SHORT-TERM BORROWINGS

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS

The following table presents the distribution of securities sold under agreements to repurchase and federal funds purchased and the related weighted average interest rates as of March 31, 2024:

	As of and for the quarter ended
	March 31, 2024
(dollars in thousands)	Repurchase agreements			Federal funds purchased
Outstanding at period-end	$	7,446		$	207,000
Average amount outstanding	7,347			57,835
Maximum amount outstanding at any month end	7,446			207,000
Weighted average interest rate:
During period	0.26		%	5.78		%
End of period	0.25		%	5.44		%