Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Information Related to Borrowings

Information related to borrowings as of December 31, 2023 and 2022 is as follows:

(Dollars in thousands)	2023			2022
Federal funds purchased	$	3,462		$	-
FHLB advances	$	66,500		$	-
Total borrowings	$	69,962		$	-
Maximum amount at any month-end during the year	$	80,808		$	-
Annual average balance outstanding	$	39,917		$	-
Annual average interest rate paid		5.19	%		0.00	%
Annual interest rate at end of period		4.92	%		0.00	%