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SHORT-TERM BORROWINGS | 3 Months Ended
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Mar. 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 March 31, 2024 and December 31, 2023, and for the three and twelve months then ended:
| March 31, 2024 |  | December 31, 2023
Balance at period-end | $ | 75,000 |  |  | $ | 97,500 |
Weighted average interest rate during the period | 5.67 | % |  | 5.68 | %
Average balance during the period | $ | 97,505 |  |  | $ | 87,370 |
Average interest rate during the period | 5.77 | % |  | 5.46 | %
Maximum month-end balance during the period | $ | 105,000 |  |  | $ | 120,984 |
At March 31, 2024 and December 31, 2023, the Company had availability under FHLB lines for its short-term borrowings totaling $75.0 million and $52.5 million, respectively.

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- 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
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