Annual report pursuant to Section 13 and 15(d)

SHORT-TERM BORROWINGS (Tables)

v3.24.0.1
SHORT-TERM BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2023
Short Term Borrowings [Abstract]  
Schedule of Short-Term Borrowings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in Thousands)
Federal Funds
Purchased
Securities
 
Sold Under
Repurchase
Agreements
(1)
Other
 
Short-Term
Borrowings
(2)
2023
Balance at December 31
$
-
$
26,957
$
8,384
Maximum indebtedness at any month end
-
32,426
42,345
Daily average indebtedness outstanding
12
19,917
24,134
Average rate paid
 
for the year
7.03
%
2.57
%
6.37
%
Average rate paid
 
on period-end borrowings
-
%
2.81
%
9.51
%
2022
Balance at December 31
$
-
$
6,582
$
50,211
Maximum indebtedness at any month end
-
9,452
50,211
Daily average indebtedness outstanding
2
8,095
32,386
Average rate paid
 
for the year
3.39
%
0.17
%
5.40
%
Average rate paid
 
on period-end borrowings
-
%
0.40
%
7.61
%
2021
Balance at December 31
$
-
$
4,955
$
29,602
Maximum indebtedness at any month end
-
6,755
58,309
Daily average indebtedness outstanding
2
5,762
47,748
Average rate paid
 
for the year
2.39
%
0.04
%
2.84
%
Average rate paid
 
on period-end borrowings
-
%
0.04
%
2.36
%
(1)
Balances are fully collateralized by government treasury or agency securities held in the Company's investment portfolio.
(2)
Comprised of warehouse lines of credit totaling $
8.4
 
million at December 31, 2023.