(Dollars in thousands)

Nine Months
Ended
September 30, 2023

Year Ended
December 31, 2022

Short-term Correspondent Bank Advance:

Securities sold under agreements to repurchase:

Outstanding at end of period

$

53,330

$

64,565

Weighted average interest rate at end of period

0.27%

0.12%

Maximum amount outstanding as of any month end

$

59,777

$

75,912

Average amount outstanding

$

51,044

$

63,182

Approximate weighted average rate during the period

0.23%

0.12%

FHLB advances, bearing fixed interest at rates ranging from 4.53% to 4.69% at September 30, 2023

$

80,000

$

-

Junior subordinated debt, bearing variable interest rate of 8.42% at September 30, 2023 and 7.49% at December 31, 2022

30,929

Total borrowings outstanding

$

164,259

$

95,494