Borrowings (Tables)

3 Months Ended

Mar. 31, 2023

Borrowings [Abstract]

Short-term Borrowings

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

(dollars in thousands)	March 31, 2023			December 31, 2022
Federal funds purchased	$	-		$	11,378
Overnight repurchase agreements		4,517			4,987
Federal Home Loan Bank advances		72,500			46,100
Total short-term borrowings	$	77,017		$	62,465
Maximum month-end outstanding balance	$	84,360		$	62,465
Average outstanding balance during the period	$	60,585		$	11,776
Average interest rate (year-to-date)		4.38	%		2.34	%
Average interest rate at end of period		4.58	%		4.58	%