Note 9 - Short-Term Borrowings

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Short-Term Borrowings

Note 9. Short-Term Borrowings

Short-term borrowings as of December 31, 2022 and 2021 are summarized as follows:

	2022		2021
	(dollars in thousands)
Federal funds purchased	$	129,630	$	3,800

Information concerning federal funds purchased is summarized as follows for the years ended December 31, 2022 and 2021:

	2022			2021
	(dollars in thousands)
Average daily balance	$	8,637		$	6,280
Average daily interest rate		1.76	%		0.08	%
Maximum month-end balance	$	129,630		$	11,320
Weighted average rate as of December 31		4.70	%		0.08	%