Note 9 - Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings

December 31,	Securities sold under agreements to repurchase (a)			Other short - term  borrowings (b)
2023
Balance	$	44,094		$	50,000
Maximum indebtedness at any month end		69,343			136,799
Daily average indebtedness outstanding		53,154			55,708
Average rate paid for the year		1.39	%		4.55	%
Average rate on period-end borrowings		4.59			4.39
2022
Balance	$	69,309		$	92,018
Maximum indebtedness at any month end		71,847			92,018
Daily average indebtedness outstanding		68,650			17,226
Average rate paid for the year		0.50	%		3.01	%
Average rate on period-end borrowings		1.82			4.51

(a)Securities sold under agreements to repurchase mature overnight. The repurchase agreements were collateralized by U.S. Government mortgage-backed securities and CMOs with an amortized cost of $72,012,000 and $92,158,000 and a fair value of $61,650,000 and $79,014,000 and at December 31, 2023 and 2022 respectively. These securities are held in safekeeping at the Federal Reserve Bank of Boston.

(b)Other short-term borrowings include Federal funds purchased, overnight borrowings from the FHLB and short-term FRB borrowings.