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v3.24.1

Repurchase Agreements (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Repurchase Agreements | The following is a summary of the balances and collateral of the Company’s repurchase agreements: Schedule of Repurchase Agreements
(Dollars in thousands) |  | Years ended December 31, |
|  | 2023 |  |  | 2022 |
Average daily balance during the year |  | $ | 18,361 |  |  | $ | 13,239 |
Average interest rate during the year |  |  | 2.72 | % |  |  | 1.11 | %
Maximum month-end balance during the year |  | $ | 20,083 |  |  | $ | 33,930 |
Weighted average interest rate at year-end |  |  | 2.84 | % |  |  | 1.70 | %
|  | As of December 31, 2023 |
|  | Overnight and |  |  | Up to 30 |  |  |  |  |  | Greater than |  |  |  |
|  | Continuous |  |  | days |  |  | 30-90 days |  |  | 90 days |  |  | Total |
Repurchase agreements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal treasury obligations |  | $ | 12,714 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 12,714 |
Total |  | $ | 12,714 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 12,714 |
|  | As of December 31, 2022 |
|  | Overnight and |  |  | Up to 30 |  |  |  |  |  | Greater than |  |  |  |
|  | Continuous |  |  | days |  |  | 30-90 days |  |  | 90 days |  |  | Total |
Repurchase agreements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal treasury obligations |  | $ | 25,973 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 25,973 |
U.S. federal agency obligations |  |  | 1,236 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,236 |
Agency mortgage-backed securities |  |  | 2,193 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,193 |
Total |  | $ | 29,402 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 29,402 |

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- References No definition available. + Details
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- Definition The entire disclosure for repurchase agreements. + References No definition available. + Details
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Balance Type: | na
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