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SHORT-TERM BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2023
SHORT-TERM BORROWINGS.  
Schedule of Short-term borrowings and weighted-average interest rates

(Dollars in thousands)

December 31, 2023

December 31, 2022

 

Average

Average

 

    

Amount

    

Rate

    

Amount

    

Rate

 

    

Federal funds purchased

 

$

6.57

%  

$

 

%

 

Securities sold under agreements to repurchase

 

19,708

3.28

%  

 

20,368

 

0.84

%

Federal Discount Window

 

1

4.99

%  

 

 

2.78

%

Federal Home Loan Bank of Pittsburgh

 

133,759

5.45

%  

 

133,050

 

2.82

%

Total

$

153,468

5.21

%  

$

153,418

 

2.21

%

Schedule of short-term borrowings subject to an enforceable master netting arrangement or repurchase agreements

(Dollars in thousands)

    

    

Gross

    

Net Amounts

    

    

    

Amounts

of Liabilities

Offset

Presented

Gross

in the

in the

Amounts of

Consolidated

Consolidated

Cash

Recognized

Balance

Balance

Financial

Collateral

Net

Liabilities

Sheet

Sheet

Instruments

Pledge

Amount

December 31, 2023

 

  

 

  

 

  

 

  

 

  

 

  

Repurchase agreements (a)

$

19,708

$

$

19,708

$

(19,708)

$

$

 

  

 

  

 

  

 

  

 

  

 

  

December 31, 2022

 

  

 

  

 

  

 

  

 

  

 

  

Repurchase agreements (a)

$

20,368

$

$

20,368

$

(20,368)

$

$

(a)As of December 31, 2023 and 2022, the fair value of securities pledged in connection with repurchase agreements was $28,902,000 and $34,160,000, respectively.
Schedule of the remaining contractual maturity of the master netting arrangement or repurchase agreements

(Dollars in thousands)

Remaining Contractual Maturity of the Agreements

Overnight

Greater

Greater

and

Up to

30 -90

than

Continuous

30 days

Days

90 Days

Total

December 31, 2023:

Repurchase agreements and repurchase-to-maturity transactions:

 

  

 

  

 

  

 

  

 

  

U.S. Treasury and/or agency securities

$

19,708

$

$

$

$

19,708

Total

$

19,708

$

$

$

$

19,708