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Repurchase Agreements (Tables)
 12 Months Ended
Dec. 31, 2024
Transfers and Servicing [Abstract]  
Schedule of Repurchase Agreements

The following is a summary of the balances and collateral of the Company’s repurchase agreements:

 

(Dollars in thousands)  Years ended December 31, 
   2024   2023 
Average daily balance during the year  $12,216   $18,361 
Average interest rate during the year   2.82%   2.72%
Maximum month-end balance during the year  $16,660   $20,083 
Weighted average interest rate at year-end   2.68%   2.84%

 

 

                     
   As of December 31, 2024 
   Overnight and   Up to 30       Greater     
   Continuous   days   30-90 days   than 90 days   Total 
Repurchase agreements:                         
U.S. federal treasury obligations  $             11,729   $  -   $    -   $    -   $11,729 
Agency mortgage-backed securities   2,079    -    -    -    2,079 
Total  $13,808   $-   $-   $-   $13,808 

 

                          
   As of December 31, 2023 
    Overnight and    Up to 30         

Greater

      
    Continuous    days    30-90 days    than 90 days    Total 
Repurchase agreements:                                                
U.S. federal treasury obligations  $            12,714   $-   $-   $-   $12,714 
Total  $12,714   $-   $-   $-   $12,714