(in thousands)

September 30,
2024

December 31,
2023

Short-term borrowings:

Securities sold under agreements to repurchase:

Outstanding at end of period

$

21,206

$

45,418

Weighted average interest rate at end of period

0.24%

0.27%

Maximum amount outstanding as of any month end

$

44,415

$

59,777

Average amount outstanding

$

33,290

$

50,498

Approximate weighted average rate during the period

0.26%

0.24%

Overnight borrowings, weighted average interest rate of 5.00% at September 30, 2024

$

29,000

$

—

Long-term borrowings:

FHLB advances, bearing fixed interest rate ranging from 3.84% to 4.04% at September 30, 2024 and rates ranging from 4.53% to 4.69% at December 31, 2023.

$

90,000

$

80,000

Junior subordinated debt, bearing variable interest rate of 7.95% at September 30, 2024 and 8.39% at December 31, 2023

30,929

Total borrowings outstanding

$

171,135

$

156,347