Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Borrowings [Abstract]

Short-Term Borrowings

Short-term borrowings at December 31 consist of the following:

	2023		2022
	(In Thousands)
Securities sold under agreements to repurchase	$	54,076	$	50,951
Federal Home Loan Bank short-term borrowings		20,000		42,264
	$	74,076	$	93,215

The outstanding balances and related information of short-term borrowings are summarized as follows:

	Years Ended December 31,
	2023			2022
	(Dollars In Thousands)
Average balance during the year	$	93,455		$	69,711
Average interest rate during the year		3.26	%		0.75	%
Maximum month-end balance during the year	$	136,408		$	93,215
Weighted average interest rate at the end of the year		3.14	%		2.65	%

Collateral Pledged for Repurchase Agreements

	As of December 31, 2023
	Remaining Contractual Maturity of the Agreements
	Overnight and continuous		Up to 30 days		30-90 days		Greater than 90 days		Total
Repurchase Agreements:
Mortgage-backed securities - government sponsored entities	$	55,056	$	—	$	—	$	—	$	55,056
Total liability recognized for repurchase agreements									$	54,076

	As of December 31, 2022
	Remaining Contractual Maturity of the Agreements
	Overnight and continuous		Up to 30 days		30-90 days		Greater than 90 days		Total
Repurchase Agreements:
Mortgage-backed securities - government sponsored entities	$	54,562	$	—	$	—	$	—	$	54,562
Total liability recognized for repurchase agreements									$	50,951

Other Borrowings

	2023		2022
	(In Thousands)
Notes with the FHLB:
Amortizing fixed rate borrowing due December 2023 at 5.08%	$	—	$	40,000
Fixed rate borrowing due April 2025 at 4.26%		20,000		—
Amortizing fixed rate borrowing due September 2025 at 5.67%		4,406		—
Fixed rate borrowing due April 2026 at 4.04%		20,000		—
Amortizing fixed rate borrowing due May 2027 at 4.37%		25,950		—
Amortizing fixed rate borrowing due July 2028 at 4.70%		13,880		—
Fixed rate borrowing due July 2028 at 4.49%		10,000		—
	$	94,236	$	40,000
Notes with the Federal Reserve Bank:
Fixed rate borrowing due March 2024 at 4.83%	$	10,000	$	—
Fixed rate borrowing due September 2024 at 5.55%		20,000		—
	$	30,000	$	—

Contractual Maturities of Other Borrowings

2024	$	42,636
2025		32,577
2026		31,119
2027		5,967
2028		11,937
	$	124,236