Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Borrowings [Abstract]

Short-term Borrowings

The following table presents total short-term borrowings as of the dates indicated:

(dollars in thousands)	December 31, 2022			December 31, 2021
Federal funds purchased	$	11,378		$	-
Overnight repurchase agreements		4,987			4,536
Federal Home Loan Bank advances		46,100			-
Total short-term borrowings	$	62,465		$	4,536
Maximum month-end outstanding balance	$	62,465		$	12,239
Average outstanding balance during the period	$	11,776		$	7,293
Average interest rate (year-to-date)		2.34	%		0.10	%
Average interest rate at end of period		4.58	%		0.10	%