XML 43 R34.htm IDEA: XBRL DOCUMENT v3.22.2
Borrowed Funds (Tables)
6 Months Ended
Jun. 30, 2022
Borrowed Funds [Abstract]  
Summary of Short-term Borrowings

The following is a summary of short-term borrowings with original maturities of less than one year:

(Dollars in thousands)

Six Months
Ended
June 30, 2022

Year Ended
December 31, 2021

Overnight borrowings, weighted average interest rate of 1.75% at June 30, 2022

$

18,900

$

Securities sold under agreements to repurchase:

Outstanding at end of period

$

51,014

$

57,699

Weighted average interest rate at end of period

0.14%

0.15%

Maximum amount outstanding as of any month end

$

62,023

$

72,396

Average amount outstanding

$

59,710

$

57,697

Approximate weighted average rate during the period

0.12%

0.15%