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Concentration of Credit Risk
3 Months Ended
Mar. 31, 2024
Concentration of Credit Risk [Abstract]  
Concentration of Credit Risk
NOTE 12 – Concentration of Credit Risk


The Bank has a significant concentration of deposits with two customers that accounted for approximately 12% of its deposits as of March 31, 2024. The Bank also has a significant concentration of short-term borrowings from one customer that accounted for 86% of the outstanding balance of securities sold under agreements to repurchase as of March 31, 2024. The Company expects to maintain the relationships with these customers for the foreseeable future.