Note 10 - Short-Term Borrowings

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Short-Term Borrowings

Note 10. Short-Term Borrowings

Short-term borrowings as of December 31, 2023 and 2022 are summarized as follows:

	2023		2022
	(dollars in thousands)
Federal funds purchased	$	1,500	$	129,630

Information concerning federal funds purchased is summarized as follows for the years ended December 31, 2023 and 2022:

	2023			2022
	(dollars in thousands)
Average daily balance	$	2,781		$	8,637
Average daily interest rate		5.09	%		1.76	%
Maximum month-end balance	$	2,230		$	129,630
Weighted average rate as of December 31		5.20	%		4.70	%