BORROWINGS

6 Months Ended

Jun. 30, 2024

BORROWINGS

BORROWINGS

9. BORROWINGS

Borrowings consisted of the following as of June 30, 2024 and December 31, 2023:

(Dollars in thousands)	June 30,		December 31,
	2024		2023
Securities sold under agreements to repurchase	$	14,390	$	12,810
Short-term debt		47,000		40,000
Long-term debt with FHLB		5,000		20,000
	$	66,390	$	72,810

Long-term debt is comprised only of Federal Home Loan Bank (“FHLB”) advances with an original maturity of one year or more. A $15.0 million long-term advanced matured in May 2024. The following table summarizes the scheduled maturity of the remaining long-term debt as of June 30, 2024.

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