(dollars in thousands)

June 30, 2024

December 31, 2023

Federal funds purchased

$

-

$

-

Overnight repurchase agreements

1,381

2,383

Federal Home Loan Bank advances

19,586

9,450

Total short-term borrowings

$

20,967

$

11,833

Maximum month-end outstanding balance (year-to-date)

$

41,682

$

84,360

Average outstanding balance during the period

$

44,106

$

53,466

Average interest rate (year-to-date)

4.63

%

4.90

%

Average interest rate at end of period

5.65

%

5.65

%