XML 31 R20.htm IDEA: XBRL DOCUMENT v3.25.0.1

Short-Term Borrowings

12 Months Ended

Dec. 31, 2024

Short-Term Debt [Abstract]

Short-Term Borrowings

(9) SHORT-TERM BORROWINGS

The following is a summary of short-term borrowings:

		December 31,
		2024				2023
		(Dollars in thousands)
Federal funds purchased		$	—			$	2,525
Repurchase agreements			—				826
Total short-term borrowings		$	—			$	3,351
Weighted average interest rate			4.69	%			4.84	%
End of period interest rate			4.30	%			4.06	%

Federal funds purchased represent borrowings of overnight funds from other financial institutions.

The Company enters into sales of securities to certain of its customers with simultaneous agreements to repurchase. These agreements represent an overnight borrowing of funds.

X

- References

No definition available.

+ Details

Name:	us-gaap_ShortTermBorrowingsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for short-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

+ Details

Name:	us-gaap_ShortTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration