Quarterly report pursuant to Section 13 or 15(d)

OTHER BORROWED FUNDS (Tables)

v3.22.1
OTHER BORROWED FUNDS (Tables)
3 Months Ended
Mar. 31, 2022
OTHER BORROWED FUNDS [Abstract]  
Advances from Federal Home Loan Bank
At period-end, advances from the Federal Home Loan Bank were as follows (dollars in thousands):

Principal Terms
 
Advance
Amount
 
Range of Maturities
 
Weighted
Average
Interest Rate
 
March 31, 2022              
Single maturity fixed rate advances
 
$
30,000
 
May 2023 to July 2024
   
2.87
%
Putable advances
   
55,000
 
November 2024 to January 2032
   
0.76
%
   
$
85,000
           

Principal Terms
 
Advance
Amount
 
Range of Maturities
 
Weighted
Average
Interest Rate
 
December 31, 2021              
Single maturity fixed rate advances
 
$
30,000
 
May 2023 to July 2024
   
2.87
%
Putable advances
   
55,000
 
November 2024 to July 2031
   
0.74
%
   
$
85,000
           
Repayments of FHLB Advances
Scheduled repayments of FHLB advances as of March 31, 2022  were as follows (in thousands):

2022  
$
 
2023    
10,000
 
2024
   
40,000
 
2025
   
 
2026
   
 
Thereafter
   
35,000
 
   
$
85,000