Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)

12 Months Ended

Dec. 31, 2022

Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Abstract]

Schedule of Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

Information relating to federal funds purchased and repurchase agreements is as follows:

(in thousands)	Year End Weighted Rate		Average Weighted Rate		Average Balance Outstanding		Maximum Outstanding at any Month End		Balance at December 31,
2022
Federal funds purchased	4.71	%	3.82	%	$	32	$	—	$	—
Short-term repurchase agreements - Bank	1.47		0.63		7,950		22,048		5,187
Total					$	7,982	$	22,048	$	5,187
2021
Federal funds purchased	0.43	%	0.34	%	$	1	$	—	$	—
Short-term repurchase agreements - Bank	0.27		0.25		34,448		55,942		23,829
Total					$	34,449	$	55,942	$	23,829

Schedule of Repurchase Agreements by Remaining Maturity of the Agreements

The collateral amounts pledged to repurchase agreements by remaining maturity in the table below are limited to the outstanding balances of the related asset or liability; thus amounts of excess collateral are not shown.

Repurchase Agreements	Remaining Contractual Maturity of the Agreements
(in thousands)	Overnight and continuous		Less than 90 days		Greater than 90 days		Total
At December 31, 2022
U.S. government-sponsored enterprises	$	5,187	$	—	$	—	$	5,187
Total	$	5,187	$	—	$	—	$	5,187
At December 31, 2021
U.S. government-sponsored enterprises	$	9,113	$	—	$	—	$	9,113
Mortgage-backed securities	14,716		—		—		14,716
Total	$	23,829	$	—	$	—	$	23,829