Borrowed Funds and Subordinated Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds and Debentures
Borrowed funds and subordinated debt outstanding at December 31, for the years indicated are summarized as follows:
 202120202019
(Dollars in thousands)AmountAverage
Rate
AmountAverage
Rate
AmountAverage
Rate
Borrowed funds$5,479 1.07 %$4,774 0.30 %$96,173 1.86 %
Subordinated debt58,979 5.54 %73,744 5.69 %14,872 6.22 %
Total borrowed funds and subordinated debt$64,458 5.16 %$78,518 5.36 %$111,045 2.44 %
Schedule of Borrowed Funds Maturity
The contractual maturity distribution as of December 31, 2021, of borrowed funds with the weighted average cost for each category is set forth below:
202120202019
(Dollars in thousands)BalanceRateBalanceRateBalanceRate
Overnight$— — %$— — %$92,000 1.85 %
Within 12 months2,485 0.29 %4,316 0.33 %3,697 2.22 %
Over 5 years2,994 1.70 %458 — %476 — %
Schedule of Average Balances and Rates for Borrowed Funds
The following table summarizes the average balance and average cost of borrowed funds for the years indicated:
 Year ended December 31,
 202120202019
(Dollars in thousands)Average
Balance
Average
Cost
Average
Balance
Average
Cost
Average
Balance
Average
Cost
FHLB advances$7,632 0.79 %$35,762 1.65 %$15,885 2.42 %
FRB PPPLF advances— — %4,703 0.35 %— — %
Other borrowings— — %14 1.07 %55 2.64 %
Total borrowed funds$7,632 0.79 %$40,479 1.50 %$15,940 2.42 %