BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2023

BORROWINGS

Schedule of Borrowings

Short-term borrowings, and the related maximum amounts outstanding at the end of any month in the years ended December 31, 2023 and 2022, are presented below.

(Dollars in thousands)					Maximum Outstanding at
	Years Ended December 31,				Any Month End
	2023		2022		2023		2022
Repurchase agreements	$	12,810	$	7,585	$	15,266	$	7,585
Short-term borrowings:
Overnight FHLB advances		—		28,125		38,000		28,125
3-month FHLB advances		—		20,000		20,000		20,000
FRB advances		40,000		—		40,000		—
	$	52,810	$	55,710	$	113,266	$	55,710

The following table presents supplemental information related to short-term borrowings.

(Dollars in thousands)	Securities sold under
	agreements to repurchase						Short-term borrowings
	2023			2022			2023			2022
Amount outstanding as of December 31	$	12,810		$	7,585		$	40,000		$	48,125
Weighted average interest rate as of December 31		4.37	%		3.44	%		4.89	%		4.55	%
Average amount outstanding during the year	$	9,868		$	5,532		$	32,336		$	18,635
Weighted average interest rate during the year		3.89	%		1.54	%		5.01	%		3.05	%

Scheduled Maturities of Long-Term Debt

The following table summarizes the scheduled maturities of long-term debt as of December 31, 2023.

(Dollars in thousands)	Scheduled		Weighted Average
Year	Maturities		Interest Rate
2024	$	15,000	2.29	%
2025		5,000	2.41
2026		—	—
2027		—	—
2028		—	—
Thereafter		—	—
	$	20,000	2.32	%