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Short-Term Borrowings | 12 Months Ended
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Dec. 31, 2024
Short-Term Borrowings [Abstract] |
Short-Term Borrowings | Note 10: Short-Term Borrowings
($ in thousands) |  | 2024 |  |  | 2023 |
Securities Sold Under Repurchase Agreements |  | $ | 10,585 |  |  | $ | 13,387 |
The Company has retail repurchase agreements to facilitate cash management transactions with commercial customers. These obligations were secured by agency securities of $3.9 million and $4.5 million as of December 31, 2024, and 2023, respectively, and mortgage-backed securities of $13.4 million and $15.2 million for 2024 and 2023, respectively. The collateral is held at the FHLB and has maturities from 2025 through 2051. At December 31, 2024, these repurchase agreements totaled $10.6 million. The maximum amount of outstanding agreements at any month end during 2024 and 2023 totaled $26.9 million and $24.6 million, respectively, and the monthly average of such agreements totaled $14.3 million and $15.8 million during 2024 and 2023, respectively. The repurchase agreements mature within one month. The Company has borrowing capabilities at the Federal Reserve Discount Window (“Discount Window”) by pledging either securities or loans as collateral. As of December 31, 2024, there were no borrowings drawn at the Discount Window. At December 31, 2024 and 2023, the Company had $41.0 million in federal funds lines, of which none were drawn.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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