XML 70 R37.htm IDEA: XBRL DOCUMENT

Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Borrowings

Schedule of information concerning securities sold under agreements to repurchase


		2022			2021

		(Dollars in thousands)
Balance outstanding at year end		$	18,106		$	15,701
Average daily balance during the year		$	22,581		$	19,452
Average interest rate during the year			1.02	%		0.12	%
Maximum month-end balance during the year		$	28,114		$	26,653
Weighted-average interest rate at year end			3.04	%		0.12	%

Schedule of repurchase agreements

The following table presents the Company’s repurchase agreements accounted for as secured borrowings:

Remaining Contractual Maturity of the Agreement

(In thousands)


		Overnight and									Greater than 90
December 31, 2022		Continuous			Up to 30 Days			30‑90 Days			Days			Total
Repurchase Agreements
State and municipal obligations		$	18,106		$	—		$	—		$	—		$	18,106
Total		$	18,106		$	—		$	—		$	—		$	18,106


		Overnight and									Greater than 90
December 31, 2021		Continuous			Up to 30 Days			30‑90 Days			Days			Total
Repurchase Agreements
U.S government agencies		$	15,701		$	—		$	—		$	—		$	15,701
Total		$	15,701		$	—		$	—		$	—		$	15,701