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Borrowed Funds (Tables)
9 Months Ended
Sep. 30, 2022
Borrowed Funds [Abstract]  
Summary of Short-term Borrowings

The following is a summary of short-term borrowings with original maturities of less than one year:

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(Dollars in thousands)

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Nine Months
Ended
September 30, 2022

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Year Ended
December 31, 2021

Overnight borrowings, weighted average interest rate of 3.25% at September 30, 2022

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$

20,000

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$

—

Securities sold under agreements to repurchase:

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Outstanding at end of period

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$

69,726

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$

57,699

Weighted average interest rate at end of period

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0.13%

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0.15%

Maximum amount outstanding as of any month end

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$

75,912

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$

72,396

Average amount outstanding

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$

60,839

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$

57,697

Approximate weighted average rate during the period

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0.12%

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0.15%

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