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SHORT-TERM BORROWINGS
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
SHORT-TERM BORROWINGS SHORT-TERM BORROWINGS
The Company has short-term borrowing capability from the FHLB and the FRB discount window. The following table summarizes these short-term borrowings at and for the years ended December 31, 2024, 2023 and 2022:
202420232022
Balance at year-end$75,000 $97,500 $104,684 
Weighted average interest rate at year-end4.71 %5.68 %4.45 %
Average balance during the year$80,596 $87,370 $13,846 
Average interest rate during the year5.59 %5.46 %3.97 %
Maximum month-end balance during the year$105,000 $120,984 $104,684 
At December 31, 2024 and 2023, the Company had availability under FHLB lines for its short-term borrowings totaling $75.0 million and $52.5 million, respectively.
The Company also enters into borrowing arrangements with certain of its deposit clients by agreements to repurchase ("repurchase agreements") under which the Company pledges investment securities owned and under its control as collateral against the borrowing arrangement, which generally matures within one day from the transaction date. The Company is required to hold U.S. Treasury, U.S. Agency or U.S. GSE securities as underlying securities for repurchase agreements. The following table provides additional details for repurchase agreements, which excludes federal funds purchased, at and for the years ended December 31, 2024, 2023 and 2022:
202420232022
Balance at year-end$25,863 $9,785 $17,251 
Weighted average interest rate at year-end0.87 %0.76 %0.60 %
Average balance during the year$17,543 $14,099 $22,294 
Average interest rate during the year1.22 %0.80 %0.20 %
Maximum month-end balance during the year$27,446 $17,991 $26,399 
Fair value of securities underlying the agreements at year-end$25,988 $10,201 $17,188