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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2024
Advance from Federal Home Loan Bank [Abstract]  
Summary of short-term borrowings consisting of FHLB advances and federal funds purchased

The following table presents selected information on short-term borrowings for the years ended December 31, 2024 and 2023, which consisted of FHLB advances.

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(dollars in thousands)

 

Balance at year-end

 

$

25,000

 

 

$

20,000

 

Average balance during the year

 

$

6,418

 

 

$

45,801

 

Average interest rate during the year

 

 

4.65

%

 

 

4.68

%

Maximum month-end balance during the year

 

$

25,000

 

 

$

150,000