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Borrowings (Tables)
9 Months Ended
Sep. 30, 2023
Borrowings [Abstract]  
Short-term Borrowings
The following table presents total short-term borrowings as of the dates indicated:

(dollars in thousands)
 
September 30, 2023
   
December 31, 2022
 
Federal funds purchased
  $ -     $ 11,378  
Overnight repurchase agreements
   
1,323
      4,987  
Federal Home Loan Bank advances
    49,450       46,100  
Total short-term borrowings
 
$
50,773
   
$
62,465
 
                 
Maximum month-end outstanding balance (year-to-date)
 
$
84,360
   
$
62,465
 
Average outstanding balance during the period
 
$
58,919
   
$
11,776
 
Average interest rate (year-to-date)
   
4.91
%
    2.34 %
Average interest rate at end of period
   
5.61
%
   
4.58
%