(in thousands)

June 30,
2025

December 31,
2024

Short-term borrowings:

Securities sold under agreements to repurchase:

Outstanding at end of period

$

21,812

$

15,409

Weighted average interest rate at end of period

0.17%

0.24%

Maximum amount outstanding as of any month end

$

21,812

$

44,415

Average amount outstanding

$

18,609

$

29,805

Approximate weighted average rate during the period

0.22%

0.26%

Overnight borrowings, weighted average interest rate of 4.50% at June 30, 2025 and December 31, 2024

$

29,142

$

50,000

Long-term borrowings:

FHLB advances, bearing fixed interest rate ranging from 3.84% to 4.04% at June 30, 2025 and December 31, 2024.

$

90,000

$

90,000

Junior subordinated debt, bearing variable interest rate of 7.32% at June 30, 2025 and 7.36% at December 31, 2024

30,929

Total borrowings outstanding

$

171,883

$

186,338