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Borrowed Funds (Tables)
9 Months Ended
Sep. 30, 2022
Borrowed Funds [Abstract]  
Summary of Short-term Borrowings

The following is a summary of short-term borrowings with original maturities of less than one year:

(Dollars in thousands)

Nine Months
Ended
September 30, 2022

Year Ended
December 31, 2021

Overnight borrowings, weighted average interest rate of 3.25% at September 30, 2022

$

20,000

$

Securities sold under agreements to repurchase:

Outstanding at end of period

$

69,726

$

57,699

Weighted average interest rate at end of period

0.13%

0.15%

Maximum amount outstanding as of any month end

$

75,912

$

72,396

Average amount outstanding

$

60,839

$

57,697

Approximate weighted average rate during the period

0.12%

0.15%