Advances from the Federal Reserve Bank

3 Months Ended

Mar. 31, 2024

Federal Home Loan Bank Stock and Federal Reserve Bank Stock [Abstract]

Federal Reserve Bank Advances, Disclosure [Text Block]

In March 2023, the FRB created a new Bank Term Funding Program (BTFP) to make additional funding available to eligible depository institutions. The BTFP ceased making new loans on March 11, 2024. This program offered loans up to a one year term that can be prepaid without penalty. The amount that could be borrowed was based upon the par value of the securities pledged as collateral to the FRB.

Advances outstanding consisted of the following:

	March 31, 2024				December 31, 2023
			Weighted				Weighted
			Average				Average
(Dollars in thousands)	Amount		Rate		Amount		Rate
Due within one year	$	50,000	4.76	%	$	50,000	4.89	%
Total	$	50,000	4.76	%	$	50,000	4.89	%