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Concentration of Credit Risk
9 Months Ended
Sep. 30, 2023
Concentration of Credit Risk [Abstract]  
Concentration of Credit Risk
NOTE 12 – Concentration of Credit Risk
  

The Bank has a significant concentration of deposits with five customers that accounted for approximately 21% of its deposits as of September 30, 2023. The Bank also has a significant concentration of short-term borrowings from one customer that accounted for 77% of the outstanding balance of securities sold under agreements to repurchase as of September 30, 2023. The Company expects to maintain the relationships with these customers for the foreseeable future.