB Principal Reducing Credit6/26/2028None232 0.25% fixed
FHLB Principal Reducing Credit7/17/2028None48 0.00% fixed
FHLB Principal Reducing Credit8/18/2028None172 1.00% fixed
FHLB Principal Reducing Credit8/22/2028None172 1.00% fixed
FHLB Principal Reducing Credit12/20/2028None352 0.50% fixed
Other Borrowing4/7/2022None103 1.00% fixed
Trust Preferred Securities1/23/2034Quarterly by Company
beginning 1/23/2009
20,620 2.91% at 3/31/21
adjustable rate
3 month LIBOR + 2.70%
Trust Preferred Securities6/15/2036Quarterly by Company
beginning 6/15/2011
25,774 1.57% at 3/31/21
adjustable rate
3 month LIBOR + 1.39%
Trust Preferred Securities1/7/2035Quarterly by Company
beginning 1/7/2010
10,310 2.24% at 3/31/21
adjustable rate
3 month LIBOR + 2.00%
Total borrowings/ weighted average rate as ofMarch 31, 2021$63,878 2.21%
Unamortized discount on acquired borrowings(2,536)
Total borrowings$61,342 
DescriptionDue dateCall FeatureDecember 31, 2020Interest Rate
FHLB Term Note7/24/2023None124 1.00% fixed
FHLB Principal Reducing Credit12/22/2023None991 1.25% fixed
FHLB Principal Reducing Credit1/15/2026None5,500 1.98% fixed
FHLB Principal Reducing Credit6/26/2028None235 0.25% fixed
FHLB Principal Reducing Credit7/17/2028None49 0.00% fixed
FHLB Principal Reducing Credit8/18/2028None174 1.00% fixed
FHLB Principal Reducing Credit8/22/2028None174 1.00% fixed
FHLB Principal Reducing Credit12/20/2028None355 0.50% fixed
FHLB Principal Reducing Credit4/7/2022None103 1.00% fixed
Trust Preferred Securities1/23/2034Quarterly by Company
beginning 1/23/2009
20,620 2.91% at 12/31/2020
adjustable rate
3 month LIBOR + 2.70%
Trust Preferred Securities6/15/2036Quarterly by Company
beginning 6/15/2011
25,774 1.61% at 12/31/2020
adjustable rate
3 month LIBOR + 1.39%
Trust Preferred Securities1/7/2035Quarterly by Company
beginning 1/7/2010
10,310 2.24% at 12/31/2020
adjustable rate
3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2020$64,409 2.22%
Unamortized discount on acquired borrowings(2,580)
Total borrowings$61,829