Note 9 - Short-Term Borrowings

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Short-Term Borrowings

Note 9. Short-Term Borrowings

Short-term borrowings as of December 31, 2021 and 2020 are summarized as follows:

	2021		2020
	(dollars in thousands)
Federal funds purchased		3,800		5,430
	$	3,800	$	5,430

Information concerning federal funds purchased is summarized as follows for the years ended December 31, 2021 and 2020:

	2021			2020
	(dollars in thousands)
Average daily balance	$	6,280		$	19,573
Average daily interest rate		0.08	%		0.36	%
Maximum month-end balance	$	11,320		$	30,430
Weighted average rate as of December 31		0.08	%		0.06	%